September Bed Tax Numbers up 7% Year Over Year

by December 3, 2012 • 1 comment

Looking at the bed tax revenue numbers for August, September’s had been released at the beginning of the month!  It’s always super insightful to see where September falls as for many, it’s the last big hooray for the summer tourism season.  For many still, October proves a strong month as fall tourism is popular at the beach before November and December drop sharply.

This September didn’t feel as frenzied with the lack of TDC planned events like we had last year, but at Panama City Beach Luxury Properties, we were still sold out each weekend through the month.  In addition, most of our larger properties enjoyed strong weekly rentals through the entire month.

For the industry, bed tax revenue collections were over 7% up for September 2012 over September 2011 and rang in at a total of $999,168.09

A close look at the numbers.
  • September 2012 – $999,168.09 – single point:  $199,833.62 – 7.65% up over previous year
  • September 2011 – $928,161.56 – single point:  $185,632.31 – 16.7% up over previous year
  • September 2010 – $795,301.87 – single point:  $159,060.37 – 0.0% neutral over previous year (oil spill year)
  • September 2009 – $795,698.44 – single point:  $159,139.69 – 2.1% up over previous year
  • September 2008 – $467,386.73 – single point:  $155,795.58 – 17.7% up over previous year
  • September 2007 – $397,000.56 – single point:  $132,333.52
When considering gains, it’s always fun to look at where we are in comparison to where we were a few years ago.  For example, before the oil spill, many considered the 2008 summer tourism season a good baseline for strong tourism.  When compared to that year, 2012 is  25.6% up.

Industry wide in Bay County for September 2012, $19,983,361.80 was generated in reported room-night revenue.

The numbers from the previous months this year
  • August 2012 – $3,007,148.42 – up 1.52% over previous year
  • July 2012 – $3,007,148.42 – up 1.52% over previous year
  • June 2012 – $2,737,780.66 – up 19.88% over previous year
  • May 2012 – $1,408,512 – up 24.95% over previous year
  • April 2012 – $1,270,835.84 – up 4.45% over previous year
  • March 2012 – $1,769,821.69 – up 19.38% over previous year
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1 Macusto January 12, 2014 at 3:01 am

The competition also saw the wemlcoe return of 2007 world youth 100m champion Asha Philip, who has not competed seriously for more than three years, ever since a trampolining accident. Philip, now 20, clocked 7.40 for 60m, her second fastest time ever behind her 7.35 PB.

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