Charlotte Generates $5.8 Billion in Tourism Revenue
North Carolina Tourism Achieves Record $35.6 Billion in Visitor Spending for 2023
According to a recently released travel spending report from the North Carolina Department of Revenue, visitor spending in the state reached an unprecedented $35.6 billion in 2023. This impressive milestone marks yet another year of record-breaking performance for North Carolina's tourism industry, continuing the momentum from 2022’s historic achievements.
Mecklenburg County Hospitality Tax Revenues: Fiscal Year 2024 Overview
In addition to its position as the top county for traveler expenditures, Mecklenburg County also saw significant growth in hospitality-related tax revenues during the fiscal year of 2024 (July 2023 – June 2024). These revenues came from a combination of room occupancy taxes, food and beverage taxes, and car rental taxes. Here’s a breakdown of the figures:
· Room Occupancy Taxes (8%): $83,375,401 generated from $1.043 billion in room revenues.
· Food & Beverage Taxes (1%): $53,469,990 from $5.35 billion in food and beverage sales.
· Car Rental Tax Revenues: $28,754,604.
For comparison, the 2023 fiscal year (July 2022 – June 2023) yielded slightly lower figures:
· Room Occupancy Taxes (8%): $80,179,331 from $1.01 billion in room revenues.
· Food & Beverage Taxes (1%): $51,129,810 from $5.12 billion in food and beverage sales.
· Car Rental Tax Revenues: $26,498,081.
This upward trend in tax revenues further underscores the growing strength of the hospitality industry in Mecklenburg County, contributing to its overall economic impact on the state.
2023 vs. 2022: A Comparative Overview of Growth
As we look at the record-breaking hospitality revenues of 2023, it's clear that North Carolina's tourism industry continues to expand. The $35.6 billion in visitor spending represents an impressive leap forward from 2022's revenue figures, underscoring the growing importance of the sector. Mecklenburg County led the state in tourism dollars, followed by Wake County with $3.3 billion, and Buncombe County with $3 billion.
(The data and information was gathered from the
Greater Charlotte Hospitality & Tourism Alliance www.charlottehta.com )
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