Bandera, Texas hotel market

Bandera County · Measured room revenue from state hotel occupancy tax filings, through May 2026.

$5.4M
Room revenue, trailing 12 months
-3.5%
vs prior 12 months
$38
Market RevPAR, TTM*
20
Hotels filing room tax
391
Registry rooms
-9
Rooms added YoY
18.8%
Short-term-rental share
Demand momentumDecliningSupply pressureContractingDemand durabilityStableSTR spilloverModerateData confidenceMedium-high

Quarterly hotel room revenue

state filings
$1.0M$2.0M2017 Q1: $809,82020172017 Q2: $1,143,1402017 Q3: $951,2022017 Q4: $683,0242018 Q1: $888,51820182018 Q2: $1,144,4242018 Q3: $1,123,4552018 Q4: $841,2582019 Q1: $985,86320192019 Q2: $1,253,8112019 Q3: $1,100,7102019 Q4: $1,015,0382020 Q1: $770,07720202020 Q2: $568,4732020 Q3: $946,0022020 Q4: $770,2772021 Q1: $1,016,90720212021 Q2: $1,435,1432021 Q3: $1,452,1532021 Q4: $1,383,6402022 Q1: $1,337,56720222022 Q2: $1,745,8042022 Q3: $1,410,2952022 Q4: $1,428,8932023 Q1: $1,383,30920232023 Q2: $1,666,0932023 Q3: $1,365,1792023 Q4: $1,372,5802024 Q1: $1,350,98220242024 Q2: $1,968,7022024 Q3: $1,162,5392024 Q4: $1,402,9302025 Q1: $1,421,59920252025 Q2: $1,643,1252025 Q3: $1,271,1812025 Q4: $1,328,2322026 Q1: $1,279,3532026$1.3M

Room receipts reported by Bandera hotels to the Texas Comptroller, summed by calendar quarter so monthly and quarterly filers land in the same buckets. Short-term rentals are excluded and measured separately. *Market RevPAR divides trailing revenue by registry rooms x 365; registry capacity can lag renovations.

Short-term-rental share

measured
20%2017: 20.9% STR share'172018: 20.3% STR share2019: 21.3% STR share'192020: 30.7% STR share2021: 23.7% STR share'212022: 17.9% STR share2023: 18.3% STR share'232024: 19.6% STR share2025: 17.3% STR share'252026: 19.4% STR share (5 months)19.4%

STR share of all measured lodging revenue: platform remittances (Airbnb, Vrbo, Vacasa) plus individually permitted hosts and rental managers. Open dots are partial years.

Hotels in Bandera

20 filing locations
20 hotelsCombined TTM $5.4MMedian $/key $10kMedian YoY +1.2%
HotelBrand familyRoomsFY2025 revenueTTM revenue$/keyYoY
Best Western Bandera Suites & SaloonBWH46$1.5M$1.5M$32k+1.2%Screen
Flying L Dude Ranch, LLCIndependent60$1.0M$873k$15k-22.4%Screen
Dixie Dude RanchIndependent15$559k$564k$38k+4.2%Screen
Mayan Dude Ranch, IncorporatedIndependent32$551k$546k$17k-0.6%Screen
The Vaquero MotelIndependent12$447k$447k$37k+5.1%Screen
River Oak InnIndependent28$384k$361k$13k-8.2%Screen
Rancho CortezIndependent8$243k$266k$33k+9.2%Screen
Riverwalk Resort Management LLCIndependent10$171k$189k$19k+24.1%Screen
HcelIndependent8$160k$157k$20k+3.7%Screen
Hhsi-Krf-101, LLCIndependent20$174k$128k$6kScreen

Every hotel and motel filing state room tax in Bandera, ranked by trailing-12-month reported receipts. Brand and tier are read from the filing name; $/key divides TTM revenue by registry rooms. Quarterly filers report at quarter granularity, so their trailing windows can lag by up to two months.

Supply pipeline

measured + verified reports
Registry rooms 391Added YoY -9New filing locations 0

Measured entries come from state tax registrations (a hotel appears when it starts filing room tax). Named pipeline entries are individually verified against reporting or the TDLR construction registry; room counts are never estimated.

Hotels vs short-term rentals

measured · state filings
YearHotel revenueSTR revenueSTR share
2026 (5mo)$2.3M$565k19.4%
2025$5.7M$1.2M17.3%
2024$5.9M$1.4M19.6%
2023$5.8M$1.3M18.3%
2022$5.9M$1.3M17.9%
2021$5.3M$1.6M23.7%
2020$3.1M$1.4M30.7%
2019$4.4M$1.2M21.3%
2018$4.0M$1.0M20.3%
2017$3.6M$950k20.9%

Short-term-rental revenue combines platform remittances (Airbnb, Vrbo and similar file one aggregate per city) and individually permitted hosts and rental managers. Revenue is measured; listing counts are not derivable from tax filings.

Bandera County context

Census ACS + CBP
Population (2023)21,589 · +5.1% since 2013
Median household income$69,703 · was $49,215 in 2013
Median age53.4
Construction731 employed · 63 establishments
Accommodation and food services658 employed · 58 establishments
Health care and social assistance274 employed · 23 establishments
Other services (except public administration)198 employed · 58 establishments

American Community Survey 5-year estimates and County Business Patterns, county level. Employment counts are private-sector payroll establishments.

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Methodology. Measured from TX Comptroller hotel occupancy tax filings. Corporate housing operators, condo/HOA rental regimes, RV parks, and vacation-rental managers are classified out of the hotel universe by name; hand corrections via override_class win over the computed class. Self-reported and unaudited; amended filings restate history. Registry room capacity can lag renovations. Growth figures need full 12-month coverage in both years; partial-coverage locations show revenue but no growth rate. Quarterly filers are included at quarter granularity: their trailing windows can lag monthly filers by up to two months. Market growth rates substitute a typical month for detector-flagged single-month filing anomalies (amended filings lumped into one month); raw revenue totals stay as filed. Registry room counts that are impossible for the building (a re-registered permit filing 18,872 units against 188) fall back to the last plausible count filed at the same address, or are withheld from room totals when no such filing exists. Room and hotel counts are per building: when a hotel changes filing entities, its co-located registrations count once, at the most recently seen plausible room count, while revenue sums across every filer. Platform rows are city-level aggregates remitted by booking platforms (Airbnb, Vrbo/HomeAway, and similar) under marketplace agreements; they carry real revenue but placeholder unit counts, so listing counts are NOT derivable from this data. Individual-filer figures capture hosts with their own tax permits plus vacation-rental managers and condo rental programs classified by name (one manager can file many locations under one permit); corporate housing operators and RV parks are excluded from both sides. A host who files individually may also have some bookings remitted by a platform, so minor double counting is possible. The small-property heuristic (<=4 units) can misclassify tiny B&Bs or motels. All figures are self-reported, unaudited, and restated by amended filings. Figures are our interpretation of public state records and are not a valuation or investment advice.

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