Modest - 2023 - West End Articles Page 10

At today's annual meeting of the Governing Members, the Detroit Symphony Orchestra (DSO) announced that Fiscal Year 2014 achieved a second consecutive modest surplus, in line with Blueprint: 2023, the organization's 10-year plan. This achievement owes in large part to annual contributions of $17.4 million, exceeding budgeted goals. This is the third consecutive year of increased individual giving ($5.4 million), donor base (10,350 donors) and subscription sales growth (13,760 subscriptions). Fiscal Year 2014 concluded on August 31, 2014 and represents the 2013-14 concert season.

Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation, said, 'Our second quarter of 2013 reflected ongoing positive trends in transient demand at U.S. hotels and strong average daily rate progression.