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HomeMy WebLinkAboutPOWERPOINT PRESENTATION - CHAMBER OF COMMERCE - PROPOSALVISIT TUSTIN The HEART of Orange County is "Totally TUSTIN!" Presented by the Tustin Chamber of Commerce, Tourism & Visitor's Committee TuSTIN C'HAMM.R.Of COMWACf Tustin City Council Presentation TuST1N Tustin City Council Presentation Table of Contents 1) Executive Summary ............................................. 3 2) The Totally Tustin Concept from 2007, Resurrected Today............ 4 3) The Design & Structure of a Visitor Destination ..................... 7 4) Strategic Marketing & Events .................................... 11 5) Annual Budget and Funding .................................... 13 6) Monitoring Success/ The City's Return on Its Investment ............. 17 7) A United, Refreshed & Revitalized Tustin .......................... 19 2 1. Executive Summary The Tustin Chamber of Commerce ("TCC" or the "Tustin Chamber") proposes to organize and form a visitors' bureau for the City of Tustin. The visitors' bureau would be named "Visit Tustin" and will be modeled after many other successful modern day destination marketing organizations (DMO). 1 Visit Tustin will develop and implement a comprehensive and measurable marketing plan that will create brand awareness for all that Tustin has to offer. Visit Tustin promotional efforts will include a Welcome Center, a kiosk to host event ticket sales, an online web site, event PR, swag (Tote Bags, bumper stickers, t -shirts, etc.) and a comprehensive visitor's guide. The results of this marketing effort will include • solid economic growth (additional TOT and sales taxes, new jobs and more revenues to our local retailers), and • an improved quality of life for our residents (more and better events, new retail programs, and publicity and recognition for Tustin being the "4t" Best city in California to raise a family" which creates value in our real estate property). We at the Tustin Chamber, among many other residents and business owners in our great city, recognize that Tustin is a "diamond in the rough," and Visit Tustin will be the springboard organization to tap that true marketing potential. Our wonderful city has such incredible potential with our incredible landmark and key locations such as The Hangar, Old Town Tustin, The District, The MarketPlace, our new Marriott hotels, Tustin Ranch Golf Course, and many others. Our food and dining is top notch with the likes of The Winery, JT Schmidts, Nieuport 17 and the Black Marlin and several new restaurants continue to come on the scene (such as Bronx Sandwich Shop). Our attractions have much to offer visitors and include the Tustin Ranch Golf Course, the Marconi Museum, Wilcox Manor and the future Veterans Park. As the Heart of OC, Tustin is centrally -located where other neighboring destinations like Disneyland, the beach and all of OC is easily accessible. 1 A destination marketing organization or convention and visitor bureau promotes a town, city, region, or country in order to increase the number of visitors. It promotes the development and marketing of a destination, focusing on convention sales, tourism marketing, and services. Such organizations promote economic development of a destination by increasing visits from tourists and business travelers, which generates overnight lodging for a destination, visits to restaurants, and shopping revenues. Convention and visitor bureaus are the most important tourism marketing organizations in their respective tourist destinations, as they are directly responsible for marketing the destination brand through travel and tourism "product awareness" to visitors. Destination marketing organizations are often called travel, convention, visitors, or tourism bureaus, welcome centers, information centers and more. 3 With this proposal, TCC is requesting the Council's consideration for a financial allocation from the City to fund our efforts. We propose the formation of Visit Tustin as a 501(c)(6) not-for-profit institution that would be operated by TCC and its management team and Board of Directors pursuant to a management agreement. TCC will exercise prudent and responsible management and decision making as it has over the last several years in rebuilding our own organization into a stable and healthy organization. Our research indicates that a well-run DMO can be a financial boon to its stakeholders. We have seen testimonials from other organizations claiming tremendous ROIs as high as $47 generated for every $1 invested. Can we ignore this opportunity? We think not. Tustin is long overdue for an organization that can help everyone know and appreciate that "Good things are happening in Tustin!" 