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VOL. 127 | NO. 142 | Monday, July 23, 2012

Oxford Tourism-Related Taxes at Record Levels

AP

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OXFORD, Miss. (AP) — Oxford tourism-related taxes hit an all-time high in April.

Figures presented at Wednesday's Oxford Tourism Council meeting showed the hotel and motel tax for April 2012 climbed 27 percent compared to the month of April in 2011 with $22,838 in taxes collected.

April tends to be one of the community's biggest months for tourism in the spring due to two local events, according to The Oxford Eagle. The annual Grove Bowl and the Double Decker Arts Festival draw thousands of visitors to Oxford and the University of Mississippi.

The already-strong tax figures could jump even higher in coming years with the addition of several new hotels.

Chan Patel, the owner of the Hampton Inn in Oxford, is building a new hotel near the Oxford Conference Center and he has purchased land to build a boutique-style hotel.

On West Jackson Avenue, Bruce Patel of Tupelo, Miss., plans to build a small, boutique hotel.

Some of the tourism council members questioned whether Oxford could support so many new hotels.

"We are getting reports from hotel owners that they average about a 50 to 60 percent occupancy," Mary-Kathryn Herrington, director of tourism, said.

Council member Jim McCauley said a 50 to 60 percent occupancy rate year-round is a pretty good number.

"At 50 or 55, it pays your bills and you're making some money," he said.

___

Information from: Oxford Eagle, http://www.oxfordeagle.com

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 146 11,266
MORTGAGES 96 170 14,073
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 194 340 24,374
BANKRUPTCIES 58 135 8,567
BUSINESS LICENSES 28 51 3,822
UTILITY CONNECTIONS 0 137 13,594
MARRIAGE LICENSES 14 49 3,080

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