San Antonio's turf war with Dallas; Austin to woo more hotel guestsSan Antonio's turf war with Dallas; Austin to woo more hotel guestshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=142362016-08-23T05:00:00Z2016-08-23T22:00:00Z

​​​SAN ANTONIO, AUSTIN, DALLAS -  Hotel operators in the San Antonio metro area sold 4.2 percent more room nights in second quarter 2016​ than during the same three-month period in 2015, in Source Strategies latest Hotel Brand Report.​ 

While it’s a step in the right direction for a city that needs to regain more market share, other Texas destinations have experienced bigger gains.

Dallas saw a 7.2 percent increase in hotel room nights sold in 2Q 2016.

The increase in Austin was nearly as impressive at 6.1 percent, according to Source Strategies Inc.’s latest Hotel Brand Report​.

Dallas and Austin also filled a larger percentage of their existing hotel rooms and generated more revenue per available room than San Antonio during 2Q 2016.

The occupancy rates in the Dallas and Austin metro areas were 73.5 percent and 72.9 percent, respectively.

The 2Q 2016 occupancy rate in metro San Antonio, which has about 28,000 fewer hotel rooms than the Greater Dallas area, was 65.9 percent.

Metro San Antonio hotel operators generated $75.46 in revenue per available room and commanded an average daily room rate of $114.51 in 2Q 2016.

The Austin​​​​ market, which has about 13,000 fewer hotel rooms than metro San Antonio, is adding inventory at an impressive rate to keep up with rising demand. 

Dallas Business Journal
Dallas-Fort Worth-Arlington

​​See Dallas Hotel Market Research​.

See San Antonio Hotel Market Research.

See Austin Hotel Market Research. ​

Read more at the {Source}

 Search NewsTalk Texas