2. The Totally Tustin Concept from 2007 - Revamped & Underway in 2015 History and Trends Why market Tustin? In 2013, 45 million tourists visited Orange Count --3.7 million of them from a foreign country. With even more arriving in 2014, Jay Burress, President of the Anaheim Orange County Visitor and Convention Bureau, reported that the "Tourism Product" of Orange County generates $1 million in visitor spending per hour, every day of the year! That's $9.6 billion per year.2 Hotel construction, both locally and globally, is on the rise and as economies grow, the number of people traveling continues to increase. Today's tourism destination industry is competitive. Cities are relying more on marketing efforts designed to promote their destination to compete with traditional tourist locations. Last May, according to The Anaheim Orange County Visitor and Convention Bureau, as a direct result of destination marketing, Orange County experienced the largest single group movement from China to the United States, the "Perfect China" group. This single group generated an estimated $85 million in local spending. As international and domestic visitation to Orange County swells, Tustin's hoteliers, retailers, restaurants and attractions want to be positioned to better attract business by promoting our City as an attractive overnight destination with a wealth of attractions and amenities. According to Visit California, our State's Destination Marketing Organization, for every advertising dollar spent in 2012, $38 was generated in tourist spending. 3 z Jay Burress, President of the Anaheim Orange County Visitor and Convention Bureau 2013 s Visit California Industry website research 4 The vision of marketing Tustin as an overnight destination is not a new one. The Tustin Chamber of Commerce ("TCC" or the "Tustin Chamber") discussed this topic in a planning conference eight years ago. A committee composed of retailers, property owners, Tustin Chamber members, City Council and consultants came up with the "Totally Tustin" plan. Unfortunately, the timing for the plan was not right -- funding was a challenge, and the recession soon followed. In 2015, the City is better equipped to implement a successful destination marketing initiative with premium, high occupancy hotels in place, and a stronger economy. Aggressive marketing and promotion of our destination makes sense and is overdue, as Tustin has not captured its fair share of visitor spending in Orange County. According to the Anaheim Orange County Visitor and Convention Bureau report, visitors spent in the following areas in 2013: • $2.3 billion on lodging • $2.3 billion on meals and beverages • $2.2 billion on amusement and entertainment $1.8 billion was generated in general retail shopping Tourism supports over 157,000 jobs in Orange County. If travelers infused Tustin with their spending, Tustin would capture more visitor -generated sales -tax revenue and transient occupancy tax and create sorely -needed jobs for returning veterans, college graduates and those in need while they pursue higher -education. The Bureau of Labor Statistics recently found that the leisure and hospitality industry has led the way in California's recent economic recovery, creating more new jobs than any other industry. The hospitality industry is largely comprised of hands-on service fields that need people, as opposed to machines and technology, to thrive. The many businesses and services that make up the multi -faceted hospitality and tourism industries provide a wide array of jobs at all levels of education and skills, offering everything from much-needed flexible part-time or seasonal employment to long- term, rewarding, professional careers. The trend in California and across the U.S. is increased tourism, as evidenced by the presence of over 1000 destination marketing organizations, chambers, tourism improvement districts, agencies, associations and formal destination marketing groups within the State of California alone (48 of which exist here in Orange County). There are 34 incorporated cities in Orange County and those destinations that have made a deliberate investment in travel promotion have ignited a vigorous cycle of increased traveler visits and spending, combined with faster job creation and higher tax revenues that far surpass the initial investment. 5 The recent trend in increased tourism marketing began in California in 1989, when the first Tourism Improvement District ("TID") was formed in West Hollywood. The return on investment was so high that other cities soon followed and as a result, tourism growth soared from 2001 to 2009. Tourism was the industry that exhibited the most resilience during the recession. After the recession, the formation of tourism -related improvement districts continued to skyrocket. By 2014, there were 85 TID's in California, in addition to a multitude of conference and visitor bureaus, chambers of commerce and convention centers' sales forces promoting their destinations. Destination marketing is sweeping the nation. Hotel improvement districts, convention improvement districts and other similar entities are being formed as divisions of Chambers or Economic Development Councils, in numerous regions, counties and cities, with positive economic impact. Visit Tustin Introduced Tourism and its feeder industries (including suppliers and services) make up the foundation of our local marketplace and are vital to a thriving