san antonio hotel market
Downtown San Antonio, TX: Building for the Future
David Bone | September 19, 2024
Downtown San Antonio boasts a diverse array of buildings built during multiple decades, as can be expected in a city that is more than 300 years old. These structures contribute to the city’s historical charm, and contemporary buildings were not prevalent in the past. However, spurred by the “Decade of Downtown” within the city’s SA2020 growth plan created in 2010, revitalization and new-build projects became more common in the years prior to the COVID-19 pandemic. The modernization was anchored by the 2019 opening of Frost Tower, the city’s first new high-rise since 1989. Since 2020, roughly 20 development projects, reportedly to...
San Antonio’s Tourism and Hospitality Generates Highest-Ever Economic Impact of $19 Billion in 2022
Visit San Antonio | August 9, 2023
New study reveals the industry impacted the local economy approximately 10% above the pre-pandemic peak in 2019 SAN ANTONIO, TX (August 9, 2023) — In a remarkable rebound, the San Antonio tourism and hospitality industry shattered key performance metrics, surpassing pre-pandemic levels with an unprecedented economic impact of $19 billion – a 10% year-over-year increase. The findings, identified by Trinity University professors Richard V. Butler, Ph.D., and Mary E. Stefl, Ph.D., in a study commissioned by Visit San Antonio, the San Antonio Hotel & Lodging Association, the Texas Restaurant Association—San Antonio Chapter and th...
