Nazareth, Texas hotel market

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

$43k
Room revenue, trailing 12 months
vs prior 12 months
$17
Market RevPAR, TTM*
1
Hotels filing room tax
7
Registry rooms
0
Rooms added YoY
30.1%
Short-term-rental share
Demand momentumUnknownSupply pressureStableDemand durabilityStableSTR spilloverModerateData confidenceMedium-high

Quarterly hotel room revenue

state filings
$10k$20k2017 Q1: $13,66020172017 Q2: $16,5992017 Q3: $14,2552017 Q4: $11,1812018 Q1: $4,55920182018 Q2: $8,2802018 Q3: $11,7822018 Q4: $12,0412019 Q1: $4,59820192019 Q2: $11,2242019 Q3: $12,6132019 Q4: $9,2352020 Q1: $5,35520202020 Q2: $3,0062020 Q3: $9,5822020 Q4: $7,2062021 Q1: $6,45220212021 Q2: $9,3732021 Q3: $11,5622021 Q4: $9,9342022 Q1: $7,80820222022 Q2: $13,9532022 Q3: $17,9762022 Q4: $18,5362023 Q1: $8,71420232023 Q2: $12,9432023 Q3: $10,1272023 Q4: $11,0842024 Q1: $5,36820242024 Q2: $10,9132024 Q3: $16,4932024 Q4: $7,2242025 Q1: $8,35120252025 Q2: $8,6802025 Q3: $16,4782025 Q4: $11,3682026 Q1: $6,3902026$6k

Room receipts reported by Nazareth 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
50%2017: 0% STR share'172018: 0.2% STR share (10 months)2019: 0% STR share'192020: 3.6% STR share2021: 0.1% STR share'212022: 4.6% STR share2023: 11.8% STR share'232024: 19.9% STR share2025: 32.8% STR share'252026: 65.8% STR share (5 months)65.8%

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 Nazareth

1 filing locations
1 hotelCombined TTM $43kMedian $/key $6kMedian YoY
HotelBrand familyRoomsFY2025 revenueTTM revenue$/keyYoY
Yellow Rose Inn Inc. · quarterly filerIndependent7$45k$43k$6kScreen

Every hotel and motel filing state room tax in Nazareth, 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)$6k$12k65.8%
2025$45k$22k32.8%
2024$40k$10k19.9%
2023$43k$6k11.8%
2022$58k$3k4.6%
2021$37k$500.1%
2020$25k$9503.6%
2019$38k$00%
2018 (10mo)$37k$750.2%
2017$56k$00%

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.

Castro County context

Census ACS + CBP
Population (2023)7,328 · -8.9% since 2013
Median household income$63,485 · was $36,402 in 2013
Median age34.9
Health care and social assistance210 employed · 9 establishments
Accommodation and food services200 employed · 14 establishments
Wholesale trade114 employed · 11 establishments
Other services (except public administration)89 employed · 24 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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