The Fort Worth Business Press reports on the current boom in downtown Fort Worth hotel development, noting that more than a thousand new rooms will be available in then coming years. These are the first new hotels in downtown Forth Worth since the Omni Fort Worth Hotel opened in 2009. The Fort Worth Convention &…Details
Source Strategies maintains the most accurate and comprehensive Texas hotel database, covering 98% of all hotels. Source’s proprietary data is based on the Texas State Comptroller audited tax files making it more accurate and complete than voluntary samples.
Using this hotel trends data we keep our fingers on the pulse of the lodging industry in Texas.
The San Antonio Express-News reports that the city’s hotel revenues increased more than 10 percent in the First Quarter of 2017, turning around the Texas market share declines of recent years. In the article “San Antonio hotel revenue pops 10% in 1Q on higher room rates, bookings“, Express-News reporter Joshua Fechter interviewed Source Strategies Senior…Details
Best Western’s new SureStay white label is heading for a big push in the Texas lodging market this year. This new brand covers three segments of the market and is aimed at hotel conversions instead on new builds. This new brand will pull double duty: providing an out for aging Best Westerns and conversions of…Details
The opening of the Element by Westin Huntsville highlights an emerging new trend in the lodging industry. The Element is on the top floors of the hotel complex of the AAA Four Diamond Westin Huntsville. While the Westin and Element by Westin are both Marriott brands, this is the first dual brand hotel complex in…Details
The Stella Hotel, the first independent, upscale boutique hotel in Bryan-College Station, Texas, is set to open on Thursday, April 6. This 176-key property, managed by Trust Hospitality, brings together a unique blend of music, art, design, and service, providing guests with an authentic Texas experience that is both stimulating and comfortable. The hotel sports…Details
The Dallas Business Journal reported on the health of the area’s lodging industry and reported the good news: Metro Dallas hotel revenues were up 8.6% over the previous year. Staff Writer Korri Kezar interviewed Source Strategies’ Senior Vice President Paul Vaughn for the article: According to the Hotel Brand Report published by San Antonio hotel…Details
The Sabine County Economic Development Agency recently reached out to Source Strategies to find out if a Sabine County hotel project would be economically viable in this East Texas community. Source Strategies, Inc. authors more than 100 financial feasibility studies for hotels every year and banks and developers rely on they to assess the value…Details
The Longview News-Journal reports on the continuing weakness in the lodging industry in the east Texas metro, spurred by data from Source Strategies, Inc., the leading hotel consultancy in Texas. Factors include the continuing softness in the oil and gas-producing areas of Texas as well as an oversupplied market. This information is presented in great…Details
The San Antonio Business Journal featured an article about the current state of the San Antonio hotel and lodging industry. Using data from Source Strategies, the Business Journal’s W. Scott Bailey points out an area of concern to the city’s market: New data from San Antonio-based consulting firm Source Strategies Inc. indicates that the metro…Details