Tourism Commission Board June 15, 2022, at 3 pm City Hall Chambers Room 1001 301 W. Second St. Austin, Texas 78701 Some members of the Tourism Commission may be participating by videoconference. The meeting may be viewed online at: http://www.austintexas.gov/page/watch-atxn-live Public comment will be allowed in-person or remotely by telephone. Speakers may only register to speak on an item once either in-person or remotely and will be allowed up to three minutes to provide their comments. Registration no later than noon the day before the meeting is required for contact Felicia Ojeda, 512.404.4022 or felicia.ojeda@austintexas.gov remote participation. To register CURRENT BOARD MEMBERS: Alta Alexander Ed Bailey Bill Bunch John Riedie Daniel Ronan Mayoral Vacant Greg Chanon Rachel Magee Ken Smith Lois Rodriguez Mike Cannatti AGENDA CALL TO ORDER PUBLIC COMMUNICATION: GENERAL The first 10 speakers signed up prior to the meeting being called to order will each be allowed a three-minute allotment to address their concerns regarding items not posted on the agenda. 1. APPROVAL OF MINUTES a. May 18, 2022 2. NEW BUSINESS The Commission may discuss and take action on the following agenda items: a. Introduce the new commissioner from District 9, Daniel Ronan b. Report from the Parks and Environment Working Group on any updates or make new appointments c. Report from the TPID working group on any updates or make new appointments d. Working Session: Bylaws for the Tourism Commission Board FUTURE AGENDA ITEMS The Commission may discuss and take possible action to request information and identify future agenda items, topics, or presentation: ADJOURNMENT The City of Austin is committed to compliance with the American with Disabilities Act. Reasonable modifications and equal access to communications will be provided upon request. Meeting locations are planned with wheelchair access. If requiring Sign Language Interpreters or alternative formats, please give notice at least 2 days (48 hours) before the meeting date. Please at felicia.ojeda@austintexas.gov for additional information; TTY users’ route through Relay Texas at 711. For more information on the Tourism Commission Board please contact Felicia Ojeda at 512.404.4022 or felicia.ojeda@austintexas.gov. at Austin Convention Center Department, Felicia Ojeda call
Tourism Commission Request for Information‐ May 18, 2022 At the May 18th, 2022 meeting of the Tourism Commission, the following information was requested of Convention Center staff: 1. The updated economic impact report based on the proof of concept 2. The estimated operating revenues and expenditures during the closure period and the years following reopening. 3. The estimated number of hotel rooms opening in the City over the next few years Below are the responses from the Convention Center. 1. The Convention Center contracted with HVS Consulting (HVS) to update their previous work related to the economic impact and financial viability of the redevelopment and expansion project. HVS evaluated the market viability and economic impact of the redevelopment and expansion of the existing convention center based on the proof of concept, finding that an expanded Convention Center would positively impact the City overall, and allow the Convention Center to remain competitive by hosting simultaneous events as well as larger events. The economic impact of the larger center is still significant, bringing in an estimated additional $285 million yearly. The full report can be found in appendix A, and will be on the Convention Center’s website in the coming weeks. 2. As part of their work, HVS prepared financial forecasts for operational revenues and expenditures of the expanded Convention Center as well as during the construction period. These are contained within the report in Sections 3 & 4. However, it is important to note that it is not appropriate to read only part of a financial statement to form an opinion about an entity’s financial position. Accounting rules requires that HOT revenue is shown as a non‐operating revenue, not operating revenue, as it is accounted for as a transfer to the Convention Center, thus creating an accounting loss each year. So, while there is an accounting loss, there is also a positive change in the Convention Center’s overall financial net position. Finally, the Convention Center seeks to maximize Hotel Occupancy Tax (HOT), not its own facility revenue. This approach benefits all the HOT‐recipient funds, including the Cultural Arts Fund, Historic Preservation Fund, and the Live Music Fund. 3. Attached is a report from Visit Austin that details the upcoming hotel projects and associated room counts. APPENDIX A REDEVELOPMENT AND EXPANSION ANALYSIS Austin Convention Center AUSTIN, TEXAS SUBMITTED TO: EXISTIN G Ms. Katy Zamesnik Austin Convention Center 500 East Cesar Chavez Street …
