![]() ![]() Newport’s lodging industry generated $81,579 in tax revenue for the city, nearly twice what it reported in 2020 and 53% more than in 2019. While this is the steepest decline in hotel activity for the two municipalities throughout the entirety of 2021, it mirrors the difference between the two months in both 20.Ĭomparing year-over-year, however, this November was still atypically bustling with hotel stays. In November, Newport and Middletown hotels and lodging businesses saw activity drop by about half of what it was in October, 48% and 56%, respectively. The Division of Taxation later redistributes this revenue back to the municipalities where the hotels are located the following month, except for Newport, which collects and retains this local tax itself. Hotels pay a 1% local hotel tax to the Rhode Island Division of Taxation based on the number of rooms sold. More: Newport County's visitor boon in September 2021 carried into October 'Good step': Newport City Council proposes ban of short-term rentals in residential areasĪfter a record-breaking summer tourism season from June to August in 2021, the Department of Revenue reported hotel and restaurant activity in Newport County declined from September to November, despite still recording more activity each month than in years before the pandemic. The Rhode Island Department of Revenue keeps track of the excise taxes paid by hotels and restaurants throughout the state and compiles reports on the amounts collected per municipality. As November ushered in the 2021 holiday season, skyrocketing short-term rentals boosted hotel tax revenue numbers in Little Compton and Jamestown, while Newport and Middletown hotel stays plummeted from October. ![]()
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