Arkansas Tourism Ticker: 2% tourism tax revenue remains on record pace – Talk Business & Politics

tourism industry jobs, the state’s 2% tourism tax and municipal hospitality taxes continue to show that Arkansas’ leisure and hospitality economy remains healthy in 2023 – especially when considering its up against what were record numbers in 2022.

Arkansas’ 2% tourism tax revenue between January and October was $22.062 million, up 6% compared with the $20.809 million in the same period of 2022. Revenue in each month of 2023 set a new record, with those gains compared to record numbers in 2022. A record for monthly collections was set in June 2023 with $2.71 million.

The tourism sector posted record employment of 133,400 in August, and has remained above 130,000 jobs since April.

The tourism tax revenue in 2022 was $24.049 million, up 17% compared with the $20.544 million in 2021. During 2022, revenue set a record in October of $2.528 million, with collections for each month topping $1 million for the first time. The state’s 2% tourism tax revenue fell almost…