AUSTIN RECENT/PROJECTED HOTEL SUPPLY GROWTH (CONFIRMED New Supply - In Construction Only) 2020 NEW HOTELS The Otis (Autograph Collection)/AC Commodore Perry Estate (Auberge) Canopy by Hilton (W. 6th) Hotel Magdalena (S. Congress) Kalahari Round Rock Resort CURRENT SUPPLY* Downtown: ~13,000 (13,592) Austin Market: ~47,000* (47,302) *As of April 2022, assuming total inventory open New inventory Downtown 2020 New inventory Market 2020 Total Downtown 2020 Total Austin Market 2020 % Growth YoY 5% 4% SUPPLY GROWTH, 2015-2022 Downtown: +120% Austin Market: +56% TOTAL RMS 347 54 140 89 975 576 1,605 11,790 43,393 TOTAL RMS 80 154 155 613 186 137 214 135 1,061 1,674 13,058 46,496 TOTAL RMS 400 155 127 136 121 135 135 129 246 108 120 99 114 754 2,025 13,946 48,645 TOTAL RMS 344 112 100 205 661 761 14,607 49,406 OPEN DATE Opened Feb Opened July Opened July Opened Oct Opened Nov OPEN DATE Opened Jan Opened Jan Opened Feb Opened Mar Opened Jun Opened Jun Opened Aug Opened Nov Miles to ACC 2.3 N/A 1.0 1.3 N/A Miles to ACC 2.2 2.5 N/A 0.1 N/A N/A 1.9 N/A % Growth YoY 9% 4% PROJECTED OPEN DATE Opened Jan Opened Jan Opened Mar Spring 2022 Spring 2022 Apr 2022 May 2022 Jun 2022 Aug 2022 Aug 2022 Sum 2022 Sum 2022 Sum 2022 Miles to ACC 0.3 N/A N/A N/A N/A N/A N/A N/A 0.7 1.3 N/A N/A N/A % Growth YoY 6% 4% PROJECTED OPEN DATE Jan 2022 Apr 2023 Apr 2023 Oct 2023 Miles to ACC 0.6 0.9 N/A 0.9 % Growth YoY 5% 2% 2021 NEW HOTELS Colton House (S. Congress) Moxy Hotel (University) Hilton Garden Inn Near The Domain Marriott Downtown Campus on Lake Austin TownePlace Suites NW/Domain Hilton Garden Inn (17th/Lavaca) AC by Marriott Hill Country New inventory Downtown 2021 New inventory Market 2021 Total Downtown 2021 Total Austin Market 2021 2022 NEW HOTELS (In Construction) Thompson/tommie Hotels (5th/Brazos) element Austin at the Domain Cambria Hotel Austin Airport (E Ben White) aloft Austin Southwest Tru by Hilton NW Arboretum Cambria Hotel Domain aloft Austin South EVEN Hotel by IHG Domain Hyatt Centric (8th/Congress) The Loren (S. Lamar/Riverside) Origin Hotel Austin (Mueller) Four Points by Sheraton Austin Airport La Quinta Tech Ridge New inventory Downtown 2022 New inventory Market 2022 Total Downtown 2022 Total Austin Market 2022 2023 NEW HOTELS (In Construction) Citizen M Hotel Fairfield Inn & Suites (Rainey) Staybridge …
Tourism Commission June 15, 2022 - 3 pm Hybrid via Video Conferencing and City Hall Chambers Room 1001 301 W. Second St. Austin, Texas 78701 MINUTES In Attendance: Greg Chanon Ed Bailey Rachel Magee Bill Bunch Ken Smith John Riedie Daniel Ronan Absence: Alta Alexander Lois Rodriguez Mike Cannatti Staff and Other In Attendance: Felicia Ojeda, Austin Convention Center Department, Staff liaison 1. CALL MEETING TO ORDER a. Meeting called to order at 3:14 pm by Vice Chair, Ken Smith 2. NEW BUSINESS The Commission discussed the following agenda item: a. Introduction of the new commissioner representing District 9, Daniel Ronan b. Report from the Parks and Environment Working Group on any updates or make new Commissioner Bunch and Vice Chair Smith had no new announcements appointments i. b. Report from the TPID working group on any updates or make new appointments Commissioner Riedie had no new announcements c. Working Session: Bylaws of the Tourism Commission Board (scope of work) Vice Chair Smith, mentions to discuss the bylaws on the following: i. i. a. Memberships (E) – Board members absent for three consecutive regular meetings or one-third of all regular meetings in a “rolling” twelve-month timeframe automatically vacates the member’s position subject to the holdover provisions in Section 2-1-27 pf the City Code b. Meetings (G) – If a quorum for a meeting does not convene within one- half hour of the posted time for the meeting, then the meeting may not be held c. Meetings (D) – The board shall meet monthly. i. Would like to discuss ideas on cancelling when needed ii. Commissioner Riedie discusses Memberships (E) – mentions emailing clerk’s office on other commission meetings with the same issue. a. Concern with the commissioners on this board of missing consecutive meetings with the understanding that this is a city ordinance b. Commissioner Riedie and Vice Chair Smith would like a follow-up from the board members missing meetings c. Commissioner Ronan follow-ups with more inquires on Memberships (E) d. Commissioner Ronan proposes a motion to ask these absent board members council members to reconsider appointing someone or reappointing someone or asking them to step down and putting a new person on the board. e. Vice Chair Smith requested that his proposal be postponed and moved to as a “go forward,” and start signing attendance sheets. Once three meetings have been missed, we have a formal request with documentations …
