Hotel-Generated Federal, State & Local, And Lodging Tax Revenue

2024 projections by state Oxford Economics and STR – April 2024 Hotels are important contributors to communities across the country, generating tens of billions in tax revenueeach year. In 2024, hotels are projected to generate a total of nearly $83.4 billion in tax revenue – $29 billion infederal taxes and nearly $54.4 billion in state and local taxes, which include nearly $26.4 billion in lodging taxes(sales taxes on room revenue, hotel occupancy taxes and tourism improvement district fees, and other taxes onroom rentals). The 2024 projections are a 4% increase over the $80.2 billion generated in 2023, and 23% morethan 2019’s $67.8 billion total. Note:State and local taxes include taxes on lodging, sales, gaming, employees’ personal income, corporate taxes,unemployment insurance, excise taxes and fees, and property taxes. Federal taxes include taxes on employees’ personalincome, corporate taxes, indirect business taxes and Social Security taxes.