Tag: Austin
CBRE Forecasts Growth for Austin Hotel Market
AUSTIN—In 2018, demand in the Austin hotel market remained steady, although it declined slightly from 2017, with an overall rise in average daily room...
Uptown Suites Opens First Property in Texas
AUSTIN, Texas—Uptown Suites has announced the opening of its fifth extended-stay property, located outside of Austin in Round Rock, Texas. This location marks the...
Austin Hotels Record a Banner Month in October Thanks to F1 Grand Prix COTA
Key Performance Indicators
October 2018 vs. October 2017
RevPAR: +4.3% to $214.45
TRevPAR: +3.4% to $299.10
Payroll: +0.2 pts. to 22.1%
GOPPAR: +3.5% to $164.03
U.S. hotels recorded their highest...
How Canopy by Hilton Identifies ‘It’ Neighborhoods Nationwide
Hilton's neighborhood-centric lifestyle brand has been on the move. After establishing its flagship location in Reykjavik, the brand entered the United States, opening two properties...
CBRE Research Provides Forecast Into Austin’s 2019 Hotel Market
AUSTIN—New hotel rooms coming onto the U.S. market shouldn’t be a concern for established hotel operators because demand will continue to exceed moderating new-supply...