Corpus Christi’s economy is buttressed by tourism, an expanding international port of shipping and trade, and an energy industry that has realized enormous growth over the past few years. How have improving economic conditions affected area hotels?
Billions of barrels of unextracted oil have drawn masses of companies, crews, and support personnel to parts of Montana and North Dakota. The boom could last for decades, prompting the need for new hotels.
Energy prices, strong for the past several years and rising in 2012, have driven impressive growth in jobs, commercial space, and other developments in Houston. This growth and major planned projects continue to pump hotel demand into the city.
The hotel industry is often said to see cycles of performance over the course of years and decades. But fluctuations in services, rates, and demand require more frequent examination.
Residents and visitors have always been drawn to Austin’s rich, historic offering of music, culture, business, government, and education. The strength of Austin’s lodging industry over the past decade gives hoteliers something else to admire.
Demand may be down, but hotels in this suburb of the Dallas/Fort Worth Metroplex are beating the curve with respect to the recession.
The Las Colinas lodging market is becoming more and more enmeshed in the Dallas/Fort Worth area’s web of activity. This growth has the potential to influence hotel trends in the recession and beyond.
As both the capital of Texas and the “Live Music Capital of the World,” Austin has businesses and hotels singing a lively tune despite the current economic dirge.
Texas’ second-largest city is experiencing growth never before seen in its long and storied history.
Once thought of as a big oil town, Houston’s vast array of new developments are taking off throughout "Space City."