Canyon, Texas hotel market

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

$7.3M
Room revenue, trailing 12 months
+13.7%
vs prior 12 months
$83
Market RevPAR, TTM*
6
Hotels filing room tax
243
Registry rooms
-66
Rooms added YoY
37.2%
Short-term-rental share
Demand momentumHighSupply pressureContractingDemand durabilityStableSTR spilloverHighData confidenceHigh

Quarterly hotel room revenue

state filings
$1.0M$2.0M2017 Q1: $772,60420172017 Q2: $1,019,5652017 Q3: $1,059,8222017 Q4: $772,1782018 Q1: $740,13620182018 Q2: $1,030,0862018 Q3: $1,077,7562018 Q4: $755,7022019 Q1: $749,39820192019 Q2: $1,019,7032019 Q3: $1,086,9782019 Q4: $756,9622020 Q1: $534,32420202020 Q2: $416,1232020 Q3: $881,5862020 Q4: $744,1822021 Q1: $715,36120212021 Q2: $1,130,1382021 Q3: $1,219,2742021 Q4: $1,022,3392022 Q1: $920,45120222022 Q2: $1,200,4972022 Q3: $1,171,5902022 Q4: $1,077,5372023 Q1: $1,067,46020232023 Q2: $1,620,1982023 Q3: $1,560,5102023 Q4: $1,283,8352024 Q1: $1,277,62620242024 Q2: $1,929,5852024 Q3: $1,909,5582024 Q4: $1,475,6342025 Q1: $1,122,83820252025 Q2: $2,008,5762025 Q3: $1,892,1442025 Q4: $1,645,9882026 Q1: $1,533,0762026$1.5M

Room receipts reported by Canyon 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
25%50%2017: 16.9% STR share'172018: 23.1% STR share2019: 28.4% STR share'192020: 50% STR share2021: 48.1% STR share'212022: 46.9% STR share2023: 40.3% STR share'232024: 38.2% STR share2025: 38% STR share'252026: 37.9% STR share (5 months)37.9%

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 Canyon

7 filing locations
7 hotelsCombined TTM $7.3MMedian $/key $24kMedian YoY +11.5%
HotelBrand familyRoomsFY2025 revenueTTM revenue$/keyYoY
Mass Hotels LLCIndependent91$2.9M$3.3M$36k+16.9%Screen
Holiday ExpressIndependent66$1.9M$2.1M$32k+18.4%Screen
Best Western Canyon Inn & SuitesBWH52$1.5M$1.5M$29k+6.9%Screen
Buffalo Inn MotelIndependent20$237k$269k$13k-9.3%Screen
Palo Duro Canyon State ParkIndependent7$127k$131k$19k+16.1%Screen
Hudspeth House B&BIndependent7$47k$51k$7k-8.2%Screen
Holiday Inn Express Motel & Suites CanyonIHG66$0 (10mo)$0 (5mo)Screen

Every hotel and motel filing state room tax in Canyon, 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 243Added YoY -66New 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)$3.0M$1.9M37.9%
2025$6.7M$4.1M38%
2024$6.6M$4.1M38.2%
2023$5.5M$3.7M40.3%
2022$4.4M$3.9M46.9%
2021$4.1M$3.8M48.1%
2020$2.6M$2.6M50%
2019$3.6M$1.4M28.4%
2018$3.6M$1.1M23.1%
2017$3.6M$736k16.9%

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.

Randall County context

Census ACS + CBP
Population (2023)143,791 · +16.8% since 2013
Median household income$80,905 · was $58,529 in 2013
Median age36.8
Accommodation and food services5,014 employed · 244 establishments
Health care and social assistance3,437 employed · 288 establishments
Construction2,951 employed · 378 establishments
Other services (except public administration)2,489 employed · 312 establishments

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

Screen a specific hotel

A screening turns one property's public record into a cited report: monthly revenue back to 2017, ownership and franchise research, competitive set, hazard history, and the market context on this page. New accounts get 3 free screenings.

Search Canyon hotels

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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