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*2020 NUMBERS REFLECT THE IMPACT OF THE COVID-19 PANDEMIC SHUTDOWNS Source: USVIBER 2 29% over 2019 97% over 2020 3 AVERAGE WEEKLY-AIR CAPACITY WINTER 2022 St. Croix St. Thomas/St. John Flights=200+ Flights=345+ St. Croix St. Thomas/St. John Seats=6,500+ Seats=21,000+ AIRLIFT Nonstop flights to St. Croix from: • Atlanta (ATL) • Charlotte (CLT) • Fort Lauderdale (FLL) • Miami (MIA) • Puerto Rico (SJU) Nonstop flights to St. Thomas from: • Atlanta (ATL) • Boston (BOS) • Charlotte (CLT) • Chicago O’Hare (ORD) • Dallas/Fort Worth (DFW) • Fort Lauderdale (FLL) • Houston (IAH) • Miami (MIA) • Minneapolis-St. Paul (MSP) • Orlando (MCO) • Philadelphia (PHL) • Puerto Rico (SJU) • New York (JFK) • Newark (EWR) • Washington, D.C. (IAD) 4 5 6 7 AIRLIFT 2021 Inbound air arrivals surpass all recorded airlift numbers recorded since 1990 • 2021 recorded 824,460 air arrivals, which is an increase of 3.5% over 2016. The second highest recorded year with 796.8K air arrivals •St. Thomas experienced increased new or resumed service from American Airlines, Delta Air Lines, Frontier Airlines, Spirit Airlines, JetBlue Airways and Sun Country Airlines • St. Croix experienced strong service from both American and Delta • Incoming flights continue to remain full with airlines reporting strong load factors above 80% for Territory • Traditional seasonality has been disrupted and Summer 2022 air arrival numbers are expected to remain strong territory-wide • Regional airlift has increased but high demand for the USVI helps to maintain strong lift into the Territory TRAVEL SCREENING PORTAL ●The USVI Travel Screening Portal has been updated and can be found on WWW.USVITRAVELSCREENING.COM ●Every traveler aged five or older, including vaccinated travelers and U.S. citizens, who enters the USVI is required to use the Travel Screening Portal (TSP) and must receive clearance to travel. ●Beginning in March 2022, Domestic travelers who were vaccinated in the USVI and the US and considered “fully vaccinated” may be exempt from submitting an acceptable COVID-19 test result for travel from the U.S. mainland and/or from another U.S. Territory; however, proof of vaccination must be uploaded on the USVI Travel Screening Portal. ●International travelers’ regulations remain the same. Passengers 2yrs and older must show proof of a negative COVID-19 and/or a vaccination card. Restrictions vary for air and sea travel. All travel information and guidelines can be found on visitusvi.com or usviupdate.com. ●2021, the TSP has processed over 1.1M submissions ●1,064,421 Air travelers ● 37,796 Marine travelers 8 9 EXISTING ACCOMMODATIONS St. Croix St. Thomas / St. John # of Units Traditional 987 1,800 2,600 Villas 300 600 900 Sharing Accommodations 4,700 Charter Yachts 200+ 200+ Total 1,287 2,600 8,400+ 10 ADDITIONAL ACCOMMODATIONS Name St. Croix St. John St. Thomas Total Schedule Sugar Bay N/A Frenchman’s Reef Marriott 384 384 2022 Noni Beach 94 94 2022 # of Units 478 478 11 STR DATA YTD 2021 vs 2020 Source: USVIBIR HOTEL TAX REVENUE COLLECTIONS • Fiscal Year 2021 up 98% compared to Fiscal Year 2020 YTD • FY 2022 is expected to be on par with FY 2021, depending on the state of the pandemic 98 % 12 FY 2018 FY 2019 FY 2020 FY 2021 October $994,738.35 $957,177.43 $1,910,541.94 $564,525.69 November $261,497.61 $1,093,090.87 $907,611.04 $835,295.37 December $1,439,506.71 $1,258,838.76 $1,071,848.41 $1,561,573.61 January $1,147,835.84 $2,146,438.44 $2,398,153.25 $2,172,149.69 February $868,465.85 $2,000,321.38 $2,592,786.77 $1,859,912.40 March $1,289,277.20 $2,486,688.86 $2,552,521.11 $4,536,601.91 April $1,249,488.33 $2,621,154.66 $1,832,488.73 $4,643,522.06 May $1,769,047.76 $1,949,182.27 $466,559.79 $3,604,529.04 June $1,726,973.52 $1,316,980.33 $147,583.84 $4,453,954.29 July $1,159,695.06 $1,659,202.19 $710,668.88 $4,020,979.44 August $1,483,491.34 $1,888,355.02 $1,815,528.59 $3,175,829.12 September $1,216,388.68 $1,120,485.45 $1,286,343.96 $3,592,408.65 Total $14,606,406.25 $20,497,915.66 $17,692,636.31 $35,021,281.27 13 REVENUE ESTIMATE SNAPSHOT Agency Name REVENUE BREAKDOWN Revenue Category Project Count (If Applicable) Est. Revenue Fiscal Year Hotel Room Tax Collection 35,021,281.27 2021 Hotel Room Tax Collection 35,546,600.49 2022 Hotel Room Tax Collection 36, 790,731,51 2023 Hotel Room Tax Collection 38,998,175.40 2024 FY23 and FY24 Total Estimated Revenue RevenueSummary FY23: $36,247,026.114 Highlight 1: Projected growth rate of 1.5% for FY 2022 Highlight 2:Projected growth rate of 3.5 % for FY 2023 FY24: $38,421,847.681 Highlight 3:Projected growth rate of 6.0% for FY 2024 Highlight 4: 15 14 CRUISE STATS Cruise Passenger Arrivals Jan- Dec 2021 = 122,035 USVI Cruise calls resumed July 2021 due to COVID-19 St. Thomas/St. John Cruise Schedule (Crown Bay) – 117 cruise calls through December 2021 St. Thomas/St. John Cruise Schedule (WICO) – 152 cruise calls through December 2021 St. Croix Cruise Schedule (AAMF) – 34 cruise calls through December 2021 15 FY 2022 ESTIMATED TOURISM OPERATIONAL BUDGET To support the initiatives and fiduciary responsibilities of the Department of Tourism, the Fiscal Year 2022 budget recommendation is $34,715,632. We have asked for $5M in additional funding for marketing and additional staffing which are needed to ensure the USVI defends its current lead market position and investment in building brand awareness in the overnight and marine markets. 16 Thank You Questions ?