Joseph B Boschulte

Joseph B Boschulte Email and Phone Number

Commissioner of Tourism @ U.S. Virgin Islands Department of Tourism​
St. Thomas, U.S. Virgin Islands
Joseph B Boschulte's Location
St Thomas, US Virgin Islands, Virgin Islands, U.S.
About Joseph B Boschulte

Throughout my career, I have advocated for innovation to improve travel experiences and quality service. Currently, I play a vital role in supporting high impact decision making with a customer-centric mindset.As a Senior Executive, I partner across organizations to build relationships that embrace new ideas and enhance team performance. I structure win-win agreements and implement operational priorities that drive financial growth and operational achievement. I’ve been a catalyst for guiding businesses through tough economies, establishing strategic financial models, and overcoming regulatory barriers.My background includes high-level positions in Destination & Administration, Transportation Logistics, Finance, Government, Investment Banking – in public corporations and private entities. Positioned as a C-level executive and business driver, I’ve achieved continuing successes in revenue generation, profitability, and business growth within turnaround and ever-changing environments. Known as a strategic company leader, I delivered strong operational objectives while earning team confidence and support.Recent notable achievements:> During fiscal year 2022, marketing strategies resulted in increases of 96.7% in air visitor arrivals and 27.7% in hotel occupancy from 2020 to 2021. During 1/Q, visitor arrivals surged 153%.> Between 2019 and 2021, the USVI became the fastest-growing location for total airlift capacity in the Americas, growing total departure seats by 35.8%.> By blending sports with promotions and marketing, the USVI was selected as one of the locations in the highly coveted “2022 Sports Illustrated Swimsuit Edition.”> Website strategy resulted in almost $2M in hotel revenue generated between 10/2021 and 5/2022, representing 34% increase from FY21 revenue generated by USVI website to hotels.Broad administrative and operations management experience in:Executive Leadership | Port-Hub Management | Strategic Planning | Fundraising | Regulatory Oversight | Investment Management | Benefit Administration | Financial Analysis | Policy Administration | P&L, Budgets, Forecasting | Nonprofit | Due Diligence | Acquisition Integration

Joseph B Boschulte's Current Company Details
U.S. Virgin Islands Department of Tourism​

