STR: Houston hotels expected to see significant growth around Super Bowl 51
According to a projection by STR's consulting and analytics division, it is reasonable to expect that the hotel industry in Houston will see overall performance growth between 150% and 350% during Super Bowl 51 weekend."The most difficult aspect in projecting Houston's Super Bowl performance is the current state of that market," said Claudia Alvarado, STR's analytics manager.
BROOMFIELD, Colorado -- According to a projection by STR's consulting and analytics division, it is reasonable to expect that the hotel industry in Houston will see overall performance growth between 150% and 350% during Super Bowl 51 weekend.
"The most difficult aspect in projecting Houston's Super Bowl performance is the current state of that market," said Claudia Alvarado, STR's analytics manager. "Lower demand caused by the oil crisis and rapid supply growth combined for a 9.1% decrease in occupancy for 2016—the worst among U.S. Top 25 Markets. Thus, there are two schools of thought on how performance may fare around the game at NRG Stadium. While it is possible for the soft performance to extend to the Super Bowl, we expect a sharp spike in occupancy and room prices."
For the purposes of its projection, STR noted that each of the last nine Super Bowl host markets experienced year-over-year revenue-per-available-room growth of more than 100%, including Houston in 2004 (+384%). At the same time, the larger the host market, the lower the overall RevPAR gain, such as New York City in 2014 (+115%). The largest year-over-year jump in RevPAR during the past nine Super Bowl weekends came in the smallest of the host markets, Indianapolis in 2012 (+1,082%).
During its previous Super Bowl host year in 2004, Houston saw RevPAR gains of 358.3% on Friday, 385.1% on Saturday and 411.1% on Sunday.
Among major events in 2015, the Super Bowl in Phoenix produced the largest year-over-year RevPAR increase (+197.1%) in the three submarkets closest to the event. Next in line using the same submarket calculation was the NCAA Men's Final Four (+101.2%) in Indianapolis, the College Football Playoff National Championship in Dallas (+80.0%) and Wrestlemania 31 (+62.8%) in San Francisco.
"There is no question that major sporting events are a huge boon for host hotel markets, and the Super Bowl reigns supreme on the list," Alvarado said. "Based on previous Super Bowl performance and other major events from previous years, it would be reasonable to expect RevPAR growth between 150% and 350% for Houston during that first weekend in February."
Actual hotel performance data for Super Bowl 51 will be available late during the week of 6 February.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.