Houston hotel market, worst in U.S., faces pain from Harvey

When Hurricane Harvey stalled over Houston on Aug. 26, 2017, the hotel industry was in a rut. It had posted negative or low demand since early 2015, a few months after oil prices began to slip.

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At first glance, Houston’s hotel market looks strong. Rooms are packed, rates are up and revenue is flowing. But the hotel bump from Hurricane Harvey will be short-lived, like it had been for the.

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Houston’s hotel market, already the worst-performing in the U.S., is poised to take a further beating from Hurricane Harvey as the natural disaster creates chaos in a city that’s been reeling from low oil prices for the past three years.

Demand for hotel rooms in Houston and nearby cities is expected to surge in coming months, as displaced families seek temporary housing and a cadre of relief workers, insurance adjusters and.

In Houston. Hotels are also running with high occupancy.” While some destinations impacted by the storms are returning to a semblance of normalcy, others such as Dominica, the U.S. Virgin Islands,