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Home My WebLink AboutVisit South Bend MishawakaHotel Motel Tax Board Presentation 813261 Hotel Motel Tax Board Presentation Visit South Bend Mishawaka August 13, 2026 2 484,001 Demand Down 5% 55% Occupancy STR Data Points Through June Up 11% $129.24 Average Daily Rate Down 5% 3 Through May State Data Occupancy 58% ADR $127 Demand Growth 3% Through June Select 15 Properties Demand Growth -5% ADR +10% YOY $165 Occupancy (-2% YOY) 61% Occupancy Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2016 42.1 50.9 52.7 60.9 59.9 69.7 72.2 65.1 64.8 61.2 55.9 42.9 58.2 2017 47.0 56.4 56.9 56.6 62.4 72.3 71.2 65.6 64.8 58.7 53.7 40.4 58.8 2018 41.4 51.2 50.6 53.7 57.0 68.3 69.5 68.1 62.2 58.9 47.5 41.0 55.8 2019 40.7 46.5 49.8 53.6 54.6 64.9 66.1 60.2 61.1 56.3 52.6 39.7 53.8 2020 42.5 48.4 31.1 23.3 31.2 36.5 45.9 46.4 41.9 41.6 38.2 32.4 38.3 2021 37.8 41.3 51.8 53.3 56.6 58.2 62.7 61.8 59.0 59.7 52.0 42.8 53.1 2022 41.8 48.1 49.2 53.1 57.3 61.1 64.9 61.6 66.0 52.7 48.5 37.7 53.5 2023 38.4 45.2 49.5 48.3 51.9 59.9 63.6 59.8 60.8 48.9 44.5 36.1 50.6 2024 36.3 42.9 45.8 51.5 53.1 58.8 64.6 61.1 58.4 52.9 52.8 42.4 51.7 2025 45.4 52.0 58.1 60.9 62.4 67.9 70.4 67.0 66.8 63.4 54.8 40.4 59.1 2026 42.8 48.7 53.2 57.4 59.7 69.8 50.5 4 FY27 Budget Request – Century Center Account Description 2025 2026 2027 37013 CC Lease – (Energy Savings) $221,437 $221,437 $221,437 38529 CC – Debt Service $385,000 $385,000 $0 39265 CC – Operations $1,275,000 $1,450,000 $1,450,000 42010 CC – Building & Grounds $100,000 $800,000 $250,000 YOY Savings: $935,000 5 Budget Detail P&L 2025 2026 Revenue $3,358,086 $3,440,131 Expense $3,414,199 $3,428,857 Net ($56,113)$11,274 P&L 2026 YTD (June 30) Revenue $1,685,994 Expense $1,629,506 Net $56,488 2025 YTD ($280,274) 6 THANK YOU!