September 23, 2020

The Texas hotel industry suffered its worst decline on record in the second quarter as business and leisure travel ground to a halt in the early months of the pandemic and very little has returned. Statewide hotel revenue plunged 64 percent compared with the year earlier to $1.2 billion, according to new data from San

A report released September 15 by Texas hotel consulting firm Source Strategies Inc. shows hotel revenue in the Dallas area plunged 72.9 percent in the second quarter of this year versus the second quarter of last year. The occupancy rate sank to 32 percent, down from 72 percent in the second quarter of last year.