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Read the Full Article by The Real Deal Here Austin Between South by Southwest, the Formula 1 Grand Prix and seemingly every bachelorette party in the country, there’s no shortage of visitors in Austin. But occupancy rates remain well below pre-pandemic levels, and economic worries are only making...
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Houston Begins to Stabilize as New Supply Weighs on Statewide Occupancy Substantial job growth drives hotel needs in Texas’ largest cities. Dallas/Fort Worth and Houston lead the country in job creation for 2019 as each welcomes more than 100,000 new roles, support-ing both business and leisure...
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Supply Boom Weighs on Occupancy in Dallas; Smaller Metros Attract Buyers Occupancy declines in major Texas markets amid growing hotel supply and readjustments from the hurricane. Hurricane Harvey lifted occupancy considerably in 2018. The rate will fall slightly this year as room nights adjusted...
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Houston’s Recovery Bodes Well For Hotel Property Performance A variety of forces are propelling hotel occupancies in Texas. The state continues to generate strong occupancy and RevPAR gains, primarily led by the Houston market. Though Hurricane Harvey boosted occupancy and revenue metrics as dis-...
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Hurricane Boosts Hotel Performance; Supply Additions Bring Challenges Robust pace of completions softens major metros’ occupancy. Texas hotels ended 2017 on a high note as residents displaced by Hur-ricane Harvey sought temporary housing, filling rooms across the state and boosting occupancy and...
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Texas Hotels Feel Impact of Hurricane Harvey Displaced residents from Hurricane Harvey seek shelter in Texas hotels. This year is expected to end on a high note for hotels, though at the end of the second quarter, occupancy declined year over year. Nearly all the major state metros, with the...
