Record December Caps First-Ever $40 Million Year Of Bed Tax Collections

Monday, February 22, 2016 - 3:35pm

For the first time ever, Pinellas County's calendar year tourist development tax collections crossed the $40 million mark thanks to another month with double-digit gains---this time December, which jumped more than 15%. In total, 10 of the 12 months in CY2015 saw double-digit increases, leading to an increase of more than 12% year-over-year for a total of $40,321,911.10. Just two years ago, Pinellas County crossed the $30 million threshold for the first time ever, becoming one of the state's five high-impact tourism counties. This growth has resulted in a record average daily rate (ADR) of $136 and a 76% occupancy rate. In the past five years, bed tax collections in Pinellas County have increased by 57.5%, ADR has grown by 31.9% and occupancy jumped by 12.9%---all of this without the additional 1% bed tax that started being collected on Jan. 1, 2016.