Tech firms worry after exec arrested
The arrest of a high-profile
saw the biggest surge in the quarter, with revenue climbing from $57 million to $102 million, according to the report. Meanwhile, receipts fell 6.8 percent in the Houston area, which saw a spike in demand after Hurricane Harvey last year. Many hotel and condo properties are still out of service in the Corpus Christi metro area, where revenue dropped 16 percent, Vaughn said.
Statewide, hotel business slowed, with revenue rising 4.7 percent to $2.9 billion after four straight quarters of double-digit growth.