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HomeMy WebLinkAbout10. Vail_Economic_Indicators_Dashboard_Winter_2022-231 - DestiMetrics Occupancy (%) - DestiMetrics > Occupancy is the calculation from DestiMetrics used to derrive the count of units occupied in Vail > Calculation: Room Nights Booked / Room Nights Available = Occupancy 2 - DestiMetrics Revenue Per Available Room ($) - DestiMetrics > Revenue Per Available Room (RevPAR) is the calculation from DestiMetrics used to derrive the amount of revenue per unit in Vail > Calculation: Revenue / Room Nights Available = Revenue Per Available Room (RevPAR) 3 - DestiMetrics Average Daily Rate ($) - DestiMetrics > Average Daily Rate (ADR) is the calculation from DestiMetrics used to derrive nightly rate in Vail > Calculation: Revenue / Room Nights Booked = Average Daily Rate (ADR) 4 - Lodging Sales Tax Collection - Town of Vail 5 - Retail Sales Tax Collection - Town of Vail 6 - F&B Sales Tax Collection - Town of Vail 7 - Frontage Road Parking and Days Parking Structure Full - Town of Vail 8 - Parking Structure Count - Town of Vail 9 - Welcome Center Visitation - Town of Vail 10 - Vail on Mountain Snowfall (in.) - onthesnow.com 11 - Eisenhower Tunnel Traffic - Provided by RRC Associates - Source Origin: Colorado Department of Transportation (CDOT) > The summation of all vehicles moving both eastward and westward in the Eisenhower–Edwin C. Johnson Memorial Tunnel 12 - Eagle County Airport Deplanements and Enplanements - Eagle County Regional Airport > Enplanements: Count of people boarding plane > Deplanements: Count of people exiting plane 13 - Denver International Airport Deplanements - flydenver.com > Deplanements: Count of people exiting plane 14 - Real Estate Transactions - Provided by Data Research Associates - Source Origin: Eagle County Assesor's Office 15 - Sum of Total Real Estate Sales - Provided by Data Research Associates - Source Origin: Eagle County Assesor's Office 16 - Total Real Estate Sales in Vail and Average Price per Square ft - Provided by Data Research Associates - Source Origin: Eagle County Assesor's Office Chart Sources About This dashboard is provided as a part of the Town of Vail 2023 Economic Development Strategic Plan and introduces a synopsis of Vail Economic Indicators representing winter 2022/23 (November - April) seasonal view. Summaries are published twice annually as soon as practical after the data has become available, is limited in scope by the availability of data from secondary sources, and is believed to be generally accurate, but not independently verified. DestiMetrics collects lodging performance data from 28 properties in the Vail destination, representing up to 2,600 units and 68.46% of 3,797 total units in the Vail destination Town of Vail 2022/23 Winter Season Economic Indicators Dashboard Glossary $4,061,723 $4,029,655 $2,189,420 $3,032,374 $3,560,556 $2,523,080 $2,509,428 $1,476,178 $2,141,013 $2,527,364 $1,893,108 $1,937,495 $1,002,795 $1,073,576 $1,325,312 $8,477,911 $8,476,578 $4,668,393 $6,246,963 $7,413,233 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 2022-23 2021-22 2020-21 