HOTEL REPORT: $16.8 BILLION LOSS IN STATE AND LOCAL TAX
REVENUE FROM DROP IN HOTEL OPERATIONS AND OCCUPANCY
Breakdown shows states hardest hit by drop in travel demand

SUMMARY
Hotels are not only a major economic engine in supporting job creation, small business opportunities and economic
activity in states and localities where they operate, they also generate significant tax revenue for states and local
governments—$40 billion in 2018—to fund a wide array of government services. Oxford Economics estimates that due
to the sharp drop in travel demand, hotel operations and room occupancy, state and local tax revenues will drop $16.8
billion in 2020. This does not include additional tax revenue loss from excise tax, fees and property taxes. Some of the
hardest hit states include California (-$1.9 billion), New York (-$ 1.3 billion), Florida (-$ 1.3 billion), Nevada (-$1.1 billion)
and Texas (-$940 million). These tax impacts represent the direct tax revenue decrease from the severe drop in hotel
occupancy being experienced; they do not include the potential significant knock-on effects on property taxes
supported by hotels (nearly $9B).
COVID-19 IMPACT ON TAX REVENUE
GENERATED BY THE HOTEL INDUSTRY

BREAKDOWN OF STATE & LOCAL TAX REVENUE LOSS
(Amounts in millions of dollars)

STATE

TOTAL STATE & LOCAL
TAX REVENUE LOSS

Occupancy
Taxes

Nationwide

$16.8 billion

10,722.86

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi

$105.2 million
$39.9 million
$312.5 million
$60.8 million
$1.9 billion
$253.0 million
$287.1 million
$51.1 million
$154.3 million
$1.3 billion
$335.2 million
$390.7 million
$57.4 million
$691.8 million
$331.4 million
$239.3 million
$76.4 million
$134.8 million
$499.1 million
$65.9 million
$497.9 million
$306.8 million
$498.8 million
$173.0 million
$219.8 million

93.61
34.95
227.14
53.55
1,457.10
155.48
75.90
10.48
134.16
1,005.23
299.88
339.35
46.79
418.49
142.74
62.34
56.28
117.87
119.77
39.76
127.26
243.06
201.73
139.88
35.73

Sales

Gaming

1,182.61 3,925.37
6.65
1.43
32.92
3.97
197.36
30.81
9.42
0.00
11.38
131.30
18.60
20.39
5.47
47.80
10.15
4.75
3.25
5.65
17.17
3.75
13.75
22.62
16.13
13.73
4.88

0.00
0.00
36.25
0.00
30.10
45.67
183.13
38.52
0.00
145.66
0.00
0.00
0.00
184.80
166.50
163.62
14.10
0.00
350.22
16.81
329.06
11.25
258.62
0.00
164.87

Personal
Income

Corporate

Unemp. Ins.
and other
social

645.06

338.17

61.47

3.53
0.00
10.27
1.93
176.33
13.45
14.06
1.19
4.91
0.00
12.39
25.93
2.97
22.73
8.33
6.27
1.66
7.19
8.20
3.84
20.99
19.63
16.72
13.11
6.55

1.48
3.38
5.94
1.36
68.35
5.45
4.41
0.87
3.84
29.42
4.11
5.04
1.62
17.91
3.72
2.31
1.14
3.64
2.13
1.68
5.97
9.92
5.58
6.16
7.75

0.00
0.03
0.00
0.03
27.22
2.17
0.13
0.01
0.00
0.00
0.20
0.00
0.59
0.09
0.01
0.02
0.01
0.49
1.61
0.05
0.91
0.32
0.03
0.17
0.04

 Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

$369.4 million
$36.3 million
$57.8 million
$1.1 billion
$46.5 million
$434.3 million
$119.3 million
$1.3 billion
$289.2 million
$19.5 million
$242.1 million
$144.2 million
$171.7 million
$542.2 million
$35.2 million
$278.4 million
$42.4 million
$311.8 million
$940.3 million
$116.7 million
$60.4 million
$311.3 million
$332.9 million
$223.3 million
$186.5 million
$45.9 million

126.85
31.27
52.90
336.71
42.20
170.87
59.79
968.57
241.60
16.72
213.87
83.99
145.14
239.43
30.75
250.33
31.15
277.76
861.69
95.52
48.23
273.66
294.00
24.70
125.64
41.02

11.07
0.00
2.08
167.92
0.00
20.87
5.59
75.30
21.59
1.32
14.63
5.18
0.00
24.59
2.27
13.99
2.58
24.82
74.62
11.77
6.94
17.34
31.57
2.18
8.81
2.21

219.27
0.00
0.00
642.40
0.00
203.71
49.15
132.18
3.99
0.00
0.00
45.79
5.08
247.99
0.00
0.00
8.18
0.00
0.00
0.00
0.00
0.00
0.00
191.41
37.04
0.00

9.60
2.91
1.90
0.00
0.14
22.71
3.31
83.87
16.87
0.43
10.91
5.27
15.54
18.68
1.21
9.24
0.00
0.62
0.00
6.56
3.24
16.15
0.00
3.59
10.16
0.00

2.47
1.29
0.96
2.68
4.15
13.80
1.29
51.69
5.13
0.55
1.36
2.88
4.34
11.09
0.60
4.45
0.43
8.56
1.71
2.17
2.03
4.13
0.45
1.20
4.89
0.68

0.12
0.81
0.01
0.00
0.00
2.37
0.16
6.16
0.00
0.49
1.36
1.09
1.59
0.40
0.35
0.35
0.01
0.00
2.31
0.66
0.00
0.01
6.92
0.19
0.01
1.95