A Note from Ernie - October 2017

President and CEO Ernest Wooden Jr., LATCB

Dear Friends,

Earlier this month, I joined L.A. Tourism’s Sales team as well as several key partner hotels and venues at IMEX America, one of the meetings industry’s largest tradeshows attracting 12,000 exhibitors and 5,000 meeting planners, in Las Vegas. Our Sales team and partners showcased Los Angeles as a premier destination for meetings and events through hundreds of appointments and group presentations, resulting in incredibly strong prospects for short and long-term business that drives economic impact.

I’m pleased to share Transient Occupancy Tax collections continues to be a powerful contributor to the City of L.A.’s General Fund with $54.2 million combined for July and August. This kicks off the Fiscal Year at 5.6% above the adopted budget and places our industry on the right track to meet our FY17/18 goal of $282.1 million in TOT receipts, a 6.2% year-over-year increase.

I hope everyone will be able to attend L.A. Tourism’s final member mixer for 2017 at STK Los Angeles at W Los Angeles – West Beverly Hills on Thursday, Nov. 2. Please join us for a fun evening of cocktails, hors d’oeuvres and networking with fellow industry peers and the L.A. Tourism team, be sure to RSVP via the invite in your email inbox.

These are just a few of the many updates on L.A. Tourism and our industry that we’re sharing with you in October’s newsletter. As always, we will be here, working on behalf of all of our members and partners to keep the world coming to Los Angeles.

Best Wishes,

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Ernest Wooden Jr.
President and CEO
Los Angeles Tourism & Convention Board