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CBRE: Investor demand for San Antonio hotels growingCBRE: Investor demand for San Antonio hotels growinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=171242017-07-14T05:00:00Z2017-07-14T16:00:00Z

​​SAN ANTONIO – By year-end 2017, local hotels should have a revenue-per-available-​room (RevPAR) increase of 3.9 percent, more than the national projection of 3 percent, according to data from CBRE Hotels’ Americas Research.

The RevPAR increase is the result of an estimated 1.3 percent occupancy increase and a 2.6 percent gain in average daily room rates (ADR), reports CBRE. Local market occupancy rates are forecast to range from 62.4 percent for lower-priced hotels to 70.2 percent for upper-priced hotels this year.

“With Houston’s market still in decline, and​ the Austin and Dallas-Fort Worth markets flattening out due to large hotel room supply increase, San Antonio is becoming a more attractive destination in Texas for hotel investors," said Michael Yu, senior vice president, CBRE Hotels. "A very small new hotel room supply pipeline and increasing hotel demand will help drive hotel RevPAR growth for the next few years.”

“San Antonio’s new room supply will increase by only 1.9 percent over the next 12 months, which is well below the long-term average of approximately 3.1 percent,” said Dennis Drake, senior associate, CBRE Hotels.

CBRE
San Antonio-New Braunfels
Hotel
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