2019-20 2018-19 Cascade, East Vail, Sandstone, West Vail Lodging Tax Collected Lionshead Lodging Tax Collected Vail Village Lodging Tax Collected Total Lodging Tax Collected $4,091,289 $3,737,434 $2,846,675 $2,387,017 $2,816,854 $1,339,393 $1,291,062 $1,003,899 $927,421 $1,190,818 $1,434,795 $1,459,674 $1,382,236 $1,173,580 $1,209,135 $6,865,478 $6,488,169 $5,232,809 $4,488,018 $5,216,807 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 2022-23 2021-22 2020-21 2019-20 2018-19 Vail Village Retail Sales Tax Collected Lionshead Retail Sales Tax Collected Cascade, East Vail, Sandstone, West Vail Retail Sales Tax Collected Total Sales Tax Collected $3,861,070 $3,590,359 $2,546,846 $2,428,408 $2,980,617 $1,004,720 $940,091 $624,611 $585,359 $758,588 $481,960 $443,001 $329,804 $316,525 $427,146 $5,347,751 $4,973,451 $3,501,261 $3,330,293 $4,166,351 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 2022-23 2021-22 2020-21 2019-20 2018-19 Vail Village F&B Tax Collected Lionshead F&B Tax Collected Cascade, East Vail, Sandstone, West Vail F&B Tax Collected Total F&B Tax Collected 32 , 9 4 7 30 , 1 7 6 10 , 5 5 8 29 , 0 7 0 38 , 3 6 5 34 , 9 0 6 28 , 6 4 3 1, 7 8 9 30 , 4 4 2 36 , 0 7 5 67,853 58,819 12,347 59,512 74,440 2022-23 2021-22 2020-21 2019-20 2018-19 Visits to Vail Village Welcome Center Visits to Lionshead Welcome Center Total Welcome Center Visits 102 185 279 154 160 11 13 7 5 11 113 198 286 159 171 - 50 100 150 200 250 300 350 2022-23 2021-22 2020-21 2019-20 2018-19 Number of Residential Properties Sold in Vail Number of Commercial Properties Sold in Vail Total Real Estate Sales in Vail Town of Vail Winter 2022/23 Season Economic Indicators Dashboard Real Estate Transactions 14 2022-23 2021-22 2020-21 2019-20 2018-19 Sum of Total Real Estate Sales 15 DestiMetrics Average Daily Rate ($)3 329 231 218 229 281 2022-23 2021-22 2020-21 2019-20 2018-19 Vail On Mountain Snowfall (in)10 7,176 15,290 9,905 7,107 10,585 51 67 51 26 35 - 10 20 30 40 50 60 70 80 - 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 2022-23 2021-22 2020-21 2019-20 2018-19 Vehicles on Frontage Roads Days Parking Structures are Full Frontage Road Parking and Days Parking Structure Full 7 DestiMetrics Occupancy (%)1 133,285 156,012 129,658 132,837 155,118 172,636 155,100 131,548 139,427 152,807 2022-23 2021-22 2020-21 2019-20 2018-19 ECA Enplanements (people)ECA Deplanements (people) Eagle County Airport Deplanements and Enplanements 12 Denver International Airport Deplanements 13 6,195,668 5,324,673 4,098,239 7,157,774 6,552,207 2022-23 2021-22 2020-21 2019-20 2018-19 Eisenhower Tunnel Traffic 11 DestiMetrics Revenue Per Available Room ($)2 - 200,000 400,000 600,000 2022-23 2021-22 2020-21 2019-20 2018-19 367,769 445,743 395,107 309,181 392,206 186,586 234,787 212,581 216,763 259,448 Vail Village Parking Structure Count Lionshead Parking Structure Count Parking Structure Count 8 Welcome Center Visitation 9 Retail Sales Tax Collection 5 F&B Sales Tax Collection 6 113 198 286 159 171 $1,492 $1,476 $1,083 $1,010 $961 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 0 50 100 150 200 250 300 350 2022-23 2021-22 2020-21 