TOURISM ECONOMICS SNAPSHOT

May 2020 TDC Meeting

May TDC Meeting

Monthly Totals- March 2020

May TDC Meeting Source: STR

March 2019 March 2020 % Change

Room Nights

Sold563,374 341,292 -39.4%

Average Daily

Rate$210.66 $181.95 -13.6%

Revenue per

Available Room$186.69 $95.77 -48.7%

Monthly Market Comparison – March 2020

Source: STR May TDC Meeting

Location Room Nights Sold % ChangeAverage Daily

Rate% Change2

Revenue per

Available Room% Change3

St. Pete/Clearwater 341,292 -39.4% $181.95 -13.6% $95.77 -48.7%Orlando 1,625,156 -53.5% $121.76 -16.1% $49.15 -61.7%Miami-Dade 786,111 -48.8% $210.13 -17.3% $89.37 -58.9%Fort Lauderdale 503,887 -41.5% $166.89 -13.0% $81.25 -50.7%Tampa 374,675 -38.7% $132.66 -12.7% $66.73 -49.7%Palm Beach County 263,451 -41.9% $233.79 -14.0% $112.88 -51.8%Osceola County 259,207 -49.1% $89.82 -13.7% $37.30 -56.0%Fort Myers 202,979 -38.7% $224.61 -8.5% $121.10 -43.9%Sarasota/Bradenton 167,269 -39.8% $183.41 -8.9% $90.94 -47.0%Florida Keys 160,499 -43.1% $350.76 -4.5% $179.22 -46.0%Bay County 122,448 -22.9% $125.77 -21.9% $59.31 -49.2%Naples 112,508 -42.9% $318.85 -10.8% $142.18 -51.2%Florida 6,532,094 -44.0% $156.78 -13.7% $72.72 -53.0%

Fiscal Year 2020 Totals

Source: STR May TDC Meeting

FY 19 FY 20 % Change

Room Nights

Sold2,642,742 2,545,207 -3.7%

Average Daily

Rate$150.30 $150.80 +0.3%

Revenue per

Available Room$110.30 $102.20 -7.3%

Tourist Development Tax: March Five Year Growth

Source: Pinellas County Tax Collector May TDC Meeting

*Starting Jan 1st 2016 Pinellas raised the TDT tax from 5 to 6 cents For like comparison, the percent change from 2015-2016 is 6.51%

Tourist Development Tax: Year over Year Growth

Source: Pinellas County Tax Collector May TDC Meeting

Home Share Totals- March 2020

Source: AirDNA May TDC Meeting

March 2019 March 2020 % Change

Room Nights

Sold161,875 187,651 +15.9%

Average Daily

Rate$263.92 $244.96 -7.2%

Revenue Per

Available Room$214.99 $175.20 -18.5%

Home Share Fiscal Year 2020 Totals

Source: AirDNA May TDC Meeting

FY19 FY20 % Change

Room Nights

Sold638,017 867,681 +36.0%

Average Daily

Rate$228.28 $227.58 -0.3%

Revenue Per

Available Room$137.09 $142.77 +4.1%