TDC Regular Meeting – August 17, 2020 Agenda Item 10 – Monthly Reports (Information Only) ‐ YTD Bed Tax Collections ‐ VCB Monthly Report FY2020 MONTHLY LOTDT DASHBOARD Occupancy Month Net to TDC +/‐ PY June $ 988,383 ‐19.7% FYTD $ 6,817,173 ‐25.40% % OF BUDGET 75.0% % OF FY 90.14% BUDGETED $7,562,576 Revised 4/16/20 Due to COVID ST. JOHNS COUNTY TOURIST DEVELOPMENT TAX FISCAL YEAR 2020 OCCUPANCY/REPORTING MONTH OCT % PY NOV % PY DEC % PY JAN % PY FEB % PY MAR % PY GROSS RECEIPTS $ 20,153,361 ‐3.5% $ 22,164,465 14.0% $ 25,612,240.19 9.3% $ 23,843,542 8.8% $ 26,848,558 0.9% $ 18,539,154 ‐50.5% EXEMPT RECEIPTS $ (950,454) 62.2% $ (914,441) 54.0% $ (853,447.94) 33.5% $ (634,290) ‐5.8% $ (881,195) 0.8% $ (758,372) 7.6% TAXABLE RECEIPTS $ 19,202,906 ‐5.4% $ 21,250,024 12.7% $ 24,758,792.25 8.6% $ 23,209,252 9.3% $ 25,967,364 0.9% $ 17,780,783 ‐51.7% TOTAL TAX COLLECTED $ 768,116 ‐5.4% $ 850,001 12.7% $ 990,351.69 8.6% $ 928,370 9.3% $ 1,038,695 0.9% $ 711,231 ‐51.7% ADJUSTMENTS $ ‐ TOTAL TAX DUE $ 768,116 ‐5.4% $ 850,001 12.7% $ 990,351.69 8.6% $ 928,370 9.3% $ 1,038,695 0.9% $ 711,231 ‐51.7% LESS COLLECTION ALLOWANCE $ (5,384) 7.6% $ (5,523) 8.5% $ (6,754.74) 23.5% $ (5,647) 3.5% $ (6,290) 7.2% $ (5,601) ‐20.8% PLUS PENALTY $ 593 $ 540 $ 861.68 $ 208 $ 898 $ ‐ PLUS INTEREST $ 10 $ 12 $ 35.24 $ ‐ $ 0.95 $ ‐ TOTAL AMOUNT REMITTED $ 763,335 ‐5.5% $ 845,030 12.8% $ 984,493.87 8.6% $ 922,932 9.3% $ 1,033,304 0.8% $ 705,630 ‐51.8% LESS TAX COLLECTOR & CLERK $ (15,267) ‐5.5% $ (16,901) 12.8% $ (19,689.88) 8.6% $ (18,459) 9.3% $ (20,666) 0.8% $ (14,113) ‐51.8% NET TO TDC $ 748,068.27 ‐5.5% $ 828,129 12.8% $ 964,803.99 8.6% $ 904,473 9.3% $ 1,012,637.58 0.8% $ 691,517 ‐51.8% APR % PY MAY % PY JUN % PY JUL % PY AUG % PY SEP % PY YTD GROSS RECEIPTS $ 7,042,383 ‐78.6% $ 11,309,575 ‐58.7% $ 25,909,024 ‐20.4% $ ‐ $ ‐ $ ‐ $ 181,422,302 EXEMPT RECEIPTS $ (482,749) ‐79.4% $ (396,402) ‐50.7% $ (529,215) ‐46.2% $ ‐ $ ‐ $ ‐ $ (6,400,566) TAXABLE RECEIPTS $ 6,559,634 ‐78.5% $ 10,913,173 ‐59.0% $ 25,379,809 ‐19.6% $ ‐ $ ‐ $ ‐ $ 175,021,735 TOTAL TAX COLLECTED $ 262,385 ‐78.5% $ 436,527 ‐59.0% $ 1,015,192 ‐19.6% $ ‐ $ ‐ $ ‐ $ 7,000,869 ADJUSTMENTS TOTAL TAX DUE $ 262,385 ‐78.5% $ 436,527 ‐59.0% $ 1,015,192 ‐19.6% $ ‐ $ ‐ $ ‐ $ 7,000,869 LESS COLLECTION ALLOWANCE $ (2,335) ‐66.0% $ (3,899.90) ‐39.4% $ (6,950) ‐9.1% $ ‐ $ ‐ $ ‐ $ (48,384) PLUS PENALTY $ 3 $ 340 $ 240 $ ‐ $ ‐ $ ‐ $ 3,684 PLUS INTEREST $ ‐ $ 1 $ 71 $ ‐ $ ‐ $ ‐ $ 129 TOTAL AMOUNT REMITTED $ 260,053 ‐78.6% $ 432,968 ‐59.1% $ 1,008,554 ‐19.7% $ ‐ $ ‐ $ ‐ $ 6,956,299 LESS TAX COLLECTOR & CLERK $ (5,201) ‐78.6% $ (8,659) ‐59.1% $ (20,171) ‐19.7% $ ‐ $ ‐ $ ‐ $ (139,126) NET TO TDC $ 254,852 ‐78.6% $ 424,308 ‐59.1% $ 988,383 ‐19.7% $ ‐ $ ‐ $ ‐ $ 6,817,173 FY2020 OCC. MNTH H/M % PV+‐ Condo % PV+‐ Apts % PV+‐ Camp % PV+‐ B&B % PV+‐ TOTAL October $ 542,409 71.1% ‐7.4% $ 84,746 11.1% ‐0.8% $ 74,540 9.8% 15.2% $ 24,196 3.2% 2.5% $ 37,445 4.9% ‐22.2% $ 763,334.97 November $ 612,491 72.5% 16.4% $ 78,222 9.3% ‐6.6% $ 84,529 10.0% 27.1% $ 27,869 3.3% ‐4.1% $ 41,918 5.0% ‐4.4% $ 845,029.93 December $ 672,743 68.3% 8.0% $ 110,307 11.2% ‐2.9% $ 108,422 11.0% 40.4% $ 31,111 3.2% 1.1% $ 61,911 6.3% 0.0% $ 984,493.87 2020 January $ 595,469 64.5% 9.1% $ 155,440 16.8% 8.5% $ 89,734 9.7% 23.8% $ 42,616 4.6% 12.6% $ 39,672 4.3% ‐12.3% $ 922,931.51 February $ 638,323 61.8% ‐0.1% $ 197,609 19.1% ‐5.1% $ 105,304 10.2% 13.7% $ 47,399 4.6% 13.6% $ 44,668 4.3% 2.2% $ 1,033,303.65 March $ 345,985 49.0% ‐64.3% $ 200,359 28.4% ‐18.7% $ 104,077 14.7% ‐21.6% $ 29,146 4.1% ‐41.8% $ 26,064 3.7% ‐60.2% $ 705,629.94 April $ 158,685 61.0% ‐80.1% $ 38,317 14.7% ‐80.2% $ 35,455 13.6% ‐71.6% $ 16,044 6.2% ‐62.3% $ 11,552 4.4% ‐80.1% $ 260,052.99 May $ 235,536 54.4% ‐67.3% $ 73,674 17.0% ‐50.0% $ 64,835 15.0% ‐40.3% $ 35,465 8.2% 5.6% $ 23,458 5.4% ‐52.0% $ 432,967.85 June $ 544,969 54.0% ‐23.7% $ 223,206 22.1% ‐32.8% $ 151,790 15.1% 8.9% $ 55,332 5.5% 54.8% $ 33,257 3.3% ‐2.7% $ 1,008,553.97 July $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ August $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ September $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ 6,956,298.68 FY 2019‐20 TOURIST DEVELOPMENT TAX REMITTED BY ZIP CODE ST. JOHNS COUNTY TOURIST DEVELOPMENT COUNCIL Anastasia Island Ponte Vedra Beach St. Augustine/Villano/N. Bch Shores/South/207 WGV + west of I95 I95&SR16 + Palencia Other 32080 % TTL +/‐ PY 32082 % TTL +/‐ PY 32084 % TTL +/‐ PY 32086 % TTL +/‐ PY 32092 % TTL +/‐ PY 32095 % TTL +/‐ PY 92+95 OTHER % TTL +/‐ PY TOTAL Fiscal Year 2019 OCT $ 212,305 26.3% 26.5% $ 214,743 26.6% ‐5.0% $ 301,114 37.3% 3.5% $ 5,844 0.7% 25.0% $ 63,909 7.9% ‐10.8% $ 5,843 0.7% ‐56.6% 8.6% $ 4,102 0.5% ‐17.1% $ 807,859 NOV $ 180,084 24.0% ‐17.7% $ 164,032 21.9% 0.0% $ 329,463 44.0% 10.2% $ 9,150 1.2% 60.8% $ 56,228 7.5% ‐15.7% $ 6,276 0.8% ‐48.7% 8.3% $ 4,216 0.6% ‐9.6% $ 749,449 DEC $ 248,110 27.4% 21.6% $ 149,180 16.5% 5.9% $ 423,115 46.7% 5.0% $ 10,116 1.1% 37.6% $ 62,423 6.9% ‐8.9% $ 9,176 1.0% ‐35.2% 7.9% $ 4,578 0.5% ‐3.2% $ 906,699 JAN $ 283,282 33.5% 