Orange County. Therefore, we propose that a visitors' bureau (named "Visit Tustin" including events such as a food and wine extravaganza branded as "Totally Tustin") be formed and managed by the Tustin Chamber and that it be subsidized by the City of Tustin. Financial support for Visit Tustin will have a multiplier impact on our City's economy as it has in neighboring areas in employment base, additional sales taxes and much more. Visit Tustin's proposed format would emulate the thousands of thriving destination marketing organizations' ("DMO") models that are operated successfully around the world. This model features shared operating expenses and will capitalize on the many synergies that can be garnered by two organizations with parallel goals and interests. This is best accomplished through a management agreement between Tustin Chamber of Commerce and Visit Tustin. (See Section 2). This proposal explains the goals of Visit Tustin and the benefits of Visit Tustin for partners and stakeholders, including the utilization of a focused and distinctive destination marketing format that incorporates a sustainable marketing plan carried out by a professional team. By working hand-in-hand with the existing TCC Board of Directors and in-house staff, Visit Tustin will draw on nearly a decade of research and planning into launching and finally realizing the important objective of reaching today's traveler, who often plans online how to discover all that is Tustin. Visit Tustin will boost Tustin's economic growth and quality of life, and will generate important statistics that facilitate economic development. Visit Tustin will work with the City to serve as a custodian of ambassador for tourism and events. Businesses will gain new customers; conserve their own advertising budgets; reinvest in new employees; extend their hours and increase their earnings. Residents will also appreciate the lifestyle R enhancements that follow from being a premier destination. Currently, as the City enjoys increased development, Visit Tustin will not just develop campaigns and programs to promote the City, it will also develop tools that measure their success, and report on visitor experiences. 3. The Design & Structure of a Visitor Destination In the 2013 Destination Management Organizational & Financial Profile Study conducted by D.M.A.I. (Destination Management Association International), many destination marketing organizations indicated "Chamber of Commerce" as their origin or current structure. According to a white paper from the A.C.C.E. (American Chamber of Commerce Executives) in cooperation with the Western Association of Chamber Executives, a large number of Chambers that participated in ACCE's 2012-13 Operations Survey, did include a convention and visitors bureau (CVB) or significant destination marketing effort. Visit Tustin should be operated as a separate 501(c)(6) corporation. A management agreement between the Tustin Chamber and Visit Tustin will outline the responsibilities and scope of work for Visit Tustin. Operating Visit Tustin under the direction and leadership of the Tustin Chamber is consistent with that of the majority of many other cities. This management collaboration will enable the two organizations to work in close collaboration with the City and enjoy many synergies, such as campaigns to engage visitor and resident spending, retail spending, as well as collaborative efforts on events, positive public relations and more. By coordinating the Visit Tustin organization's foundation with the prior groundwork developed by Chamber of Commerce's Tourism Committee, Visit Tustin's operations should work closely with those of the Tustin Chamber. a. A Visit Tustin Executive The Tustin Chamber is currently in the process of engaging a full-time Executive Director, who would continue to carry out the Tustin Chamber's Board -led plan of expansion. The Executive Director will have experience in the sales, membership and tourism (preferably) areas. Tustin's Chamber of Commerce will put together a special committee to conduct a talent search for a qualified Executive Director with a minimum of five years of experience; skill sets in marketing and tourism fields; and professional experience in destination marketing. b. Visit Tustin Management and Operations. 7 Visit Tustin will be managed by the Tustin Chamber Board of Directors, Visit Tustin's Executive Director, and the Tustin Chamber's management team. The Tustin Chamber Board will establish a committee to advise Visit Tustin that will be comprised of individuals from all sectors of Tustin's visitor services industry: hotel, restaurant and retail center marketing managers; local entertainment and arts leaders; historians and museum curators; Tustin Ranch Golf management; Tustin Police representatives and transportation company representatives. c. Visit Tustin Space, Staff and Website The Tustin Chamber Board of Directors, its Executive Director and other Tustin Chamber staff would provide space and assistance to Visit Tustin and its day-to-day operations under a management agreement. Visit