Market watch article
Market Watch Territory:
South Central Texas
Market Watch Month:
June 2024
According to CoStar's latest data through May 18, the U.S. hotel industry showed improved performance compared to the previous week and positive year-over-year results. For the week of May 12-18, occupancy increased by 0.2 percent to 67.4 percent, the average daily rate (ADR) rose by 2.6 percent to $163.11, and revenue per available room (RevPAR) went up by 2.8 percent to $109.93. Houston saw the only double-digit occupancy increase among the Top 25 Markets, rising by 10.5 percent to 67.9 percent.
National
- Consumers Continue To Book Premium Airline Seats, Higher-Tiered Hotels
- Luxury Hotels and a ‘Sense of Place’: The Challenge for Hoteliers
- How Long Can the Resilient Consumer Continue to Spend?
- How a Fed Rate Cut Delay is Impacting Commercial Real Estate
- Unionization is a Growing Factor for US Hoteliers
South Austin
- Austin's Light Rail Plan Enters Federal Project Development Phase
- Erwin Center Comes Down; New Hospital System to Come In
North Austin
- Report: Economic Headwinds Hit Downtown Austin, but City Center Holding It's Own
- Austin Reduces Minimum Lot Size
Border Towns
Market Expert
Associate Investments
National Hospitality Division
Office
(512) 338-7839
Mobile
(915) 256-5217
Fax
License
- TX 647016
Email
