The Bay County Tourist Development Council announces record tourism development tax collections for Panama City Beach in the month of June 2015, indicating a record number of visitors for that month. The collection was an increase of 6.6 percent over the same month in 2014. For the fiscal year beginning in October 2014, Panama City Beach tourist development tax collections are up 11.4 percent, over the same timeframe from the previous year.
"Successful sports tournaments during the month of June were an important part of Panama City Beach's June success and our destination continues to be embraced as a year round vacation destination," shares Bay County Tourist Development Council (TDC) Executive Director Dan Rowe. "As we enter our busiest time of year, we look forward to continuing this trend of record-breaking visitation throughout the rest of 2015."
As a destination for those seeking a beach getaway, Panama City Beach hosts events each and every month that bring in visitors from around the country. During the month of June, multiple sports competitions and tournaments attracted young athletes from around the country. Many fans and families extended their vacations at the beach after their favorite teams took the field. Exceptional weather showcased one of the world's most beautiful beaches and fueled an increase in visitation throughout the month.
The Tourist Development Tax is collected from a special taxing jurisdiction within Bay County on short-term vacation rentals including hotel and condominiums. It is the most accurate gauge to estimate destination visitation numbers. The Tourist Development Tax proceeds fund the marketing and promotional activities performed by the Panama City Beach Convention & Visitors Bureau. It is also used for beach cleaning and grooming, product improvement and beach renourishment.
For more information on Panama City Beach visit www.visitpanamacitybeach.com or the Bay County Clerk site https://tdc.baycoclerk.com/TouristTax/ to learn more about this tax.