In terms of hotel performance, San Francisco and San Jose markets are still struggling to recover.

Change in RevPAR (revenue per available hotel room) for the 25 largest metropolitan areas by GDP, Q4 2019 - Q2 2023. RevPAR = average daily rate (ADR) x occupancy rate.

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City names reflect the larger metropolitan statistical area they fall within.

Chart: Bay Area Council Economic InstituteSource: CBREGet the dataDownload imageCreated with Datawrapper