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CC 2019-09-24_11a SLO County Tourism Marketing District Renewal_PP Presentation TOURISM MARKETING DISTRICT RENEWAL #SLOCAL VisitSLOCAL SLOCAL.com/TMD 1 #SLOCAL VisitSLOCAL SLOCAL.com/TMD TOURISM’S ROLE ECONOMIC DEVELOPMENT 2 #SLOCAL VisitSLOCAL SLOCAL.com/TMD TOURISM ECOSYSTEM DESTINATION MARKETING 3 2020 INVENTORY FORECAST CHALLENGES & OPPORTUNITIES #SLOCAL VisitSLOCAL SLOCAL.com/TMD SOURCE: STR, Inc. 4 REGIONAL DMMO COMPARISON COMPETITIVE LANDSCAPE Sources: Destinations International (DI); U.S. Census Bureau; DMO websites; STR; BEA *Economic data not available for sub-county level DMOs **Employment in the recreation, food services and accommodation sectors Budget data is for most recent FY available, typically 2018, hotel rooms data is for 2018, economic data is for 2017 #SLOCAL VisitSLOCAL SLOCAL.com/TMD DMO BUDGET IN MILLIONS 5 DMMO BUDGET PER HOTEL ROOM #SLOCAL VisitSLOCAL SLOCAL.com/TMD COMPETITIVE LANDSCAPE Sources: Destinations International (DI); U.S. Census Bureau; DMO websites; STR; BEA *Economic data not available for sub-county level DMOs **Employment in the recreation, food services and accommodation sectors Budget data is for most recent FY available, typically 2018, hotel rooms data is for 2018, economic data is for 2017 $400 $900 $1400 6 DISTRICT TERMS TOURISM MARKETING DISTRICT RENEWAL OPPORTUNITIES FOR MORE LODGING REPRESENTATION ON THE VISIT SLO CAL BOARD #SLOCAL VisitSLOCAL SLOCAL.com/TMD 7 HOTEL TAX & ASSESSMENT COMPARISON #SLOCAL VisitSLOCAL SLOCAL.com/TMD Multiple districts are currently seeking to increase their assessment TOURISM MARKETING DISTRICT RENEWAL 8 LOCAL HOTEL TAX & ASSESSMENT COMPARISON #SLOCAL VisitSLOCAL SLOCAL.com/TMD TOURISM MARKETING DISTRICT RENEWAL 0% 2% 4% 6% 8% 10% 12% 14% 16% 9 KEY STRATEGIES TOURISM MARKETING DISTRICT RENEWAL #SLOCAL VisitSLOCAL SLOCAL.com/TMD DESTINATION MANAGEMENT STRATEGY 10 #SLOCAL VisitSLOCAL SLOCAL.com/TMD TMD RENEWAL: INCREASED FUNDING SCENARIO VISIT SLO CAL INCREMENTAL IMPACTS *after accounting for the loss of revenue due to Highway 1 closure in 2017 Even with Visit SLO CAL, San Luis Obispo County funds tourism promotion at a less than half of the average rate for tourism-focused cities and counties throughout the State. 11 NEXT STEPS TOURISM MARKETING DISTRICT RENEWAL #SLOCAL VisitSLOCAL SLOCAL.com/TMD 12 MEETING SCHEDULE TOURISM MARKETING DISTRICT RENEWAL #SLOCAL VisitSLOCAL SLOCAL.com/TMD 5TH – PASO ROBLES 16TH – GROVER BEACH 24TH – ARROYO GRANDE 1ST – SAN LUIS OBISPO 1ST – PASO ROBLES 8TH – ATASCADERO 8TH – MORRO BAY 15TH – PISMO BEACH HEARING #1: TBD NOV. HEARING #2: TBD DEC. HEARING #3 TBD JAN. 13 #SLOCAL VisitSLOCAL SLOCAL.com/TMD SIGNEES TO DATE TMD PETITIONS Aloha Inn Best Western Casa Grande Inn Hampton Inn 3 Vacation Rentals Signed Petitions Equal 83.28% of City of Arroyo Grande TOT Revenue 14 TOGETHER WE CAN CULTIVATE AWARENESS ESTABLISH NEW MARKETS FOSTER INTERNATIONAL VISITATION DRIVE MORE DEMAND ADVOCATE FOR OUR FUTURE #SLOCAL VisitSLOCAL SLOCAL.com/TMD 15 #SLOCAL VisitSLOCAL SLOCAL.com/TMD Thank you! Chuck Davison, CDME President & CEO Chuck@SLOCAL.com 16