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In recent years, San Francisco has seen increased hotel demand but stagnant hotel supply. Now that's changing, according to the San Francisco Business Times, which reported last week that San Francisco has 4,685 new hotel rooms in the pipeline -- 1,400 of which already are under construction. (For comparison, just 253 new rooms opened last year, when San Francisco welcomed a record 25.1 million visitors -- the city's seventh consecutive year of record-breaking tourism growth.)
Five new properties will open in San Francisco this year, and 20 more are in various stages of planning and development. Among the new hotels opening in the city are YOTEL San Francisco, a Japanese capsule-style hotel that will open this fall with 203 "cabins"; Virgin Hotels San Francisco, which will open this summer with 196 rooms; and Waldorf Astoria San Francisco, which will open in 2020 or 2021 with 171 rooms. Already opened, meanwhile, is Hotel VIA, which opened last week with 159 rooms and a 3,000-square-foot rooftop available for private events.