Tourist Development Tax collection showed a 68.94% increase in South Walton for October 2020 compared to the previous year. Total collections for October 2020 were $3,366,849.
The Tourist Development Tax, or bed tax, is a 5% 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.
This is pretty crazy how a pandemic both hurts and helps business in SoWal. A lot of locals and businesses are hurting but some are booming.
What do y'all think 2021 will be like?
The Tourist Development Tax, or bed tax, is a 5% 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.
This is pretty crazy how a pandemic both hurts and helps business in SoWal. A lot of locals and businesses are hurting but some are booming.
What do y'all think 2021 will be like?