local tax revenue
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-...