Sports activity, rodeos, animal shows and other events helped boost lodging-tax collections 29 percent in Deschutes County in June, according to the Central Oregon Visitors Association.
Hotels, resorts and other lodging businesses in unincorporated Deschutes County collected $445,126 in transient room taxes in June, according to an email from Alana Hughson, COVA president and CEO. Room taxes serve as a gauge for the tourism industry. The amount collected in June also helped boost total Deschutes County lodging tax collections 6.5 percent for the 2011-12 fiscal year, which ended June 30, over the 2010-11 fiscal year, according to data from COVA.
Productivity rebounds in U.S.
U.S. productivity rebounded in the second quarter, posting a solid gain as companies generated more goods and services even though there was little change in the number of hours their employees worked.
The Labor Department said Wednesday that productivity rose 1.6 percent in the April-to-June period, a sharp contrast to the first quarter’s revised decline of 0.5 percent. Economists surveyed by MarketWatch expected productivity to climb by 1.3 percent.
Productivity measures the goods and services generated by an economy. In the long run, higher productivity usually results in higher profits for businesses and bigger paychecks for workers.
The increase in second-quarter productivity comes down to a 2 percent gain in the amount of goods and services produced, known as output, and a much slower 0.4 percent increase in hours worked.
— Staff and wire reports