Page 73 - FY 2022-23 Revenue Outlook

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

2018-19 2019-20 2020-21 2021-22 2022-23
MONTHLY ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 23,258 13,934 5,500 10,240 14,265 4,025 14,265 19,110
AUGUST 25,127 34,132 5,134 12,240 14,668 2,428 14,668 17,060
SEPTEMBE 23,585 18,300 5,332 12,535 15,674 3,139 15,674 19,590
OCTOBER 21,663 28,329 8,704 10,410 6,722 (3,688) 6,722 17,610
NOVEMBER 23,522 13,595 6,394 11,820 15,936 4,116 15,936 17,670
DECEMBER 16,154 27,525 3,567 10,960 25,548 14,588 25,548 16,560
JANUARY 20,227 8,117 5,407 11,220 15,083 3,863 15,083 18,670
FEBRUARY 16,858 29,587 6,897 9,620 10,982 1,362 10,982 15,460
MARCH 22,810 14,949 4,907 13,225 16,553 3,328 16,131 20,040
APRIL 21,696 15,349 11,337 12,760 25,101 21,380
MAY 22,058 2,997 9,006 14,910 18,270 20,880
JUNE 21,056 4,335 14,507 15,595 17,520 20,450
TOTAL $ 258,015 $ 211,148 $ 86,692 $ 145,535 $ 195,900 $ 224,480
% Change 2.0% -18.2% -58.9% 67.9% 126.0% 14.6%
2018-19 2019-20 2020-21 2021-22 2022-23
CUMULATIVE ACTUAL ACTUAL ACTUAL BUDGET ACTUAL VARIANCE REVISED PROPOSED
JULY $ 23,258 13,934 5,500 10,240 14,265 4,025 14,265 19,110
AUGUST 48,384 48,065 10,634 22,480 28,933 6,453 28,933 36,170
SEPTEMBE 71,969 66,365 15,966 35,015 44,607 9,592 44,607 55,760
OCTOBER 93,632 94,694 24,670 45,425 51,329 5,904 51,329 73,370
NOVEMBER 117,154 108,289 31,064 57,245 67,265 10,020 67,265 91,040
DECEMBER 133,308 135,814 34,631 68,205 92,813 24,608 92,813 107,600
JANUARY 153,536 143,931 40,038 79,425 107,895 28,470 107,895 126,270
FEBRUARY 170,394 173,518 46,935 89,045 118,877 29,832 118,877 141,730
MARCH 193,204 188,468 51,842 102,270 135,430 33,160 135,009 161,770
APRIL 214,901 203,817 63,179 115,030 160,110 183,150
MAY 236,959 206,814 72,185 129,940 178,380 204,030
JUNE 258,015 211,148 86,692 145,535 195,900 224,480

Revised 2021-22 revenue reflects the trend in current receipts. The 2022-23 estimate is based on tourism
industry growth for California coastal regions. Total revenue remains below 2018-19 receipts.

The chart below depicts actual and estimated TOT revenue from hotels and from all TOT activity and reflects the
126 percent increase in year-over-year receipts from the previous fiscal year.

Transient Occupancy Tax Revenue - 12-Month
Moving Sum
(Million Dollars)
350 i
--Actual Revenue -All
300
26 .2 -----Actual Revenue - Hotel
250 ~ ,., ... _.., ... - ... ,-..._\ 229 7 22 .5
-... - ,.,... \
□ Adopted Revenue - All
200 ' ' .9
83. o Adopted Revenue -
150 Hotel
■ Estimated Revenue - All
100
50 • Estimated Revenue -
Hotel
0
12 13 14 15 16 17 18 19 20 21 22 23
Fiscal Year Ending

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