PROVIDENCE – The collection of the 5% hotel tax in Rhode Island in February totaled just over $1 million, an 8.5% increase year over year, according to the R.I. Department of Revenue Wednesday.
Collection of the tax came largely from traditional hotels, accounting for $959,190 for the month, while hosting platforms and room re-seller collections totaled $42,078, an 8.3% decline year over year.
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Allocations of the 5% hotel tax in February for regional tourism districts totaled $350,013, a 15.3% increase year over year. The largest allocation for the month of all regional tourism districts was to Aquidneck Island, totaling $113,384.
The DOR noted that the allocation structure of the 5% hotel tax changed from February 2018 to February 2019 for regional districts, municipalities, R.I. Commerce Corp. and The Providence Warwick Convention & Visitors Bureau, making year-over-year figures less comparable for the purposes of hotel tax collection performance analytics.
Allocations of the tax to municipalities totaled $233,263, a 9.4% increase year over year. The largest allocation to any municipality was to Providence, at $63,180, which represented a decline for the month of 1.5%. The largest nominal increase in 5% hotel tax collection year over year was in Warwick, where allocation increased 41.3% to $54,786. The largest allocation decline was in New Shoreham, falling $8,773 year over year to $1,156
Allocation to the R.I. Commerce Corp. of the tax totaled $271,515, a 4% decline year over year.
The allocation of the 5% hotel tax collection in February to the Providence Warwick Convention & Visitors Bureau totaled $146,475, a 19.2% increase year over year.
Fiscal year to date, collection of the 5% hotel tax totaled $14.8 million, a 1.8% increase from fiscal-year-to-date collection in February 2018.
Chris Bergenheim is the PBN web editor. You may reach him at Bergenheim@PBN.com.
