Fayetteville’s hotel, motel and restaurant (HMR) tax receipts continue to rise in 2012.
According to documents released by Marilyn Heifner, executive director of the Advertising & Promotion Commission, Fayetteville has so far seen record high HMR collections for each month this year.
Total A&P receipts in January were $205,939, a 14.7 percent increase over the same month last year. Collections were up 12.8 percent in February, 18.9 percent in March, 15.9 percent in April and 8.4 percent in May.
Overall 2012 collections for the A&P are at $1,007,049 which is a 14 percent increase on the year.
Below is a graph and table representing five years of HMR tax collections in Fayetteville.
Note: The figures discussed in this post reflect the A&P Commission’s half of the 2 percent tax on hotel and motel stays and food purchases in restaurants. The May report represents April sales.
The 2 percent tax is split equally between the city’s Parks and Recreation Department and the A&P Commission. The parks money is used for parks maintenance, operations and for capital improvements. The A&P funds may be used to promote the city, for construction/operation/maintenance of a convention center, for operation of tourism-related facilities, and for funding of the arts.
The self-reported numbers do not include retail or liquor sales.