The latest Oklahoma City tax revenue numbers show the city's hotel and motel industry has largely finished its recovery from recession, city officials said.
Preliminary collection figures for fiscal year 2012, which ended June 30, indicate the city received nearly $700,000 more than it expected from hotel and motel taxes, according to a memorandum presented Tuesday to the Oklahoma City Council.
The final numbers are in line with where they would have been expected to be by now if there hadn't been a recession, said Kenny Tsoodle, the city's assistant finance director.
“It's kind of returning to business as usual after the recession, and picking up some additional growth from events and things like that,” he said.
Assist from Thunder
Among reasons cited by city officials for the growth in hotel tax revenue was the Thunder's extended playoff run, which culminated in two NBA Finals games in Oklahoma City. The downtown area was flooded with league officials, international media and fans, filling up hotel rooms.
Other sports-related help came from a second straight year of record attendance at the NCAA Women's College World Series at ASA Hall of Fame Stadium in northeast Oklahoma City, according to the city. Strong attendance at State Fair Park's horse shows also contributed.