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Tag: financial losses


Finance and Development, Markets

Report: $16.8 Billion Loss In State, Local Tax Revenue From Hotels In 2020 Due To Covid-19

June 19, 2020

Via: Hospitality Net

WASHINGTON — As a result of the sharp drop in travel demand from COVID-19, state and local tax revenue from hotel operations will drop by $16.8 billion in 2020, according to a new report by Oxford Economics released today by […]