Tourist Development Tax collection showed an impressive 20.28% increase in South Walton for May 2019, compared with the previous year. The Tourist Development Tax, or bed tax, is a four percent tax collected on hotels, condos and other short term rentals. It is the best way to gauge visitation and demand trends in South Walton. The revenue supports tourism marketing and beach operations including cleaning and maintaining beaches, lifeguards, destination improvements and preservation initiatives.
Can someone tell me how this is possible when I hear from rental companies that business is down?
Can someone tell me how this is possible when I hear from rental companies that business is down?