Film credits help hotels, survey says
Bookings meant $5M in “08,’09
By Daniel Duggan
The hospitality industry is stressing the importance of film business to its bottom line as talks in Lansing weigh a cut in the state’s film tax credit.
Figures released to Crain’s indicate almost 50,000 hotel rooms booked in metro Detroit by the film industry in 2008 and 2009. It resulted in nearly $5 million in revenue and roughly another $5 million in food and beverage spending.
“I think the numbers we saw would have been even better without the negative conversations about film credits,” Baum said, referring to talks in the Legislature of cutting the tax incentive.