The Four Seasons Austin once again checks in among the top moneymaking hotels in Texas, according to a new report. The classic downtown haunt joins six other Capital City hotels among the top 10.
The report, issued by San Antonio-based Source Strategies Inc., shows that based on revenue per available room (RevPAR) — a key financial indicator in the hotel industry — the Four Seasons ranked as the No. 2 most lucrative Texas hotel in the first quarter of 2019. The Ritz-Carlton, Dallas took the top spot.
Among the top moneymaking hotels in Texas, the Four Seasons Hotel Austin remained at No. 2 from the fourth quarter of last year to the first quarter of this year.
The 291-room Four Seasons saw its RevPAR slip from $345.95 in the first quarter of 2018 to $344.48 to the first quarter of 2019. (The first-quarter figure for the Four Seasons is not even $1 less than The Ritz-Carlton’s comparable number of $345.36.)
The Four Seasons “just underwent a three-year renovation,” Vaughn says, “so it looks like they’re getting some good demand out of the recent improvements.”
Source: Classic Austin hotel takes spot among Texas’ most lucrative properties – CultureMap Austin