[vc_row][vc_column][vc_column_text] Hotel occupancies in Austin still down by 50%, but prices stay high for big events From KXAN Austin: The lack of business travel is also hitting home, according to travel experts. “Austin revenues for the lodging market are down 46% still,” said Paul Vaughn, senior vice president for Source Strategies. Source Strategies, a San …
KXAN: Austin hotel occupancies still down by 50% Read More »
Source Strategies recently completed a new financial feasibility study, at the request of the City of Lago Vista, identifying a very promising location for a new hotel. Logo Vista’s director of economic development reached out to Source Strategies to analyze the feasibility of a hotel project in the area and the results look promising. The need …
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 …
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 …
La Corsha’s development of the East Austin Hotel speaks to Austin’s robust hotel market. In the first quarter of 2018, Austin was home to seven of the top 10 hotels in Texas, as measured by revenue per available room, according to a study from Source Strategies Inc. Smaller boutique hotels had a good showing with …
East Austin Hotel to debut – Austin Business Journal Read More »
Austin’s hotel market continues to sizzle, with both high-rise towers and trendy boutique startups seeing high demand. And there’s room in the market for more of both, according to a new report by Source Strategies, a San Antonio-based hotel consulting firm that tracks the Texas market. Revenue at hotels in the Austin-Round Rock metro area …
CultureMap Austin contacted Source Strategies about the growing prominence of Airbnb in the Texas lodging marketplace. Reporter John Egan delved into Source’s latest quarterly Texas Hotel Brand Report and observed that Austin is leading the charge in adopting this new lodging paradigm. At nearly $19 million, Austin grabbed the largest chunk of Texas’ Airbnb revenue …
CultureMap: Airbnb Multimillion-Dollar Threat to Austin Hotels Read More »
The Austin Business Journal covered the release of the latest Hotel Brand Report from Source Strategies, picking out some interesting points relating to the Austin lodging market. Senior Staff Writer Jan Buchholz notes that Austin maintains the highest REVPAR (Revenue per Available Room) and Occupancy in the state as well as new reporting from San …
Austin Business Journal: A mixed bag for Austin hotels Read More »
The Austin Business Journal reported on slowing of the Texas hotel market in the second quarter with special attention to the peculiarities of the Austin lodging market. The article, Austin home to majority of state’s 10 most-lucrative hotels; Four Seasons, Hotel San Jose & more highlighted in Q2 report appeared online on September 25th. Leaning …
Austin Business Journal: Austin Home to Majority of State’s 10 Most-Lucrative Hotels Read More »
The San Antonio Business Journal‘s W. Scott Bailey consulted with Source Strategies founder Bruce Walker to analyze the changes in the San Antonio and Austin hotel markets over the last two years. The article “SA enters 2017 playing catch up with Austin in heated hotel race” starts with some historical context on the Texas hotel …
SA Business Journal: San Antonio Playing Catch-up in Texas Hotel Race Read More »
