Hotel revenue for the second quarter of 2018 was more than $70.4 million, according to Municipality of Anchorage reporting released at the end of August. The report put Q2 bed tax collections at $7.5 million, down about 3 percent compared to the same period in 2017. The slight dip in hotel revenue and tax collections for the quarter can be attributed to a soft May compared to 2017. May 2017 benefited in part from a one-time military exercise, among other factors. Historically, the second quarter of the year typically accounts for about nearly 30 percent of total annual bed tax collections.
Rental car tax collections for the municipality during the same period were $1.59 million, up slightly compared to collections in Q2 2017.
Not familiar with the terms in this story? Read out guide to hotel performance terms.