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Market Report

Riverside-San Bernardino
Hospitality Market Report

Midyear 2022

Demand Resurgence Elevates Revenue and Average Sales
Pricing Well Beyond Pre-Pandemic Levels

Metro stands out on a national scale. Inland Empire hotel demand has been restored. Spanning the 12-month interval ended in May, occupancy was 67.3 percent, making the metro the only major U.S. market with a rate above its recording from the same period in 2019. Heightened demand for upper midscale and upscale rooms supported the recent improvement, with gains across these segments lifting the overall ADR. This, in turn, pushed yearlong RevPAR 25 percent above the recording from the same period in 2019. This is noteworthy, as only Miami noted a higher increase nationally over that span. Looking ahead, pre-pandemic levels of passenger volumes at Ontario International Airport this spring suggest solid demand for proximate hotels can be expected in the near term. Additionally, elevated travel costs may influence more Southern California households to vacation closer to home this summer, aiding local hotels that offer resort accommodations or proximity to outdoor activities.
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