30.1% $ 164,679 19.5% ‐1.3% $ 314,433 37.2% 1.2% $ 10,496 1.2% ‐6.4% $ 60,025 7.1% ‐3.0% $ 7,267 0.9% ‐20.5% 8.0% $ 4,302 0.5% 17.2% $ 844,484 FEB $ 368,043 35.9% 26.1% $ 206,666 20.2% ‐9.4% $ 353,840 34.5% 7.8% $ 13,172 1.3% 26.3% $ 69,274 6.8% 48.3% $ 8,843 0.9% ‐20.5% 7.6% $ 5,347 0.5% 28.3% $ 1,025,184 MAR $ 482,398 32.9% 4.6% $ 335,788 22.9% 23.5% $ 505,895 34.5% 9.2% $ 15,672 1.1% 22.9% $ 102,146 7.0% 82.9% $ 16,162 1.1% 52.1% 8.1% $ 6,929 0.5% 11.4% $ 1,464,991 APR $ 469,532 38.6% 45.2% $ 238,277 19.6% ‐10.0% $ 394,975 32.5% 2.4% $ 12,954 1.1% 31.7% $ 82,865 6.8% ‐32.6% $ 11,677 1.0% 122.2% 7.8% $ 5,067 0.4% ‐13.8% $ 1,215,346 MAY $ 362,647 34.3% 23.8% $ 247,881 23.4% ‐19.9% $ 349,456 33.0% 3.7% $ 8,790 0.8% ‐1.6% $ 73,711 7.0% ‐0.3% $ 11,304 1.1% 1233.3% 8.0% $ 4,511 0.4% 12.9% $ 1,058,300 JUN $ 583,474 46.5% 17.7% $ 239,769 19.1% 1.0% $ 341,986 27.2% ‐2.6% $ 7,997 0.6% 9.0% $ 69,002 5.5% ‐5.1% $ 10,064 0.8% 896.9% 6.3% $ 3,683 0.3% 1.5% $ 1,255,976 JUL $ 613,847 45.1% 9.2% $ 267,958 19.7% 1.3% $ 386,767 28.4% 5.9% $ 8,530 0.6% 2.5% $ 68,349 5.0% 1.9% $ 10,778 0.8% 527.4% 5.8% $ 5,819 0.4% 38.1% $ 1,362,049 AUG $ 318,562 38.7% 17.7% $ 170,845 20.8% ‐3.1% $ 262,699 31.9% ‐6.8% $ 6,057 0.7% 27.4% $ 52,606 6.4% ‐14.7% $ 7,676 0.9% 472.0% 7.3% $ 3,978 0.5% 20.0% $ 822,422 SEP $ 185,819 32.3% ‐10.8% $ 131,528 22.9% ‐26.5% $ 195,892 34.1% ‐26.1% $ 4,156 0.7% ‐36.4% $ 47,355 8.2% ‐44.3% $ 7,185 1.2% 55.7% 9.5% $ 3,145 0.5% ‐8.6% $ 575,080 FY YTD $ 4,308,104 $ 2,531,345 $ 4,159,634 $ 112,932 $ 807,893 $ 112,251 $ 55,678 $ 12,087,837 Anastasia Island Ponte Vedra Beach St. Augustine/Villano/N. Bch Shores/South/207 WGV + west of I95 I95&SR16 + Palencia Other 32080 % TTL +/‐ PY 32082 % TTL +/‐ PY 32084 % TTL +/‐ PY 32086 % TTL +/‐ PY 32092 % TTL +/‐ PY 32095 % TTL +/‐ PY 92+95 OTHER % TTL +/‐ PY TOTAL Fiscal Year 2020 OCT $ 231,114 30.3% 8.9% $ 171,169 22.4% ‐20.3% $ 276,232 36.2% ‐8.3% $ 7,590 1.0% 29.9% $ 64,981 8.5% 1.7% $ 8,896 1.2% 52.2% 9.7% $ 3,354 0.4% ‐18.2% $ 763,335 NOV $ 222,237 26.3% 23.4% $ 189,136 22.4% 15.3% $ 345,708 40.9% 4.9% $ 8,437 1.0% ‐7.8% $ 65,114 7.7% 15.8% $ 10,323 1.2% 64.5% 8.9% $ 4,074 0.5% ‐3.4% $ 845,030 DEC $ 299,542 30.4% 20.7% $ 161,912 16.4% 8.5% $ 434,116 44.1% 2.6% $ 8,268 0.8% ‐18.3% $ 65,266 6.6% 4.6% $ 10,850 1.1% 18.2% 7.7% $ 4,541 0.5% ‐0.8% $ 984,494 JAN $ 317,911 34.4% 12.2% $ 169,664 18.4% 3.0% $ 339,143 36.7% 7.9% $ 12,647 1.4% 20.5% $ 67,438 7.3% 12.3% $ 11,528 1.2% 58.6% 8.6% $ 4,600 0.5% 6.9% $ 922,932 FEB $ 400,987 38.8% 9.0% $ 203,586 