September 23, 2020

Hotel bloodbath: What recovery could look like in SA – San Antonio Business Journal

San Antonio hotels generated only $97.1 million in the second quarter, which beat Austin by nearly $4 million. In second quarter 2019, Austin’s hotel market generated $460 million more than San Antonio. “Clearly, the folks with the most to lose lost the most,” Vaughn said. “Austin has been riding high for years. Its collapse was […]

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Bottom drops out of Texas hotel market in second quarter – Midland Reporter-Telegram

The Texas hotel industry suffered its worst decline on record in the second quarter as business and leisure travel ground to a halt in the early months of the pandemic and very little has returned. Statewide hotel revenue plunged 64 percent compared with the year earlier to $1.2 billion, according to new data from San

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Dallas hotels suffered Texas’ third biggest drop in revenue amid COVID – CultureMap Dallas

A report released September 15 by Texas hotel consulting firm Source Strategies Inc. shows hotel revenue in the Dallas area plunged 72.9 percent in the second quarter of this year versus the second quarter of last year. The occupancy rate sank to 32 percent, down from 72 percent in the second quarter of last year.

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