5. OLD BUSINESS

To: Tourist Development Council

Fr: Emanuel Perry EP

Date: August 04, 2023

Topic: TDC Dashboard August Report–Activity June and FYTD 2023

Bed Tax CollectionsJune 2023 collected in July @ $4.7M compared to the same month last year @ $4.5M was an increase of 6%. Actual June was 50% above Budget and (20%) below the prior month @ $6M. Actual June was 65% higher than 2019. Revenue from non-hotels continue to support Bed Tax Collection during the off-season.

FYTD23 Collections @ $75M, were higher than last fiscal year to date’s $69M by 9%, reflecting a strong recovery from the pandemic. Fiscal Year to Date collections at $75M are pacing 17% ahead of the Approved Budget. FYTD collections of $75M, 56% higher than our Record 2019.