TAMPA FL (Sept. 23, 2021) – Visit Tampa Bay continues fueling Hillsborough County’s economic engine through tourism with hotel occupancy in AugustAveraging 62.4%, which is 5.5% less than the previous year August 2019. The report, commissioned STR Inc., also shows ADR averaging £114.77, a 7.3% growth compared with 2019, as well RevPAR averaging $71.57 – a slight 1.4% decline compared with 2019.
Following another record of taxable hotel revenue, the monthly occupancy report is now available. in JulyTotaling $69 182,559, an amazing 26% increase over the previous period in 2019. This brought the taxable hotel revenue to $559,340.426 for the first eleven months of the fiscal years.
“As our fiscal year nears its close and I reflect back on our year, it’s important to remember that tourism is more than occupancy and revenue numbers, it’s about lifting our communities up and supporting the livelihoods that make Tampa Bay Florida’s Mosttreasured destination,” says Santiago C. Corrada. “I’m proud to see how the ripple effects of tourism reach every corner of our county’s economy and even more proud of the standard Tampa Bay sets for the entire tourism industry as a whole.”
Tourist development collections reflecting JulyIt also reached another milestone by achieving its first 4 million dollar month. in AugustThe total amount was $4,141,491 which beats the previous record by 58.66% in 2019. The change is a contributing factor to this increase inTourism development tax was increased from 5% to 6. in 2020. This brings the fiscal year’s first eleven months to $33,655,477.
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