Battle of hotel revenue: Austin surpasses Alamo City
SAN ANTONIO - For the first time, according to industry tracker Source
Strategies Inc., Austin-Round Rock passed up the Alamo City, generating
more hotel revenue than a market so heavily dependent on the tourism
sector.
Austin hotels generated more than $315 million in second quarter of 2015 — an 18.1 percent improvement over the same
three-month period the previous year, according to Source Strategies’
latest Hotel Brand Report.
San Antonio’s hotel industry generated $299 million in revenue in 2Q 2015 — a 2.3 percent decline from 2Q 2014.
Austin
is outperforming San Antonio in another critical area — REVPAR, or
revenue per available room. Austin’s hotel industry eclipsed $105 in
REVPAR in 2Q. San Antonio hotels generated just over $71 on average in
revenue per available.
*Metro Areas include seven metros with revenue gains exceeding 7%
Get more hotel data for Texas cities, MSA’s and counties from Source Strategies.
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