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Mini-Suites aren't in a boxMini-Suites aren't in a boxhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=39732014-06-10T07:03:00Z2014-06-10T00:00:00Z

TEXAS - Source Strategies Inc. has released the first quarter report 2014 on hotel activity in Texas.

In the product category, all segments improved revenues in 1Q 2014, with Mini-suites exceeding 10 percent on the strength of supply additions.

The largest segments, Upscales and Limited Service, gained at lower rates. Independents continued to rise on the strength of unbranded new lodging in oil and gas production areas. 

Texas Hotels by Product Category
Segments Hotels Rooms
(000's)
Revenues
(000's)
Change* Occupancy
Luxury 9 3.8 64,641 9.0% 71.3%
Upscale 95 41.1 447,180 5.2% 72.9%
Suites 186 24.5 224,010 9.9% 74.4%
Mid/Upscales 276 48.7 367,184 9.3% 70.2%
Mini-Suites 275 23.8 131,942 13.1% 67.1%
L.S./Midscales 1,049 84.4 476,635 6.7% 67.5%
Extended Stay 197 25.8 73,440 9.0% 71.4%
Budget 958 68.7 185,667 8.6% 60.0%
Total Brands 3,045 320.8 1,970,699 7.9% 68.0%
Total Independents 1,593 85.5 329,617 11.2% 57.1%
Total Market 4,638 406.3 2,300,316 8.4% 65.7%

*Change is the percent change in revenue versus 1Q 2013.

Source Strategies Inc.
Texas
Hotel
http://www.sourcestrategies.org/texas/reports/txt14q1msa.pdfRead more at {Source}

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