Saratoga had record-breaking year during 150th celebrations
SARATOGA SPRINGS, N.Y. -- This past summer was a record-breaking one for Saratoga Springs during its five-month celebration of the 150th anniversary.
Saratoga County netted $327,034
for its general fund from occupancy taxes levied on room reservations during
the period from June 1 to August 31, 2013, an all-time record, and a 3.5 percent
increase over the corresponding quarter from the previous year. The county
receives one percent of revenue from all taxable room reservations.
The city of Saratoga Springs
reported even higher gains with a net record windfall of $1,152,500 from room
reservations within its boundaries, a 4.1 percent increase over last summer.
Overall net revenue from room reservations within the city reached a record
high of $23,049,996 between June 1 and August 31.
The city's portion from occupancy
taxes is divided among three entities: the Saratoga Convention and Tourism
Bureau nets $461,000; the Saratoga Springs City Center receives $461,000; and
the city's general fund garners $230,500.
"Saratoga Springs has a rich
heritage as a tourist destination and resort town, especially in the summer
months. The numbers announced today highlight the region's stature as one of
New York's premiere travel locations," said City of Saratoga Springs Mayor
Scott Johnson. "The record-breaking revenues gained from the strong summer
tourism season will only further elevate the city's standing as we continue to
draw visitors from across the nation to experience the Spa."
This year's numbers have also
nearly doubled from the start of the millennium. In 2001, Saratoga County
netted $166,815 from hotel room reservations during the summer months or just a
little more than half of the current revenue total of $327,034.
While visitors flocked to downtown Saratoga, attendance at Saratoga Race Course dipped slightly compared to 2012.
The racing season ran from July 19th through Labor Day.
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