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…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 Waco Tribune-Herald reports on the state of the area’s vacation rental business in an article entitled Vacation rentals double revenue over last year, riding Magnolia’s coattails published on October 3rd. Special attention is given to how this increases the Waco Occupancy Tax revenues. While the story focuses on AirBNB and VRBO-type properties, deeper in…Details
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…Details
The San Antonio Business Journal again looked at the state of the San Antonio lodging market with the help of Source Strategies, Inc., the leaders in Texas Hotel Data Analysis. Using data from Source Strategies, the Business Journal’s W. Scott Bailey notes the positive trends in San Antonio hotels: Texas hotel room revenues surpassed $2.7…Details
The Longview News-Journal looked at the Second quarter findings from Source Strategies’ Hotel Brand Report and found some positive indicators. The latest issue of the Hotel Brand Report covers the second quarter of 2017. Longview, in the northeast part of Texas, has had a slow market for several years. As noted in the article Report:…Details
The San Antonio Express-News reports that while the city’s hotels saw a slow July 4th weekend, they are seeing a strong start to 2017. In the article “San Antonio hotels see slow Fourth of July weekend but visitors still coming“, Express-News reporter Joshua Fechter presents an overview of Summer holiday travel in the Alamo City,…Details
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
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