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Good news! The hotel industry near San Francisco's Union Square is coming back.
Even better news is that the increase in occupancy is having an impact on jobs and on the local economy. According to the Hotel Council, prior to the pandemic, the hotel occupancy rate during the holidays was close to 85 percent. Today, there are nowhere near that number but they are optimistic.
The heavy police presence is reassuring to the hotels, their guests and even their employees. The hotel industry hopes that won't go away once the holidays are over.
Hotels hope in the upcoming months the travel forecast improves as international travel begins to pick up.
Carolyn McArdle talked about it on the air. Listen below...