VOLUSIA COUNTY, Fla. Central Floridas tourism economy has suffered mightily due to the coronavirus, causing huge downfalls in tourism tax dollars, otherwise known as tourist development tax collected from hotel and vacation rental stays.
The Volusia County Revenue Division reported a nearly 80% drop in tourist development tax, or TDT, dollars in April.
Compared to April 2019, which saw $1.1 million in tourist development tax revenue, this April only brought in $239,943.
The county began to see the fallout from coronavirus closures in March when the county reported $1,024,406 in TDT dollars, compared to nearly $1.6 million from the same time last year.
Similarly in Orange County, Comptroller Phil Diamond reported a record 97% drop in revenue from tourism tax dollars in April.