Page 74 - FY 2021--22 Revenue Outlook

REVENUE MONTHLY STATUS REPORT
Transient Occupancy Tax - Hotels
(Thousand Dollars)

2017-18 2018-19 2019-20 2020-21 2021-22
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 20,507 23,258 13,934 8,801 5,500 (3,301) 5,500 9,940
AUGUST 26,185 25,127 34,132 10,268 5,134 (5,134) 5,134 11,940
SEPTEMBER 22,303 23,585 18,300 9,777 5,332 (4,445) 5,332 12,100
OCTOBER 20,745 21,663 28,329 12,567 8,704 (3,863) 8,704 10,110
NOVEMBER 22,868 23,522 13,595 12,414 6,394 (6,020) 6,394 11,520
DECEMBER 18,579 16,154 27,525 23,778 3,567 (20,211) 3,567 10,660
JANUARY 17,148 20,227 8,117 19,745 5,407 (14,338) 5,407 10,920
FEBRUARY 17,628 16,858 29,587 17,918 6,897 (11,021) 6,897 9,320
MARCH 20,097 22,810 14,949 22,685 4,906 (17,779) 4,906 12,790
APRIL 22,360 21,696 15,349 22,294 9,110 12,460
MAY 23,265 22,058 2,997 23,353 9,750 14,610
JUNE 21,317 21,056 4,335 24,435 9,688 15,160
TOTAL $ 253,002 $ 258,015 $ 211,148 $ 208,035 $ 80,390 $ 141,530
% Change 7.2% 2.0% -18.2% -1.5% -61.9% 76.1%
2017-18 2018-19 2019-20 2020-21 2021-22
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 20,507 23,258 13,934 8,801 5,500 (3,301) 5,500 9,940
AUGUST 46,692 48,384 48,065 19,069 10,634 (8,435) 10,634 21,880
SEPTEMBER 68,995 71,969 66,365 28,846 15,966 (12,880) 15,966 33,980
OCTOBER 89,740 93,632 94,694 41,413 24,670 (16,743) 24,670 44,090
NOVEMBER 112,608 117,154 108,289 53,827 31,064 (22,763) 31,064 55,610
DECEMBER 131,187 133,308 135,814 77,605 34,631 (42,974) 34,631 66,270
JANUARY 148,335 153,536 143,931 97,350 40,038 (57,312) 40,038 77,190
FEBRUARY 165,963 170,394 173,518 115,268 46,935 (68,333) 46,935 86,510
MARCH 186,060 193,204 188,468 137,953 51,842 (86,111) 51,842 99,300
APRIL 208,420 214,901 203,817 160,247 60,952 111,760
MAY 231,685 236,959 206,814 183,600 70,702 126,370
JUNE 253,002 258,015 211,148 208,035 80,390 141,530

Revised 2020-21 revenue reflects the impact of extended restrictions on travel and the pandemic and economy-
driven drop in demand. The 2021-22 estimate assumes herd immunity and the end of travel restrictions by the
end of July, with receipts reflecting this recovery the following month. Growth is based on tourism industry
estimates for Los Angeles County. Despite the predicted 75 percent increase in receipts, total revenue is below
2018-19 receipts.
The chart below depicts actual and estimated TOT revenue from hotels and from all TOT activity and reflects the
67 percent drop in year-over-year receipts from the pandemic.

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