Please ensure Javascript is enabled for purposes of website accessibility

Collier bed-tax revenues rise


  • By
  • | 3:09 p.m. December 7, 2012
  • | 2 Free Articles Remaining!
  • Charlotte–Lee–Collier
  • Share

NAPLES — Collier County collected $734,419 in bed taxes in October from tourists staying in area lodgings, a 6.2% increase over the same month in 2011 and a record amount for October.

“This is the tenth month in a row that we have seen more visitors and more spending, indicating a growing confidence in the economy,” says Jack Wert, executive director for the Naples, Marco Island, Everglades Convention and Visitors Bureau, in a statement.

The bureau says market tracker Research Data Services estimated that visitors spent $62 million in Collier County in October, a 10.2% increase over October 2011. Tourists pay a 4% bed tax on lodging in Collier County, which funds the bureau's activities.

The research firm also reported that revenues per available room at Collier lodgings in October rose 7.2% to $75.60 compared with the same month one year ago. This is an important gauge of the hospitality industry and is a factor of average daily occupancy and rate.

 

Latest News

×

Special Offer: Only $1 Per Week For 1 Year!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.