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The Berkshire Business OutlookAuthor: The Greylock Glass
The BBO is a check-in on the local economy through business profiles and interviews with professionals who understand issues relating to local commerce. Language: en-us Genres: Business News, News Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Berkshire Business Outlook #8: Will tax changes impact your local lodging business?
Episode 9
Thursday, 3 February, 2022
A new report from Avalara, a leading provider of tax compliance automation for businesses of all sizes shows, year-over-year travel spending has dropped 42% (almost $500 billion) in 2020 and the hotel industry was expecting to have $59 billion less revenue from business travel in 2021 than in 2019. A loss of lodging revenue for hotels equates to a loss in lodging tax revenue for state and local… Source
