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Business guests will find New Jersey hotels taxing.

Publication: Business Travel News
Publication Date: 08-SEP-03 		Format: Online - approximately 639 words
Delivery: Immediate Online Access

Article Excerpt
New Jersey's first-ever, statewide occupancy tax of 7 percent, which became effective Aug. 1, has diminished its hotels' significant cost advantage over neighboring New York City properties. The tax has stirred debate between the administration of Gov. James McGreevey, which promoted the measure as a way of generating much needed revenue, and lodging industry representatives, who fear a drop in bookings.

Yet, New Jersey still enjoys a considerable cost differential when compared with New York City, where occupancy tax--which was amended June 1--is 13.625 percent. In addition, a $2 per night surcharge is added to...

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