HomeMy WebLinkAboutPO 7302 Port_Arthur_STR_Presentation_Deck_Nov_2024 - Read-Only 1-14-2025 (2)SHORT-TERM
RENTALS
SHORT -TERM RENTAL ORDINANCE
IMPACT ON HOTEL OCCUPANCY TAX IN
PORT ARTHUR
FISCAL YEAR 2022/2023:
•54 REGISTERED STR’S WITH THE
STATE
•TEXAS HOTEL & LODGING
ASSOCIATION REPORTED REVENUE
FROM THESE STR’S WAS
APPROXIMATELY $900,000
•AT A 7% LOCAL HOTEL OCCUPANCY
TAX, UP TO A MAXIMUM $63,000
COULD HAVE BEEN GENERATED FOR
2022/2023
•OVER 30 -DAY STAY IS EXEMPT & IS
PREVALENT SO LIKELY LESS THAN
$63,000 WOULD HAVE BEEN
COLLECTED
DATA GATHERED NOVEMBER 2 0 2 4:
•95 STR’s FOUND IN CITY LIMITS ON AIRBNB &
VRBO
•PER NIGHT PRICES RANGE FROM $38 TO $700 +
PER NIGHT
•IF ALL POSSIBLE REVENUE PER NIGHT IS
TOTALLED AND 7% LOCAL HOT CALCULATED, IT
WOULD BE A MAXIMUM OF $787.36 PER NIGHT IN
TAX
•AT A 70% OCCUPANCY RATE (AVG FPR HOTELS)
IN PORT ARTHUR, THIS WOULD BE A MAXIMUM
OF $200,776 COLLECTED
•IF 50% OF THESE STAYS HAVE A 30 DAY
EXEMPTION, THE COLLECTION WOULD BE
CLOSER TO $100,000
Fa cts Ga thered From
5 types of STRs
in Port Arthur
0 1.
Single Room in
a Dw elling
May share a bathroom
and a kitchen
$38 -$95 per night
02.
Condominium
Several on Pleasure
Is land
$80 -$130 per night
03.
Apartment
Studio &
Townhomes
stayAPT has listings
$63 -$370 per night
04.
Rental Units
Includes a boat, guest
houses, guest suites
$50 -$142 per night
05.
Entire Home
Represents a majority of listings.
More likely to be leisure rentals for
fishing with locations on the water,
including Pleasure Island
Higher Priced -May not be booked at
70% occupancy rate though they are
calculated at that rate in potential
occupancy rate
$50 -$717 per night
0 1.
SINGLE ROOM
Current Count:
14
$38 -$95 per night
CURRENT COUNT: 6
$80 -$130 per night
02.
CONDOS
CURRENT COUNT:
8 + STAYAPT HOTEL
ROOMS
$60 -$370 per
night
03.
APARTMENT,
STUDIO &
TOWNHOME
04.
RENTAL UNITS CURRENT COUNT: 17
$50 -$142 per night
05.
HOMES
CURRENT COUNT: 46
$50 -$717 per night