Tustin will lease a portion of the Tustin Chamber's present office space that the Tustin Chamber will make available to Visit Tustin under a management agreement. Visit Tustin's space will also include an ADA compliant Welcome Center so that all visitors can have access to information about Tustin's terrific destinations. Eventually, visitor kiosks will be placed in high traffic areas frequented by tourists. Visit Tustin will also create a web site would as an online resource, with information about all of Tustin's events and activities for both residents and visitors alike. Www.visittustin.org would have links to and from www.tustinchamber.org and the City's web site (www.tustinca.org). Visit Tustin events and a Visitor's Guide advertising and web advertising will generate additional income in future years. d. Visit Tustin Interns and Volunteers Visit Tustin would also supplement its personnel with students from Orange County colleges and universities that offer tourism internship opportunities. The student interns would handle routine administrative tasks and be assigned tasks and projects such as writing social media content and updates; translating promotional materials; answering office phones; performing concierge duties; logging visitor calls and tracking and responding to inquiries, etc. Resources with established contacts are in place at the Santiago and Orange County Community Colleges, as well as CSU -Long Beach and CSU -Fullerton. F., Visit Tustin would also collaborate with Tustin's Senior Center so that experienced members of our community can assist in Visit Tustin's operations on a volunteer basis as docents at Visitor Information kiosks and places of interest. e. Visit Tustin Ongoing Communication With The City Visit Tustin will maintain active communication and coordination with the City's Economic Development Department and embrace input from Civic Leaders. The Business and Economic Development Committee Chair of the Tustin Chamber's Economic Committee will continue to hold its monthly meetings at the Chamber office and Visit Tustin will keep the Committee current on all operations, programs and campaigns. A representative of Visit Tustin will also attend meetings with the City's Economic Development Council Committee as Visit Tustin the City's Economic Development Director and/or Tustin Chamber advisors may advise or direct Visit Tustin to do so. Visit Tustin will present reports at the Tustin Chamber Board meetings each month, ensuring that the Chamber focuses continuous attention on our signature events and other visitor promotions. Tracking the progress of our programs, monitoring publicity initiatives and evaluating results against pre -determined metrics to measure success for every major event and/or expenditure will be a priority (see Sections 4 and 5). Visit Tustin will also produce an annual report explaining its advertising and marketing programs and other initiatives throughout the year, as well as providing metrics regarding general visitor and spending economic indicators. As discussed in more detail in Section 5, Visit Tustin will track progress in social media, response to community promotions, print and digital advertising "calls to action," to name a few. When ad campaigns are tracked for effectiveness, the marketing team will further identify relevant content that interests our potential guests. 4. Strategic Marketing & Events Visit California and The Anaheim/Orange County Visitor Association have independently conducted surveys that continually indicate that travelers who choose destinations like Orange County are looking for the following key elements: • Outdoor Adventure — hiking, Main Street strolls, runs, park events • Culinary Experiences — dining, farm -to -fork culinary, wine tasting • Urban Excitement—shopping, entertainment, music, art, theatre • Culture and History— museums, architecture, educational experiences E Tustin's central location in Orange County and its year round favorable climate uniquely position it to continue to use of the City's motto the "Heart of the OC" to demonstrate and emphasize that Tustin is only minutes from some of the State's best theme parks and beaches Visit Tustin will develop and utilize a sophisticated marketing and public relations campaign to promote Tustin in a fashion consistent with integrating the above visitor experience categories with Tustin's marketing message. By utilizing the latest tourism marketing tools and techniques customized to target the overnight visitor demographic, we can feature Tustin's assets and promote in a variety of low-cost ways (digital and traditional). The following table highlights many (but not all) of Tustin's exciting events representing an opportunity for Visit Tustin to serve as their concierge. The City can take advantage of the following revenue -generating opportunities: 10 Tustin Events Promote Visitor Attendance Event Culinary Food/Wine Visitor Date Friendly? Revenue Generation Opportunity Total ly Tusti n Food & Wine Extravaganza Nov Yes Local resturants promote their food. 500+ potential new customer! Lobsterfest May Yes Park gathering of 500 guests D'Vine Wine Affair Sept Yes Local re stau rants p romote the i r food. 200+ pote nti al ne w cu stom e Chili Cook Off June Yes Local restaurants and bars atteact new customers. 