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Lakeway staff finds no clear RevPAR link to grants; council approves La Quinta and SpringHill Suites HOT grants
Summary
Staff review found no clear correlation between grant awards and RevPAR metrics, and council approved two hotel-occupancy-tax grants: $26,000 to La Quinta Inn & Suites and $35,000 to SpringHill Suites.
Lakeway — City staff briefed council July 21 on an analysis of hotel-occupancy-tax (HOT) grant outcomes and RevPAR (revenue per available room) trends, concluding RevPAR is not a sensitive indicator of HOT grant effectiveness. Council then approved two HOT grant requests from local hotels.
Staff summary: HOT coordinator Steve reviewed three years of available RevPAR and grant data and said the metric did not show a…
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