The TDC has reported after the “One Year Recovery” from the pandemic, data comparison for April 2021, to “ground-zero” April 2020 and our previous record April 2019. I am pleased to report that we have a new Bed Tax collections Record for April 2021 activity. Our Bed Tax Collections for April 2021 activity collected in May of $6.2 million dollars is the highest for any month of April ever recorded since reporting began.
What is a "bed tax collection"? It's a sales tax collected by the State of Florida plus any discretionary sales surtax which is applied to room rentals, occupy living quarters, housekeeping accommodations for rental periods 6 months or less.
The Fiscal Year 2021 to Date Bed Tax Collections of $32.9 million are still (9%) lower than FY2020 and still lagging our Record FY2019 by (22%) for the same period. The good news is this April's performance, the expectations for May and a strong Summer of 2021 provide the expectations for a bullish Outlook for the rest of FY2021 in comparison to our original forecast.