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San Antonio hotels saw revenue drop nearly 50% in 2020
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A virtually empty Alamo Street near the Torch of Friendship and the Hilton Palacio Del Rio hotel is seen in a Thursday, April 23, 2020 aerial photo. The Tower of the Americas is seen in the left background. A report released Friday, Feb. 2, 2021, found that San Antonio-area hotel revenue fell nearly 50 percent last year from 2019.William Luther /Staff
Hotel revenue in San Antonio plummeted by nearly 50 percent in 2020 from the year before as travel restrictions brought on by COVID-19 roiled the hospitality industry, according to a report released Friday.
Area hotels took in $715.5 million in revenue, down from $1.4 billion in 2019. That’s an “unprecedented drop,” said Paul Vaughn, senior vice president of Source Strategies, the San Antonio-based hotel consulting firm that issued the report.