5. OLD BUSINESS

To: Tourist Development Council

Fr: Emanuel Perry EP

Date: May 5, 2023

Topic: TDC Dashboard May Report–Activity March and FYTD 2023

Bed Tax CollectionsMarch 2023 collected in April @ $12M compared to the same month last year @ $11.4M was an increase of 6%. Actual March was 11% above Budget and 7% above the prior month @ $11.2M. Actual March was 53% higher than 2019, a new record for any March since reporting started.

FYTD23 Collections @ $56.5M, were higher than last fiscal year to date’s $50M by 13%, reflecting a strong recovery from the pandemic. Fiscal Year to Date collections at $56.5M are pacing 10% ahead of the Approved Budget. FYTD collections of $56.5M, 55% higher than our Record 2019.