Sunday, January 17, 2016
Super Bowl 50 San Francisco Hotel Tax Revenue Alone Pays Service Costs #SB50
Super Bowl 50 San Francisco Hotel Tax Revenue Alone Pays Service Costs #SB50
Super Bowl 50 San Francisco Hotel Tax Revenue Alone Pays For Service Costs “Super Bowl 50 To Cost San Francisco $4.1 Million in service costs” the news headlines have reported. Well, what the news organizations failed to tell you was those costs would be paid for by the city and county's Hotel Tax Revenue, alone. While the San Francisco Super Bowl 50 Host Committee has said that enough money would be raised to pay for the expense that got the attention of Board of Supervisors members Jane Kim and Aaron Peskin, the specific way this was done wasn't identified by the Office of San Francisco Mayor Ed Lee, and so the Host Committee was left alone to deal with the PR problem. Until now. As it turns out, doing a little simple math reveals the revenue that can be anticipated. It's important to pay attention here, because all too often media people quote one person or another rather than doing their own homework. This is where traditional media has contaminated blogging and Internet news: in the past, bloggers wrote posts that either confirmed or rejected the entries of other blogs on a subject, and presented their methodology, even if that included math. Today, people who to love to toss the term “journalist” around flood the Internet with wrongheaded quotes from whomever, always serving some agenda, and seldom bother to use the Internet to do their own homework in the action of fact-checking. That's called bad blogging, but I digress. When I saw the Super Bowl revenue news, I immediately wondered what the impact of hotel occupancy and room rates would be on this to start (thinking of sales tax revenue and other monies later), and so went to use this basic formula as the basis for a spreadsheet to look at the problem: Hotel Tax Revenue = Number Of Rooms times Avg Room Rate, times Occupancy Rate, times Room Stay Days, times Hotel Room Price Increase, times Hotel Tax Rate. I then believed the best evaluation of potential Super Bowl revenue from the Hotel Tax was to establish a baseline of money expectations during the Super Bowl Hotel Period, but without the game, and then compare that to what's expected with Super Bowl 50 in San Francisco. The baseline condition is as follows: Number of Hotel Rooms: 33,462 according to Visit SF data from 2013 (which could be higher, but that's the best number I could find). San Francisco Hotel Tax Rate: 14 Percent Average San Francisco Room Rate Per Day: $397 according to a Bloomberg 2015 report and survey with CheapHotels.com – the Price Increase Factor plays a role in the Super Bowl comparison here. Room Stay Days: 7 – which includes the four day Super Bowl Period minimum, and three days to the Monday of Super Bowl week, as Super Bowl Media Day is the next day, Tuesday, and much of the media will have arrived and already booked into their hotel rooms, as well as many people connected with the NFL, and Super Bowl fans – some with tickets, some looking for tickets, others just in town for the parties. Super Bowl Price Increase Factor: It's widely noted that hotel prices are already jacked up in many cases throughout the Bay Area and in San Francisco. The average increase is said to be 124 percent – but I use a very conservative rate of 30 percent over the norm. SF Hotel Occupancy Rate: The normal hotel occupancy rate for this time of year January 30th to February 7th in the City of San Francisco is about 75 percent according to data online. A Super Bowl will increase that substantially, but I use 90 percent, which is about equal to the normal demand levels in San Francisco during the Summer – a 15 percent increase in the occupancy rate for that period. You have to remember that a Super Bowl commonly attracts double the number of people who have tickets who want hotel rooms, so that's a base of 140,000 people looking for rooms (there will be far more than that), in a city that has just 33,462 of them. Yes, there are rooms throughout the SF Bay Area, but the demand is focused on San Francisco because that's where most of the rooms are concentrated and where the party and event action is. With this, the baseline revenue would be $9.764 million. For the Super Bowl, the Price Increase Factor brings the room rate per day to an average of $516 from the already high average of $397 per day. That, combined with the 15 percent occupancy rate increase, will yield $15.231 million – that's a difference of about $5.467 million for the Super Bowl period, or about $1.367 million more than is needed to pay for the service costs the Super Bowl will reportedly cost San Francisco. MORE:
via YouTube http://youtu.be/huvgDr_Yl5Q
