IRR Dallas hotel viewpoint 2015IRR Dallas hotel viewpoint 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=11072015-05-08T14:48:00Z2015-05-06T00:00:00Z

DALLAS - As a leading center for business and industry in the southwest region of the country, Dallas consistently generates demand for hotels.

The improving economy and the expansion and relocation of business to the Dallas metro area have helped to drive occupancy among both full-service and limited-service hotel properties.

In 2014, occupancy and average daily rates were at their highest levels in the last five years.

Occupancy is expected to increase slightly in 2015 and demand should continue to push daily average rates slightly upward.

In the suburban areas of the Dallas metro, office and retail are the foundation of the lodging demand.

Although construction within the lodging sector has lagged in recent years, the trend appears to be shifting and an estimated 1,000 new rooms are slated in the coming year.

Notable new projects include the redevelopment of the 21-story 1700 Commerce building in downtown Dallas into a high-rise hotel and plans for a boutique hotel within the recently announced $700 million luxury, mixed-use development in Frisco known as The Gate.

The overall economic strength and the expansion of business in the region will continue to drive the expansion of the lodging sector in Dallas.

Dallas Hotel 2015
  Full Service
Limited Service
Lodging rate ($/room) $127 $69
Occupancy rate 68.4% 69.3%
Lodging rate change 3.75% 3.50%
Expense change 3.00% 2.75%
Construction (rooms) 1,000

Save time, click here for Integra Hotel 2015 Viewpoint Report.

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