| Looking at hotel revenue 2018: Austin, DFW, Houston, San Antonio | Looking at hotel revenue 2018: Austin, DFW, Houston, San Antonio | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=20543 | 2018-07-10T05:00:00Z | 2018-07-10T22:55:00Z | AUSTIN-ROUND ROCK – By pretty much every metric available, Austin’s hotel market is the strongest in all of Texas—and one of the most robust in the entire nation.
That’s according to a new report from Source Strategies, a San Antonio-based hotel consulting firm. Revenue at hotels in the Austin-Round Rock-San Marcos metro area was up 13 percent year over the year in the first quarter. Average occupancy was 74.4 percent—the second-highest occupancy rate in the state. The average room rate was $146.89—more than any other Texas city. In addition, revenue per available room (REVPAR)—the total room revenue for a particular period divided by the average number of rooms available in a hospitality facility—was off the charts, coming in at $109.29.
| Austin American-Statesman
| Texas
| Hotel
| https://www.mystatesman.com/business/austin-hotel-market-state-strongest/olcuDjEqSkIca7GKxsgxlO/?ref=cbTopWidget | | | | Read more at the {Source} |
