San Fransico's Economic Impact of the Hotel Industry

Hotels were a powerful economic engine for San Francisco in 2025, generating more than $12 billion in total economic impact, according to new analysis from Oxford Economics. As the city continues its post-pandemic recovery, the hotel sector has re-emerged as a cornerstone of local economic vitality fueling jobs, tax revenue, and spending across the community.

Key Impact Highlights

• Nearly 50,000 jobs supported (~16,000 direct hotel jobs and ~34,000 in related sectors)
• $2 billion in tax revenue generated
• $8 billion in guest spending at hotels and local restaurants, retailers, cultural institutions, and small businesses