Nocona, Texas hotel market

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

$699k
Room revenue, trailing 12 months
+25.7%
vs prior 12 months
$23
Market RevPAR, TTM*
3
Hotels filing room tax
85
Registry rooms
+1
Rooms added YoY
1.8%
Short-term-rental share
Demand momentumHighSupply pressureStableDemand durabilityStableSTR spilloverLowData confidenceHigh

Quarterly hotel room revenue

state filings
$200k$400k2017 Q1: $88,99120172017 Q2: $113,9922017 Q3: $409,6142017 Q4: $134,5992018 Q1: $115,48120182018 Q2: $142,0832018 Q3: $147,3682018 Q4: $125,4062019 Q1: $88,80920192019 Q2: $150,1832019 Q3: $157,9752019 Q4: $134,3782020 Q1: $106,53020202020 Q2: $145,9362020 Q3: $187,3192020 Q4: $135,6602021 Q1: $110,03220212021 Q2: $174,8932021 Q3: $151,0712021 Q4: $167,7432022 Q1: $198,88820222022 Q2: $285,3162022 Q3: $296,8062022 Q4: $293,4812023 Q1: $254,62520232023 Q2: $269,0802023 Q3: $250,1602023 Q4: $189,8802024 Q1: $200,28020242024 Q2: $237,0452024 Q3: $147,3922024 Q4: $129,1122025 Q1: $115,87320252025 Q2: $146,6802025 Q3: $204,4972025 Q4: $172,9642026 Q1: $136,0082026$136k

Room receipts reported by Nocona 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
2%4%2017: 0.1% STR share'172018: 1.2% STR share2019: 1.6% STR share'192020: 1.1% STR share2021: 1.7% STR share'212022: 2% STR share2023: 2.8% STR share'232024: 3.6% STR share2025: 2.5% STR share'252026: 2.1% STR share (5 months)2.1%

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 Nocona

4 filing locations
4 hotelsCombined TTM $699kMedian $/key $7kMedian YoY +33.5%
HotelBrand familyRoomsFY2025 revenueTTM revenue$/keyYoY
The Veranda InnIndependent45$354k$394k$9k+22.4%Screen
Budget Inn - NoconaIndependent28$151k$159k$6k+44.5%Screen
Rr Station LLC - Clay HouseIndependent11$135k$97k (10mo)Screen
Red River Station InnnewIndependent12$49k (4mo)Screen

Every hotel and motel filing state room tax in Nocona, 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 85Added YoY +1New filing locations 1
Began filingRed River Station Inn · 12 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)$261k$6k2.1%
2025$640k$16k2.5%
2024$714k$27k3.6%
2023$964k$27k2.8%
2022$1.1M$22k2%
2021$604k$10k1.7%
2020$575k$7k1.1%
2019$531k$9k1.6%
2018$530k$6k1.2%
2017$747k$7440.1%

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.

Montague County context

Census ACS + CBP
Population (2023)20,599 · +4.7% since 2013
Median household income$62,818 · was $44,231 in 2013
Median age44
Mining, quarrying, and oil and gas extraction579 employed · 37 establishments
Accommodation and food services438 employed · 35 establishments
Health care and social assistance334 employed · 35 establishments
Construction270 employed · 56 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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