https://www.siliconvalley.com/2022/07/14/hotel-construct-develop-slump-slowdown-bay-area-california-covid-tech/

SAN JOSE — The hotel industry in the Bay Area and California, already struggling to recuperate from coronavirus-spawned economic maladies, has staggered into a brutal development slowdown, a new report shows.

An estimated 29 hotels opened in California during the first half of 2022, down 43% from the 51 hotels that opened statewide over the first six months of 2021, according to a report from Irvine-based Atlas Hospitality Group, which tracks the lodging sector.