The lower autumn temperatures didn’t cool the hotel industry’s strong start to Fiscal Year 2025 in Hillsborough County and Tampa Bay.
October’s taxable hotel revenue surpassed $100 million for the first month ever.
Hotel stays earned $101,711,839 in revenue and generated $6,155,987 in Tourism Development Taxes (TDT).
This is a collections record for the month of October, nearly 28% higher than last year.
October’s hotel occupancy rate was 78.5%, also up 14% year-over year.
The Average Daily Hotel Room Rate (ADR) came in at $166.21 and Revenue Per Available Room (RevPAR) at $130.51.
“Robust TDT and hotel figures for October are a strong indication Tampa Bay’s hospitality industry has sustained…
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