PETER CRANIS: Year-End Tourist Development Tax Revenue Totals Record-Setting $16.9 Million

By  //  November 9, 2021

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September 2021 Tourist Development Tax final number was an incredible $1.38 Million

PETER CRANIS: We now have our September Tourist Development Tax numbers and the final number was an incredible $1.38 million – a 53.4% improvement over September 2020 and a 52.6% improvement over September 2019, making it the best September in history – and frankly that may be a record for years to come.

The final year-end number for TDT this fiscal year is at $16,939,307 million, compared to $13.065 million in 2020 and exceeding the $16.023 million high in 2019.

BREVARD COUNTY, FLORIDA – We now have our September Tourist Development Tax numbers and the final number was an incredible $1.38 million – a 53.4% improvement over September 2020 and a 52.6% improvement over September 2019, making it the best September in history – and frankly that may be a record for years to come.

Clearly, the return to sailing at the Port gave us some added boost, but also people were ready to travel and that is reflected in the numbers.

The final year-end number for TDT this fiscal year is at $16,939,307 million, compared to $13.065 million in 2020 and exceeding the $16.023 million high in 2019.

I’m still in awe of the fact that we had our best year ever even though we were still dealing with the impacts of COVID and even had the 2nd peak during this fiscal year.

Since the recovery began starting in March, our March to September period was at $12.06 million. This is compared to $10.1 million for March – September in 2019, making it our best March – September in history, or as I’ve heard quoted recently – a new benchmark.

Hotels represented 70% of the total for the month and 64% for the year. Looking at TDT by type, vacation rentals are at 29% of TDT for the month and 34% of TDT for the year.

In terms of hotel/motel revenue by city, Cocoa Beach and Cape Canaveral (32%) were slightly ahead of Melbourne and the Beaches (30%) as a percentage of the total.

Getting to $16.9 million for the year after COVID is certainly an amazing accomplishment. Hopefully, we will only go up from here!

– Peter Cranis, Space Coast Office of Tourism Executive Director

“The final year-end number for TDT this fiscal year is at $16,939,307 million, compared to $13.065 million in 2020 and exceeding the $16.023 million high in 2019,” said Peter Cranis, Space Coast Office of Tourism Executive Director.
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