Austin hotels gain metro-leading 5.6 percent in 1Q 2016

​​​​AUSTIN – Room-nights-sold gained a metro-leading 5.6 percent in first quarter 2016 (1Q 2016), without the legislature being in session. 

Also influenced by a 3.1 percent price rise, metro revenues gained 8.9 percent to $331 million. Occupancy slipped 0.8 points to 75.6 percent, due mostly to a 6.7 percent supply increase. 

In 1Q 2016, Austin’s $331 million revenues were 14 percent above nearby San Antonio—in spite of having 26 percent fewer rooms for rent.