PANAMA CITY BEACH, Fla. (WTVY) — Visit Panama City Beach and the Bay County Tourist Development Council announce collections for the month of June 2017 were up 10.4 percent compared to June 2016, and the destination is currently up 13.5 percent for the fiscal year, which began October 2016. With this sustained growth, the destination on track for another record breaking year in 2017. This upward trend is a reflection of the destination’s hospitality industry success directly impacting the Bay County economy.
“Everywhere you go in Panama City Beach you see visitors and residents alike having fun and enjoying all that makes our destination so special,” shares Visit Panama City Beach President and CEO Dan Rowe. “Tourism is truly the lifeblood of Bay County’s economy and our entire community should take pride in the success we are having as a world-class, year-round vacation destination.”
Panama City Beach continues to see major investment in the community and multiple new hotels including beachfront Holiday Inn Express & Suites and Hampton Inn locations drawing summer crowds. The destination is also gearing up for an exciting fall season of events including Pepsi Gulf Coast Jam, Pirates of the High Seas Fest, Florida Ironman and more.
The Tourist Development Tax is a five percent tax on short-term rentals including hotels and condominiums. The tax funds marketing and promotional activities led by the Panama City Beach Convention & Visitors Bureau. It is also used for beach cleaning and grooming, product improvement and beach re-nourishment.
For more information on Panama City Beach visit www.visitpanamacitybeach.com or the Bay County Clerk website https://tdc.baycoclerk.com/TouristTax/ to learn more about the bed tax.