Super Bowl 50 San Francisco Hotel Tax Revenue Alone Pays For Service Costs “Super Bowl 50 To Cost San Francisco $4.1 Million in service costs” the news headlines have reported. Well, what the news organizations failed to tell you was those costs would be paid for by the city and county's Hotel Tax Revenue, alone. While the San Francisco Super Bowl 50 Host Committee has said that enough money would be raised to pay for the expense that got the attention of Board of Supervisors members Jane Kim and Aaron Peskin, the specific way this was done wasn't identified by the Office of San Francisco Mayor Ed Lee, and so the Host Committee was left alone to deal with the PR problem. Until now. As it turns out, doing a little simple math reveals the revenue that can be anticipated. It's important to pay attention here, because all too often media people quote one person or another rather than doing their own homework. This is where traditional media has contaminated blogging and Internet news: in the past, bloggers wrote posts that either confirmed or rejected the entries of other blogs on a subject, and presented their methodology, even if that included math. Today, people who to love to toss the term “journalist” around flood the Internet with wrongheaded quotes from whomever, always serving some agenda, and seldom bother to use the Internet to do their own homework in the action of fact-checking. That's called bad blogging, but I digress. When I saw the Super Bowl revenue news, I immediately wondered what the impact of hotel occupancy and room rates would be on this to start (thinking of sales tax revenue and other monies later), and so went to use this basic formula as the basis for a spreadsheet to look at the problem: Hotel Tax Revenue = Number Of Rooms times Avg Room Rate, times Occupancy Rate, times Room Stay Days, times Hotel Room Price Increase, times Hotel Tax Rate. I then believed the best evaluation of potential Super Bowl revenue from the Hotel Tax was to establish a baseline of money expectations during the Super Bowl Hotel Period, but without the game, and then compare that to what's expected with Super Bowl 50 in San Francisco. The baseline condition is as follows: Number of Hotel Rooms: 33,462 according to Visit SF data from 2013 (which could be higher, but that's the best number I could find). San Francisco Hotel Tax Rate: 14 Percent Average San Francisco Room Rate Per Day: $397 according to a Bloomberg 2015 report and survey with CheapHotels.com – the Price Increase Factor plays a role in the Super Bowl comparison here. Room Stay Days: 7 – which includes the four day Super Bowl Period minimum, and three days to the Monday of Super Bowl week, as Super Bowl Media Day is the next day, Tuesday, and much of the media will have arrived and already booked into their hotel rooms, as well as many people connected with the NFL, and Super Bowl fans – some with tickets, some looking for tickets, others just in town for the parties. Super Bowl Price Increase Factor: It's widely noted that hotel prices are already jacked up in many cases throughout the Bay Area and in San Francisco. The average increase is said to be 124 percent – but I use a very conservative rate of 30 percent over the norm. SF Hotel Occupancy Rate: The normal hotel occupancy rate for this time of year January 30th to February 7th in the City of San Francisco is about 75 percent according to data online. A Super Bowl will increase that substantially, but I use 90 percent, which is about equal to the normal demand levels in San Francisco during the Summer – a 15 percent increase in the occupancy rate for that period. You have to remember that a Super Bowl commonly attracts double the number of people who have tickets who want hotel rooms, so that's a base of 140,000 people looking for rooms (there will be far more than that), in a city that has just 33,462 of them. Yes, there are rooms throughout the SF Bay Area, but the demand is focused on San Francisco because that's where most of the rooms are concentrated and where the party and event action is. With this, the baseline revenue would be $9.764 million. For the Super Bowl, the Price Increase Factor brings the room rate per day to an average of $516 from the already high average of $397 per day. That, combined with the 15 percent occupancy rate increase, will yield $15.231 million – that's a difference of about $5.467 million for the Super Bowl period, or about $1.367 million more than is needed to pay for the service costs the Super Bowl will reportedly cost San Francisco. MORE:
via YouTube http://youtu.be/huvgDr_Yl5Q
'A few snowflakes' possible — but unlikely — in metro Atlanta – Atlanta Journal Constitution
‘A few snowflakes’ possible — but unlikely — in metro AtlantaAtlanta Journal ConstitutionAfter 6 a.m. or so, “a few snowflakes” may even make an appearance in the northern reaches of metro Atlanta but any kind of accumulation is unlikely, even in the mountains, Monahan said. Snow flurries possible in mountains photo Kent D. Johnson. …read […]
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Person dead after shooting in SE Atlanta – WXIA-TV
Person dead after shooting in SE AtlantaWXIA-TVATLANTA — One person has died after a shooting in southeast Atlanta Saturday night. According to Atlanta Police Major Barry Shaw, police responded to a robbery call at a Texaco store on McDonough Blvd. near Henry Thomas Drive. A person there told …and more …read more From:: Atlanta News […]
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Albany State women's basketball defeats Clark Atlanta, 72-63 – WFXL FOX 31
