PROVIDENCE – Five percent hotel tax collections climbed year over year by 16.4 percent in September, and increased 14.6 percent when comparing the first three months of the fiscal year with the same period in 2014, the state Department of Revenue said this week.
Five percent hotel tax collections grew to $2.4 million in September. For the first three months of the fiscal year, they increased to $7.8 million, the agency said.
The hotel tax is collected on the rental of rooms in the state and distributed through a formula to regional tourism districts, municipalities, the R.I. Commerce Corporation, Providence Warwick Convention & Visitors Bureau and R.I. Convention Center Authority.
Acting Director of Revenue David M. Sullivan said state hotel tax revenues “grew strongly” year over year in September, and generated more than $500,000 for the Commerce Corporation, which will use the funds to execute a state-level tourism promotion campaign. Sullivan noted that fiscal year-to-date numbers were “robust,” and contributed nearly $1.7 million to the Commerce Corporation’s promotion campaign.
“The enhanced revenues for tourism promotion and business attraction should pay dividends in future months as visitations increase and out-of-state businesses are made aware of everything Rhode Island has to offer,” Sullivan said in a statement.
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