Ho­tels’ rev­enue up in 3rd quar­ter

Ex­pert says S.A., most metro ar­eas of Texas helped partly by good econ­omy

San Antonio Express-News - - BUSINESS - By Madi­son Is­zler

San An­to­nio ho­tels raked in about $19 mil­lion more be­tween July and Septem­ber than they did dur­ing the same stretch last year.

Ho­tels and mo­tels in the metropoli­tan area gen­er­ated about $342 mil­lion in rev­enue in the third quar­ter, ac­cord­ing to a re­port by Source Strate­gies Inc., a San An­to­nio-based ho­tel con­sult­ing com­pany.

Rev­enue per avail­able room, a key mea­sure­ment of ho­tels’ per­for­mance, was $74.88 — the sec­ond high­est among the state’s ma­jor metro ar­eas.

“There’s not an over­abun­dance, and ho­tels are still get­ting a high amount of rev­enue,” said Paul Vaughn, se­nior vice pres­i­dent at Source Strate­gies. “There’s a pretty good balance be­tween sup­ply and de­mand.”

San An­to­nio and most of the state’s other ma­jor metro ar­eas ben­e­fited from a strong state econ­omy and high crude oil prices in the third quar­ter, he said.

City Coun­cil mem­bers ap­proved a “tourism pub­lic im­prove­ment district” Thurs­day, with the goal of bring­ing in more

rev­enue to pro­mote San An­to­nio and its at­trac­tions to vis­i­tors. It’s ex­pected to gen­er­ate $10.4 mil­lion in its first year through a new ho­tel fee.

Ho­tels in Mid­land and Odessa

Cour­tesy Ho­tel Emma

Lo­cal ho­tel rev­enue per avail­able room in the third quar­ter was $74.88, the sec­ond-high­est in Texas’ ma­jor metro ar­eas.

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