Killeen hotel stats show more revenue, rooms in 1Q 2014Killeen hotel stats show more revenue, rooms in 1Q 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=40442014-06-03T11:29:00Z2014-06-03T00:00:00Z

KILLEEN-TEMPLE-FORT HOOD - Area hotels and motels experienced a strong first quarter 2014, posting an average occupancy of 60.2 percent, up from 52.7 percent in 1Q 2013. The change in percentage amounted to 36,000 more night stays in area hotels than in 1Q 2013.

While the gains are good, 2013 was an abnormal year for hotels in the area. Sequestration, government spending cuts and furloughs took a toll on hotels in the Killeen area, said Rich Bertin, a general manager of Residence Inn by Marriott in Killeen.

The industry saw a 16.5 percent, or $2.4 million, increase in revenue, compared to 1Q 2013. In just Bell County, 75 hotel rooms were added to the market between 2013 and 2014, and the industry experienced a $2.3 million revenue increase in the county.

Coryell County hotels, which lost one room, had a $242,000 increase in revenues, while Lampasas County revenues declined by $154,000 with no rooms lost or gained.

For more stats on all counties and MSAs, see Source Strategies under the hotel category in Market Data Sources.

Killeen Daily Herald
http://kdhnews.com/business/local-hotel-occupancy-revenue-climbs-during-first-quarter/article_95c5d92e-e94b-11e3-afe5-001a4bcf6878.htmlRead more at {Source}

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