Convention Center Expansion Updates

[We vs us]

Originally Posted by freerover

Thanks! There was a pretty dour update to the tourism commission about hotel taxes leveling off due to the recent openings and we still have the Marriott coming.

I don't think the Marriott itself will reduce the amount of HOT tax being collected . . . it's just adding more rooms to the CBD pot. What it will do (and what we're finally starting to see the Fairmont inventory do) is tamp down average daily rates. While that drives down the HOT tax rate, paired with increased occupancy the amount collected is probably a wash.