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Laredo tourism staff: hotel-motel tax collections on par with projections; Airbnb rentals not remitting tax
Summary
At a Laredo tourism board meeting, staff reported hotel-motel tax collections are generally on track with projections but said short-term rentals (Airbnb) do not currently remit hotel-motel tax; board members asked staff to return with additional year-to-year comparisons and ADR data to evaluate event impacts.
LAREDO, Texas — Tourism staff told the Laredo Tourism Board that year-to-date hotel-motel tax collections are “on par” with projections, but short-term rentals do not currently remit hotel-motel tax and may complicate comparisons with prior years.
The board heard the financial report during its monthly meeting; a staff presenter said the organization is “pretty much in the last phase of closing our budget” and that collections for the fiscal year are generally tracking to plan. The presenter added, “As of right now, they don't. The Airbnb…
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