• Wed. Nov 30th, 2022

Arkansas Tourism Ticker: Data Shows Strong Recovery and Growth in Tourism Industry

ByStephanie M. Akbar

Nov 14, 2022

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The state’s 2% tourist tax and tourism and travel industry jobs set new records in the first eight months of 2022, showing the industry is recovering and growing after pandemic shutdowns of 2020.

Revenue from Arkansas’ 2% resort tax between January and August was $16.314 million, up 18% from $13.819 million in the same period in 2021 and up 36 .5% compared to the same period in 2019 before the pandemic. Tax collections in 2021 ($20.544 million) set an annual record for the tax, and revenues set a new monthly record in June of $2.528 million.

State 2% resort tax revenue fell nearly 23% in 2020 and fell to levels not seen since 2014. 2019 set several records for the industry in resort tax revenue. and job creation, and marked the fifth straight year of growth as measured by the Arkansas Tourism Ticker.

Hospitality tax collections from January to August in 17 cities surveyed for the Arkansas Tourism Ticker increased 16.14% from the same period in 2021 and 20.6% from the same period in 2019 before the pandemic.

“The latest tourism numbers continue to show a booming hospitality industry in Arkansas. The double-digit increases in revenue and jobs in the tourism sector over the same period last year is good news so that the industry is working towards a full recovery,” said Katie Beck, CEO of Arkansas Hotel Association.

Katie Beck, CEO of the Arkansas Hospitality Association.

The Arkansas Tourism Ticker is managed by Talk Business & Politics and sponsored by the Arkansas Hospitality Association. The ticker uses the following three metrics to examine the health of the state’s tourism industry.
• Hospitality tax collections – prepared food tax and lodging tax – from 17 cities in Arkansas (cities listed below with collections for each city);
• Tourism employment figures as reported by the US Bureau of Labor Statistics; and
• Collection of 2% Arkansas state tax.

The results of the Tourism Ticker report from January to August 2022 are:
• Increase of 16.14%
Hospitality tax revenues in January-August 2022 among 17 Arkansas cities surveyed for the Arkansas Tourism Ticker compared to the same period in 2021

• 18% increase
Arkansas Statewide 2% Tourist Tax Collections Jan-Aug 2022 vs. Same Time in 2021

• 10.2% increase
Average monthly employment gain in Arkansas tourism industry in January-August 2022 compared to the same period in 2021

Combined hospitality tax collections across the 17 cities totaled $43.64 million in January-August 2022, up 16.14% from $37.575 million in the same period of 2021. also increased by 20.6% from the $36.167 million in the same pre-pandemic period. period of 2019.

Link here for a PDF of the full Arkansas Tourism Ticker report.

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