3-5k guests Holiday Valentine's Day Luncheon Feb Yes Seniorcommunity Easter Egg Hunt and Pancake Breakfast Mar Yes Open to the Community Mother's Day Luncheon May Yes Seniorcommunity Independence Day Celebration 4 -Jul Yes Open to the Community Halloween Howl Oct Yes Child friendly Mayor's Thanksgiving Breakfast Nov Yes Attended by many in OC Veteran's Day Luncheon Nov Yes Seniorcommunity Menorah Lighting Dec Yes Visitorscome from other communities to celebrate Hannukah Christmas Tree Lighting Dec Yes Visitors come from other communities to visit ourquaint Old Town Traveling Santa Cop Dec Yes Enjoyed bychildren and parents throughout the community EnderleCenter HolidayTreeLighting Dec Yes Visitorscome from other communities to visitvEnderle Center. Civic, Charitable, Award State of the City Address June None Mayor's Inaugural Dinner Feb yes Attended by many in OC Miss Tustin Selection Apr yes Attended by many community and Ms CA supporters Miss Tustin Fashion Show Sep yes Attended by the communiity Mayor's Thanksgiving Breakfast Nov no None Wally Karp Memorial Celebration Jan no None SuperHero Volunteer Luncheon Mar No Chamber Breakfast Monthly Yes Man/Woman of the Year Announcement Dinner May Yes Potential new visitors in support ofthe honorees; 200guests. Annual Tustin Chamber Gala June No State of the Schools Breakfast Sep 9/11 Remembrance Sep Chamber Ribbon Cuttings for New Businesses Ongoing Yes High: New business introduced Chamber Mixers for Business Socials Ongoing Some High: Business opportunity to show wares City/Chamber Business workshops Ongoing Little Outdoor, Family, Competition Dino Dash 2,5,10K Run Nov Yes Leprechaun Leap 5K Run March Yes 3k consumers attend and shop at Tustin District Old Town Art Walk October Yes News Visitors and vendors to Old Town; est. 500 guests. Concerts in the Park Summer Yes new and returning Visitors to old town Tustin Concerts Underthe Star -TRGC Summer Yes Teen Movie Night Summer Yes Movies in the Park for Children June -Aug Yes Enderle Center Summer Concerts June -Aug Yes Exposure to new/returning customerto the shops & resturants. Tiller Days & Parade Oct Yes Chamber Golf Tournament and Dinner Sep Some Broadway in the Park August Yes Estimated of 8, 000 attendees Old Town Promenade May Yes Over 1k guests attend to appreciate the uniqueness of Old Town. Tustin School Foundation Golf Tournament & Dim Apr Yes Tustin Host Lion's Club Tournament & Dinner Apr Yes Tustin Police Department Cham be r Breakfast (Pol ice Officer of the Month) Monthly Yes Coffee With A Cop ongoing Yes Tustin Police Department Awards Banquet ongoing No 11 The creation of Visit Tustin will announce Tustin's arrival as a tourist destination, and enhance civic pride. One of the primary goals of Visit Tustin, similar to many other Orange County destination marketing organizations, would be to capture overnight guests by connecting with meeting planners and tour operators that attract youth sports, academic groups and other group -based travel. Additional no - cost ways that Visit Tustin can solidify its place in the tourism community will be to: • Invite travel writers to experience Tustin's attributes • Create video and photo libraries • Archive visitor testimonials for media access • Work with The OC Film Commission Visit Tustin will participate in several existing collaborative marketing organizations already in place at the county, state and national levels. Such organizations include the Anaheim OC Visitor and Convention Bureau, Visit California and Brand USA. These strategic partners will provide accessible industry relations and serve as an alliance for our businesses to participants in and allow for friendly networking and business collaboration with neighboring bureaus (e.g., room overflow referrals, venue/convention space, dining alternatives, etc.). Visit Tustin's Executive Director will actively participate in appropriate travel, tourism and hospitality associations, organization boards and governmental and industry conferences; and attend key webinars. Consistent with a destination marketing organization's key principles, Visit Tustin will also create a unique and distinct brand and image of our City with inspiration drawn from our City's motto: "Building our future, honoring our past." By persuading residents to shop, play and stay at home in the City, while welcoming visitors; civic pride is reinforced by reminding locals that we live in a place that others want to visit. By being reminded of Tustin's benefits, residents and local business owners will further embrace the concept of sharing our unique and desirable destination with the visitors of the world. An engaged community of businesses and residents will strengthen the campaign's success as they add new employment and additional tax dollars to our City. Additional marketing of our upcoming events coupled