On January 1, 2019, a new Municipal Accommodation Tax was implemented for all Markham hotels (currently 16 total). The purpose of this new tax is to apply 50 per cent of collected funds for the DMC to promote Markham as a diverse meeting, tourism, and entertainment destination. The remaining 50 per cent will be directed to the City’s Lifecycle Replacement and Capital Reserve Fund, which helps support the replacement and rehabilitation requirements for the City’s current and future tourism-related infrastructure.