Source Strategy Inc.’s Paul Vaughn said Boerne hotels experienced a nearly 14% revenue increase in the third quarter of 2020 compared to the same period a year ago. Occupancy in Boerne hotels averaged 51% in the quarter — well above the state average of 45.5% and San Antonio’s 41.6% performance. Source: Boerne Mayor Tim Handren […]
Dallas-Fort Worth hotel occupancy in the third quarter of this year fell almost 27 points to 38.2 percent compared to the same period a year ago — the lowest occupancy in the state’s major metros. Daily rates fell 19.7 percent to $87.13 for the quarter. Revenue per available room in DFW dropped by more than
The average value decline for hotels has been about 20%, according to CBRE. The steepest declines have been in high-end properties. That matches up with data from San Antonio-based Source Strategies Inc., which reported Dec. 3 that revenue at Texas hotels in the third quarter was down more than 40% from a year prior. In
A report released September 15 by Texas hotel consulting firm Source Strategies Inc. shows hotel revenue in the Fort Worth-Arlington area plunged 70 percent in the second quarter of this year versus the second quarter of last year. The occupancy rate sank to 31.1 percent, down from 65.9 percent in the second quarter of last
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
Hotel bloodbath: What recovery could look like in SA – San Antonio Business Journal Read More »
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
Bottom drops out of Texas hotel market in second quarter – Midland Reporter-Telegram Read More »
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.
During the first quarter, local hotel revenue plunged 22.2 percent to $277 million, the steepest drop among Texas’ major metros, according to Source Strategies, a San Antonio-based hotel consulting firm. Revenue per available room, a key measure of hotels’ performance, was $62.16, down $17.10 from the same period last year. Some distressed properties, unable to
San Antonio theme parks, hotels begin reopening – ExpressNews.com Read More »
Metro San Antonio gained 1,000 net new hotel rooms in the fourth quarter of 2019, and there are indications that supply is beginning to outpace demand. The number of room nights sold in October through December increased less than 1% compared to the same period the previous year, according to data provided by San Antonio-based
San Antonio’s hotel building boom is outpacing demand – San Antonio Business Journal Read More »
Hotels in the three-county metropolitan area enjoyed strong gains in revenues and occupancy throughout 2019, according to a report.Source Strategies Inc. of San Antonio reported hotel revenues increased by 14% to about $34.3 million in 2019 compared with 2018. The occupancy rate within Longview increased in 2019 by 4.3% to 59.9%. Within the Longview metro
Hotel occupancy rates on the rise | News | kilgorenewsherald.com Read More »
