PROVIDENCE – Collection of the 1% hotel tax in Rhode Island in March totaled $273,920, an 8.7% year-over-year increase, according to the R.I. Department of Revenue Thursday.
Collections from traditional hotels totaled $211,862 for the month, a 1% decline from March 2018. Collections from room reseller and hosting platforms increased 114.9% year over year to $16,551, while collections from realtors and homeowners increased $50.4% to $45,507.
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Providence collected the largest amount of the 1% hotel tax in March at $85,487. The city also collected the most traditional hotel tax and hosting platform and room reseller tax of any municipality at $80,407 and $5,006, respectively.
New Shoreham was the municipality with the highest collection from realtors and homeowners in the state at $16,928.
The largest nominal increase of any municipalities collection in March year over year was in Narragansett, with collections increasing $6,891 to $10,370. The largest nominal decline was in Warwick, where collections declined $4,105 to $37,037. The largest percentage increase in the tax collection occurred in Tiverton, which saw a 1.556.3% jump to $1,043, thanks to the opening of the Twin River Tiverton Casino Hotel in the fall. The largest percentage decline was registered in Jamestown, which saw a drop of 123%.
Fiscal 2019 year to date, collection of the 1% hotel tax in the state was $3.7 million, level with collections from fiscal year-to-date collections in March 2018. Fiscal year-to-date increases in collection from traditional hotels, and hosting platforms and room resellers were offset by a decline in collection from realtors an homeowners.
The largest collection of any municipality fiscal year to date in March was in Newport, collecting $862,486.
The largest nominal decline of any municipality in that time frame was in New Shoreham, where collection of the 1% hotel tax declined $47,101 from one year prior.
The largest nominal increase was in Westerly, where fiscal year-to-date collections totaled $280,508, a 12.4% gain from the same period in fiscal 2018.
Chris Bergenheim is the PBN web editor. You may reach him at Bergenheim@PBN.com.
