Hotel development has plunged across California for 2024, with the lowest total of new hotels and rooms delivered to The Golden State since 2014.
Only 35 new hotels were delivered last year, a drop of 34% from the 2023 total of 53. These openings added a paltry 3,798 hotel rooms to the lodging inventory in the state, down nearly 40% from the previous year’s total of 6,280.
The new annual survey from Atlas Hospitality Group also reported a shrinking hotel development pipeline in California, with a decline in the number of hotels under construction or being planned.
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