As the global pandemic of 2020 continues to wreak havoc on all things tourism, Independent Newsmedia reached out to municipal and tourism leaders to explore the deep impacts of COVID-19 on aspects of the local economy — and those in charge are responding.
From sharp declines in occupancy rates and sales tax remits to population data illustrating the penetration of COVID-19 in both the Scottsdale and Town of Paradise Valley communities, the In The Know podcast explores how leaders are coping with the new economic realities of today.
This episode of the In The Know podcast features exclusive interviews with special guest stars:
To set the stage: due to COVID-19, nearly all of the business for the 50-plus resorts in Scottsdale and Paradise Valley dried up.
In Paradise Valley, the occupancy tax rate for the month of April was down 92% compared to the prior-year — equating to a loss of $502,757, according to the town’s top financial officer. Further, the tax collections for March to June is down 63% — or $1.2 million.
This is imperative for Scottsdale and Paradise Valley because the revenue generated from these resort stays to pay for community needs.
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