San Antonio hotels’ 2Q revenue surpassed 2019 figure, even as occupancy lags pre-pandemic level
The Hyatt Regency San Antonio Riverwalk hotel recently recently completed a $38 million makeover. Revenue at area hotels for the second quarter was up year over year and compared to the second quarter 2019 — before the COVID-19 pandemic.Recent quarterly revenue at hotels in San Antonio and statewide has surpassed pre-pandemic levels, as higher room rates and increased inventory appear to more than compensate for occupancy rates that are still slightly lagging.
Revenue per available room per day, or RevPAR — a key measure of hotels’ performance — was also up at $84.10. That was the second-highest among Texas’ major cities during the three months ended June 30, with Austin clocking in at $125.11. Local RevPAR was $69.25 in second quarter 2021 and $78.87 in second quarter 2019.
Group and corporate travel, along with conventions, are rebounding at a slower pace, and business at downtown hotels is lagging behind some suburban properties, he said. Hoteliers in Dallas collected $746.2 million in the second quarter, up 17.9 percent from the same period in 2019. In the Fort Worth-Arlington area, they took in $341 million, up 24.4 percent.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former San Antonio bank executive gets 97 months in prison for masterminding massive fraud schemeA former San Antonio bank executive gets 97 months in prison for masterminding massive fraud scheme
Read more »
Labor Secretary wants more federal money for San Antonio job trainingThe Department of Labor gave the city $3 million a month ago to fund local apprenticeships. Its top official wants to give even more.
Read more »
Two San Antonio school districts call for bond election on Nov. 8Two school districts have called for a bond election that would fund new school facilities and increase safety and security in schools.
Read more »
San Antonio Zoo to host 37th Annual Zoo RunThe San Antonio Zoo will host its 37th Annual Zoo Run Relay in September.
Read more »
San Antonio culinary professionals weigh on FX hit The Bear's depiction of the food businessSix San Antonio foodservice pros give their perspectives on the show's accuracy and what they think the show conveys to viewers outside the industry. SanAntonio SATX SanAntonioTX TheBear TheBearFX SanAntonioFood SanAntonioRestaurants restaurant
Read more »