PCB June bed taxes up 10.4 percent
A tax charged on hotel stays in Panama City Beach increased by 10.4 percent in June compared to the same month last year, a sign of robust tourism growth, officials said.
The bed taxes, which are charged on hotel stays and short-term rentals, are up 13.5 percent for the fiscal year, which began October 2016. Its the fifth consecutive month of double-digit increases in bed tax revenues.
With the sustained growth, PCB is on track for another record breaking year in 2017, tourism officials said.
“Everywhere you go in Panama City Beach, you see visitors and residents alike having fun and enjoying all that makes our destination so special,” Visit Panama City Beach President and CEO Dan Rowe said in a prepared statement. “Tourism is truly the lifeblood of Bay County’s economy, and our entire community should take pride in the success we are having as a world-class, year-round vacation destination.”
Source: Panama City News Herald