San Marcos, Texas hotel market

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

$59.0M
Room revenue, trailing 12 months
+6.7%
vs prior 12 months
$62
Market RevPAR, TTM*
37
Hotels filing room tax
2,597
Registry rooms
+139
Rooms added YoY
6.6%
Short-term-rental share
Demand momentumModerateSupply pressureRisingDemand durabilityStableSTR spilloverLowData confidenceMedium

The growth rate excludes $14.4M in flagged single-month filing anomalies at 2 properties, where an amended filing lumped restated history into one month. Revenue totals are as filed.

Quarterly hotel room revenue

state filings
$10.0M$20.0M2017 Q1: $9,764,85420172017 Q2: $12,045,9312017 Q3: $13,095,4132017 Q4: $10,181,1662018 Q1: $9,777,23820182018 Q2: $11,855,0222018 Q3: $12,007,6572018 Q4: $10,873,7372019 Q1: $9,768,68520192019 Q2: $13,272,2802019 Q3: $13,527,6982019 Q4: $10,907,6982020 Q1: $8,276,57020202020 Q2: $4,718,5582020 Q3: $6,905,2652020 Q4: $5,223,0712021 Q1: $7,573,23720212021 Q2: $13,320,0982021 Q3: $16,032,5392021 Q4: $13,056,1692022 Q1: $11,541,32820222022 Q2: $16,232,0552022 Q3: $16,061,0842022 Q4: $13,550,3092023 Q1: $12,269,49620232023 Q2: $14,898,9642023 Q3: $15,511,8612023 Q4: $13,131,7052024 Q1: $12,502,01320242024 Q2: $15,429,3312024 Q3: $25,106,4542024 Q4: $13,280,3102025 Q1: $10,286,89020252025 Q2: $15,192,8852025 Q3: $13,840,7122025 Q4: $16,464,7022026 Q1: $12,682,3352026$12.7M

Room receipts reported by San Marcos 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
5%10%2017: 1.3% STR share'172018: 2.6% STR share2019: 3.4% STR share'192020: 7.3% STR share2021: 5.4% STR share'212022: 6.7% STR share2023: 10.1% STR share'232024: 9.4% STR share2025: 6.6% STR share'252026: 7.7% STR share (5 months)7.7%

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 San Marcos

39 filing locations
39 hotelsCombined TTM $59.0MMedian $/key $13kMedian YoY -15.1%
HotelBrand familyRoomsFY2025 revenueTTM revenue$/keyYoY
Embassy Suites San MarcosHilton283$9.5M$12.5M$44kScreen
Hilton Garden Inn San MarcosHilton107$6.3M$6.3M$59kScreen
Courtyard By Marriott San MarcosMarriott97$3.1M$3.6M$37k+32.8%Screen
San Marcos Investment Two LLCIndependent117$3.3M (11mo)$3.5M$30kScreen
Homewood Suites By HiltonHilton94$3.1M$3.2M$34k-6.3%Screen
Fairfield Inn & Suites - Austin San MarcosMarriott108$3.2M$3.1M$29k-8.6%Screen
La Quinta Inn & SuitesWyndham85$2.7M$2.7M$32k-3.6%Screen
Holiday Inn San MarcosIHG108$2.6M$2.6M$24k-10.3%Screen
Courtyard By Marriot San MarcosIndependent98$2.4M (11mo)$2.6M$26kScreen
Hampton Inn & SuitesHilton90$2.4M$2.4M$27k-2.2%Screen

Every hotel and motel filing state room tax in San Marcos, 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 2,597Added YoY +139New filing locations 4
Began filingLivaway Suites San Marcos, Tx · 126 keys · first filings within the trailing year
Began filingBest Western San Marcos · 50 keys · first filings within the trailing year
Began filingDowntown Abbey · 6 keys · first filings within the trailing year
Began filingMosaic On The Hill · 7 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)$23.6M$2.0M7.7%
2025$55.8M$4.0M6.6%
2024$66.3M$6.9M9.4%
2023$55.8M$6.2M10.1%
2022$57.4M$4.1M6.7%
2021$50.0M$2.9M5.4%
2020$25.1M$2.0M7.3%
2019$47.5M$1.7M3.4%
2018$44.5M$1.2M2.6%
2017$45.1M$594k1.3%

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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