ST. LOUIS 鈥 Revenues from the area鈥檚 hotel tax soared over the past year, beating officials鈥 expectations.
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A little more than $20 million was collected from the tax 鈥 more than $3.5 million higher than what officials with the 狐狸视频 Convention and Visitors Commission expected during the past fiscal year that ended in June.
The commission, also known as Explore 狐狸视频, collects the 3.75% tax from hotels in 狐狸视频 city and county. The tax is generated from nightly hotel stays.
Hotel taxes in 狐狸视频 spiked 84% during the same year-over-year period 鈥 from July 2022 to June 2023 鈥 while 狐狸视频 County hotels saw an increase of 47%, the commission reported Wednesday during its monthly meeting.
Officials cited the lifting of COVID-19 travel and meeting restrictions for the increase.
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They believe hotel tax revenues will increase again over the next fiscal year as leisure and business travel continues to rebound.