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Opinion Article Markets & Performance

HVS In Focus: San Francisco Hotel Market - Best of the West

San Francisco's hospitality industry has a lot of momentum in 2014, with visitation, occupancy, and per-key transaction prices at peak levels. What are the current development and transactions trends? How might the continued lack of new inventory combined with record average daily rates affect future demand? San Francisco's lodging market continues to surge with record double-digit RevPAR growth driven by growth in average daily rates.

Aaron Solaimani
By Aaron Solaimani, Associate with the San Francisco office, HVS
San Francisco, California, United States

San Francisco's hospitality industry has a lot of momentum in 2014, with visitation, occupancy, and per-key transaction prices at peak levels. What are the current development and transactions trends? How might the continued lack of new inventory combined with record average daily rates affect future demand? San Francisco's lodging market continues to surge with record double-digit RevPAR growth driven by growth in average daily rates. It ranks 3rd in the nation for occupancy rate.1 Year-over-year occupancy was up nearly 3% and ADR increased over 9% in 2013, leading to a RevPAR increase of more than 13% as compared to the prior year. San Francisco County saw $876 million in transaction activity in 2013, up from nearly $750 million in 2012.

Markets & Performance USA & Canada United States California San Francisco
Aaron Solaimani
Aaron Solaimani
Associate with the San Francisco office, HVS

Aaron Solaimani is an Associate with the San Francisco office of HVS. He performs hotel and resort appraisals and financial feasibility studies for various property types throughout California and nationwide. Aaron has an abiding interest in working on studies involving proposed hotels where a broader scope and alternative visions are needed.

HVS
Consultant

HVS is the world's leading consulting and services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 2,000 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe.

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