5-25-088 Attachment 4.xlsx
XLSX spreadsheet 16 KB Posted
- Attached to
- Raleigh/Wake Hospitality Tax Funds - 2025-2026
- Solicitation number
- 25-088
- Issued by
- Wake County, Teachey Town, North Carolina
About this file
This document is an Excel attachment (Attachment 4) related to visitor estimates and return on investment for Wake County, North Carolina, specifically focused on hospitality tax funds for the 2025-2026 fiscal period. The spreadsheet provides a detailed template for organizations to estimate visitor impacts, including Wake County residents, day visitors, and overnight visitors, with instructions to fill in highlighted cells to calculate potential economic and tax revenue projections.
The attachment includes comprehensive calculations for estimating economic impact, featuring meal spending rates ($27 for day trips, $43 for overnight trips), room occupancy rates ($139.72 per night), and associated tax collection estimates. The document breaks down potential revenue streams, including 1% Food & Beverage Tax, 2.5% Sales Tax, and 6% Occupancy Tax, with a mechanism to calculate the return on investment by dividing the funding request to the county by total annual hospitality taxes collected. The template is designed to help organizations demonstrate the potential economic benefits of their proposed projects to Wake County and the City of Raleigh, who are seeking proposals to support arts, cultural, sports, or convention facility developments.
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Other files
| File | Type | Posted |
|---|---|---|
| 1-25-088 Hospitality Tax RFP.pdf | ||
| 6-25-088 Attachment 3.xls | XLS spreadsheet | |
| 3-25-088 Attachment 2.pdf | ||
| 2-25-088 TC.pdf | ||
| 4-25-088 Attachment 1.pdf |
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Text version
Attachment 4
| Attachment 4: Visitor Estimates and Return on Investment |
| Updated August 2025 |
Insructions: Fill in highligted cells with visitor estimate counts. Only fill in highlighted cells.
The spreadsheet will calculate the estimated taxes collected for Food and Beverage Spending, Room Occupancy Taxes, and Wake County Sales Tax.
| Definitions: |
| Wake County resident: Visitor from within Wake County |
Day Visitor - Visitor from outside of Wake County that doesn't spend the night Overnight Visitor - Visitor from outside 75 mile radius of proposed project that spend the night (include total number of nights if visitor will stay multiple nights)
| Hotel Room Rate = $139.72/per night* | |
| Meal Rate on Day Trip = $27/per day** | Meal Rate on Overnight Trip = $43/per day** |
Visitor Estimates, Economic Impact and Taxes Collected
1. Estimated Wake County residential visitors (annual) =
| Estimated Food and Beverage Spending and Taxes Collected | |||||
| Number of Visitors | Meal Rate | Meal Spending | |||
| 2. Estimated Day Visitors (annual) = | X | $27.00 | = | $ - 0 |
3. Estimated Overnight Visitors (annual) = X $43.00 = $ - 0
4. Total Meal Spending = $ - 0 X 1% Food & Bev Tax = $ - 0 X 2.5% Sales Tax $ - 0
| Estimated Room Occupancy Spending and Taxes Collected | |||||
| Number of ON Visitors | Party Size | Number of Rooms | Room Rate | Room Spending |
5. Estimated Overnight Rooms (annual) = ÷ 2.7 = - 0 X $139.72 = $ - 0
| 6. Total Room Spending | = | $ - 0 | X 6% Occupancy tax = | $ - 0 |
| X 2.5% Sales Tax | $ - 0 |
7. Annual Hospitality and Sales Tax Collections = $ - 0
| 8. Return on Investment based on taxes collected (in years) = |
| (Calculate by dividing Funding Request to County by Total Annual Hospitality Taxes Collected) |
| *Source: CoStar Group for the Greater Raleigh Convention and Visitor's Bureau (2025) |
| **Source: Longwoods International |
File details come from the government source that posted it. Updated .