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TDC Minutes 01/16/2024January 16, 2024 MINUTES OF THE COLLIER COUNTY TOURIST DEVELOPMENT COUNCIL MEETING Naples, Florida, January 16, 2024 LET IT BE REMEMBERED the Collier County Tourist Development Council, in and for the County of Collier, having conducted business herein, met on this date at 9:00 a.m. in a REGULAR SESSION at 3299 Tamiami Trail East, Yd Floor, Naples, Florida, with the following members present: Commissioner Rick LoCastro, Chairman Clark Hill, Vice Chairman Jared Grifoni, Councilor Susan Becker Amanda Cox Nancy Kerns Edward (Ski) Olesky Michael McComas Beth Petrunoff, Councilwoman (excused absence) ALSO PRESENT: Sandra Rios, CVB PR & Communications Manager And Co -Interim Tourism Director Buzzy Ford, Tourism Colleen Greene, County Attorney Tourism John Melleky, Co -Interim Tourism Director Anyone who needs a verbatim record of the meeting may request a video recording from the Collier County Communications & Customer Relations Department or view it online. January 16, 2024 1. Call to Order: Sandra Rio called the meeting to order at 9:00 a.m. 2. Pledge of Allegiance: The Pledge of Allegiance was recited. 3. Roll Call: A quorum of eight was established by members present in the board room. Comm. Rick LoCastro, in speaking with the other four Commissioners in January of 2023, and it was agreed upon that we would juggle these committees around on a regular basis_ Personal introductions were made by each board member. 4. Agenda and Minutes: Motion to approve the agenda. Nancy Kerns moved to approve the agenda as written; second by Ski Olesky. The motion passed unanimously, 8-0. Motion to approve the TDC December 18, 2023, meeting minutes. Susan Becker moved to approve the minutes as written; second by Clark Hill. The motion passed unanimously, 8-0. 5. Presentations A. Executive Director Update (PowerPoint presentation provided) Sandra Rios gave a brief snapshot of what has happened over the November and December months. ■ December occupancy was down 9.1% and that was mostly due to the fact that we have more inventory this year than the same time last year. Our numbers are a little bit skewed year over year because of the hurricane. • We have 6.3% more inventory than last year at this time. ■ Our ADR continues to remain high — up 21 % over last year. ■ Demand is softening — it's down 3.4%. We are seeing fewer Florida visitors and the market share in the Southeast, Northeast, Midwest and West are down slightly. However, the increases in visitation from Canada and Europe are up. ■ Revenue remains high, climbing 17% year after year. ■ In November, we welcomed 207,000 visitors, which is up 15% from 2022. • They booked 219,400 room nights, a decrease of 1.3% from 2022 due to the lower inventory. • We registered 1,442,800 visitor days and that's an increase of 23% from 2022. • Spending came in at $226M with an overall economic impact of $313M — a 7.4% increase from 2022. 2 January 16, 2024 ■ Our 2024 marketing initiatives will focus on our emerging markets, maintaining our engagement with our international markets and continuing initiatives that drive visitation during our shoulder seasons. ■ Sports and sports tourism will play an increasingly more visible role as the Paradise Sports Complex continues to ramp up and the United Soccer League starts to formulate its team and marketing strategy and as pickleball continues to bring regional and national attention. ■ Travelers plan to take more trips in 2024 but will be more price conscious. ■ Shoulder season travel is becoming more attractive due to flexible working hours and travelers are craving authenticity. ■ Russian visits will become more popular. ■ Visitors want to engage in the history of environmental offerings. ■ The luxury travel market is seeing a record growth with sales of luxury travel packages jumping 37% in 2023 compared to 2022 and we do position ourselves as a luxury destination. The growth in this market is 56% higher than the same period in 2019. ■ Business travel continues to gain ground and should rebound back to pre - pandemic levels by 2025. Thirty percent of all business trips are expected to have a Ieisure component to them. And beyond selling extra room nights, one of the greatest opportunities for hoteliers is the use of defacto offices, as more people can work from anywhere they choose. ■ Nearly 40% of Europeans are likely to visit North America next year. We certainly want to grab our fair share, if not more of that market. And nearly 50% of Europeans will travel as couples, so that's important for us to pay attention to in our marketing efforts. ■ As a reminder, 2024 is an election year, which historically means the numbers will be down. ■ Our tax collection has been reduced by the expiration of the 1 % surtax. So total tax is now 11 % rather than 12% and 5% bed tax and 6% sales. 