Tampa Bay’s hospitality sector is once again reporting record tax revenues

Hillsborough County i Tampa Bay The hospitality industry continues to perform well, with Tourism Development Tax (TDT) revenues exceeding $7 million for the second month in a row.

For the first time in county history, collections exceeded $7 million in consecutive months.

These record hotel tax revenues make April and March 2024 the second and third largest months in the county’s history.

The April harvest (March harvest) increased 5% month-on-month to $7,645,261, following last month’s TDT harvest of $7,290,274.

As cumulative amounts raised for the fiscal year reached $39,680,268, hotel occupancy in April remained strong at 76.4%, in line with last year’s figure.

The average daily rate (ADR) was $181.45 and the RevPAR was $138.65.

Hotel taxable income remains high in April and this year.

“Consecutive months of near-record harvests are key indicators that our region remains the top destination for business and leisure travel,” said Santiago C. Corrada, president and CEO of Visit Tampa Bay.

“As we look to the summer, we are honored to welcome major conventions to Tampa featuring two world-class organizations.

These include the historic Omega Psi Phi Fraternity participating in the 84th Grand Conclave and the annual Destination International convention.