Guests in San Antonio are checking in to one of the most profitable hotels in the state, experts say.
A new report from San Antonio-based hotel consulting and research firm Source Strategies Inc. indicates nine of last year's top 100 Texas hotels for revenue per available room (RevPAR), a key metric of financial performance in the hotel industry, were in San Antonio.
Topping the revenue list for local hotels was Hotel Emma, which ranked No. 3 statewide, with RevPAR of $287.27. It's hardly surprising, considering the Emma's reputation as one of the best hotels in the world.
Joining it in the top 100 were Mokara Hotel and Spa ($200.94, ranked 26th); La Cantera Hill Country ($189.92, ranked 32nd); JW Marriott Hill Country ($184.47, ranked 38th); Hotel Contessa ($172.89, ranked 54th); Embassy Suites Riverwalk ($168.53, ranked 59th); Hyatt Regency Hill Country ($158.92, ranked 84th); Hilton Palacio Del Rio ($157.01, ranked 89th); and Omni La Mansion Del Rio ($156.21, ranked 90th).
Ten other San Antonio hotels landed in the top 200, and another 27 take up spots on the list of 524 hotels.
For all hotels in the San Antonio metro area, RevPAR in 2018 averaged $77.01, up from $72.55 in 2017 and compared with $69.76 statewide in 2018, Source Strategies says.
Overall, hotel revenue in the San Antonio metro area jumped 9.3 percent last year to $1.38 billion. The metro area, which accounts for 11.7 percent of the state's hotel market, also posted a 64.9 percent occupancy rate, the report shows, the report shows. With the addition of 1,400 hotel rooms in 2018, San Antonio's supply of hotel rooms grew 2.9 percent, the report adds.
The Ritz-Carlton, Dallas was the only Texas hotel with RevPAR above $300 in 2018. In second place statewide was the Four Seasons Hotel in Austin ($290.85). South Congress Hotel in Austin ($256.23) ranked fourth, and Hotel San Jose, also in Austin, ($256.21) ranked fifth.
The highest ranking Houston hotel was Hotel Granduca (No. 12), with RevPAR in 2018 of $223.07.