Dripping Springs, Texas hotel market

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

$11.4M
Room revenue, trailing 12 months
-11.2%
vs prior 12 months
$77
Market RevPAR, TTM*
20
Hotels filing room tax
408
Registry rooms
+14
Rooms added YoY
23.9%
Short-term-rental share
Demand momentumDecliningSupply pressureRisingDemand durabilityWeakeningSTR spilloverModerateData confidenceMedium-high

Quarterly hotel room revenue

state filings
$2.0M$4.0M2017 Q1: $672,71620172017 Q2: $738,4072017 Q3: $942,1112017 Q4: $1,158,9722018 Q1: $1,087,20320182018 Q2: $1,324,5642018 Q3: $1,112,1432018 Q4: $1,280,8662019 Q1: $1,237,35720192019 Q2: $1,491,5862019 Q3: $1,270,8452019 Q4: $1,352,1712020 Q1: $1,224,76820202020 Q2: $838,2442020 Q3: $1,495,1282020 Q4: $1,429,5372021 Q1: $1,476,07020212021 Q2: $2,154,8072021 Q3: $1,936,0452021 Q4: $2,193,4412022 Q1: $2,014,94420222022 Q2: $2,388,9652022 Q3: $2,363,2772022 Q4: $2,862,0202023 Q1: $2,651,83620232023 Q2: $3,127,4582023 Q3: $2,821,7772023 Q4: $3,412,4172024 Q1: $3,015,48620242024 Q2: $3,968,8462024 Q3: $3,059,2672024 Q4: $3,530,4682025 Q1: $2,672,88220252025 Q2: $3,326,7812025 Q3: $2,492,8722025 Q4: $3,159,2292026 Q1: $2,692,8672026$2.7M

Room receipts reported by Dripping Springs 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: 19.3% STR share'172018: 17.1% STR share2019: 21.4% STR share'192020: 24.3% STR share2021: 26.8% STR share'212022: 27.3% STR share2023: 21.3% STR share'232024: 21.4% STR share2025: 21.6% STR share'252026: 25.1% STR share (5 months)25.1%

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 Springs

21 filing locations
21 hotelsCombined TTM $11.4MMedian $/key $14kMedian YoY -13.9%
HotelBrand familyRoomsFY2025 revenueTTM revenue$/keyYoY
Cortyard By MarriottMarriott91$3.4M$3.3M$37k-5.3%Screen
Holiday Inn Express & Suites Dripping SpringsIHG84$2.3M$2.2M$26k-19.6%Screen
Sleep Inn & SuitesChoice57$1.8M$1.8M$32k+1.9%Screen
Lucky Arror Retreatment Dripping SpringsIndependent36$1.8M$1.7M$47k-30.7%Screen
The Liney MoonIndependent17$662k$681k$40k+4.0%Screen
The Yurtopian Dripping, LLCIndependent10$649k$620k$62k-9.7%Screen
Fitzhugh_lodge · quarterly filerIndependent5$154k$181k$36kScreen
110 Hart LaneIndependent8$201k$173k$22k-42.2%Screen
Dc Asante, LLCIndependent14$147k$155k$11k+20.8%Screen
Outpost MotelIndependent13$154k$134k$10k-23.5%Screen

Every hotel and motel filing state room tax in Dripping Springs, 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 408Added YoY +14New filing locations 3
Began filingMoulin Rose · 6 keys · first filings within the trailing year
Began filingAlternative Lodging Of Texas, LLC · 8 keys · first filings within the trailing year
Began filingCactus Moon Retreat LLC · 18 keys · first filings within the trailing year

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)$4.8M$1.6M25.1%
2025$11.7M$3.2M21.6%
2024$13.6M$3.7M21.4%
2023$12.0M$3.2M21.3%
2022$9.6M$3.6M27.3%
2021$7.8M$2.8M26.8%
2020$5.0M$1.6M24.3%
2019$5.4M$1.5M21.4%
2018$4.8M$990k17.1%
2017$3.5M$838k19.3%

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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