High visitor counts combined with higher room rates lifted Reno-Tahoe’s lodging sector to its highest annual room tax revenue yet – a sign of its continued recovery from the COVID-19 pandemic.
The greater Reno area, including Sparks and Tahoe’s Incline Village, earned more than $457 million in room tax revenue for the fiscal year ending in June 2022, according to the Reno-Sparks Convention and Visitors Authority. The number represents a nearly 14% increase from the previous $401.2 million record seen in the 2018-19 fiscal year, which was the last full year prior to the pandemic.
All in all, the region set nine monthly room tax revenue records in the last year.