Albany State women’s basketball defeats Clark Atlanta, 72-63WFXL FOX 31The Albany State women’s basketball team continued their success in conference play, as they defeated Clark Atlanta, 72-63, on Saturday at HPER Gymnasium. The Rams trailed by eight entering halftime, but a strong third quarter helped boost them to the …and more …read more From:: Atlanta […]
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Saturday, January 16, 2016
Papago Dash Cam GoSafe 388, GoSafe 268 Pt2 CES #CES2016
Papago Dash Cam GoSafe 388, GoSafe 268 Pt2 CES #CES2016
Papago Dash Cam GoSafe 388, GoSafe 268 Pt2 CES This is part two of my Papago Dash Cam at CES 2016 video presentation. Here is part one: https://www.youtube.com/watch?v=0NiTDCS4YcM
via YouTube http://youtu.be/9N4mlz55Ta0
Papago Dash Cam GoSafe 388, GoSafe 268 Pt2 CES This is part two of my Papago Dash Cam at CES 2016 video presentation. Here is part one: https://www.youtube.com/watch?v=0NiTDCS4YcM
via YouTube http://youtu.be/9N4mlz55Ta0
Papago Dash Cam GoSafe 388, 268 At CES 2016 #CES2016
Papago Dash Cam GoSafe 388, 268 At CES 2016 #CES2016
Papago Dash Cam GoSafe 388, 268 At CES 2016 PAPAGO! is pleased to announce GoSafe 388 - designed to capture the entire road without taking up space on your windshield. Made with ionized molecular material to prevent bacteria build-up this micro-sized dash cam records in high quality 1080HD and 142° angle, so you are certain to capture everything in your path. The motion detection feature protects your vehicle from any mishaps during your absence while the Stop & Go, Light Reminder, and Driver Fatigue warning features help keep you focused on the road. The optional GPS antenna will help track your location and speed. Record those important instances with amazing footage and precision. The flagship model to be released early this year is the GoSafe 268. This model mounts onto the mirror replacing the stock rearview mirror. The LCD screen is embedded into the mirror with an easy user interface. The Sony sensor and high-quality mirror lens will provide the top video quality in every lighting situation and climate, while supporting up to a 64GB Micro SD card. Unlike any other dash cam on the market the GoSafe 268 has the parking guard feature, which will allow the dashcam to record 10 second videos when the device feels a bump or is hit in anyway, with or without a power supply when the battery is fully charged. This innovative design is the only one in its’ class.
via YouTube http://youtu.be/0NiTDCS4YcM
Papago Dash Cam GoSafe 388, 268 At CES 2016 PAPAGO! is pleased to announce GoSafe 388 - designed to capture the entire road without taking up space on your windshield. Made with ionized molecular material to prevent bacteria build-up this micro-sized dash cam records in high quality 1080HD and 142° angle, so you are certain to capture everything in your path. The motion detection feature protects your vehicle from any mishaps during your absence while the Stop & Go, Light Reminder, and Driver Fatigue warning features help keep you focused on the road. The optional GPS antenna will help track your location and speed. Record those important instances with amazing footage and precision. The flagship model to be released early this year is the GoSafe 268. This model mounts onto the mirror replacing the stock rearview mirror. The LCD screen is embedded into the mirror with an easy user interface. The Sony sensor and high-quality mirror lens will provide the top video quality in every lighting situation and climate, while supporting up to a 64GB Micro SD card. Unlike any other dash cam on the market the GoSafe 268 has the parking guard feature, which will allow the dashcam to record 10 second videos when the device feels a bump or is hit in anyway, with or without a power supply when the battery is fully charged. This innovative design is the only one in its’ class.
via YouTube http://youtu.be/0NiTDCS4YcM
Pregnant teen gives birth after being shot at MARTA station – Atlanta Journal Constitution
Pregnant teen gives birth after being shot at MARTA stationAtlanta Journal ConstitutionThe drive-by shooting took place at the Oakland City MARTA station in southwest Atlanta shortly after midnight. The girl was hit in the chest and a 15-year-old boy was shot in the leg. The girl, who is in critical but stable condition, was eight […]
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Texas Chihuahua, lost for 5 months, found in Atlanta – Las Vegas Review-Journal
Texas Chihuahua, lost for 5 months, found in AtlantaLas Vegas Review-JournalWhen the owner, Amanda Benton, was contacted, she was ready to hop in her car and pick Coco up … until she realized he was in Atlanta. Coco had traveled all the way from Arlington, Texas, and had been missing since September. The Atlanta Humane […]
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Gym Dogs hold off Arkansas for first victory of season – DogBytes Online
Gym Dogs hold off Arkansas for first victory of seasonDogBytes OnlineFAYETTEVILLE, Ark. | Behind strong finishes from Brittany Rogers and Mary Beth Box on beam, the No. 15 Georgia gymnastics team staved off a comeback by Arkansas to win its first meet of the season 196.775–196.700 at Barnhill Arena on Friday. Georgia …and more …read […]
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