TUMON, Guam — Since 2012 the annual amount of occupancy tax — an 11% sales tax charged for temporary residences, such as hotel rooms — has sharply increased. From $26 million in 2012, the tax collected more than $40 million in fiscal 2016, a growth of 54% prior to factoring for inflation.
“Of course, the largest sector that provides income to the island is the tourist industry,” Gary Hiles, chief economist at the Department of Labor Bureau of Labor Statistics, said. “Usually arrival numbers are what get the most attention, but the figure . . .
This content is available only to subscribers. If you are a member, please log in.