COVID real estate: Bay Area hotel openings in 2020 take huge hit
https://www.siliconvalley.com/2021/02/01/covid-real-estate-bay-area-hotel-open-develop-build-huge-hit-2020/
SAN JOSE — Coronavirus-linked economic woes torpedoed hotel activity in the Bay Area and all of California in 2020, according to a new report that sketches out the widening impacts of the deadly bug on the lodging sector.
The number of hotels that opened in both Northern California and Southern California, as well as the number of hotels under construction, plummeted during 2020 compared to 2019, a report by Irvine-based Atlas Hospitality Group shows.