San Francisco to welcome four hot new properties this summer - TravelMole


San Francisco to welcome four hot new properties this summer

Wednesday, Jun 08, 2022 0

 

San Francisco’s hotel scene is gearing up for summer 2022 with the opening of four new properties with three highly-anticipated hotels launching this month: Sustainable and pet-friendly 1 Hotel San Francisco, modern and vibrant LUMA Hotel San Francisco and the historic Beacon Grand (formerly the Sir Francis Drake Hotel). Boutique design-led hotel, The Line SF, is also slated to open in late summer.

 

In addition, The Hilton’s iconic, 1,024-room Parc 55 complex resumed operations last month,  paying testament to the city’s resilience over the last two years and the dedication of the Hilton employees and guests. This follows a trend of tremendous investment in the last few years, in new hotels such as citizenM, Kimpton Alton Hotel and Hyatt Regency San Francisco Downtown SOMA as well as millions spent on renovations at iconic properties such as The St. Regis and The Clift.

 

This investment in new hotels and property renovations is perfectly timed to meet the city’s steady increase in demand and occupancy heading into summer. April 2022 was reported as the best-performing month for San Francisco hotels since before the pandemic, and this is only expected to see further growth. Preliminary data reveal occupancy of available rooms in San Francisco reached 67.2% for the month of April and average daily room rates were £181.60. Both are high-water marks since pandemic restrictions were put in place in March 2020.

 

Hotel demand in San Francisco was up 118% in Q1 2022, and hotel room revenues grew 263% compared to 2021. While demand was still down 48% compared to 2019, the second quarter of this year will be San Francisco’s most active conference period, resulting in estimated direct spending of $117.2 million.

 

The San Francisco International Airport (SFO) also anticipates a busy summer travel season, forecasting the highest levels of passenger traffic since the start of the COVID-19 pandemic. At the start of the summer travel season on the 27 May, there are approximately 120,000 forecasted passengers travelling through SFO.

 

By the end of 2022, seven new branded and independent hotels will have debuted in San Francisco.



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