With Peninsula hotel occupancy rates at 81 percent and average daily room rates up 5.6 percent over last year, developers have flocked to the area to get a piece of the action. Three new hotels have opened in the last year and nearly 20 more have been proposed or are already under construction, potentially increasing the current inventory of 17,000 rooms by 18 percent.
“The market has been incredibly strong,” said Anne LeClair, president and CEO of the San Mateo County/Silicon Valley Convention and Visitors Bureau. “And the good news is that the hotels are predicting that the remainder of this year will remain strong.”
Please click here for the 15 hotels that are under construction, approved, proposed or recently opened on the Peninsula.