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Tourism tax revenue reaching record high

Tourism tax revenue reaching record high

Feb 12, 2019 | 5:37 PM

Hotel tax revenue is expected to reach a record high.

That’s according to the City of Vernon’s economic development officer who says that while numbers for December are yet to be released, hotel tax revenue could exceed $1 million in 2018 which would be a monumental first for the city.

 

“Overall we are fairly flat but you will see our MRDT revenue for the first time will surpass $1 million in 2018,” said Poole at Monday’s city council meeting.

Poole admits that the record revenue has a lot to do with the spike in the MRTD, otherwise known as the hotel tax for the region.

In January of 2018, MRTD went up from 2% to 3 %.

The city receives 2.8% of the 3%  to fund tourism marketing for the city and the additional funds go towards the provincial government’s Tourism and Events Program.