5. OLD BUSINESS

To: Tourist Development Council

Fr: Emanuel Perry EP

Date: April 7, 2023

Topic: TDC Dashboard April Report–Activity February and FYTD 2023

Bed Tax CollectionsFebruary 2023 collected in March @ $11.2M compared to the same month last year @ $9.9M was an increase of 13%. Actual February was 20% above Budget and 21% above the prior month @ $9.2M. Actual February was 60% higher than 2019, a new record for any February since reporting started.

FYTD23 Collections @ $44M, were higher than last fiscal year to date’s $38M by 15%, reflecting a strong recovery from the pandemic. Fiscal Year to Date collections at $44M are pacing 10% ahead of the Approved Budget. FYTD collections of $44M, 55% higher than our Record 2019. Highlights