2021 Occupancy Taxes
Visit Elizabeth City is funded solely by occupancy tax collections – paid for by visitors who spend the night in one of our lodging properties, whether hotel, B&B or short-term rental. This 6% tax data is a reflection on both the overall health or our region’s economy and our efforts to drive new and increased visitation. 2020 is of course an anomaly compared to other years due to forced travel restrictions imposed because of the COVID-19 pandemic.
$887,448 $743,158 $665,983 $588,012
Comparing our year-over-year collections by category, we note the significant majority of revenue comes via visitors staying in our hotel properties. However, it’s worth noting the steady YoY growth in the B&B and short-term rental market expanded significantly this year showing 194% growth from 2020 to 2021. This growth shows the importance of alternative accommodations to the destination, and attest to our visitors’ desires for more flexibility in lodging selections.
Page 17
