Business

Houston Experiences Hotel Boom

The Bayou City is in the top three U.S. cities for expected hotel openings in 2017.

 

The Marriott Marquis hotel in downtown Houston was finished in time for the Super Bowl in February.

Greater Houston is on track to open 33 new hotels this year, according to the hotel research firm STR.

That places the Bayou City behind only New York and Dallas and just before Austin.

 “It has what hotel developers like,” Mike Waterman, president of the Greater Houston Convention and Visitors Bureau, said. “It’s a friendly environment, the climate is amenable and it has a lot of infrastructure built in to support a hotel.”

He also said the Super Bowl helped motivate developers, and the local economy was doing well when plans for new hotels were made.

So will the boom continue in future years?

“We feel like we’re going to catch up with the current supply and we’ll hit a stabilization, probably sometime in ’18, maybe ’19,” Waterman said, “where developers may come in and say, hey, there’s an opportunity to add more, but that’s a couple of years away.”

A growing number of visitors to Houston are booking hotels on the weekends – this in a city that has more of a reputation for business travel than tourism.

In fact, last year, 75 percent of domestic visitors came for leisure.

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Florian Martin

Florian Martin

Business Reporter

Florian Martin is currently the News 88.7 business reporter. Florian’s stories can frequently be heard on other public radio stations throughout Texas and on NPR nationwide. Some of them have earned him awards from Texas AP Broadcasters, the Houston Press Club, National Association of Real Estate Editors, and Public Radio...

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