Dallas Hotel Development: A Success Story Amid the Pandemic Recovery

Kathleen Donahue | May 5, 2023

By Kathleen Donahue Within the hotel and lodging sector, Dallas’s popularity with visitors and its ability to attract new businesses have contributed to an unhesitating redemption. In the wake of the COVID-19 pandemic, revenue per available room (RevPAR) in the greater Downtown Dallas area for 2022 rebounded to levels similar to 2019; however, the year-to-date period ending February 2023 shows RevPAR exceeding prior peak levels, as illustrated in the Kalibri Labs data below. Historical Lodging Metrics – Aggregate Downtown and Dallas Airport Submarkets Source: Kalibri Labs As occupancy levels remained below pre-pandemic level...