Extended Stay hotels continue to be a favorite for developers
Since 2022, Extended Stay hotel supply increased by an average of 3%
The chart data and text in this article were corrected on Nov. 15 to reflect extended stay properties only and not all traditional hotels as originally published.
Austin’s hotel industry experienced record-breaking performance in October
A unique convergence of high-profile events drove hotel performance
October ended with a bang for hotel operators in Austin, Texas, as a few high-profile events drove record performance over the last few weeks of the month. Notably, the annual Form...
Hotel performance shows mixed results during two-weekend run at Austin City Limits Music Festival
Calendar shifts, changing market dynamics play role in year-over-year performance
Hotel performance during the iconic Austin City Limits Music Festival, which transformed downtown Austin’s Zilker Park in October, painted a complex picture for the local hotel ind...
Hotel market bifurcation drives two Texas cities differently
Dallas luxury-class hotels lead city performance while mid-tier hotels show strength in Houston
The Texas hotel market is experiencing a divergence between its two largest cities, highlighting a broader trend of market bifurcation across the U.S. hospitality sector.
Investors and operators remain 'cautiously' optimistic at this year’s Lodging Conference
Industry leaders discussed challenges and opportunities for 2025
With 2025 quickly approaching, the hotel industry was abuzz in Phoenix in the first week of October. Over 2,900 industry leaders, hotel owners, investors and decision-makers attend...
Upper-tier hotels continue to make their mark across the US
A review of the largest markets shows sizable growth for this room segment
Looking ahead to 2025 and beyond, construction pipelines are heating up for higher-end hotels. Across the U.S., more than 25,000 new upper-tier rooms classified as luxury and upper...
Momentum shows no signs of slowing in San Antonio’s Pearl District
The Pearl has secured several recent victories of late
San Antonio’s popular Pearl District continues its expansion, developing in seemingly all directions as 2024 marches on.
Midtier class hotels lead construction activity in Texas
Over the last 10 years, development has increased by 42%
In the past 10 years, midtier hotels have led hotel construction in Texas. Over a 10-year period, the number of midtier hotel rooms, categorized as upper and upper midscale, increa...
The west Texas city of El Paso sees largest hotel room increase in 10 years
Over 600 rooms are under construction, with more on the way
Hotel development in El Paso, Texas, has grown steadily after a slowdown between 2018 and 2023, which resulted in low new room completions. In fact, no new hotels opened in 2022 an...
Three Texas hotels receive coveted Two Key Michelin Guide rating
Austin, Fort Worth and San Antonio hotels are named for their exceptional stays and unique locations
Earlier this month, the Michelin Guide announced the latest additions to its list of One, Two and Three Key hotels in the United States, with 20 in Texas.
Large hotel franchise brands lead room growth in Texas
But independent hotels make their mark
Ranking the top 10 hotel brands by the number of opened rooms from 2019 through August 2024 in Texas shows that parent company Marriott International Inc. brands dominate the Texas...
New Orleans posts substantial group occupancy lift in July
Midweek occupancy rises on Thursday as group travel increases in the French Quarter
Seasonally, July is generally a quieter month for leisure and group travel in the French Quarter, which is typically the main hub for New Orleans entertainment and tourism in the f...
Houston pulls ahead among groups for conventions and conferences
While Dallas was the king of spring for group travelers, Houston gains traction in summer months
Group travel to hotels is crucial in Texas, as the combined group demand for upper-tier hotel rooms from its four largest metropolitan areas (Houston, Dallas, San Antonio and Austi...
Hotels and Other Factors Drive Central Business District Performance
Analysis of Top 25 Markets Hotel Occupancy Compared to Office Leasing Reveal Diverging Trends
While office leasing and hotel occupancy are closely related at the market level, the performance dynamics of these property types in central business districts diverge.
Projects Take Shape in Downtown Atlanta Ahead of Expected Tourism Influx
The 2026 World Cup Provides a Deadline for Some New Development
Downtown Atlanta is experiencing a surge in investment not seen in decades. In the summer of 2026, the city will host eight World Cup matches, including a semifinal game, at its Me...
Office Leasing and Hotel Occupancy: A Symbiotic Relationship
Among Top 25 U.S. Hotel Markets, Office Leasing and Hotel Occupancy May Go Hand in Hand
In recent years, the office leasing landscape has experienced significant transformations due to the increasing prevalence of remote work and the changing nature of traditional off...
As West Texas Ramps Up Oil Production, Will Hotels Reap the Benefit?
Occupancy Growth Hit 8% in April, Signaling a Potential Boom for Hotels
While demand for hotel accommodations has experienced some moderation in the past year, it has now rebounded to its highest levels since peaking in 2018. Nevertheless, the growth i...
Construction Declines Across Most Property Types in San Antonio
Developers Are Bringing Less to Market in the Alamo City, With Hotels Proving To Be a Notable Exception
Headwinds for commercial construction remain strong in 2024, even in fast-growing San Antonio. Specifically, multifamily and retail construction activity is down from last year, bu...
High Share of Group Demand Spurs Convention Center Upgrades
Most Completed Convention Center Projects Experienced Double-Digit Group Demand Increase
Hotel room demand generated through conferences and conventions significantly drives overall hotel performance in many convention center destinations. However, convention center re...
Commercial Construction Declines in the Rio Grande Valley, Except for Hospitality
Despite Strong Occupancy and Economic Growth in the Area, Development Slows
Though 2024 is only halfway done, it is already clear that the year is shaping up to be one of the slowest in at least a decade in terms of project completions. Commercial real est...