Tourist Tax Revenues

Tourist Tax Revenues

Last Updated: July 11th, 2024

Summary

  • Seasonally-adjusted real tourist tax revenues for the coastal counties rose to $8.1 million in May 2024, a 5 percent improvement from the prior month and 14 percent over the May 2023 figure.
  • Lee County’s seasonally-adjusted real tourist tax revenues increased to $3.3 million in May 2024, up 2 percent from the prior month and 16 percent above the May 2023 figure.
  • Collier County’s seasonally-adjusted real tourist tax revenues climbed to $3.9 million in May 2024, a 9 percent jump from April 2024 and 11 percent over the May 2023 figure.
  • Seasonally-adjusted real tourist tax revenues in Charlotte County improved to $735.9 thousand in May 2024, up 2 percent from the April 2024 measure and 21 percent over May 2023.

About the Data

Tourist tax revenues represent total revenues generated by the tourist development tax (sometimes referred to as the "bed tax") levied on accommodations rented for less than six months. Charlotte, Collier and Lee County currently have a tourist development tax rate of 5% on such accommodations, while Sarasota County has a tax rate of 6%. Keep in mind that the tourist tax rate for each county has been adjusted over time when interpreting results. See the Florida Department of Revenue website for more information on how these rates have changed within each county.

Lee County tourist tax revenue is provided by the Lee County Visitor & Convention Bureau, while Collier County tourist tax revenue information is collected from Collier County Tax Collector's Office. Tourist tax revenue data for Charlotte County is gathered from the Punta Gorda/Englewood Beach Visitor & Convention Bureau. Sarasota County bed tax data was provided by Sarasota Tax Collector. Monthly data for Hendry and Glades County is not available at this time.

Sales data were adjusted from nominal to real values using the U.S. Consumer Price Index for all urban consumers (CPI-U), with all dollar values reported in January 2022 dollars. Lastly, all data is seasonally-adjusted by the Regional Economic Research Institute using the X13-ARIMA-SEATS seasonal adjustment program, software that is produced, distributed and maintained by the U.S. Census Bureau.