SAN ANTONIO – The metro’s hotel industry is facing a long road to recovery, according to new forecasting data from CBRE.
Occupancy is expected to drop to 47.2 percent over the next four quarters—well below the 2019 average of 65.9 percent occupancy.
The average daily rate was $114 last year. It is expected to drop 12.9 percent over the next four quarters and be south of $92 by the end of 2020.
The amount of revenue per available room is projected to fall just under 50 percent.
Get more San Antonio-area hotel news on the Real Estate Center's website.
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