Tax

How courts are redefining valuation and what it means for hotels, theme parks, and stadiums in 2026

A new study released by HOTREC, conducted by Syntesia Policy & Economics, examines the potential adverse effects of increased taxation on the hospitality sector across the EU, Iceland, Norway, and the UK. The report warns that significant VAT hikes could trigger a substantial economic downturn, including massive job losses and business closures, particularly affecting SMEs and rural communities.

This fifteenth annual Lodging Tax Study presents data on city, state, and special district lodging and sales taxes imposed on lodging sales. We provide historical data on tax rates and collection and distribution of revenue from lodging taxes levied in all 50 States and the 150 largest US cities. Our analysis of 25 major U.S. hotel markets shows room revenue growth slowing through 2024 and leveling off through the first eight months of 2025, reflecting weakening travel demand across key markets.

A recent analysis of over 6,000 hotels, using CBRE’s Trends® in the Hotel Industry database, reveals dramatic disparities in property tax burdens based on both location and hotel type. This article explores these critical variations, providing insights into how these differences can impact hotel valuations.

This article outlines how intangible assets should be removed from hotel property tax assessments, why post-COVID performance data may overstate future income potential, and how the U.S. personal savings rate provides additional insight into broader economic travel behaviour.

This fourteenth annual HVS Lodging Tax Study presents comprehensive data on city, state, and special district lodging and sales taxes imposed on lodging sales. We provide historical data on tax rates and the collection and distribution of revenue from lodging taxes levied in all 50 States and the 150 largest US cities.

America’s hotels are projected to generate record levels of federal, state, and local tax revenue this year while paying employees historic totals of wages, salaries, and other compensation, according to state-by-state projections released today by the American Hotel & Lodging Association.

This report focuses on three tax incentives proposed under the title ‘American Innovation and Economic Growth,’ applicable to the hospitality industry.

Based on a sample of more than 3,000 hotels from CBRE’s Trends in the Hotel Industry database, U.S. hotel property tax expenditures averaged $2,626 per available room (PAR) in 2022. This is 10.8% less than the $2,943 PAR recorded in 2019, before the COVID-19 pandemic. Concurrently, the earnings before interest, taxes, depreciation, and amortization (EBITDA) for these same properties fell by 1.7%.

National Restaurant Association’s webinar with Frost Law tax experts explains how to get the most out of your returns.