Austin hotel market 'heartiest' in Texas Austin hotel market 'heartiest' in Texas https://www.recenter.tamu.edu/news/newstalk-texas/?Item=202482018-06-01T05:00:00Z2018-06-01T14:00:00Z

​​​​​AUSTIN – The Texas Capital is ranked as the "heartiest" hotel market in the state in an analysis from Source Strategies Inc. 

​​​​​​​On average, local hotels brought in $109.29 of revenue per available room in first quarter 2018. The average daily rate was $146.89, higher than the statewide average of $106.31 per day. 

​Occupancy rates stood at 74.4 percent on average​​​, the second highest in the state after Midland-Odessa. ​​

The analysis said demand boosted revenue to $404 million, a 13 percent jump from the same time last year. 

​​Source Strategies argues the Austin market is undersupplied but noted there are more rooms coming down the pipeline to address that demand.  ​

Austin Business Journal
Austin-Round Rock
https://www.bizjournals.com/austin/news/2018/06/01/austin-home-to-states-most-robust-hospitality.htmlRead more at {Source}

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