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.
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