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New York City scraps hotel tax for the summer
New York City Mayor Bill de Blasio hopes to kick start the tourism recovery by temporarily eliminating hotel room occupancy tax rate for the summer months. The tax will be waived for a three-month period beginning 1 June 2021.
The current hotel occupancy tax rate is currently 5.8%. The city says hotel tax revenue is down about 89% compared to a year earlier.
"It is critical that we lend a helping hand to an industry that is very dependent on tourism, and eliminating the hotel room occupancy for summer is a good step," said City Council Speaker Corey Johnson.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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