R.I. hotel tax collections up more than 4% in October

FISCAL YEAR to date in October, collection of the 1% meal and beverage tax increased 20% to $14.8 million according to figures released by the R.I. Department of Revenue on Dec. 6. / PBN FILE PHOTO

PROVIDENCE – Collection of the 5% hotel tax in Rhode Island in October increased 4.6% year over year to $2.5 million, according to the R.I. Department of Revenue. 

Of the total from figures released on Dec. 6, $2.4 million came from traditional hotels and $88,928 came from hosting platforms and room resellers. 

Tourism districts in the state were allocated $978,912 of the tax collection for the month. Of all tourism districts in the state, Aquidneck Island was allocated the largest amount at $489,065. 

Municipalities were allocated $572,170. R.I. Commerce Corp. received $651,654 and The Providence Warwick Convention & Visitors Bureau was allocated $285,294 of the tax for the month. 

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Fiscal year to date, collection of the 5% hotel tax in October rose to $14.8 million, a jump of 13.2%, or $1.7 million, from collection totals at that time one year prior. 

Fiscal year to date in October, collection of the 1% meal and beverage tax increased 20% to $14.8 million. 

The DOR also released its 1% local hotel tax report on Dec. 6. Collections of the tax in October increased 4.4% year over year to $542,931. 

Collections from traditional hotels increased 4.8% over the year to $484,267 in October, while collections from Realtors and homeowners dropped 54.4% to $17,786. Room resellers and hosting platform tax collections increased 119%, to $40,879. 

Fiscal year to date, collection of the 1% hotel tax in Rhode Island in October increased 14.5%, to $3.4 million. 

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