The hotel industry should reach an average occupancy of 75% next year, or higher than any other city in Texas.
That’s also the highest rate this city famous for the Alamo has seen in a decade, a consultant told the San Antonio Express-News McClatchy-Tribune Business News
The city’s good fortune stems from it not overbuilding hotels, and the lack of new competition keeps occupancy rates high, said John M. Keeling, senior vice president of PKF Consulting in Houston.
On the other hand, San Antonio is expected to have fewer conventions this year than in the past.
Leading the way, occupancy-wise, were hotels near the San Antonio International Airport, which are going along at an expected 78% occupancy rate.
San Antonio also is expected to have one of the highest revenue-per-room averages, at $75.29 in 2007, followed by Dallas at $74.19 and Austin at $69.78.
Report by David Wilkening