with overnight hotel packages will showcase places like Old Town, the Hangars and fine dining. Visit Tustin will sponsor the production and distribution of a comprehensive guide (online and in print) featuring retail, culinary, professional business services and events. Advertising that reflects our favorable assets and creates a distinct image toward visitors, newly packaged visitor offers will be put 12 together to draw visitors to our City and effective promotional campaigns will greatly support a variety of business objectives for Tustin. Visit Tustin will coordinate its promotional collateral with a consistent promotional effort that creates a distinct image and brand for Tustin as a unique visitor destination. Advertising and marketing, including digital and print press kits, brochures, visitor guides, dining guides and maps will also enhance the revenue of hotels, restaurants and retailers. Visit Tustin will also design merchandise with the "Totally Tustin" logo, such as shopping totes, shirts, hats and license plate frames, as well as other promotional items for use at trade shows and community events for visitors, partners, travel suppliers, civic leaders, meeting planners and hotel groups. Visit Tustin can sell such promotional items on its website set up with e-commerce and eventually at visitor kiosk locations. This promotes the "Tustin brand" and raises funds for marketing while creating greater community pride. Visit Tustin will partner with the Certified Tourism Ambassador Program' to provide our local businesses with this accreditation and other training that will benefit not only existing professionals but also volunteers, seniors and veteran job seekers. By highlighting Tustin's vitality, diversity, technology, quality of life, prosperity, historic roots, our founder's principles and current revitalization that ties in with innovation throughout Orange County's decades, Visit Tustin's efforts will impress the industry while increasing civic pride. Being voted #4 as the "Best City in California for Raising Kids"' is a fabulous start! We are building our city's future while honoring our past. 5. Annual Budget and Funding The proposed budget for Visit Tustin for fiscal year 2016 (July 1, 2015 through June 30, 2016) can be found below. ' The Certified Tourism Ambassador program in Orange County is the largest in the United States 5 ApartmentList.com 13 Visit Tustin Proposed Budget - First Year Operations Management Fee (1) Allocation of Overhead Expenses Rent Utilities Office Supplies/Printing/Graphics Tech Equip Repair & Support Equipment Rental Postage & Shipping Marketing: Advertising & Promotion Logo gifts/shirts/hats Membership Plaques/Certs/Awards Legal & Other Insurance Subscriptions Licenses & Permits Auditing & Professional Fees Merchant Account Fees Footnotes: $11,500 $6,800 $5,100 $2,900 $400 $1,000 $32,900 $19,000 $5,000 $1,200 $9,500 $300 $2,200 $1,400 $50,000 $27,700 $56,900 $14,600 Total Budget $149,200 (1) Services include the following executive oversight, sales, general and administrative services from TCC Staff 4 FTEs Rate Cost - Executive Director 0.5 $80,000 $40,000 - Office Manager 0.25 $40,000 $10,000 $50,000 The assumptions for the proposed budget are as follows: • Visit Tustin will be managed by the Tustin Chamber of Commerce (TCC). The entity will be a separate not-for-profit 501(c)(6) entity. A management agreement between Visit Tustin and the Tustin Chamber would be put in place to establish the operating and financial 14 obligations of each respective organization. The following key assumptions regarding Visit Tustin's operations are: o Visit Tustin would be the direct recipient of any City funds or subsidies. o The Tustin Chamber Board of Directors and management would oversee and advise on the operations of Visit Tustin; o The Tustin Chamber would provide space, staff and services to Visit Tustin under a management agreement. o The Tustin Chamber would charge Visit Tustin a management fee, along with charge back of proportionate expenses associated with the operation and maintenance of Visit Tustin facilities. Such fees and expenses would only be charged at cost. o Visit Tustin would maintain separate bank accounts and accounting records, with such records being available from time to time to City officials for inspection or review upon request. • The services that Tustin Chamber would provide Visit Tustin include use of an Executive Director under a management agreement with the Tustin Chamber. The Tustin Chamber will provide these executive services only on an as -needed basis. • All paid Visit Tustin staff will be employees of the Tustin Chamber, whose services will also be provided under a management agreement, and only on an as -needed basis. • Additional Visit Tustin staff (including interns and volunteers) would be provided as needed basis, and only as may be financially feasible. • Visit Tustin would share office space with the Tustin Chamber. The Tustin Chamber would provide space to Visit Tustin under a management agreement. However, Visit Tustin will also maintain a separate Welcome Center compliant with all applicable regulations and laws including those of the American Disabilities Act (ADA) (e.g., wheelchair access). The Welcome Center would include all printed materials and online access for visitors, business owners and residents to utilize and search. • The proposed budget assumes the following financial allocations and apportionments: o A management fee that is commensurate with the actual costs for the services of an Executive Director (.5 FTE) and an Office Manager (.25 FTE). o An allocation of overhead expenses for rent, utilities and equipment. o Marketing, legal and other expenses that are estimated to be directly -related to the operations of Visit Tustin. 