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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.
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