U.S. Virgin Islands Department Of Tourism​

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Commissioner of Tourism
St. Thomas, U.S. Virgin Islands
Website:
visitusvi.com
Employees:
8
Joseph B Boschulte Work Experience Details
  • U.S. Virgin Islands Department Of Tourism​
    Commissioner Of Tourism
    U.S. Virgin Islands Department Of Tourism​
    St. Thomas, U.S. Virgin Islands
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  • U.S. Virgin Islands Department Of Tourism​
    Commissioner
    U.S. Virgin Islands Department Of Tourism​ Jan 2019 - Present
    St. Thomas, Vi
    Manage and promote the U.S. Virgin Islands as a premier tourist destination in all viable tourist markets – airlines, cruise, and hotel partners – nationally and internationally. Evaluate the global industry and develop strategies to position the Territory as a competitive and desirable tourist destination.Communicate with local tourist/tourist-related businesses; develop a high-quality effective public relations and marketing program. Develop long-term strategies for the successful development of the Virgin Islands' economy. Prepare annual budgets for all department operations; specify rules and regulations, consistent with law, for Department administration and execution of its powers and duties.> Lead teams in concert with the Governor and Commissioner of Health to reopen the territory in June 2020 from pandemic shutdown. > Head an aggressive communications outreach with airline partners to return service to the USVI; work closely with health professionals to draft a set of health protocols for the tourism industry. > Stimulate initiatives to lead the region in several statistical categories including REVPAR, daily average rates on the hotel side, and high load factors on airlines. Occupancy levels surpassed respective numbers (prior to the two category 5 hurricanes that devasted the islands in 2017 and pre-Covid).
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  • Halcyon Partners Llc
    President & Chief Executive Officer
    Halcyon Partners Llc 2017 - 2018
    St. Thomas, Vi
    Provided full-spectrum management consulting services focusing on Tourism, Hospitality, Utilities, Real Estate. Offered executive-level, hands-on strategy planning, operational insight, financial discernment, and development of action plans. Capitalized on deep background as well as functional expertise utilizing a holistic perspective in areas of operations, marketing, technology, analytics, finance, mergers & acquisitions, and sustainability across all industries and geographies.Represented organizations at meetings with the board, governments and regulators, Public Services Commission, and other agencies or utilities.
  • The West Indian Company Limited
    President & Chief Executive Officer | Board Of Directors
    The West Indian Company Limited 2012 - 2017
    St. Thomas, Vi
    As member of the WICO Board of Directors and principal company spokesperson, managed a global top-five cruise port and one of the busiest cruise ship ports and retail centers in the Caribbean. Headed the largest retail property in the Virgin Islands with 70 tenants including retailers, bars & restaurants, professional offices, U.S. Post Office, pharmacy, and grocery store with near 100% occupancy. Managed taxi concession of the VI Taxi Association with 700+ members.Testified annually to the Legislature of the Virgin Islands to provide a financial and strategic overview of WICO and the cruise industry. Guided company to a sustained multimillion-dollar annual profit from million-dollar annual losses. Negotiated a multimillion-dollar settlement after years of inaction to protect WICO and the VI. Led WICO to meet its debt coverage for the first time in five years.
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  • The Virgin Islands Water And Power Authority
    Chief Financial Officer
    The Virgin Islands Water And Power Authority 2011 - 2012
    St. Thomas, Vi
    Directed financial infrastructure of financial systems, procedures, personnel, policies for autonomous public utility with total operating revenues of $338M+. Provided executive financial leadership, advised CEO with business strategies, financial models, core competency capitalization, revenue stream strategies, diplomatic partner development. Steered relationships with regulatory agencies, national and international financiers. Supervised cash flow, budgets, financial planning/reporting, compliance with tax reporting. Administered federal and local grant operations.
  • Government Employees’ Retirement System Of The Virgin Islands
    Chief Financial Officer
    Government Employees’ Retirement System Of The Virgin Islands 2008 - 2011
    St. Thomas, Vi
    Managed cash management program of the retirement system with assets under management of more than $1.5B. Led all financial reporting, statements of net assets, tax returns, government regulatory agencies following GAAP for benefit pension plan for 11,000 employees and 8,200 retirees/pensioners of the US Virgin Islands government.Handled investment portfolio of cash, stocks, bonds, and real property assets. Supervised investments of funds valued at $1B+ and worked closely with banks and/or investment firms to raise additional capital as required for the system’s continued growth.
  • Virgin Islands Public Services Commission
    Commissioner, Chairman
    Virgin Islands Public Services Commission 2005 - 2010
    St. Thomas, Vi
    Regulatory commission of public utilities (electric, potable water, telephone, cable TV, and ferry boat services) operating in the Virgin Islands tasked with ensuring fair and reasonable rates and quality service.
  • University Of The Virgin Islands
    Vice President Of Institutional Advancement
    University Of The Virgin Islands 2003 - Jan 2008
    St. Thomas, Vi
    Oversaw the University’s operations for annual giving, major gifts, alumni relations. Guided annual and multi-year planning of development goals. Coordinated public relations, marketing, media strategies and campaigns. Worked closely with development staff in the identification, cultivation, and solicitation of prospective donors. Served as a company spokesperson, Chief Campus Development Officer, Executive Director of the Foundation of the University of the Virgin Islands, Events Coordinator, Capital Campaign Manager, and member of the President’s Cabinet. Worked with the Board of Trustees and Alumni Association. Expanded donor base, nurtured support among students, parents, alumni, volunteers, university community. Executive Director of the Reichhold Center for the Arts.
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  • Wachovia Securities, Inc.
    Senior Vice President, Corporate Finance
    Wachovia Securities, Inc. 2000 - 2002
    Atlanta, Ga
    Provided strategic and financial advisory services to United States corporations with revenues of more than $500M across a variety of industries in Northwest U.S. territories. Structured corporate finance solutions covering the company’s operating and finance objectives: capital structure, debt refinancing, equity appreciation.
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  • Banc Of America Securities, Llc
    Vice-President, Middle Market Investment Bank
    Banc Of America Securities, Llc 1995 - 2000
    Charlotte, Nc
    Vice-President, Middle Market Investment Bank | Charlotte, NCAdvised on capital market products, diverse industries, and geographic regions to companies with revenues from $50M to $500M. Worked in concert with product specialists to assess and structure the clients’ optimal choices of capital, including debt, equity, or a combination of both. Evaluated strategic alternatives including mergers, acquisitions and divestitures for public and private mid-sized companies with senior management.Vice-President, Structured Capital Markets Group | NYCProvided advisory and financial services to multinational corporations on international financial solutions. Created and delivered marketing presentations and recommended funding solutions through innovation, proprietary, cross-border financial strategies. Performed IPO due diligence and executed deal terms for capital market financings.Associate, Corporate Finance & Capital Market Services | Atlanta, GAPerformed due diligence and drafted offering memoranda on public offerings in US capital markets.
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Joseph B Boschulte Education Details

Frequently Asked Questions about Joseph B Boschulte

What company does Joseph B Boschulte work for?

Joseph B Boschulte works for U.s. Virgin Islands Department Of Tourism​

What is Joseph B Boschulte's role at the current company?

Joseph B Boschulte's current role is Commissioner of Tourism.

What schools did Joseph B Boschulte attend?

Joseph B Boschulte attended University Of Virginia Darden School Of Business, The College Of William And Mary, Indiana University-Purdue University At Indianapolis.

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