We're ready.

I know.

I know it's great.

We appreciate that too.

I guess I the hotel world has had a very crazy month so far.

I think our whole greater city areas had a very crazy month.

So hope everyone is safe and doing well with as much as we can.

So we can call a meeting to order or our honest meeting here.

And are there any public comments to start or from Zoom?

No one signed up via Zoom.

And the only attendee we have is Ashley for the presentation later.

Do we have Sarah is on her way?

She's coming, but we can we can back up to that and we could go ahead and move into the administrative report if you'd like.

All right.

So in your packet, excuse me, is your normal data that you like to go over.

I'm not going to get into details with it for you, but I am going to call out a couple of highlights.

In the CoStar report, we are still seeing that we have an occupancy rate hovering around 64%.

That's still down about 2% year over year.

In the um hotel motel uh Discover the Valley campaign analytics, couple of strong things that we're seeing.

65% engagement rate, 27,000 active users, which means they're engaging for a longer period of time.

And then Expedia.

With that, we saw 71,000.

And it that number, what we're seeing is we're seeing about a 75% stay rate in our market overnight.

We were only seeing about a um two percent 2.8% or 2.8,000, which was 4% actually left the market to have an overnight stay elsewhere.

So pretty good capture there.

Like that number.

I do not have any opportunity fund applications for you yet.

I am told I will be receiving a Spokane sports application.

So next month, or we'll call a special meeting and review that as soon as we can.

I want to remind you that we're getting ready to go into budget discussions.

And those budget discussions are going to happen in October this year.

City Council has to adopt the budget that you put forward by November 15th.

And so we'll be at City Council in early November and here in uh October on that.

So in 2024, you were allocating 1.27 million.

In 2025, you had approximately 1.27 million.

And then in 2026, remember you had some extra funds.

Those rollover funds actually bumped that amount up to 1.7,000.

Now, when we're looking at revenues this year, we're looking at more of a normal revenue year.

And that's coming in at approximately 1.3 million.

Couple of things to remember.

The TPA, the state could sunset that extra $2.

And that's going to impact our revenue dramatically if that happens.

I personally for the city am participating in discussions with Visit Spokane and helping to move that forward and make certain that that stays.

The goal is that it would be made permanent so that it didn't have a sunset period any longer.

So that's one of the things that we're working on.

One of the things I want you to remember as you're moving into budget planning and thinking about destination marketing and sports marketing, because those two contracts will still we can still fund those two contracts this next year.

Next year we also have to go out to an RFP to make certain that we're utilizing the right procurement path.

So we'll we may make a change in 2028.

Don't yet know.

Now the TPA dollars, last year you allocated 30,000 for the Placer AI data, and you put one uh 170,000 into the opportunity fund.

So that'd leave us about 1.1 million for allocation for destination marketing and for sports marketing.

So just wanted to get that on your radar and have it front of mind for the case.

So Terry, is that 30,000 for place trade?

I is that an annual subscription?

Yes.

Really?

That's okay.

And we have a two-year contract with them right now.

So we are committed for two years for that data.

And I believe that is it for my administrative report.