6. Consent Agenda: None 7. New Business: None S. Old Business: None 9. Marketing Partner Reports A. Joseph St. Germain, President, Downs & St. Germain Research (PowerPoint Presentation Provided) We will go through a snapshot of visitor and metric data to give you a sense of how itis collected. Highlights: ■ Visitation was up in large part because in November of 2022 not a lot of people were visiting their second homes or business friends and family post hurricane. ■ Direct spending is up significantly and most of the increase was in restaurant and shopping spending. Recovery workers were still in the January 16, 2024 market in November of last year and they have different spending patterns than your typical leisure visitor. ■ Occupancy rate for November/December was down, fairly flat, even though more units were available. ■ Hotel metrics alone, the increase occupancy was a little less but performed a little bit better than Airbnb and vacation rentals. • In 2022 the occupancy rate was up for recovery reasons. There were less units available and more recovery workers. Even with the pre -pandemic levels in 2019 the occupancy rate was down. But we expect to see a lot of travel in 2024, however maintaining the levels of 2022 and 2023 projects to be difficult. • The bottom graph shows that the revenue per available room was barely steady in 2021 /2022. Years 2021 /2022 were elevated for a variety of reasons, most of which domestic travelers were in a travel rut, they weren't taking cruises, etc. Compared to 2019, there is a very significant increase and that's a large indigenous increase in the average rate. ■ We see a big decrease year over year in visitors from Florida but will see a bit more stability in future months. In 2023, the international visitor was recovering; it was largely due to the Canadian visitor. November was the first month where the European visitation exceeded the Canadian visitation. They were coming from the UK, Europe, and Germany. ■ For January through November overall visitation was down 7%; visitor days down 3%. But it was an increase in overall metrics compared to 2022. • Spending down 8%; economic impact down 14% -- so much different money in the economy (COVID and other programs) and how the money was moving around the US. • Calendar year to date metrics, pre -pandemic, last five years you see a similar trend that we saw in November. ■ Visitation overall is down compared to 2021/2022 and pre -pandemic numbers. Room nights are up. ■ Direct spending and economic impact compared to 2019 is all significant, but the value per visitor has increased significantly over the years. • Overall visitation of this year to date, 2022 to 2023, we lost some ground in Florida, the Southeast and Northeast, and the Midwest market share. However, Canada and Europe and Central America are increasing. The international visitors tend to spend a bit more money. • Reasons for visiting -- vacation getaways; less recovery work; transportation increased in percentage who flew to the area. ■ There was a small decrease in first time visitation. But we are starting to see the heavy loyal visitor, a good base of folks who instead of being on vacation are making this an annual tradition. ■ How did we do? You have a significantly higher percentage who will return to the Naples area and a higher percentage will recommend the Naples area, Paradise Coast and Collier County. They are getting better value for their dollars. Q&A: Q. Susan Becker asked about not having the December report. 4 January 16, 2024 A. The December report, because of the timing of this meeting, was not yet finished. Q. Amanda Cox: How occupancy metrics are skewed by products that we opened post hurricane, knowing that the Ritz Carlton and Naples Resorts were two of our last destinations to reopen, any thoughts on year over year 2022 to 2023, what our actual ADR growth is versus just the room nights that are coming online in luxury? Is there a way to isolate that? It would be an interesting exercise once we do a full year. The ongoing conversation with businesses in the area of hotels, restaurants, as we look at that five-year trend you share with us from 2019 to 2023, would you be able to provide us some figures on what I would call real ADR growth and saying that I mean, I'm going with normalized for inflation. Is that something we can look at in a future meeting? A. We could compare growth year over year and compare it to the inflation rate year over year. We would need to see inflation rates by industry. I could find a general inflation rate and apply that. I will add this to our annual report. Q. Clark Hill: Interested in transportation methods — there's a growth in people that are