hotel tax revenue
Hotels Will Pay Historic Wages, Generate Record Level of Tax Revenue in 2024
AHLA | January 29, 2024
Despite labor shortages and persistent inflation, industry recovery continues WASHINGTON (Jan. 29, 2024) – Hotels are projected to pay a record amount of wages and generate a record level of tax revenue in 2024, according to the American Hotel & Lodging Association’s 2024 State of the Hotel Industry report. The report, which forecasts that hoteliers will face continued challenges due to nationwide labor shortages while inching closer to 2019 occupancy levels, is based on data and analysis from Oxford Economics and was created in collaboration with AHLA Premier Partners STR, Avendra, Ecolab, Encore, JLL, Oracle, and Towne Park. Top...
Report: Hotel-Generated State and Local Tax Revenue to Reach New Highs in 2023
AHLA | February 21, 2023
WASHINGTON (Feb. 21, 2023) – Hotel-generated state and local tax revenue will reach new heights nationally ($46.71 billion) and in states across the nation this year, according to state-by-state projections released today by the American Hotel & Lodging Association (AHLA) and Oxford Economics. Average U.S. hotel occupancy is projected to reach 63.8% in 2023 – just shy of 2019’s level of 65.9%. Staffing is expected to remain a challenge for many U.S. hotels in 2023, as the industry continues to grow its workforce back to pre-pandemic levels. “Hotels are making significant strides toward recovery, supporting millions of good-...
