Finance Committee Meeting Materials - 04-16-2020APRIL 16, 2020 - FINANCE COMMITTEE MEETING MATERIALS PAGE 1 | 1
FINANCE COMMITTEE MEETING MATERIALS
THURSDAY, APRIL 16, 2020
1. PowerPoint Presentation – COVID – 19 Revenue Impact Analysis
Projected TOA COVID-19 Revenue Impacts
April 16, 2020
Projected TOA COVID-19 Revenue Impacts
April 16, 2020
Amy Greer, Finance Manager
Projected TOA COVID-19 Revenue Impacts
April 16, 2020
Takeaways from HVS COVID –19
Impacts on the Hotel Industry
•Occupancy rates down 68% through 4/4; ADR down 41.5%
•Expect 44% overall decline in RevPar for 2020 (could be higher in
resort areas)
•Expect 4 –5 years recovery to get back to 2018 occupancy and ADR
numbers
Projected TOA COVID-19 Revenue Impacts
April 16, 2020
Projected TOA COVID-19 Revenue Impacts
Projected Decrease in 2020 Revenue –Best Case
Projected TOA COVID-19 Revenue Impacts
April 16, 2020
Projected TOA COVID-19 Revenue Impacts
Projected Decrease in 2020 Revenue –Worse Case
Projected TOA COVID-19 Revenue Impacts
April 16, 2020
Projected TOA COVID-19 Revenue Impacts
Revenue Assumptions –Best Case
Sales Tax
Projected TOA COVID-19 Revenue Impacts
April 16, 2020
Projected TOA COVID-19 Revenue Impacts
Revenue Assumptions –Best Case
Accommodations Tax
Projected TOA COVID-19 Revenue Impacts
April 16, 2020
Projected TOA COVID-19 Revenue Impacts
Revenue Assumptions –Best Case
VAA Sales Tax Add On (.75%)
Projected TOA COVID-19 Revenue Impacts
April 16, 2020
Projected TOA COVID-19 Revenue Impacts
Revenue Assumptions –Best Case
Avon Recreation Center
Projected TOA COVID-19 Revenue Impacts
April 16, 2020
Projected TOA COVID-19 Revenue Impacts
Revenue Assumptions –Worse Case
Sales Tax
Projected TOA COVID-19 Revenue Impacts
April 16, 2020
Projected TOA COVID-19 Revenue Impacts
Revenue Assumptions –Worse Case
Accommodations Tax
Projected TOA COVID-19 Revenue Impacts
April 16, 2020
Projected TOA COVID-19 Revenue Impacts
Revenue Assumptions –Worse Case
VAA Sale Tax Add On (.75%)
Projected TOA COVID-19 Revenue Impacts
April 16, 2020
Projected TOA COVID-19 Revenue Impacts
Revenue Assumptions –Worse Case
Avon Recreation Center