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McKinney hotels generate record $3.3M in occupancy tax

🏨 Visit McKinney officials announced a record 6.7% increase in hotel occupancy tax revenue during fiscal year 2024-25 surpassing last year’s total by about $200,000.

What happened: The FY 2024-25 total marks the fifth year in a row that hotel occupancy tax revenues have increased. McKinney hotels generated more than $3.3 million in revenue during the year compared to last year’s $3.1 million, according to a Dec. 1 news release from Visit McKinney.

Hotels in McKinney posted year-over-year gains each month, according to the news release. June and July both saw revenue increase more than 12% compared to last year. Average occupancy rate was reported at 71.2%.

Figures are measured from more than 20 hotels and 300 short-term rentals operating in the city, according to the news release.

Measuring the impact: Hotel occupancy taxes are collected from hotels and short-term rentals and that money is used to promote McKinney as a tourist destination through things like marketing campaigns and visitor amenities.

 
Now Open
Red Merrell Toolz Equipment Rental offers tool rentals in McKinney

🏗️ Red Merrell Toolz Equipment Rental is now open in McKinney,  Store Manager Jake Ruestmann said.

The gist: The business offers a variety of landscaping and construction equipment for rent including forklifts and trailers.

📍1750 S. McDonald St., McKinney

 

YOUR WEEKEND TO-DO LIST

Check out these weekend events across the metro area.

To submit your own event, click here!

Denton  |  Dec. 5, 6-9 p.m.

Wassail Fest

More info

 

Flower Mound  |  Dec. 6, 9 a.m. (5K), 9:40 a.m. (1-mile)

Reindeer Run and Grinch Sprint

More info

 

Frisco  |  Dec. 6, 3-8 p.m.

Merry Main Street

More info

 

Plano  |  Dec. 6, 5-7 p.m.

Live Holiday Music at Legacy West

More info

 

Grapevine  |  Dec. 6, 8 p.m.

A Merry Little Christmas Show

More info

 
CI Texas
What to know about the new Texas laws taking effect Dec. 4

A dozen new Texas laws are scheduled to take effect Dec. 4. The new laws come 90 days after the end of a special legislative session that took place this summer.

The overview: Some of the bills becoming law Dec. 4 include:

  • House Bill 8, which will replace the State of Texas Assessments of Academic Readiness, or STAAR, with three shorter exams beginning in fall 2027
  • House Bill 18, which is designed to deter future legislators from leaving the Texas Capitol to prevent a legislative chamber from considering legislation, known as breaking quorum
  • Senate Bill 54, which will roll back a short-lived rule that allowed registered Texas voters who moved within a county to update their address at the polls and immediately vote in their new precinct

Stay tuned: HB 4, the congressional redistricting plan at the center of a federal court battle, is also set to take effect Dec. 4. After a federal court struck the congressional map down Nov. 18, the U.S. Supreme Court temporarily restored it while justices make a final decision.

 

Your local team

Shelbie Hamilton
Editor

Miranda Talley
General Manager

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