The data are broken down by market, with every area in the state being covered by at least 1 market. Certain state and local governments also impose excise taxes on lodging at a fixed amount per unit of sale, such as a $1.00 per room night fee for the furnishing of a hotel room. Show publisher information STR: U.S. hotel results for week ending 22 April, STR: Coronation, Eurovision driving hotel bookings in key U.K. markets, STR: Canada hotel occupancy reached five-month high in March, Hotel construction down across world regions, STR: U.S. hotel results for week ending 15 April, STR: U.S. hotel performance for March 2023, STR: Eid al-Fitr boosts hotel bookings in key Middle East markets, STR: U.S. hotel pipeline shows confidence in business travel, STR: U.S. hotel results for week ending 8 April, STR: Bogot hotel industry reported highest RevPAR on record in March, STR: Berlin hotel performance increased in March, Baird/STR Hotel Stock Index down 3.4% in March, Investors, Developers, Advisors, & Lenders. Occupancy Rate of Hotel Industry in the United States From 2001 to 2020. Accessed on February 16, 2022. A paid subscription is required for full access. Accessed May 01, 2023. https://www.statista.com/statistics/200205/outlook-for-the-us-lodging-industry-occupancy-rate-since-2019/, PwC. You only have access to basic statistics. statistic alerts) please log in with your personal account. Please select your region below to continue. 10.65 million American hospitality workers were fired or laid off in 2020. Most counties, especially large tourist areas, collect their own tourist tax. Total Contribution of Travel and Tourism to Gross Domestic Product (GDP) Worldwide From 2006 to 2020. Accessed on February 16, 2022. Here are the numbers for each quarter following that through Q2 2021: The average employee of the U.S. leisure and hospitality industry makes $19.44 an hour. The state collects state and county sales tax. This means that an average of 44% of U.S. hotel rooms were occupied throughout 2020. The U.S. tourism industry was valued at $545.11 billion in 2020. The state collects the state sales and travel tax. Some cities also levyhotel oraccommodation tax. Baird/STR Hotel Stock Index down 3.4% in March 12 April 2023 The Baird/STR Hotel Stock Index dropped 3.4% in March to a level of 5,355. As of May 1, 2017, for Airbnb rentals, Airbnb is required to collect state hotel occupancy taxes and is required to file a Texas Hotel Occupancy Tax . The industry is expected to begin to grow again, however, and was forecasted to reach $772.48 billion in 2021. Lodging is subject to state and county sales tax, plus any city or county lodging tax. The hotel industry is a major player in the global and U.S. economies. There are no local taxes in Rhode Island, all tax is paid to the state. Data Shows Hotel Occupancy in US Continues to Improve 1348 0 obj <>stream A boutique hotel is generally defined as a high-end, independent hotel with fewer than 100 rooms and a . Please create an employee account to be able to mark statistics as favorites. You need at least a Starter Account to use this feature. @Ym1C*Lli O"_/i e:((ZSd[)):#Qvc@)Mf4M-5 4? Sd43 N)!? 7815 Royal Street East. Economic News Release: Employment Situation Summary. Accessed on February 16, 2022.