PETER CRANIS: June Tourist Development Tax Comes in at Record-Setting $2.226 Million

CRANIS: Over the last 12 months, we have collected $25.876 million

**PETER CRANIS:** The June Tourist Development Tax (TDT) has come in at a surprising $2.226 million – up an impressive 8.8% from last year’s $2.045 million and 18.9% over the June 2021 number of $1.872 million. It is also the ninth best month in TDT collection history. Year to date, we are at $20.188 million which is 14.4% ahead of last year’s previous high of $17.643 million.

PETER CRANIS: Year to date, we are at $20.188 million which is 14.4% ahead of last year’s previous high of $17.643 million.

BREVARD COUNTY, FLORIDA – The June Tourist Development Tax (TDT) has come in at a surprising $2.226 million – up an impressive 8.8% from last year’s $2.045 million and 18.9% over the June 2021 number of $1.872 million.

It is also the ninth best month in TDT collection history. Year to date, we are at $20.188 million which is 14.4% ahead of last year’s previous high of $17.643 million.

Over the last 12 months, we have collected $25.876 million. This picks up the streak that ended last month with 25 of 26 “best month for that month” records and is a strong rebound from a May that was down 1.7%, the first down month since February, 2021.

Looking at TDT by type, hotels represented 63% of the total for the month (down from 68% last month) and vacation rentals were at 36% of TDT (up from 31% last month).

In terms of hotel/motel revenue by city, Cocoa Beach and Cape Canaveral were at 34% and Melbourne and the Beaches were at 28% as a percentage of the total (similar to last month).

Looking ahead to July, we believe we are tracking to be right on pace with last year’s high of $2.28 million so it will come down to the wire to see if we can beat that.

CLICK HERE FOR MORE INFORMATION

– Peter Cranis, Space Coast Office of Tourism Executive Director

**PETER CRANIS:**We now have May TDT numbers and we have collected nearly $18 million with four months of collections remaining in our fiscal year. For June through September, I am projecting we will collect an additional $7.6-$7.8 million. If that happens, we will end the year at $25.6-$25.8 million, about a 10.5-11% growth.

The post PETER CRANIS: June Tourist Development Tax Comes in at Record-Setting $2.226 Million appeared first on Space Coast Daily.

Read at the Space Coast Daily