Ray Hoyt: Diversifying DMO Revenue Streams

When Ray Hoyt was named CEO of Visit Tulsa, he knew Job #1 was increasing revenue for the DMO. Over the past decade, he has grown the organizations budget from $1.8 million to $7 million by increasing his City's investment of Room Tax, developing an aggressive Corporate investment program that is a model for the DMO sector and managing an exhaustive drive to establish a Business Improvement District. In this edition of DMOU, Ray shares his path forward in diversifying his DMO's revenue streams and positioning Visit Tulsa to continue to be able to drive business, even in an economic downturn.