SAN ANTONIO—By year-end 2017, San Antonio hotels are forecast to have a revenue per available room increase of 3.9%, more than the national projection of 3%, according to data from CBRE Hotels' Americas Research. The RevPAR increase is the result of an estimated 1.3% occupancy increase and a 2.6% gain in average daily room rates.
“With Houston's market still in decline, and the Austin and Dallas-Fort Worth markets flattening out due to large hotel room supply increase, San Antonio is becoming a more attractive destination in Texas for hotel investors. A very small new hotel room supply pipeline and increasing hotel demand will help drive hotel RevPAR growth for the next few years,” said Michael Yu, senior vice president, CBRE Hotels.
San Antonio market occupancy rate levels are forecast to range from 62.4% for lower-priced hotels to 70.2% for upper-priced hotels in 2017.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
