The Ritz-Carlton, Dallas has retained its crown as the top moneymaking hotel in Texas, according to a new report.
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 Ritz-Carlton ranked as the most lucrative Texas hotel in the first quarter of this year. It had held the No. 2 spot in the first quarter of 2018 but moved up to No. 1 in the fourth quarter.
The Ritz-Carlton’s RevPAR jumped from $337 in the first quarter of 2018 to $345.36 in the first quarter of 2019, according to Source Strategies.
Paul Vaughn, senior vice president of Source Strategies, attributes the Ritz-Carlton’s success, in part, to its desirable location in Uptown Dallas.
Source: Uptown Dallas hotel occupies top spot among Texas’ lucrative lodgings – CultureMap Dallas