Woodlands sees hotel revenue dropWoodlands sees hotel revenue drophttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=142332016-09-02T05:00:00Z2016-09-02T19:35:00Z

​​THE WOODLANDS - As the oil and gas industry continues to suffer from low crude oil prices, hotels in The Woodlands are struggling to fill rooms and book conferences. ​

The Woodlands has 14 hotels, including the two that debuted this year. 

The Embassy Suites at Hughes Landing and the Westin The Woodlands added about 500 hotel rooms just as bookings began to slow.

The Woodlands Township's hotel occupancy tax revenue fell nearly $600,000—or 13 percent— below what was budgeted for the first half of 2016, reflecting a softening market for hoteliers.

Fred Domenick, general manager for The Woodlands Waterway Marriott Hotel and Convention Center, said that his hotel has felt the effects of the oil downturn, as well as an added softening from the two new hotels that joined The Woodlands market in 2016. ​
Houston Chronicle
Houston-The Woodlands-Sugar Land

See quarterly data for Houston hotel revenue at Source Strategies.​​​​

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