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.
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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."