May 27, 2020

Metro San Antonio gained 1,000 net new hotel rooms in the fourth quarter of 2019, and there are indications that supply is beginning to outpace demand. The number of room nights sold in October through December increased less than 1% compared to the same period the previous year, according to data provided by San Antonio-based […]

Hotels in the three-county metropolitan area enjoyed strong gains in revenues and occupancy throughout 2019, according to a report.Source Strategies Inc. of San Antonio reported hotel revenues increased by 14% to about $34.3 million in 2019 compared with 2018. The occupancy rate within Longview increased in 2019 by 4.3% to 59.9%. Within the Longview metro

Financially speaking, Austin’s hotels collectively clobbered their bigger-city Texas rivals last year, according to a new report.The report, released March 3 by San Antonio-based hotel consulting firm Source Strategies Inc., shows hotels in the Austin metro area dominated the state’s revenue-generation leaders last year. Austin claimed 30 of Texas’ 100 highest-revenue properties, followed by Dallas-Fort

The best and highest use of the site is a hotel because of its proximity to the Texas State Capitol and the University of Texas at Austin, the property owners said. The site also doesn’t have enough space for the amount of parking that an apartment tower would require. Source: Another luxury hotel tower pitched