Arkansas leisure and hospitality segment sees remarkable growth

Saturday, May 13, 2023


The Arkansas leisure and hospitality segment endures in early 2023 with the noteworthy improvements witnessed in 2022. Arkansas’ tourism levy has surged 15.7%, with tourism segment occupations going up nearly 5% during the first two months of this year.

Arkansas’ 2% tourism levy proceeds between January and February stood at $3.129 million, going up 15.7% when equalled to the $2.704 million during the equivalent period of last year. In 2022, the tourism tax income stood at $24.049 million, surging 17% matched to the $20.544 million in 2021. Income witnessed a new monthly high in June 2022 with $2.528 million. Collections for every month topped $1 million for the first time.

Arkansas’ 2% tourism levy proceeds dropped just about 23% in 2020, and even plunged to levels not
witnessed since 2014. 2019 set numerous records for tourism with regard to hospitality tax income and job improvements, marking the fifth successive year of progress according to the Arkansas Tourism Ticker.

Hospitality tax collections from January-February among 17 cities gauged surged 16% when matched
with the equivalent time last year.

Katie Beck, the CEO of the Arkansas Hospitality Association said that this year double-digit surges in
hospitality and tourism levy proceeds shows encouraging advance in Arkansas’s second largest
sector, i.e. tourism. Although staffs remain to be one of the greatest threats for businesses all through
Arkansas, the increase in hospitality segment works is heartening. Generally, such numbers indicate good
news when heading toward an eventful summer season.

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