Jun 10, 2014
Mini-Suites aren’t in a box
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...
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.
| 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.
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