19.7% ‐1.5% $ 350,958 34.0% ‐0.8% $ 14,865 1.4% 12.9% $ 57,225 5.5% ‐17.4% $ 502 0.0% ‐94.3% 5.6% $ 5,181 0.5% ‐3.1% $ 1,033,304 MAR $ 339,886 48.2% ‐29.5% $ 107,042 15.2% ‐68.1% $ 202,979 28.8% ‐59.9% $ 3,909 0.6% ‐75.1% $ 47,047 6.7% ‐53.9% $ 685 0.1% ‐95.8% 6.8% $ 4,082 0.6% ‐41.1% $ 705,630 APR $ 75,798 29.1% ‐83.9% $ 68,142 26.2% ‐71.4% $ 81,540 31.4% ‐79.4% $ 2,254 0.9% ‐82.6% $ 10,749 4.1% ‐87.0% $ 20,402 7.8% 74.7% 12.0% $ 1,168 0.4% ‐77.0% $ 260,053 MAY $ 196,367 45.4% ‐45.9% $ 60,131 13.9% ‐75.7% $ 147,454 34.1% ‐57.8% $ 4,676 1.1% ‐46.8% $ 22,049 5.1% ‐70.1% $ 451 0.1% ‐96.0% 5.2% $ 1,840 0.4% ‐59.2% $ 432,968 JUN $ 468,420 46.4% ‐19.7% $ 154,929 15.4% ‐35.4% $ 316,767 31.4% ‐7.4% $ 18,789 1.9% 134.9% $ 41,476 4.1% ‐39.9% $ 4,515 0.4% ‐55.1% 4.6% $ 3,658 0.4% ‐0.7% $ 1,008,554 JUL $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ AUG $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ SEP $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ FY YTD $ 2,552,262 $ 1,285,713 $ 2,494,897 $ 81,433 $ 441,345 $ 68,151 $ 32,498 $ 6,956,299 8/11/2020 VCB Report to the Tourism Development Council August 17, 2020 1 Smith Travel Research June 2020 FY 2020 Running 12 Months Occupancy (%) Apr May June 2018 2019 2020 This Year 15.5 36.4 52.5 66.6 66.7 54.5 Last Year 74.0 68.1 71.8 65.5 66.6 66.7 Percent Change -79.1 -46.6 -27.0 1.7 0.1 -18.3 FY 2020 Running 12 Months ADR Apr May June 2018 2019 2020 This Year 77.74 108.41 128.78 138.30 142.15 135.12 Last Year 155.03 149.07 140.98 131.91 138.30 142.15 Percent Change -49.9 -27.3 -8.7 4.8 2.8 -4.9 FY 2020 Running 12 Months RevPAR Apr May June 2018 2019 2020 This Year 12.01 39.41 67.57 92.15 94.84 73.62 Last Year 114.72 101.57 101.29 86.39 92.15 94.84 Percent Change -89.5 -61.2 -33.3 6.7 2.9 -22.4 FY 2020 Running 12 Months Supply Apr May June 2018 2019 2020 This Year 165,900 172,081 181,950 2,194,221 2,255,172 2,240,439 Last Year 188,400 194,680 188,400 2,131,358 2,194,221 2,255,172 Percent Change -11.9 -11.6 -3.4 2.9 2.8 -0.7 FY 2020 Running 12 Months Demand Apr May June 2018 2019 2020 This Year 25,638 62,562 95,465 1,462,017 1,504,581 1,220,664 Last Year 139,413 132,652 135,357 1,395,888 1,462,017 1,504,581 Percent Change -81.6 -52.8 -29.5 4.7 2.9 -18.9 FY 2020 Running 12 Months Revenue Apr May June 2018 2019 2020 This Year 1,993,014 6,782,051 12,294,245 202,199,211 213,875,103 164,935,295 Last Year 21,613,784 19,774,349 19,083,065 184,130,519 202,199,211 213,875,103 Percent Change -90.8 -65.7 -35.6 9.8 5.8 -22.9 Source: STR, Inc.