Hurricane Harvey impact on hotel marketsStaff Writer | September 13, 2017
All Houston hotel submarkets reported occupancy growth after the initial days of Hurricane Harvey.
Hospitality Significant occupancy decreases
Additionally, significant occupancy decreases were reported in the southern Louisiana area.
The four Houston submarkets to report an overall occupancy decline from 25 August through 2 September were the Houston CBD (-23.2% to 46.3%), Houston Galleria/Greenway Plaza (-4.3% to 57.2%), Beaumont (-12.2% to 55.4%) and Galveston/Texas City (-21.4% to 41.9%).
Galveston, which is a submarket of less than 7,000 rooms, reported the largest performance drop over the nine-day stretch, with revenue per available room down 42.1% to $41.30.
The Houston North/Woodlands and Houston George Bush Airport Area submarkets saw the largest occupancy increases at 42.3% and 38.3%, respectively.
In Louisiana, the Louisiana South and New Orleans markets saw occupancy decreases of 38.3% and 22.6%, respectively. ■