Chicago’s Hotel Tax Gamble: Raising Prices to Attract Tourists – The Daily Economy

"There is an old economics adage that says if you want people to buy more of your good or service, you should raise the price. Right?"
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Wally
1 month ago

As a tourist, how much do you look at ancillary costs? Hotel charges, especially little add ons. Transportation charges, taxis or car rentals, overnight parking fees. Local sales taxes on anything you might buy. Taxes in restaurants. Who really tracks all their expenses on a trip and then figures out if and where they got gouged? IL is famous for the little add on taxes that add up.

Mark F
1 month ago

Going unasked in this entire article is what was the City of Chicago was doing with the 17.5% hotel tax before this increase? It sounds to me like there is a lot of useless patronage fat to be cut from government programs promoting tourism in Chicago.

Isn’t Illinois Fun?
1 month ago

Where will the additional tax money really go? Which cronies? Which pet projects?

Sanity please
1 month ago

If you overtax them, they will not come.

Lurker
1 month ago

For the Mamdani Party, the answer to any problem is more taxes. This is what communists do, Seize assets, crash the economy, declare success. Repeat.

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