Item 05 - HOT Update_02-23-26.pdf — original pdf

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Hotel Occupancy Tax Update Austin Arts, Culture, Music and Entertainment | February 23, 2026 Hotel Occupancy Tax – January 2025 H/MOT Penalties & Interest Hotel/Motel Occupancy Tax Total Revenue Approved Budget $511,252 $166,777,013 $167,288,265 Transfer to Cultural Arts Fund $15,968,425 January $119,064 $29,152,858 $29,271,921 $2,975,478 Year-to-date $311,490 $64,158,256 $64,469,746 $6,156,861 • Total HOT Collections January 2025 = $29,271,921 • 39% of FY26 Approved Budget of $167,288,265 • Cultural Arts Fund January 2025 = $2,975,478 2 Hotel Occupancy Collections – Significant Contributing Events • Austin Trail of Lights • Armadillo Christmas Bazaar • Ballet Austin's The Nutcracker • Austin's New Year AUS Passenger Totals: 1,888,492 (December 2025) 3 HOT Cultural Arts Fund – FY26 Progress Approved Budget $15,968,425 CAF Actuals $6,156,860 4 HOT Cultural Arts Fund – Quarterly Comparison $15.65 M $15.57 M $15.34 M $12.9 M 5 Questions? 6