Tourism Revenue Beats Total for FY17 with 1 Month to Go in FY18
September 18, 2018 by PR@VisitTampaBay.com
More than $31M in tourism tax funds collected in 11 months
TAMPA (September 18, 2018) – Visit Tampa Bay reports that as of August – 11 months through the current fiscal year -- Hillsborough County has already smashed the Tourist Development Tax collection for all of FY17.
The August bed tax report, which covers hotel room nights in July, brought the total TDT collections for the current budget year to more than $31.5 million. Occupancy for the month averaged 70.2 percent and RevPAR (Revenue Per Available Room), a key component of hotel profitability, averaged $72.75. Total hotel revenues for the month came to $50.5 million, according to industry analyst STR Inc.
“This year continues to be a watershed time for Tampa Bay tourism,” said Santiago C. Corrada, President & CEO of Visit Tampa Bay. “As a destination, we’re setting new records and bringing on exciting new attractions and experiences that will encourage even more visitors to unlock Tampa Bay in the coming months.”
About Visit Tampa Bay
The hip, urban heart of Florida’s Gulf coast beats in Tampa Bay. Visit Tampa Bay encourages adventurous travelers to unlock sun, fun and culture in Florida’s most diverse travel destination. We are a not-for-profit corporation that works with 800 partners to tell the world the story of Tampa Bay. Treasure awaits.