From Research: March TDT Breaks $30M, Hospitality Employment Up

From Research TDT 

March TDT Collections Break $30M Threshold
Collections of Orange County's tourist development tax (TDT) set an all-time monthly high in March, reflecting a busy spring break season for area hotels and attractions. The tax, which is charged on short-term rentals such as hotels and motels, generated $30.8 million. That represents an 11.9 percent increase over March 2017 and an 11.8 percent increase year to date. In 2017, Orange County collected a record $260 million in TDT.

Leisure and Hospitality Employment Up 4.8%
Employment in Orlando's leisure and hospitality industry grew 4.8 percent from March 2017 to March 2018, representing an additional 12,300 jobs for Central Florida. The industry accounted for 29 percent of total private sector job growth and one out of three (34 percent) additional jobs in the overall service sector. Orlando's leisure and hospitality industry has now recorded 97 consecutive months of growth versus the same month prior year. Growth in leisure and hospitality turned positive in March 2010, four months sooner than growth in total private employment began.

 

 

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