54 Hotel Tax: $9,478,320 Revenue from Contracts: $8,095,592 City/State Funding: $2,524,251 Partnership Revenue: $834,485 PHiL: $871,494* Publications: $129,913 Co-op Revenue: $728,842 Other: $55,030 Total Revenue: $22,717,927 Convention Sales: $11,015,307 Marketing and Communications: $4,725,786 General Administration: $2,328,525 Global Tourism Sales: $2,133,356 Group Tour Sales: $713,241 Partnership: $372,806 Total Expenses: $21,289,021 Non-Operating Revenue: $774,649 Change in Net Assets: $2,203,555 PHLCVB FINANCIALS FY 2024 The PHLCVB appreciates the partnership and contributions of the Pennsylvania Convention Center Authority, the Commonwealth of Pennsylvania, the City of Philadelphia, and the Philadelphia Hospitality Investment Levy. *PHiL grant revenue includes funding awarded for specified conventions and events from the PHiL based on signed agreements. PHLCVB BOARD OF DIRECTORS — OFFICERS Chair, Karen Dougherty Buchholz Executive Vice President, Administration COMCAST CORPORATION Vice Chair, Leonard Buckley General Manager THE RITZ-CARLTON HOTEL, PHILADELPHIA Vice Chair, John McNichol President & CEO PENNSYLVANIA CONVENTION CENTER AUTHORITY Treasurer, Jeff Adeli Partner PRICEWATERHOUSECOOPERS, LLP Secretary, John Pierce Partner SAUL EWING LLP President & CEO, Gregg Caren President & CEO PHILADELPHIA CONVENTION & VISITORS BUREAU 54 41% 35% 11% 3% 4% <1% 3% 2% 52% 22% 10% 3% 2% 11% EXPENSES REVENUES
.png?v=1714509996499){kind=logo}
