Dormant U.S. Hotels Will Cost Cities and States Nearly $17 Billion in Tax Revenue in 2020
Photo Credit: Hotel Del Coronado in Coronado, California. Oxford Economics says that California will be hit the hardest in lost tax revenue from hotels in 2020. Wikimedia / Armandoartist
Skift Take
States and cities are going to lose a lot of tax revenues from hotels due to the pandemic. The question is how long will the drought last?
State and local tax revenue from U.S. hotel operations will drop by $16.8 billion in 2020, according to a report from Oxford Economics, released by the American Hotel and Lodging Association (AHLA) on Thursday.
The report serves as another sign of the impact the coronavirus pandemic has had on the larger economy, this time from the hotel industry.
Larger states were among the hardest hit in the report, with California, New York, and Florida all losing above a billion dollars in state and local tax revenue. The other state crossing the bi
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