Tourist Development Tax collection hits all-time record at nearly $20 million in FY2016

FOR IMMEDIATE RELEASE

Lynn Hobeck Bates, 941-955-0991 Ext. 103

lhobeck@visitsarasota.org

  

SARASOTA, Fla. (November 17, 2016) – Visit Sarasota County (VSC) will officially announce  year-end numbers for Fiscal Year (FY) 2016 (October 1, 2015-September 30, 2016) at the Tourist Development Council meeting at 4 p.m. today.  In FY 2016, Tourist Development Tax (TDT) collection increased to $19,963,516, representing a 4.7% increase over FY2015.   In FY2016, 1,147,350 visitors stayed in paid lodging representing an increase of 1.4%, and both direct expenditures and economic impact increased 3.4% over FY2015.

“We are excited to share this news,” said Virginia J. Haley, CDME, president of Visit Sarasota County. “Overall tax collections in Sarasota County were record-breaking indicating visitor spending in the destination was strong and the tourism industry will continue to work together to continue this momentum.”

Average Daily Rate (ADR) increased year over and occupancy rates were down less than one percent.

For media inquiries, please contact Lynn Hobeck Bates at 941-955-0991 Ext. 103 or lhobeck@visitsarasota.org.

 

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Visit Sarasota County leads and supports the tourism industry in Sarasota County by providing the highest quality, and most innovative, marketing programs and promotions to ensure the continued growth of tourism and travel from visitors around the world.  It is the mission of VSC to make Sarasota County the must experience destination on Florida’s Gulf Coast.

  

Lynn Hobeck Bates, APR

Communications Manager

Visit Sarasota County

1777 Main Street, Suite 302

Sarasota, FL 34236

941-955-0991 Ext. 103

 

It is the VSC’s policy that email communication be handled consistently with Florida's Public Records Law and may be subject to disclosure upon a request.

 

Check out what is there is to see and do in Sarasota County at  www.visitsarasota.org or via our mobile app Visit Sarasota.