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Business Observer Wednesday, Aug. 3, 2022 1 week ago

Hillsborough County’s bed-tax revenue again shatters record

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Tourist development taxes added more than $5 million to the county’s coffers in June.

Hillsborough County, for the 13th consecutive month, has generated a record-breaking amount of revenue from tourist development taxes, also known as bed taxes, bringing in more than $5 million.

According to a news release from Visit Tampa Bay, the destination marketing organization for Tampa and Hillsborough County, June’s $5,381,108 in bed tax revenue represents a 40% increase over June 2021. In its fiscal year, to date, the county has collected $44,969,261 in bed taxes, a 76.2% jump from this time a year ago.

At 71.9%, hotel occupancy was also strong in June, the release states, and total hotel revenue, as of the end of the third quarter of Visit Tampa Bay’s fiscal year, is $268,683,966.

“Each month, Tampa Bay continues to surpass expectations and showcase tremendous economic growth due to the high travel demand and the hard work put in by our exceptional hospitality and tourism industry,” Visit Tampa Bay President and CEO Santiago Corrada states in the release. “With the relaunch of our Bay Crafted campaign and upcoming meetings and conventions, Hillsborough County is set to keep the momentum going through the rest of the fiscal year.”

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