The purpose of the Economy scorecard is to provide the public, elected officials, and City staff with a current snapshot of San Francisco’s economy. This scorecard presents timely information on economy-wide employment indicators, real estate and tourism.
The Tourism summary provides a monthly view of three San Francisco hotel indicators: occupancy rate, average daily rate (ADR) and revenue per available room (RevPAR). Average daily rate represents the average rental income per paid occupied room and RevPAR represents this average daily room rate multiplied by the occupancy rate.
HOTEL OCCUPANCY RATE
May's occupancy rate of 86.7 percent is a 1.3 percentage point decrease from the prior month, April 2017, and a 3.7 percentage point decrease since May 2016, the same period of the prior year. Note that the month-to-month comparison uses seasonally adjusted data.
May 2017’s average daily rate of $255.82 is a 1.3 percent increase since April 2017, the prior month, and a 8.1 percent decrease since May 2016, the same period of the prior year. The revenue per available room in May 2017 was $221.80, an 0.0 percent increase compared to April 2017 and a 11.4 percent decrease since May 2016. Note that the month-to-month comparisons use seasonally adjusted data.
Data on hotel indicators comes from “Trends in the Hotel Industry – Northern California” monthly reports published by CBRE Hotels’ America’s Research .
Please click first on the chart above and then on the “Download” button in the bottom right corner of the visualization to view and download the data displayed in the chart.