Page 71 - FY 2020-21 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Transient Occupancy Tax - Hotels

(Thousand Dollars)
2016-17 2017-18 2018-19 2019-20 2020-21
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 20,253 20,507 23,258 22,470 25,818 3,348 25,818 8,801
AUGUST 18,595 26,185 25,127 26,220 22,446 (3,774) 22,446 10,268
SEPTEMBE 27,890 22,303 23,585 24,970 25,105 135 25,105 9,777
OCTOBER 16,746 20,745 21,663 20,540 22,004 1,464 22,004 12,567
NOVEMBER 21,063 22,868 23,522 20,290 21,025 735 21,025 12,414
DECEMBER 18,259 18,579 16,154 24,290 19,253 (5,037) 19,253 23,778
JANUARY 16,936 17,148 20,227 20,170 21,208 1,038 21,208 19,745
FEBRUARY 11,835 17,628 16,858 18,300 17,137 (1,163) 17,137 17,918
MARCH 23,198 20,097 22,810 23,170 20,173 (2,997) 20,173 22,685
APRIL 17,887 22,360 21,696 22,770 11,147 22,294
MAY 20,923 23,265 22,058 23,850 9,340 23,353
JUNE 22,499 21,317 21,056 24,960 9,370 24,435
TOTAL $ 236,083 $ 253,002 $ 258,015 $ 272,000 $ 224,025 $ 208,035
% Change 2.3% 7.2% 2.0% 5.4% -13.2% -7.1%
2016-17 2017-18 2018-19 2019-20 2020-21
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 20,253 20,507 23,258 22,470 25,818 3,348 25,818 8,801
AUGUST 38,848 46,692 48,384 48,690 48,264 (426) 48,264 19,069
SEPTEMBE 66,738 68,995 71,969 73,660 73,368 (292) 73,368 28,846
OCTOBER 83,483 89,740 93,632 94,200 95,372 1,172 95,372 41,413
NOVEMBER 104,546 112,608 117,154 114,490 116,397 1,907 116,397 53,827
DECEMBER 122,805 131,187 133,308 138,780 135,650 (3,130) 135,650 77,605
JANUARY 139,741 148,335 153,536 158,950 156,858 (2,092) 156,858 97,350
FEBRUARY 151,576 165,963 170,394 177,250 173,995 (3,255) 173,995 115,268
MARCH 174,775 186,060 193,204 200,420 194,168 (6,252) 194,168 137,953
APRIL 192,661 208,420 214,901 223,190 205,315 160,247
MAY 213,585 231,685 236,959 247,040 214,655 183,600
JUNE 236,083 253,002 258,015 272,000 224,025 208,035
Current year revenue from hotels has been revised downward to reflect actual receipts and the projected drop in
last quarter receipts from the impact of the pandemic. A net decline of 7.1 percent is assumed for 2020-21 based
on industry estimates of a 60 percent pandemic-driven contraction followed by modest recovery in receipts.

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