Downtown San Antonio's hotel occupancy has cratered to 59%, RevPAR is sliding nearly 9% year over year, and developers are still breaking ground on new properties. If you've ever wanted a textbook case of what happens when supply ignores demand, pull up a chair.
Operations
Primary
Mar 16
A 33% collapse in global air traffic and nearly 6% domestic decline aren't just airline problems. They're hotel problems. And if you're running a gateway city property that built its rate strategy on international inbound and business travel, the phone calls from your owners are about to get uncomfortable.
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