2019-20 2018-19 Total Real Estate Sales in Vail Average Price Per Square Foot - Real Estate Sales in Vail Total Real Estate Sales in Vail and Average Price per Square ft 16 4 56.1%57.4% 46.0% 43.0% 54.1% 2022-23 2021-22 2020-21 2019-20 2018-19 $405 $391 $230 $239 $286 2022-23 2021-22 2020-21 2019-20 2018-19 2022-23 2021-22 2020-21 2019-20 2018-19 $723 $682 $495 $555 $528 Winter Occupancy Percent Change Year-Over-Year Winter Average Daily Rate Percent Change Year-Over- Year -2.0% Winter Revenue Per Available Room Percent Change Year-Over-Year Lodging Sales Tax Collection +4.0%+6.0% 17,341,573 15,279,755 9,956,144 12,223,959 15,377,789 2022-23 2021-22 2020-21 2019-20 2018-19 Year DMX Occupancy DMX Occupancy YOY Change DMX RAO RNB Total Winter Season DMX ADR DMX RevPAR Dobson Ice Arena Visitation Vail Village Parking Structure Count Lionshead Parking Structure Count Vehicles on Frontage Roads Days Parking Structures are Full DIA Deplanements (people) ECA Deplanements (people) ECA Enplanements (people) Available Seats into ECA Visits to Vail Village Welcome Center Visits to Lionshead Welcome Center Total Welcome Center Visits Vail Mountain Total Snowfall Vail In- Town Total Snowfall Vehicles to Pass Thru Einsenhower Tunnel / Vail Pass 2022-23 56.1%-2.4%242,105 $723.00 $405.00 97,000 367,769 186,586 7,176 51 17,341,573 133,285 172,636 234,162 32,947 34,906 67,853 329 217 6,154,479 2021-22 57.4%24.8%256,958 $682.00 $391.00 95,000 445,743 234,787 15,290 67 15,279,755 156,012 155,100 205,793 30,176 28,643 58,819 231 120 6,195,668 2020-21 46.0%7.0%208,214 $495.00 $230.00 33,500 395,107 212,581 9,905 51 9,956,144 129,658 131,548 214,874 10,558 1,789 12,347 218 126 5,324,673 2019-20 43.0%-20.5%200,886 $555.13 $238.70 80,000 309,181 216,763 7,107 26 12,223,959 132,837 139,427 191,162 29,070 30,442 59,512 229 226 4,098,239 2018-19 54.1%7.1%251,024 $528.00 $285.65 78,000 392,206 259,448 10,585 35 15,377,789 155,118 152,807 224,935 38,365 36,075 74,440 281 228 7,157,774 2017-18 50.5%-13.2%217,365 $555.00 $280.32 75,000 373,216 221,506 3,449 15 14,615,014 147,921 146,024 240,474 26,407 76,741 103,148 171 105 6,552,207 2016-17 58.2%2.3%218,557 $566.00 $329.00 71,000 390,989 239,539 6,433 20 14,293,001 131,713 134,036 194,406 17,726 16,552 34,278 215 167 5,925,292 2015-16 56.9%-1.6%245,207 $513.00 $292.00 71,000 379,468 243,814 9,077 27 13,172,733 136,544 135,987 196,822 23,659 23,579 47,238 292 188 5,864,849 2014-15 57.8%0.5%253,066 $492.00 $283.00 47,000 481,875 269,587 1,290 5 12,430,716 133,304 134,429 194,304 19,055 20,635 39,690 234 172 5,557,278 2013-14 57.5%4.7%253,262 $443.00 $255.00 43,646 344,978 173,967 3,270 7 11,140,387 131,323 138,893 196,784 16,818 13,582 30,400 264 227 5,458,044 2012-13 54.9%0.7%240,019 $415.00 $228.00 85,000 335,151 173,777 4,401 10 12,337,722 138,583 140,692 217,310 22,635 29,225 51,860 288 185 5,211,592 2011-12 54.5%-1.3%239,209 $398.00 $224.00 85,000 319,223 167,682 2,074 15 12,618,182 147,121 150,386 249,739 17,757 8,689 26,446 172 112 5,160,226 2010-11 55.2%0.9%234,679 $374.00 $206.00 75,000 343,896 179,971 1,675 14 12,421,502 161,847 162,668 251,735 16,323 6,972 23,295 