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California Hotels Achieve High Occupancy and Rates, but Are Further From Previous Peaks Than Other States

California Hotels are Forecast to Grow Topline Revenue in 2024
San Diego is one of three cities and hotel markets in California that have achieved occupancy above 70% on a trailing, 12-month basis, according to CoStar data. (CoStar)
San Diego is one of three cities and hotel markets in California that have achieved occupancy above 70% on a trailing, 12-month basis, according to CoStar data. (CoStar)
CoStar Analytics
October 5, 2023 | 8:11 P.M.

Compared to hotel markets in other states, California hotels achieved one of the highest occupancy levels and average daily rates, or ADR, year to date through August. However, the state was not immune to the travel normalization trend occurring nationally.

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