Re:San Francisco Hotels Are World’s Priciest as Rates Surge
by jessaustin on Wednesday July 01, 2015 @04:34PM
(#9814946)
Businesses specifically want to show you the price they're charging you, as apart from the taxes they're forced to collect...
This is a bit of a cheat, first because high lodging taxes are often created at the request of local hotel owners: it typically feeds a tourism-advertising slush fund. Also, we're now overrun by TIF, a scheme by which government loan guarantees for development are theoretically repaid by higher "taxes" on business in the developed area. In that case hotel guests are directly paying the bills for hotel investors.
This is a bit of a cheat, first because high lodging taxes are often created at the request of local hotel owners: it typically feeds a tourism-advertising slush fund. Also, we're now overrun by TIF, a scheme by which government loan guarantees for development are theoretically repaid by higher "taxes" on business in the developed area. In that case hotel guests are directly paying the bills for hotel investors.