In October 2002, occupancy rose 3% to 65% from 62%; average room rate dropped 3.3% to $91.56 from $94.71; and RevPAR was up 1.4% to $59.56 from $58.75. The numbers were reported by PKF Consulting, which monitors the hotel industry.
San Antonio's CBD, which had the highest numbers in October 2001, had the smallest increases. Occupancy was up a meager 0.7% to 70.1% from 69.3%. Both average room rate and RevPAR were down. The average room rate dropped 4.3% to $118.31 from $123.64 and RevPAR fell 3.2% to $82.94 from $85.70.
The biggest increases came in the city's south submarket. RevPAR in the submarket's hotels and motels leaped 31.8% to $31.78 from $24.11; occupancy jumped 11.8% to 54.1% from 42.3%; and average room rate increased 3% to $58.69 from $56.97.
A recent report on the convention outlook for 2003 from UBS Warburg said San Antonio may be one of several cities looking at decreases on convention business. The report, based on advanced bookings, echoes concerns expressed by San Antonio hospitality officials about the city's convention business in 2003 and 2004.
So far, they've tried to spark tourist business by increasing advertising spending and running specials. The San Antonio Area Tourism Council is promoting a package that includes hotel and admission to tourist sites and is designed to bring visitors to San Antonio for the holidays.
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