Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLANDO-A signal that the area’s hospitality industry may be turning around comes today in new hotel room tax collection numbers posted by Orange County comptroller Martha O. Haynie.

After two years of sliding revenue, the county’s 120,000 hotel and motel rooms generated a total $93.3 million from the 5% room tax collected for the government’s fiscal year that ended Sept. 30.

The 2003 volume topped the $91.6 million in 2002 but was still below the $104.8 million in 2001 and the record $108.2 million collected in 2000, a year before the tragic Sept. 11, 2001 terrorist strikes in New York and Washington, DC that crimped tourism and crippled the hospitality sector.

Collections in the final month of September totaled $6.2 million, 7.6% higher than the $5.8 million in September 2002. But the 6.2 million was the lowest collection amount of the year. The highest collection period occurred in March with revenue of $9.9 million.

Haynie was pleased with this year’s performance. “It’s nice to see us end the year on a stronger note with collections during August and September exceeding collections for those same two months last year,” she says. “What’s also encouraging is that collections for this fiscal year exceeded collections for last fiscal year by $1.7 million, or roughly 2%, reversing a two-year trend where annual collections have declined.”

Orange County started collecting the room tax in 1979 when first-year revenue totaled $3.5 million. The annual collection volume increased for the next 21 years until it suffered its first decline in 2001, county collection records show.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.