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Dormant US hotels will cost cities and states nearly $17 billion in tax revenue in 2020

from Skift

Dormant US hotels will cost cities and states nearly $17 billion in tax revenue in 2020 Skift State and local tax revenue from U.S. hotel operations will drop by $16.8 billion in 2020, according to a report from Oxford Economics, released by the American Hotel and Lodging Association (AHLA) on Thursday.The report serves as another sign of the impact the coronavirus pandemic has had on the larger economy, this time from the hotel industry. READ MORE

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