BROOMFIELD, Colorado – A study by STR's Consulting & Analytics team shows that the total property tax expense for U.S. hotels exceeds a potential $8.1 billion.

The study, which used 2016 HOST (Hotel Operating Statistics) data, found that roughly 36% of all hotel property tax expense resides in 15 counties. While 611 counties comprisedSTR's HOST data, the report studied only those with a sufficient reporting sample.

"Each county assesses and taxes differently when it comes to real and personal property for hotels," said Raquel Ortiz, STR's senior analytics manager. "But overall, we found that the median property tax expense for U.S. hotels is 3.7% of total revenue with a much higher expense percentage for limited-service properties (4.2%) than full-service hotels (3.3%)."

When looking specifically at the 10 largest counties by hotel room inventory, New York County (9.4%) showed the highest property tax percentage of total revenue. Harris County, Texas (5.8%), and Cook County, Illinois (5.6%), ranked second and third, respectively.

Source: STRSource: STR
Source: STR

New York County ($11,091 per room) also represented the highest total property tax on a per-available-room basis, followed by Cook County ($4,368 per room) and San Diego County ($2,842 per room).

Source: STRSource: STR
Source: STR

STR's full and complimentary U.S. Hotel Property Tax Study is available at:https://str.com/host-us-hotel-tax-study.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Nick Minerd
Public Relations Coordinator
+1 (615) 824 8664 ext. 3305
STR