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Hurricane Harvey impact on hotel markets

Staff Writer | September 13, 2017
All Houston hotel submarkets reported occupancy growth after the initial days of Hurricane Harvey.
Harvey hotel
Hospitality   Significant occupancy decreases
However, four of 13 STR-defined submarkets reported a year-over-year occupancy decline during the nine-day period analyzed by STR’s Consulting & Analytics department.

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.


 

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