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Township financials favorable to date; Visit The Woodlands warns group business softness
Summary
Finance staff reported year-to-date revenues favorable to budget (+$4.1M) through October, with sales tax ahead and hotel-occupancy slightly under; Visit The Woodlands said group bookings softened but 2026 lead volume looks strong and holiday marketing is planned.
At the Nov. 19 meeting the board received October financials and a quarterly update from Visit The Woodlands on tourism and convention business.
Chief Financial Officer Kellen Schall reported year-to-date budgeted revenues of $127.1 million and collections of $131.3 million, a favorable variance of about $4.1 million driven largely by sales-tax…
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