Valley Regional Enterprise Network’s Post

CSE SPOTLIGHT: Edmond's first Lodging Tax increase in 30 years is on the ballot for June 18. This tax – only charged on overnight stays – helps Visit Edmond welcome tourism into our community and increases economic activity. For more information, read the story highlighting the upcoming Lodging Tax vote, featured this week in Edmond Life & Leisure: https://lnkd.in/euPnwqkh #Tourism #Growth #EdmondOK

CPS PC Informational: Five Rules for Turning Your Vacation—Even a Luxurious One— into Tax-Deductible Business Travel Credits: Bradford Tax Institute #businesstravel #deduction #castellon #taxservices #accountingservices

CPS PC Informational: Five Rules for Turning Your Vacation—Even a Luxurious One— into Tax-Deductible Business Travel Credits: Bradford Tax Institute #businesstravel #deduction #castellon #taxservices #accountingservices

Have you heard of the 'Travel Sandwich?' If you go on a business trip and have to do something business-related on a Friday and the following Monday.... You can take the weekend to relax by the pool and still write the entire trip off for business. If you want to learn other tax tips and tricks so you can write off more travel related expenses.... Grab the free travel tax guide I just put together! I teach you so many ways you could be paying less in taxes while you travel the world!! https://lnkd.in/gEpZvj95

A new bill proposed by State Rep. Eddie Morales aims to change the way Alpine can utilize its hotel occupancy tax (HOT) revenue. For years, a state law mandated that at least 50% of this revenue be used for tourism advertising. If passed, this legislation would provide Alpine with greater flexibility in allocating these funds, potentially benefiting various local initiatives. Learn more about this important development here: https://okt.to/oIvDW2

Domestic and international visitors to and within Pitt County spent $312.88 million in 2023, an increase of 7.5%  from $290.97 million 2022. This data comes from an annual study commissioned by Visit North Carolina, a unit of the Economic Development Partnership of North Carolina (EDPNC). “We are incredibly excited to see our tourism visitor spending exceed $300 million for the first time,” stated Andrew Schmidt of Visit Greenville, NC. “Our local tourism economy continues to grow and contribute to the overall economic health of Greenville and Pitt County year over year, and we are deeply thankful to all our tourism and hospitality industry partners for their hard work, and for our all partnerships with them, that help bring more people and awareness to our destination and all the amazing experiences we have to offer.” 2023 Greenville-Pitt County Tourism Impact Highlights: ✅ 2,082- People directly employed in the travel and tourism industry in Pitt County   ✅ $75.2 million- Total payroll generated by the tourism industry in Pitt County  ✅ $11.8 million- State tax revenue generated in Pitt County totaled through state sales and excise taxes, and taxes on personal and corporate income.  ✅ $9.3 million- in local taxes were generated from sales and property tax revenue from travel-generated and travel-supported businesses. ✅ $120.44- Saved by local residents in taxes due to the Pitt County travel and tourism industry ✅ 25th out of North Carolina’s 100 counties in tourism spending 2023 Greenville-Pitt County Tourism Spending Breakdown by Segment: 🏨 Lodging- $65.47 million 🍔 Food & Beverage- $111.84 million 🚵♀️ Recreation- $39.60 million 🛍 Retail- $23.06 million ✈ Transportation- $72.91 million These statistics come from the “Economic Impact of Travel on North Carolina Counties 2023,” which can be accessed at https://lnkd.in/d3JCTbJ. The study was prepared for Visit North Carolina by Tourism Economics. #visitgreenvillenc #greenvillenc #pittcountync #northcarolina #tourismstrong #tourismindustry #travelindustry #economicdevelopment https://lnkd.in/ezqh8hVU

#ThrowbackThursday: This Thursday, we’re revisiting a blog titled “Tourism tax may soon be used for public services” by Erick Winterkamp. This blog was originally published on February 15, 2016. This blog addresses the differing opinions on how the Tourism Development Tax (TDT)should be utilized. TDT are funds reserved for tourism-related projects. However, a few Florida counties have challenged this idea, proposing that they should also used for what are considered public services. Guidelines and rules regarding TDT are pretty loose and open to interpretation, as tourism funds can apply to a lot of different areas and projects. The way that Tourism Development Tax is used and applied also affects Florida's economy. There are a lot of factors to consider, and this blog does just that! You can read the full blog here: https://lnkd.in/ejNZNgn4 #dmcfsu #thinktank #publicpolicy #fsu #florida #floridastate #floridastateuniversity #tourismtax #tourism #economics #tdt #public #publicservice

🏙️ **Proposing an Elegant Solution for Auckland's Hospitality Industry** 🍺 As we navigate the evolving landscape of tourism and hospitality in Auckland, it’s clear that inventive strategies are crucial to revitalizing our sector. One significant solution I believe warrants serious consideration is the **introduction of a targeted bed tax** collected from visitors. Rather than spreading our resources thin across the rest of the country, focusing this initiative specifically on Auckland could yield significant benefits. By reinvesting these funds into high-quality events and experiences tailored for tourists, we not only enhance the allure of Auckland as a vibrant city but also drive increased foot traffic to local businesses. Imagine Auckland as a premier destination for cultural festivals, culinary showcases, and entertainment events—all funded by the very visitors who contribute to Aucklands vibrant hospitality scene. #Hospitality #Tourism #Auckland #EventManagement #SustainableGrowth

tourism policy or tax policy? planning or tax collection? bets are on! #Tourism

If you make monthly payments for your vacation when you book online, you're wasting money. Instead use a travel savings account so you can be prepared when it's time to book your next trip. And I can show you how to save big on the price of your vacation and how to use a travel savings account that will give you a complimentary trip where all you have to do is pay taxes and fees. #vacationtips #timetotravel #saveontravel #throwingmoneyaway #vacationsavings #travelsavings #travelsmarter #adventureawaits #travelbloggers #vacationforless