States and cities will see a $16.8 billion drop in tax revenue from the hotel industry this year, the American Hotel & Lodging Association projected.
The tax losses stem from the severe revenue drop hotels have experienced as occupancy rates are lower than what the industry experienced after 9/11, according to Chip Rogers, the association’s CEO and president.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.