15 In most cases, the cost estimates for Visit Tustin are based on the Tustin Chamber's costs, which are much less than those a newly found organization might incur. For example, the Tustin Chamber's rent expense is expected to increase by only 20 percent as a result of providing space to Visit Tustin (based on its present office space [1,700 square feet].) The 20 percent increase to accommodate the space needs of Visit Tustin is minimal, considering that Visit Tustin would otherwise have to rent an entire separate space at a greatly increased cost. Cost savings to Visit Tustin as a result of operating in coordination with an existing organization such as the Tustin Chamber would also provide the opportunity to save on otherwise considerably more expensive staff, production and marketing expenditures The Tustin Chamber would also be a good financial advisor for Visit Tustin. Over the last several years, the Tustin Chamber has demonstrated a commitment to financial stability and success as demonstrated by the following notable accomplishments: • Total revenues increased by 82 percent since 2011 • Number of members increased by nearly [50] percent since 2011 • Paid off all debt obligations • Renegotiated office lease to include several favorable and financially efficient terms • Established substantial cash reserves that ensure TCC's ability to meet its continuing obligations for the foreseeable future, even in the event of limited economic downturn The table below is a comparison of the visitor bureau budgets and their relative proportion of local tax revenues for several neighboring Tustin citites. These spending levels are notably more conservative than what is being proposed herein. Comparable CA City Spending on Visitors' Bureau Newport Beach $3,800 $3,600 $7,400 18% ESTIMATED Los Angeles $22,000 TOT CONTRI- TOTAL 7.1% TOT LOCATION TID BUDGET BUTTON BUDGET % OF TOT REVENUES Newport Beach $3,800 $3,600 $7,400 18% $41,111 Los Angeles $22,000 $14,700 $36,700 7.1% $516,901 West Hollywood $4,300 $3,400 $7,700 19.3% $39,896 Pasadena $2,857 $3,720 $6,577 60% $10,962 Huntington Beach 1 $2,600 1 $850 1 $3,450 1 10% $34,500 Tustin (proforma ) 1 $0 $1,050 1 $1501 14.3% $1,050 Source: Civitas Research 16 6. Measuring Success/ The City's Return on Its Investment The Tustin Chamber recognizes that the success of any organization must be measured on a continuous basis. TCC is accustomed to monitoring its own performance on a monthly basis through a series of financial reports reviewed by our CFO. Additionally, TCC conducts an annual review of its financial statements by an outside CPA firm. Visit Tustin will measure its results through a series of marketing performance metrics that can be used to track returns and measure campaign and publicity success which include, but are not limited to, the following: • Tracking City revenues from the Transient Occupancy Tax (TOT) • Measuring increases in hotel room bookings, occupancy rates and changes in RevPar (revenue generated per available room) • Tracking key web site (SEO) analytics (e.g., web page visits to www.visittustin.org, "click throughs" to www.visittustin.org and local business web sites, etc.). Data will be available for our local businesses. • Maintaining a robust social media presence (Facebook, Instagram, Twitter, etc.) and measuring such activity • Utilizing an 888 telephone number to assist in data collection • Emailing inquiries to survey our collective marketing efforts • Analyzing credit card purchases by zip code to study sales volumes by geographic area • Measuring sales tax revenue increases • Tracking hotel and venue partner event bookings • Monitoring coupon redemption and "call -to -action" print or online offers • Reviewing results of post -visit guest surveys As an example of a highly successful tourism campaign, Brand USA, the destination marketing organization for the United States began actively rolling out a marketing plan to the millions of international travelers to choose USA as their leisure and business destination. The cost of this program is estimated at $125 million and generated the following benefits to tourism in the U.S.': • For every $1 spent, Brand USA generated $47 for U.S. companies. • $3.4 billion in additional international visitor spending • $7.4 billion in business sales (Output) 6 The Return on Investment of Brand USA Marketing, 2013, Oxford Economics. 