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| Jamie Lane |
Atlanta, GA, July 15, 2014 -- PKF Hospitality Research, LLC (PKF-HR) today announced the
release of the “Hotel Occupancy Tax Calculator,” an Excel-based tool that gives
local agencies the ability to incorporate objectively developed forecasts into
their estimates of future hotel occupancy tax collections.
“The calculator
helps agencies improve their projections and avoid operational inefficiencies,
such as unjustified budget cuts, hiring freezes and changes in tourism
promotion efforts,” said Jamie Lane, senior economist with PKF-HR.
The award-winning
calculator estimates taxed revenues for the next five years using the PKF-HR
Hotel Horizons® econometric forecasting methods. These highly accurate forecasts come from estimating the stable
statistical relationship between measures of the economy and hotel performance
for the metropolitan area in which the tax district is located.
“The Hotel Occupancy
Tax Calculator allows users to customize their forecasts based on the taxing
juristiction historical data and also make alternative assumptions about key
inputs, such as occupancy tax rates,” Lane added.
For a complete copy of the company’s news release, please
contact:
Jamie Lane
Chris
Daly
PKF Hospitality Research,
LLC Daly Gray Public Relations
Tel: 404 809 3950 Tel:
703 435 6293
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