flying into a destination — RSW is up by about 3%; Fort Lauderdale is down; Miami is flat; Tampa is down. I wonder if that is significant as far as market share and plugging those customers that are visiting the East Coast over to the West Coast for a few days. A. One of the things that we've noticed, in general and in talking to tour operators in Europe, is that a lot of your international visitors are flying into Fort Lauderdale, Miami, Orlando and Tampa. One good thing about this type of study is why things happen. I think it's an important discussion to have and to watch moving forward. Q. Susan Becker. Interested in the visitor tracking, and at some point, using a process about how the visitor tracking is conducted and to know if you provide props or if you provide a list, or if the people you consult with make up their own lists or provide their own funds because we've seen a little bit of a variety. What we have found doesn't always coincide with our personal or work experiences. A. Most of our data is done via intercepting reviews, so we're at events and brand hotels, beaches, downtown shopping areas and cultural and nature events. Our goal is to get a representative set of visitors, so the sports visitor is going to be different than the general leisure visitor, as well as the business visitor. It's a very salient point. A lot of our data collection is hampered by availability, so we want to be at every different type of place. That's a constant work in progress. We will get a team together to get a list of where the data is coming from, person to person, or electronic and what that percentage is. B. Cindy Murietta, Vice President of Integrated Media, Paradise Advertising (PowerPoint Presentation Provided) ■ We just finished up the Fall campaign, which ended at the end of December. 5 January 16, 2024 ■ The Always On campaign started in October and it goes through the whole year. It is that performance media, things that we are going to be able to see the ROI from — like Expedia, Kayak and Adora, also paid search and paid social and e- mail marketing. These are like the bedrock of every tourism plan, and that is happening in the background. ■ The Winter campaigns are going on in January and February. We have been in Chicago for the last three years. We also try and find an opportunity market for digital targeting. We see a lot of website visitation and the top ten markets in bookings we identified last year were Hartford and New Haven. This year is Cleveland. We feel there's opportunity in Cleveland. ■ The first campaign, which launched last week is Chicago. ■ Ms. Murietta proceeds to explain the strategy, campaign overviews and the details in each of the markets for the Winter campaign for both Chicago and Cleveland. ■ Ms. Murietta explains what is coming up at the end of February which are two international campaigns -- the UK and Germany. And then the Canada campaign for Spring/Summer launches usually at the end of March or the beginning of April. ■ The swarm cars (usually 8 to 10) are impactful because of its two elements — all the cars drive around/up and down the road and we tell them exactly when we went them to do it and where. We usually pick a Saturday around noon to 2:00 p.m. in high foot traffic of places. ■ The cost for the two campaigns is somewhere around $200,000 — Chicago being 60- 70% of that and Cleveland the rest of that amount. • Sandra Rios: Additionally, we are taking advantage of this campaign hosting a meeting planner event at a pickleball court in Chicago on January 31 —there will be 30-35 meeting planners and local media from Chicago to help cover the event. C. Mackenzie Comerer, Vice President Tampa, Lou Hammond Group (PowerPoint Presentation Provided) ■ Ms. Comerer shared highlights and an overview of the services conducted this December. D. Enriqueta Balandra, Senior Project Manager, Miles Partnership (PowerPoint Presentation Provided) ■ We help with the website, Paradise Coast.com. ■ Ms. Balandra gave an overview of the website's performance. E. Adrian Moses, General Manager, Paradise Court Sports Complex (PowerPoint Presentation Provided) ■ The project we have been working on for the last 18 months, both behind the scenes and. somewhat public, and thank you Commissioner for announcing our first professional sports franchising in Collier County tomorrow. • Mr. Moses gave a recap of the financials, the challenges/transitions for some of the events, vendor equity, how many people are using the facility, the uses of the facility in many ways, and the impact of the economic and health of the community. 6 January 16, 2024 ■ January 27, around 2:00 p.m., is an opportunity to announce the team to the community. 