What's fueling increased growth in Houston's hotel demand?What's fueling increased growth in Houston's hotel demand?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=62452013-09-24T08:33:00Z2013-09-24T00:00:00Z

HOUSTON - Houston’s hotel industry is set for new heights, according to NewsTalk Texas’ Houston hotel supply, demand, and occupancy update. Numerous factors are driving the predicted increase in demand, including:

  • the booming oil & gas industry;
  • convention activity, which is expected to get a major boost when the 1,000-room Marriott Marquis convention center hotel is completed in 2016;
  • Exxon Mobil Corp.'s new corporate campus in Springwoods Village;
  • Southwest Airlines' new international terminal at Hobby Airport, set for completion in 2015; and
  • major sporting events on the horizon, including the NCAA Final Four in 2016 and the Super Bowl's return to Houston in 2017.

In addition to the Marriot Marquis, Houston-area hotels on the horizon include four others downtown:

  • 200-room Westin Houston Downtown (formerly the Inn at the Ballpark) is set to open Oct. 10, 2013;
  • Holiday Inn Flagship, on the site of the former Savoy Hotel on Main St.;
  • 250-room JW Marriott, scheduled for completion in 2014; and
  • 166-room SpringHill Suites, by mid-2015, which will accompany the current 191-room Courtyard Houston Downtown Convention Center and the 171-room Residence Inn Houston Downtown Convention Center.

In addition to downtown, the increase in rooms will be concentrated in the energy corridor and the Galleria/Greenway area.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/news/2013/09/19/oil-gas-new-convention-center-hotel.htmlRead more at {Source}

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