Longview News-Journal: Oil Recovery Fueling Hotel Revenue

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: Oil industry recovery fueling hotel revenue, rebound, “Longview hotel room revenues increased 10.1 percent from a year ago to $10.09 million while the estimated occupancy rate increased to 54.6 percent from 51.7 percent, according to the report from industry tracker Source Strategies.”

Source Strategies, Inc. is the leading hotel consultancy in Texas and has been tracking hotel data for decades.

The News-Journal’s Ken Hedler interviewed Source Strategies Senior Vice President Paul Vaughn for the piece:

“That is a nice, healthy jump from one year to the next,” said Paul Vaughn, analyst and senior vice president with the San Antonio-based firm. “We are seeing that in several of the different smaller metros and rural parts of the state.”

Read the full article, Report: Oil industry recovery fueling hotel revenue, rebound, in the Longview News-Journal.