Downtown Hotel Revenue Has Surpassed 2019 Levels After bottoming out in 2020, hotel tax revenue in downtown Austin has surpassed 2019 levels, reaching $691 million in 2022. This correlates directly with the return of major festivals, like South by Southwest and Austin City Limits Music Festival, which help drive robust demand for hotel space in downtown. Further evidence of the appeal of Austin for travelers lies in the monthly passenger counts at the Austin Bergstrom International Airport (AUS), which have consistently surpassed pre-pandemic levels since 2022. As tourism and business travel rebound, downtown hotels will continue to benefit from the influx of travelers to the region. While 2022 was a stellar year for downtown hotels per actual tax receipts, the overall percentage compared to the Austin region has not yet recovered to 2019 levels.
700M
50
600M
46
500M
43
400M
39
300M
36
200M
32
100M
29
0
Percentage of Total Austin Hotel Tax Receipts
Downtown Hotel Tax Receipts (In Dollars)
Downtown Hotel Tax Receipts
25 2019
2020
2021
2022
Downtown Hotel Tax Receipts (In Dollars) Percentage of Total Austin Hotel Tax Receipts 2019
2020
2021
2022
Downtown Hotel Tax Receipts
$592,041,630
$191,365,967
$384,873,129
$691,033,400
Percentage of Total Austin Hotel Tax Receipts
45.3%
27.0%
31.2%
41.1%
STATE of DOWNTOWN
FLASH REPORT 2022 Downtown Austin Tax Analysis