Editor’s note: The over video clip is from previous protection that broadcast on KXAN on Sept. 11, 2025.
AUSTIN (KXAN)– October is probably among the busiest months in Austin when it concerns tourist, many thanks to massive occasions like the Austin City Purview Songs Celebration and the Formula 1 USA Grand Prix.
Thousands of individuals pertain to the Texas Resources City for the tourist attractions, a lot of whom remain at temporary service (STR) residential properties like Airbnb.
Airbnb claimed throughout both occasions in 2015, the firm’s hosts jointly made over $26 million by organizing auto racing followers and songs fest guests from around the globe. The typical everyday price for Airbnb remains throughout both weekend breaks of ACL in 2015 was under $200, according to the rental firm.
In 2024, Airbnb hosts and visitors in Austin produced $239 million in financial task, according to Airbnb information.
STR law changes
Since October of in 2015, the Austin Common council has actually authorized numerous temporary rental law adjustments. Among those guidelines called for STR systems to gather Resort Tenancy Tax obligation (HOT), starting April 1, 2025.
According to city information Airbnb shown to KXAN, Austin gathered greater than $5 million in HOT from STRs from April to July, the initial couple of months of that adjustment.
Another adjustment will certainly enter into result Oct. 1, equally as the active tourist month starts. That brand-new policy suggests STRs will certainly be mostly managed via the city’s company code as opposed to its land growth code.
Last week, city board progressed extra adjustments, consisting of:
- For any individual having greater than one residential property with temporary service( s) on it, the residential properties will certainly require to be a minimum of 1,000 feet apart
- For a website with greater than 4 systems, like an apartment building, “the higher of one system or 10 percent of the real estate systems the individual possesses can be run as temporary services”
- On a website with 4 or even more real estate systems that additionally has an industrial usage, that percent bumps to 25%
- Host websites need to place the city STR permit number in their advertisement
- Those host systems will certainly be informed to “de-list” ads at demand of the city and they can not gather costs from STRs that do not have the suitable city license
Airbnb visitors’ demographics for ACL, F1
According to Airbnb information, Formula 1 attracts site visitors from throughout the nation and throughout the globe, consisting of cities fresh York, Boston, Chicago, Seattle, Denver, and Melbourne, Australia. When it comes to ACL, most Airbnb visitors are from Texas, particularly Austin, San Antonio, Dallas, Ft Well Worth, Houston, and El Paso.
Airbnb additionally kept in mind the age distinction in between visitors intending journeys for both occasions. The biggest share of visitors for Formula 1 was in between ages 30-39, while ACL attracts a more youthful group, in between ages 25-29.
More regarding ACL, F1
Austin City Purview Songs Feast will certainly go back to Zilker Park Oct. 3-5 and Oct. 10-12.
Headliners consist of Sabrina Woodworker, Hozier, Luke Combs, The Strokes, John Top, and Doechii will certainly execute in Austin. The Killers were additionally just recently included as one of the fest’s headliners, changing Doja Feline after she went down from the schedule.
A few other significant acts in addition to headliners consist of Cage The Elephant, Realm of the Sunlight, T-Pain, Pierce the Shroud (Weekend Break 2), Maren Morris (Weekend Break One), King Princess, and Japanese Morning meal, to name a few.
The Formula 1 USA Grand Prix will certainly be held at the Circuit of the Americas Oct. 17-19. The weekend break will certainly consist of continuously auto racing activity, efficiencies by Kygo, Garth Brooks, and the Turnpike Troubadours, along with various other occasions in the process.
Details regarding ACL can be located at ACLFestival.com, and even more details regarding the F1 weekend break can be located on COTA’s site.
