Author name: Paul Vaughn

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.

During the first quarter, local hotel revenue plunged 22.2 percent to $277 million, the steepest drop among Texas’ major metros, according to Source Strategies, a San Antonio-based hotel consulting firm. Revenue per available room, a key measure of hotels’ performance, was $62.16, down $17.10 from the same period last year. Some distressed properties, unable to

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

Longview News-Journal: Revenues grew at a percentage rate higher than the state average for Longview-area hotels during the third quarter compared with a year ago, and the occupancy rate increased, too, according to a report issued by a hotel consultancy firm. Source Strategies Inc. of San Antonio said revenues were up 13.8% for the Longview

The Houston Chronicle: The Marriott between NRG Stadium and the Texas Medical Center reopened its doors last week, boasting a new lobby bar, an updated exterior and rehauled bathrooms, the result of a $6 million renovation. Across town, the owner of the Hilton Houston North in Greenspoint announced it would spend $35 million stripping its