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Daytona Beach, FL – Bed tax collections continue on a record pace for Volusia.
The latest report from Mid-Florida Marketing & Research – the company that gathers and analyzes all kinds of tourism-related data for the county – shows the county’s hotels and motels hauled in $919,369 in bed taxes from customers for the month of June.
That’s the first time in at least a decade that June’s Tourism Development Tax collection went over the $900,000 mark, according to the report.
Money from the TDT – also known as the “bed” tax – goes to fund the county’s tourism marketing efforts via the advertising authorities in West Volusia, Southeast Volusia and the Halifax area.
It’s also the 9th consecutive month where the countywide monthly bed tax collection did better than the same month the year before. The last time it failed to do that was last September when the TDT collection fell $1,173 short of September 2013’s mark.
September was also the only month in Volusia’s 2013-14 fiscal year where the TDT collection wasn’t higher than the same month the year before.
June 2014’s collection came in at $819,840, which by itself was the first time in nearly 10 years that the monthly bed tax for June was over $800,000.
So far in 2015, Volusia has gathered $7,236,018 in bed tax since the beginning of the 2014-15 fiscal year, which is already higher than what the county gathered in TDT tax for the entire fiscal years of 2008-09, 2009-10 and 2010-11. There are 3 months left in the current fiscal year.
Mid-Florida’s report shows a nearly 12% positive change in the TDT between this fiscal year and the one before.
It also shows double-digit gains for all 3 of Volusia’s advertising authorities in June’s Convention Development Tax collection. That goes to fund the debt on the county-run Ocean Center in Daytona Beach.
The Halifax area’s CDT mark of $702,645 for last June is a 12% increase over that same month the year before, while Southeast Volusia’s mark of $180,222 is just over an 11% increase and West Volusia’s mark of $30,291 is a nearly 23% increase.
Copyright 2015 Southern Stone Communications.
