5% hotel tax collection in March plummets over 50% Y/Y

COLLECTION OF the 5% hotel tax in Rhode Island in March declined over 50% year over year to $562,853. / PBN FILE PHOTO/MARY MACDONALD
COLLECTION OF the 5% hotel tax in Rhode Island in March declined over 50% year over year to $562,853. / PBN FILE PHOTO/MARY MACDONALD
PROVIDENCE – Collection of the state 5% hotel tax in March declined 50.7% year over year to $562,853, the R.I. Department of Revenue said Tuesday. The decline in collection coincided with the economic shutdown in the state due to COVID-19, which largely took effect in mid-March. A majority of the collection came from traditional hotels…

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