17 • $3.8 billion in value added (GDP) • $2.2 billion in personal income • 53,181 jobs created, including 27,895 directly in industries serving visitors • $512 million in Federal taxes • $460 million in state & local taxes The case for destination marketing is broad and compelling. The importance of destination marketing is connected to the characteristics of the tourism sector, the dynamics of international travel markets, and proven economic returns of effective marketing. In summary, destination marketing is vital because: • Tourism offers significant economies of scale, Visit Tustin will produce synergies in marketing. • The tourism sector affects various industries, both large and small. • Tustin is ideal for tourism because of its central location and proximity to Orange County's many attractions. • Visit Tustin's engagement with travel markets will enable Tustin to capture its share of the market. • Tustin must compete in global and national market opportunities for growth prospects for the business and lodging community of Tustin. • Destination marketing has proven to be historically effective, producing returns far in excess of investments. Brand USA generated a significant multiple return on its marketing costs (e.g., 47:1). Visit Tustin's goal will be to do the same. Visit Tustin's marketing efforts expect to generate additional TOT revenue, sales tax revenue, local business revenue, new jobs, higher real estate values, higher commercial occupancies and an overall brand awareness that will represent an investment for Tustin for the long term future. The intangible benefits include increased exposure and attendance to city and non-profit events (e.g., Chili Cook -off, Tiller Days, Leprechaun Leap, etc.), greater utilization of our parks and attractions (e.g., the Hangar, the Veteran's Sports Park, etc.) and broader exposure to our fine shopping and dining (e.g., Old Town, The Market Place, The District, etc.). 7. A United and Revitalized Tustin California is the number one travel destination in the United States. During the recent recession, tourism fared much better than other industries with travel spending actually increasing by 7.5 percent 18 between 2009 and 2010.' Tourism and travel's resilience can be directly attributed in large part to the innovative use of effective tourism marketing. The destination marketing carried out by Visitor Bureaus, Chambers, and similar are providing budget relief for local governments and will create a cycle of activity that benefits our entire City's economy. Visit Tustin will have the ability to better advocate for Tustin's stakeholders: the businesses, hotels and attractions. Adding to our City's tax base is just the beginning. The value of destination marketing and how it aids in building relationships, property values and how well it supports businesses has been repeatedly documented. It has demonstrated that even small towns and relatively unknown counties throughout the country are adopting formal marketing campaigns to attract visitors thereby resulting in additional spending in their regions. The creation of Visit Tustin heightens the synergy between TCC and the City. It enables the strengthening of the great work already being done by unifying all facets of our community. As advocates for all businesses in Tustin, this proposal is being requested to boost overall, city-wide success. By adding the critical component of actively marketing our city as a preferred Orange County destination, we increase the potential to capture our share of visitor spending. It is essential to create Visit Tustin to add the economic benefits we have presented in this proposal. Chambers across the nation now access marketing programs in place with both Brand USA, our Nation's tourism marketing group (formed in 2011 as a result of Congress' Travel Promotion Act) and the U.S. Travel Association. This ensures that when tourists are ready to plan travel, whether on vacation or to arrange business, they'll choose the greatest and most diversified destination of them all—the United States, as a result of cooperative marketing collaboration. The synergy is in place on a national, state and county levels and it's growing. Our City can now be directly connected to this established model with the creation of Visit Tustin. California is an initial entry point for most of the international tourists and is something Tustin can leverage in promotional initiatives along with our year round weather, nearby famous attractions, safety and desirable visitor amenities. Positive factors and experiences suit our capabilities to establish an effective Visit Tustin and operate it in a fiscally responsible manner, to maximize return on investment. The creation of a Visit Tustin encourages relationships we have locally to attach to the greater hospitality industry. Visit Tustin will accomplish all these objectives and more while creating and maintaining an environment of creativity, innovation, equality, opportunity and teamwork. ' Visit California Industry report, by Dean Runyan & Associates 19