HVS Convention, Sports, & Entertainment Facilities Consulting (HVS CSE) is pleased to announce the release of its second annual U.S. Lodging Tax Study which explores the current status and historical trends in the imposition of lodging taxes in the United States.
This updated version expands the HVS U.S. Lodging Tax Study to provide information on lodging tax rates and collections in all 50 states and in the 150 largest cities in the United States. HVS identifies the lodging tax rates levied at the state, county, city, and special district levels, and the collection and distribution of revenue from lodging taxes. A detailed list of recent and scheduled rate changes accompanies the findings.
This report documents the industrys recovery from the Great Recession. In thirty-two states and roughly half of the cities we analyzed, including New York City, Austin, Miami and Spokane, hotel room revenues have reached or exceeded prerecession levels,said Tom Hazinski, Managing Director of HVS CSE.
This study provides a valuable source of comparative information for destination marketing and sales organizations and hotel sales managers. As cities compete for price sensitive hotel business, lodging tax rates have become an important factor in consumer choice, as they range from 7% to over 17.5% of total lodging costs. This study shows that State tax rates have remained stable over the past year. State lodging tax rates increased in only one state and declined in three states. We found that sixteen cities have increased tax rates in 2012 and 2013 and that only three have reduced tax rates, Hazinski said.
Click here for the complete Lodging Tax Study available complimentary for the Media Only.
About HVS CSE
HVS Convention, Sports, & Entertainment Facilities Consulting has performed hundreds of assignments around the world analyzing the feasibility of convention and conference centers, hotels, arenas, stadiums, event and civic centers, performing arts facilities, hospitality developments, tourism attractions, entertainment/urban development districts and museums. Our service delivery methods set the industry standard with techniques based on sound economics and rigorous analytical methods. For this study, HVS used comprehensive annual financial reports, annual adopted budgets, revenue reports, media sources, and interviews with government finance officials to determine the tax rates and amounts of lodging tax collections at the state, county, city, and special district level. This data collection effort allowed HVS to rank the 150 largest cities in the United States according to the total lodging tax rates in their urban center.
About HVS
HVS is the worlds leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries. Established in 1980, the company performs 4500+ assignments each year for hotel and real estate owners, operators, and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of more than 30 offices and 450 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. Visit www.hvs.com.
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