459 262 5,236,367 2009-10 54.7%5.0%195,152 $353.00 $193.00 80,000 324,979 187,045 7,795 60 11,848,627 166,409 166,848 263,710 17,483 10,616 28,099 271 174 5,690,262 2008-09 52.1%-11.1%184,628 $384.00 $200.00 80,000 288,307 182,028 7,836 75 11,612,990 173,333 174,980 258,727 20,949 11,576 32,525 393 211 5,730,889 2007-08 58.6%-2.8%297,279 $407.00 $239.00 80,000 350,896 184,505 5,947 83 12,005,377 181,602 181,865 283,027 18,051 12,575 30,626 n/a 300 5,709,007 2006-07 60.3%1.2%183,013 $376.00 $226.00 n/a 342,417 174,085 n/a 97 11,359,350 179,620 185,807 284,093 20,004 14,319 34,323 n/a 171 5,694,884 2005-06 59.6%n/a n/a $363.00 $216.00 n/a 325,972 176,716 9,406 72 10,894,042 180,086 181,537 262,994 n/a n/a n/a n/a 244 5,406,952 Year Date of Easter 4th of July Day of Week Christmas Day of Week Average Gasoline Price Per Gallon - Colorado Total Real Estate Sales in Vail Average Sales Price - Real Estate Sales in Vail Average Price Per Square Foot - Real Estate Sales in Vail Total Amount - Gross Real Estate Sales in Vail Number of Residential Properties Sold in Vail Number of Commercial Properties Sold in Vail 2022-23 3/31/2024 Thursday Monday $3.31 $113.00 $3,242,598.50 $1,491.51 $329,988,129 102 11 2021-22 4/17/2022 Monday Saturday $3.52 $198.00 $3,389,275.43 $1,475.97 $635,699,805 185 13 2020-21 4/4/2121 Sunday Friday $2.44 $286.00 $2,011,382.87 $1,083.08 $560,654,300 279 7 2019-20 4/12/2020 Saturday Wednesday $2.39 $159.00 $2,371,926.40 $1,010.20 $370,416,722 154 5 2018-19 4/21/2019 Thursday Tuesday $2.34 $171.00 $2,268,280.28 $960.86 $360,414,529 160 11 2017-18 4/1/2018 Wednesday Monday $2.46 $183.00 $2,218,995.15 $1,044.35 $333,996,328 174 9 2016-17 4/5/2017 Tuesday Sunday $2.54 $173.00 $2,052,405.93 $873.34 $483,065,874 164 9 2015-16 3/27/2016 Monday Friday $1.95 $181.00 $2,013,011.00 $776.58 $351,322,620 176 5 2014-15 4/5/2015 Saturday Thursday $2.32 $174.00 $1,733,518.19 $824.33 $305,044,019 168 6 2013-14 4/20/2014 Friday Wednesday $3.31 $154.00 $2,224,531.00 $828.00 $331,847,416 148 6 2012-13 3/31/2013 Thursday Tuesday $3.33 $182.00 $1,423,375.00 $733.76 $259,054,380 171 11 2011-12 4/8/2012 Wednesday Sunday $3.35 $151.00 $1,709,393.24 $819.68 $252,990,200 143 8 2010-11 4/24/2011 Monday Saturday $3.12 $148.00 $1,780,462.09 $809.42 $258,807,117 148 5 2009-10 4/4/2010 Sunday Friday $2.85 $121.00 $1,641,592.56 $791.00 $198,632,700 113 8 2008-09 4/12/2009 Saturday Thursday $1.83 $97.00 $2,854,324.74 $1,103.00 $276,869,500 82 15 2007-08 3/23/2008 Friday Tuesday $3.03 $177.00 $2,258,364.41 $768.00 $399,730,500 143 11 2006-07 4/8/2007 Wednesday Monday $2.33 $175.00 $2,169,932.57 $902.00 $379,738,200 163 10 2005-06 4/16/2006 Tuesday Sunday $2.33 $174.00 $1,168,248.85 $727.00 $203,275,300 165 5 Year Vail Village Retail Sales Tax Collected Lionshead Retail Sales Tax Collected Cascade, East Vail, Sandstone, West Vail Retail Sales Tax Collected Total Sales Tax Collected Total Sales Tax Collected YOY Change Vail Village Lodging Tax Collected Lionshead Lodging Tax Collected Cascade, East Vail, Sandstone, West Vail Lodging Tax Collected Total Lodging Tax Collected Vail Village F&B Tax Collected Lionshead