DOR: 5% hotel tax revenue climbs in September, fiscal YTD

THE R.I. DEPARTMENT OF REVENUE said 5 percent hotel tax revenue increased 9 percent over the year in September. / COURTESY R.I. DEPARTMENT OF REVENUE
THE R.I. DEPARTMENT OF REVENUE said 5 percent hotel tax revenue increased 9 percent over the year in September. / COURTESY R.I. DEPARTMENT OF REVENUE

PROVIDENCE – The 5 percent hotel tax generated $2.3 million in revenue for the state in September, a 9 percent increase compared with revenue of $2.1 million recorded in September 2015, the R.I. Department of Revenue said Tuesday.

The DOR said the September funding was split between eight regional tourism districts ($974,706, which is 9.5 percent more than in September 2015), municipalities ($557,791, a 9.9 percent increase), R.I. Commerce Corp. ($532,327, a 16.4 percent increase) and the Providence Warwick Convention and Visitors Bureau ($272,644, a 6.7 percent increase).

Little Compton had the greatest percentage increase in funding over the year in September at 12,816.5 percent, while Pawtucket had the greatest over the year percentage decrease at 94.2 percent. Newport had the greatest nominal increase over the year at $34,529, while New Shoreham had the greatest nominal decrease at $6,070.

Fiscal year to date, 5 percent hotel tax revenue increased 5 percent to $8.2 million from $7.8 million during the prior fiscal period.

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Regional tourism districts again received the largest share, at $3.5 million, a nearly 5 percent increase compared with the previous fiscal period. Municipalities received $1.97 million, a 5.7 percent increase; R.I. Commerce Corp., $1.8 million, a 10.7 percent increase; and the PWCVB, $912,911, a 5 percent increase.

Little Compton again had the greatest percentage gain in revenue fiscal year over fiscal year at 3,042.2 percent, while Pawtucket again had the greatest percentage decline at 89 percent. Providence had the largest nominal increase over the fiscal year at $22,761, while Pawtucket had the largest nominal decrease at $9,788.

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