HOTSTATS – Navigating Challenges: California’s Hotel Industry in 2023

California hotel performance

In the dynamic realm of the California hotel industry, the first two quarters of 2023 have been a turbulent ride. From luxury to full-service and select-service segments, the period has seen diverse performance trends. Luxury hotels kicked off the year with a remarkable surge in RevPAR, driven by increased occupancy. However, this momentum faltered in the following quarter, resulting in a decline in RevPAR compared to the previous year. Beyond RevPAR, the profitability landscape tells a more intricate story, with escalating costs casting a shadow on the promising revenue figures. This summary provides an overview of the challenges and fluctuations experienced by the California hotel industry in the opening half of 2023. Read the full article on the HotStats website here