KXAN: Austin hotel occupancies still down by 50%

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Hotel occupancies in Austin still down by 50%, but prices stay high for big events

From KXAN Austin:

The lack of business travel is also hitting home, according to travel experts.

“Austin revenues for the lodging market are down 46% still,” said Paul Vaughn, senior vice president for Source Strategies.

Source Strategies, a San Antonio-based hotel consulting firm that tracks the Texas market, put out a recent report that shows first-quarter lodging revenues for 2021 were also down by 31% compared to quarter one in 2020.

This continues to be the largest percentage drop of the five largest metros in Texas, according to Source Strategies.

Read the full article or watch the video on the KXAN website: Austin hotel occupancies still down by 50%[/vc_column_text][/vc_column][/vc_row]