In Texas, the vacation rental market is an economic powerhouse. People choose to visit Texas for its vibrant culture, and visitors choose to stay in vacation rentals for a uniquely authentic Texas experience. Vacation rentals are an important part of the state’s tourism industry – providing flexibility, affordability and options to Texans and visitors alike.
Flower Mound is considering guidelines that would allow owners of a single-family home to rent out their house short term through a specific use permit process.
The Waco City Council approved a short-term rental in East Waco this week, a rare outcome for a part of Waco where the issue has become fraught.
In five Dallas ZIP codes, predominantly in the central and northern parts of the city, it’s more lucrative to rent out a home on [short-term rental sites] than to have long-term tenants.
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Vacation rentals have become a central part of the lodging market across Texas, and are now a significant contributor to the state’s economy. In 2018 alone, spending by visitors staying in vacation rentals sustained a total impact of $3.5 billion in economic activity in Texas.
Vacation rental visitor spending supported more than 35,000 permanent jobs in Texas in 2018.
Vacation rental activity is serving to both expand and compliment the lodging market. As vacation rental revenues climb dramatically, hotel occupancy rates and revenues also continue to increase in the vast majority of local markets in Texas.
“Short-term rentals encourage entrepreneurship, contribute mightily to local and state tax revenue, support tens of thousands of jobs and drive visitor spending to local small businesses. Vacation rentals are a vibrant and essential part of the Texas landscape."