F&B Tax Collected Cascade, East Vail, Sandstone, West Vail F&B Tax Collected Total F&B Tax Collected Total of All Tax Collected Consumer Confidence Index (CCI) USD vs Euro 2022-23 $4,091,289 $1,339,393 $1,434,795 $6,865,478 6%$4,061,723 $2,523,080 $1,893,108 $8,477,911 $3,861,070 $1,004,720 $481,960 $5,347,751 $20,691,140 104.60 0.94 2021-22 $3,737,434 $1,291,062 $1,459,674 $6,488,169 24%$4,029,655 $2,509,428 $1,937,495 $8,476,578 $3,590,359 $940,091 $443,001 $4,973,451 $19,938,198 110.00 0.92 2020-21 $2,846,675 $1,003,899 $1,382,236 $5,232,809 17%$2,189,420 $1,476,178 $1,002,795 $4,668,393 $2,546,846 $624,611 $329,804 $3,501,261 $13,402,463 97.60 0.83 2019-20 $2,387,017 $927,421 $1,173,580 $4,488,018 -14%$3,032,374 $2,141,013 $1,073,576 $6,246,963 $2,428,408 $585,359 $316,525 $3,330,293 $14,065,274 120.40 0.89 2018-19 $2,816,854 $1,190,818 $1,209,135 $5,216,807 8%$3,560,556 $2,527,364 $1,325,312 $7,413,233 $2,980,617 $758,588 $427,146 $4,166,351 $16,796,391 128.13 0.88 2017-18 $2,656,365 $1,011,612 $1,158,157 $4,826,134 -2%$3,475,578 $2,353,726 $851,815 $6,681,119 $2,797,406 $672,003 $367,362 $3,836,771 $15,344,024 126.30 0.84 2016-17 $2,688,804 $1,077,918 $1,144,856 $4,911,578 -1%$3,653,540 $2,390,144 $589,607 $6,633,291 $2,747,617 $686,663 $213,630 $3,647,910 $15,192,779 115.80 0.94 2015-16 $2,632,010 $1,077,652 $1,237,806 $4,947,468 -4%$3,503,473 $2,283,385 $1,098,184 $6,885,042 $2,678,841 $719,742 $394,421 $3,793,004 $15,625,514 95.20 0.91 2014-15 $2,815,244 $1,114,990 $1,227,947 $5,158,181 8%$3,369,039 $2,139,821 $1,081,508 $6,590,368 $2,688,345 $630,228 $457,360 $3,775,933 $15,524,482 97.10 0.87 2013-14 $2,519,032 $1,050,415 $1,193,258 $4,762,705 8%$3,057,259 $2,110,418 $990,019 $6,157,696 $2,508,143 $681,903 $406,108 $3,596,154 $14,516,555 78.80 1.37 2012-13 $2,242,112 $983,342 $1,165,199 $4,390,653 6%$2,749,317 $1,841,519 $878,048 $5,468,884 $2,330,760 $649,431 $353,727 $3,333,918 $13,193,455 65.80 1.31 2011-12 $2,064,417 $945,095 $1,129,364 $4,138,876 2%$2,475,845 $1,754,076 $835,811 $5,065,732 $2,248,504 $636,214 $341,398 $3,226,116 $12,430,724 65.20 1.32 2010-11 $1,958,121 $977,397 $1,131,777 $4,067,295 11%$2,148,434 $1,670,696 $818,314 $4,637,444 $2,023,554 $632,942 $335,369 $2,991,865 $11,696,604 62.30 1.37 2009-10 $1,696,072 $883,556 $1,095,944 $3,675,572 3%$1,793,215 $1,499,389 $773,479 $4,066,083 $1,679,681 $586,820 $320,657 $2,587,158 $10,328,813 52.90 1.41 2008-09 $1,598,271 $828,915 $1,153,789 $3,580,975 -14%$1,849,345 $1,367,737 $807,303 $4,024,385 $1,653,738 $581,408 $357,009 $2,592,155 $10,197,515 35.30 1.31 2007-08 $2,102,116 $856,906 $1,192,703 $4,151,725 2%$2,147,236 $1,590,517 $1,091,579 $4,829,332 $1,847,564 $552,068 $419,824 $2,819,456 $11,800,513 77.80 1.50 2006-07 $2,235,665 $704,911 $1,144,388 $4,084,964 4%$2,090,189 $1,448,205 $1,062,423 $4,600,817 $1,865,670 $398,375 $445,549 $2,709,594 $11,395,375 107.80 1.32 2005-06 $2,150,643 $680,292 $1,109,781 $3,940,716 n/a $2,021,717 $1,320,180 $911,909 $4,253,806 $1,709,731 $395,789 $427,585 $2,533,105 $10,727,627 104.60 1.20 Town of Vail Winter 2022/23 Season Economic Indicators Raw Data Through Winter Season 2005/06