Lodging taxes dip, but year-end total still tops 2011

Lodging tax collections have dipped on a year-over-year basis for the first time in 16 months, but continue to reflect increased business overall for hotels and motels in Grand Junction.

According to the Grand Junction Visitor & Convention Bureau report for December, $64,431 in lodging taxes were collected, 6.7 percent less than the report for the same month last year. The year-over-year decline was the first since the report for August 2011.

For all of 2012, however, lodging tax collections totalled more than $1.2 million, a 5.8 percent increase over 2011.

Since lodging tax reports lag a month behind collections, the December report reflects hotel and motel stays in November. The year-end total reflects business between December 2011 and November 2012. Total collections for the 2012 calendar year will be available in February.

The city assess a 3 percent lodging tax. The VCB uses tax revenue to promote tourism and convention business.

 

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Posted by on Jan 15 2013. Filed under Business News, Trends. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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