Short Term Rental Trends

Texas Airbnbs & STRs

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RedAwning offers vacation rental property management for busy vacation rental owners and Airbnb hosts. Starts at 10% of revenue.
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Current Vacation Rental Performance in Texas

Market Trends and Occupancy

Texas is experiencing significant growth in the vacation rental market, driven by increasing traveler demand and population shifts. Here are some key points:

  • Short-term rentals in Texas have seen a 13% increase in occupancy since 2022, with some cities outperforming the state average. For example, Houston's occupancy rates are up 24%, and Dallas has seen a 26% year-over-year increase.

Top Performing Cities

  • Dallas: The city is a prime investment location, with occupancy and Revenue per Available Room (RevPAR) significantly above state averages. Dallas forecasts over $10 billion in traveler spending this year and has an Average Daily Rate (ADR) of $187, 5% higher than in 2022.
  • Houston: Despite falling ADRs (-9% over two consecutive years), Houston's growing occupancy rates have kept RevPAR healthy, making it a promising investment spot due to the absence of zoning restrictions.
  • New Braunfels: This city has seen steady growth in its short-term rental market, with occupancy rising 4% year-over-year. Although ADR has fallen 5%, it remains slightly above 2019 prices.
  • Corpus Christi and South Padre Island: These coastal destinations have recovered from previous slumps, with South Padre Island seeing occupancy return to 2021 levels and a 9% increase in RevPAR over 2022.

Population Growth and Feeder Markets

  • Smaller Texas destinations like Corpus Christi, Fredericksburg, and South Padre Island are benefiting from population growth in their feeder markets, making them up-and-coming hot spots for vacation rentals. For instance, Corpus Christi has seen a 7.8% growth in feeder population.

Investment Considerations

  • Investors should consider financial metrics such as selling price, mortgage rates, occupancy rates, and average income when evaluating vacation rental properties in Texas. High-quality amenities, positive guest reviews, and strategic listings on platforms like Airbnb and VRBO are crucial for maximizing investment returns.

Overall Outlook

  • The Texas vacation rental market is expected to continue growing, driven by robust demand and the state's diverse array of vacation destinations. However, factors such as regulatory environments, market trends, and the balance between supply and demand will influence investment decisions.

Current Airbnb & VRBO Trends by City

No state available.

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FAQ

What does your pricing structure look like?
Our prices start at 10% of revenue. You can check out our pricing page for more information.
What types of vacation rental properties do you manage?
We manage a wide range of vacation rental properties, including single-family homes, condos, apartments, and luxury villas. Our services are tailored to meet the unique needs of each property type.
How do you handle guest support?
Our team provides 24/7 guest support, handling all inquiries, booking assistance, and any issues that may arise during a guest's stay. This ensures a seamless experience for your guests.
What is included in your damage waiver?
Our damage waiver provides $3,000 in coverage per booking, protecting you from accidental damages without the need for security deposits. This coverage is automatically included with every booking.
How does the payment process work?
We handle all aspects of the payment process, including processing payments, managing declined cards, and providing chargeback protection. Funds are deposited directly into your account, ensuring a smooth and secure transaction.
Can I still use my own booking website?
Absolutely! We offer a direct booking website service that allows you to showcase your property and accept bookings directly, bypassing the fees charged by major booking sites.
How do I get started with RedAwning?
Getting started is easy! Simply contact us for a free consultation, and our team will guide you through the onboarding process to ensure a smooth transition to our platform.
Why is RedAwning better than other property management companies?
RedAwning sets itself apart from other property management companies with a technology-driven, cost-effective approach that offers both full-service and partial management options, catering to vacation rental owners who value flexibility and control. Unlike competitors like Vacasa or AvantStay, which focus solely on full-service management with fees ranging from 25-50% of income, RedAwning provides a choice: comprehensive oversight including marketing, reservations, guest support, and maintenance, or a partial-service model emphasizing marketing and bookings across 50+ platforms like Airbnb, Vrbo, and Booking.com, potentially increasing bookings compared to narrower-channel options like Evolve. RedAwning's fees start at 10%. Having served the industry for 15 years, RedAwning combines experience with lower fees and rapid onboarding—listing properties in an afternoon—appealing to hosts who want efficiency without losing decision-making power, though it may not suit those needing extensive local support like Vacasa provides. Its scale (20,000+ properties across 10,000 destinations) and data-driven pricing give it an edge over Evolve’s simpler approach, making it a versatile choice for tech-savvy hosts seeking tailored management solutions.