2021 HVS Lodging Tax Report - USA | By Thomas Hazinski & Joseph Hansel


2021 HVS Lodging Tax Report - USA | By Thomas Hazinski & Joseph Hansel While the impacts of the COVID-19 pandemic on the lodging industry are ongoing, this tenth annual HVS Lodging Tax Study quantifies the revenue impact of the pandemic over the past year. An analysis of 25 major US markets shows losses totaling approximately $1.3 billion in 2020 from historical levels in 2019. HVS forecasts a loss of $1.45 billion in rooms revenue in 2021 from a baseline scenario with no pandemic. HVS also provides historical data on tax rates and the collection and distribution of revenue from lodging taxes levied in all 50 States and the 150 largest US cities.

Tags: Travel, Usa, US, States, HVS, Thomas Hazinski, Joseph Hansel

Source:  http://www.hospitalitynet.org/news/154000320/4106410.html