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Tampa Bay hospitality sector posts record tax revenues again
The Hillsborough County and Tampa Bay hospitality industry continues to perform well as Tourist Development Tax (TDT) collections topped $7 million for the second-straight month.
This is the first time ever in the county’s history that collections have passed $7 million in back-to-back months.
These record hotel tax revenues make April and March 2024 the second- and third-highest months in the county’s history.
April numbers (March collections) increased by 5% month on month, reaching $7,645,261 on the heels of last month’s TDT collections of $7,290,274.
As cumulative collections for the fiscal year reached $39,680,268, April’s hotel occupancy stayed strong at 76.4%, matching last year’s figure.
The Average Daily Rate (ADR) was $181.45 with RevPAR at $138.65.
April and year-to-date Hotel Taxable Revenue remain robust.
“Back-to-back months of near record collections are key indicators that our region remains a top destination choice for business and leisure,” said Santiago C. Corrada, President and CEO of Visit Tampa Bay.
“As we look to summer, we’re honored to welcome major conventions with two world-class organizations to Tampa.
These are the historic Omega Psi Phi Fraternity for their 84th Grand Conclave, and Destination International’s annual convention.
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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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