10. Tourism Staff Report: Sandra Rios: The Museum presentation is included in your packet. Amanda was not available today. Susan Becker: February 4, benefit for the baggage car at the Collier County Museum and includes a jazz performance. Starts at 4:00 p.m. and the ticket price is $100. 11. Council Member Discussion: • The Everglades Seafood Festival is February 2-4. There is no charge to get in but they do ask for a donation. Lonestar Band will perform on Friday night. ■ January 20, Marco Island, Island Rocks concert at the Veterans Community Park which is a new facility. Start time is around 4:00 p.m. to 9:00 p.m. • The Everglades Visitor Center is open every day. It's a volunteer run center so I am not sure of the times. ■ January 21, Sunday, on 3`d Street is the Pet Parade at noon but the events begin in the morning. ■ We have eight candidates for the director position. Most of those interviews have been scheduled for the 18'. ■ The minutes from the last meeting has Commissioner McDaniel's name on it for signing. Commissioner Rick LoCastro: A renewed focus by all the commissioners, we are not here as elected officials or even people that serve on committees to amass money and collect money, we are here to manage it properly. Conservation Collier, we have $16M in the bank over two years and only spent $5M and that's not proper management. People who voted for it expected that the money they were contributing to that program was being utilized. A lot of money flows through here and a lot of exciting ways that it is being spent and being appropriated but the conversation we had with Paul when it came to grants and how much money comes out of this organization, all these amazing organizations in town that trim the trees and bring more business here, but it also provides an amazing service for our citizens, for visitors, whether it's a museum, the gallery, or a music event. We just want to make sure that the folks that are getting that money have earned it, and in their mind, they're working just as hard as we are, as you all are, and other ways to either wean themselves off the tourism dollars so that maybe they can find a little bit more balance. And if they can't and we're really the only thing keeping them afloat, well then just prove to us why it's impossible for you to get the funds elsewhere. We're not trying to squeeze anybody out from getting any kind of funding through a funding source. What we want to do is make sure that we're not wasting money, because if we can save some money here and there, we have some responsible organizations that say, you're always giving me $10,000 when I ask for more. If you ask honestly if we didn't give you the money tomorrow, would you go out of business. Absolutely not -- this is the above and beyond, the extra; we've been getting other funding from three or four different sources. So, the $10,000 has never decreased. One of the things we want to explain to them is we are not trying to be the Grinch and squeeze them for the money. 7 January 16, 2024 There are so many new things that might be coming to the forefront that can benefit from the reallocation of money. So I am trying to put money in our back pocket. It's not about saving the money, it's about managing it properly and finding some of those organizations out there that maybe haven't benefited at all, maybe they don't know the grant process, maybe have gotten a small amount every year, but their programs have grown. We might invest a little bit more in something that has a bigger bang for our buck. We want to make sure that there's accountability and that we're not wasting an opportunity to create funds for other things that may be growing more, but they've been at the end of the line. When we catch a spear or somebody throws a rock and says, why are you throwing money at this one? They get millions of dollars from investors. Part of the reason why we write maybe a small check is that we want to be vested as the County, we want to show that we're part of the event, the organization, show that we are part of the list of investors. We want to make sure that we're able to explain that and justify what we're doing with the TDC dollars. Keep our radar on for some of these small things that might pop up that could be bigger things down the road. The application that folks use to apply for grants, it looks like we're expecting more on it. The application will be much more intense, even if it's an organization that has worked with us for the last ten years. 12. Next Scheduled Meeting: February 20, 2024 13. Adjournment: Meeting adjourned at 11:05 a.m. There being no further business for the good of the County, the meeting was adjourned by order of the chairman at 11:05 a.m. COLLIER COUNTY TOU DE LOP N Commissioner Ric oCastro, Chairman These minutes were approved by the Chairman on - -1-�,H (choose one) as presented, X or as amended 8