Dripping Spgs, Texas hotel market

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

$4.5M
Room revenue, trailing 12 months
+10.0%
vs prior 12 months
$491
Market RevPAR, TTM*
2
Hotels filing room tax
25
Registry rooms
0
Rooms added YoY
0%
Short-term-rental share
Demand momentumHighSupply pressureStableDemand durabilityStableSTR spilloverLowData confidenceHigh

Quarterly hotel room revenue

state filings
$500k$1.0M$1.5M2017 Q1: $193,20320172017 Q2: $241,6892017 Q3: $240,2952017 Q4: $350,0192018 Q1: $379,71020182018 Q2: $352,4672018 Q3: $334,5352018 Q4: $441,4582019 Q1: $368,56620192019 Q2: $466,0422019 Q3: $454,2722019 Q4: $459,4212020 Q1: $348,04020202020 Q2: $356,1232020 Q3: $662,3662020 Q4: $740,7092021 Q1: $600,89420212021 Q2: $901,3732021 Q3: $922,5362021 Q4: $948,7832022 Q1: $707,85720222022 Q2: $1,016,8202022 Q3: $825,7022022 Q4: $930,9962023 Q1: $812,07720232023 Q2: $1,060,0362023 Q3: $870,0392023 Q4: $985,6052024 Q1: $964,43320242024 Q2: $1,132,0122024 Q3: $872,0422024 Q4: $1,100,4962025 Q1: $832,54020252025 Q2: $1,340,6882025 Q3: $831,9412025 Q4: $1,173,4542026 Q1: $1,017,1472026$1.0M

Room receipts reported by Dripping Spgs 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: 28.6% STR share'172018: 19% STR share2019: 17.2% STR share'192020: 0% STR share2021: 0% STR share'212022: 0% STR share2023: 0% STR share'232024: 0% STR share2025: 0% STR share'252026: 0% STR share (5 months)0%

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 Dripping Spgs

2 filing locations
2 hotelsCombined TTM $4.5MMedian $/key $155kMedian YoY -0.6%
HotelBrand familyRoomsFY2025 revenueTTM revenue$/keyYoY
Camp Lucy, LLCIndependent15$3.7M$4.1M$274k+12.8%Screen
Hill Country CasitasIndependent10$431k$364k$36k-13.9%Screen

Every hotel and motel filing state room tax in Dripping Spgs, 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.

Hotels vs short-term rentals

measured · state filings
YearHotel revenueSTR revenueSTR share
2026 (5mo)$2.1M$00%
2025$4.2M$00%
2024$4.1M$00%
2023$3.7M$00%
2022$3.5M$00%
2021$3.4M$00%
2020$2.1M$00%
2019$1.7M$363k17.2%
2018$1.5M$355k19%
2017$1.0M$411k28.6%

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.

Hays County context

Census ACS + CBP
Population (2023)256,429 · +56.2% since 2013
Median household income$85,827 · was $58,651 in 2013
Median age33.9
Accommodation and food services13,819 employed · 582 establishments
Health care and social assistance8,599 employed · 527 establishments
Construction6,858 employed · 745 establishments
Administrative and support and waste management and remediation services4,796 employed · 306 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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