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Houston Hotels Excel Compared to Other Major Texas Markets

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  • 2 weeks later...

Houston breaks pre-Covid hotel record in 2023 - Houston Business Journal (bizjournals.com)

"More than 23 million hotel room nights were booked during 2023, up 5.2% from 2022. Occupancy across the city rose 5.6% year over year, while average daily rate and revenue per available room — both benchmark measures of hotel performance — rose 6.3% and 12.3%, respectively.

Overall revenue and, in turn, hotel occupancy tax collected reached a new record in 2023, up 15% over the previous record set in 2018, Houston First said."

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