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HomeMy WebLinkAbout05. Vail Executive Summary 2024-09-30Destination: Vail September (Actual) September (Actual) Paid Occupancy 47.2%46.0%2.5%Paid Occupancy 51.0%52.4%-2.7% ADR $324 $329 -1.6%ADR $366 $361 1.5% October (On The Books) October (On The Books) Paid Occupancy 25.8%22.6%13.9%Paid Occupancy 29.1%28.7%1.4% ADR $272 $270 0.9%ADR $293 $282 3.6% November (On The Books) November (On The Books) Paid Occupancy 16.1%15.1%7.2%Paid Occupancy 11.9%13.2%-9.9% ADR $294 $332 -11.4%ADR $280 $286 -2.2% December (On The Books) December (On The Books) Paid Occupancy 28.7%30.2%-4.8%Paid Occupancy 23.6%26.0%-9.2% ADR $970 $946 2.6%ADR $799 $776 2.9% January (On The Books) January (On The Books) Paid Occupancy 34.3%35.4%-3.2%Paid Occupancy 30.5%32.1%-5.0% ADR $879 $841 4.5%ADR $711 $688 3.4% February (On The Books) February (On The Books) Paid Occupancy 35.9%36.2%-0.9%Paid Occupancy 33.8%31.5%7.3% ADR $850 $913 -7.0%ADR $748 $763 -1.9% March (On The Books) March (On The Books) Paid Occupancy 24.9%24.3%2.3%Paid Occupancy 22.7%20.6%10.1% ADR $796 $921 -13.6%ADR $734 $741 -1.0% 2024 2023 Year over Year % Difference 2024 2023 Year over Year % Difference September 4.2%5.7%-25.9%September 5.3%6.3%-15.9% Bookings as of September 30, 2024 Data based on a sample of up to 27 properties in the Vail destination, representing up to 2,600 Units ('DestiMetrics Census'*) and 68.46% of 3,797 total units in the Vail destination ('Destination Census'**) Vail Year over Year % Difference DestiMetrics - Industry West Year over Year % Difference Booking Pace (Current Month) Booking Pace (Current Month) 2023202420232024 * DestiMetrics Census: Total number of rooms reported by participating DestiMetrics properties as available for short -term rental in the reporting month. This number can vary monthly as inventories and report participants change over time. ** Destination Census: The total number of rooms available for rental within the community as established by the Vail Transient Inventory Study restatement of August 2015 and adjusted for properties that have opened / closed since that time. This number varies infrequently as new pr operties start, or existing properties cease operations. RESERVATIONS ACTIVITY REPORT Executive Summary 47.2%46.0% Vail September Occupancy vs. Last Year 51.0%52.4% DestiMetrics -Industry West September Occupancy vs. Last Year $324 $329 Vail September ADR vs. Last Year $366 $361 DestiMetrics -Industry West September ADR vs. Last Year Copyright (c) 2024, Sterling Valley Systems All Rights Reserved. Confidential Information not for reproduction and protected by law. DestiMetrics@Inntopia.com www.Inntopia.com