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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.

 

The Business Times has served as the definitive source for Grand Junction business news since 1994. The journal offers news, views and advice you can use twice each month in print with daily updates online at www.TheBusinessTimes.com
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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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