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HomeMy WebLinkAbout08. Vail_Economic_Indicators_Dashboard_Summer_2023_final1 - 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 Average Summer Temperature - NOAA National Centers for Environmental information 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 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 summer 2023 (May - October) 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 Chart Sources Town of Vail 2023 Summer Season Economic Indicators Dashboard Glossary Town of Vail Summer 2023 Season Economic Indicators Dashboard 140 161 504 260 196 13 9 22 8 4 153 170 526 268 200 2023 2022 2021 2020 2019 Number of Residential Properties Sold in Vail Number of Commercial Properties Sold in Vail Total Real Estate Sales in Vail Real Estate Transactions 14 2023 2022 2021 2020 2019 Sum of Total Real Estate Sales 15 DestiMetrics Average Daily Rate ($)3 59.6 60.2 60.4 60.6 57.3 2023 2022 2021 2020 2019 Vail Average Summer Temperature (F) 10 1,520 2,342 1,743 7,119 5,388 27 20 38 1 14 - 5 10 15 20 25 30 35 40 - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 2023 2022 2021 2020 2019 Vehicles on Frontage Roads Days Parking Structures are Full Frontage Road Parking and Days Parking Structure Full 7 DestiMetrics Occupancy (%)1 55,732 53,734 69,172 18,287 39,156 55,519 54,388 68,900 17,805 40,726 2023 2022 2021 2020 2019 ECA Enplanements (people)ECA Deplanements (people) Eagle County Airport Deplanements and Enplanements 12 Denver International Airport Deplanements 13 6,759,258 6,740,411 6,685,579 5,688,795 6,887,036 2023 2022 2021 2020 2019 Vehicles to Pass Thru Einsenhower Tunnel / Vail Pass Eisenhower Tunnel Traffic 11 DestiMetrics Revenue Per Available Room ($)2 2023 2022 2021 2020 2019 318,919 218,794 450,100 365,775 417,439 151,192 104,198 180,813 218,688 261,809 Vail Village Parking Structure Count Lionshead Parking Structure Count Parking Structure Count 8 Welcome Center Visitation 57,559 62,122 57,943 18,665 85,332 - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 2023 2022 2021 2020 2019 Visits to Vail Village Welcome Center Visits to Lionshead Welcome Center Total Welcome Center Visits 9 $1,959,971 $2,076,506 $2,009,393 $1,445,153 $1,372,088 $306,719 $330,418 $363,476 $262,470 $314,453 $1,017,273 $974,152 $958,072 $963,408 $827,124 $3,283,963 $3,381,076 $3,330,941 $2,671,031 $2,513,665 2023 2022 2021 2020 2019 Vail Village Retail Sales Tax Collected Lionshead Retail Sales Tax Collected Cascade, East Vail, Sandstone, West Vail Retail Sales Tax Collected Total Retail Sales Tax Collected Retail Sales Tax Collection 5 $2,354,591 $2,321,971 $2,408,435 $1,565,960 $1,842,189 $652,008 $669,524 $547,277 $298,895 $439,240 $489,186 $531,529 $433,826 $244,114 $441,645 $3,495,785 $3,523,024 $3,389,538 $2,108,969 $2,723,074 2023 2022 2021 2020 2019 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 F&B Sales Tax Collection 6 170 526 268 200 198 $1,627 $1,392 $1,284 $1,021 $876 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 2023 2022 2021 2020 2019 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 $1,399,318 $1,498,721 $1,398,088 $1,000,344 $1,241,364 $721,753 $757,311 $693,386 $604,516 $897,873 $635,768 $679,345 $672,739 $338,378 $511,111 $2,756,839 $2,935,377 $2,764,213 $1,943,238 $2,650,348 2023 2022 2021 2020 2019 Cascade, East Vail, Sandstone, West Vail Lodging Tax Collected Lionshead Lodging Tax Collected Vail Village Lodging Tax Collected Total Lodging Tax Collected 4 20,883,076 18,939,188 17,137,443 7,182,676 18,832,932 2023 2022 2021 2020 2019 43.2%43.0%45.4% 30.3% 45.0% 2023 2022 2021 2020 2019 -32.7% $147 $148 $141 $77 $106 2023 2022 2021 2020 2019 Summer Average Daily Rate Percent Change Year-Over- Year 2023 2022 2021 2020 2019 $340 $346 $311 $254 $236 -1.7% Lodging Sales Tax Collection Summer Average Daily Rate Percent Change Year-Over- Year +0.5% Summer Average Daily Rate Percent Change Year-Over- Year -0.7% Year DMX Occupancy Occupancy YOY % Change DMX ADR ADR YOY % Change DMX RevPAR RevPAR YOY % Change Vail Golf Course Visitation Vail Village Parking Structure Count Lionshead Parking Structure Count Vehicles on Frontage Roads Days Parking Structures are Full DIA Deplanements (people) ECA Deplanements (people) ECA Enplanements (people) Available Seats into ECA Visits to Vail Village Welcome Center Visits to Lionshead Welcome Center Total Welcome Center Visits Vehicles to Pass Thru Einsenhower Tunnel / Vail Pass Average Summer Temperature (Degrees F) 4th of July Day of Week 2023 43.2%0.4%340.00$ -1.7%$147.00 -0.7%18,440 318,919 151,192 1,520 27 20,883,076 55,732 55,519 73,280 32,606 24,953 57,559 6,759,258 59.6 45,025.0 2022 43.0%-5.3%346.00$ 11.3%$148.00 5.0%22,859 218,794 104,198 2,342 20 18,939,188 53,734 54,388 74,826 36,831 25,291 62,122 6,740,411 60.2 44,668.0 2021 45.4%49.9%311.00$ 22.2%$141.00 83.0%24,000 450,100 180,813 1,743 38 17,137,443 69,172 68,900 98,297 31,328 26,615 57,943 6,685,579 60.4 44,290.0 2020 30.3%-32.7%254.43$ 7.8%$77.07 -27.3%n/a 365,775 218,688 7,119 1 7,182,676 18,287 17,805 29,915 12,066 6,599 18,665 5,688,795 60.6 43,933.0 2019 45.0%-6.1%236.00$ -0.8%$106.00 -7.0%22,792 417,439 261,809 5,388 14 18,832,932 39,156 40,726 53,304 42,164 43,168 85,332 6,887,036 57.3 43,576.0 2018 47.9%-2.2%238.00$ -0.4%$114.00 -2.6%20,658 465,360 312,274 5,197 17 17,296,457 32,180 31,870 46,746 37,825 37,033 74,858 6,879,713 61.3 43,191.0 2017 49.0%-0.2%239.00$ 7.2%$117.00 7.3%24,371 446,542 276,308 7,020 22 14,507,943 27,615 27,615 45,064 29,461 37,639 67,100 6,548,242 58.7 42,830.0 2016 49.1%10.8%223.00$ 12.1%$109.00 25.3%20,672 442,210 284,887 6,230 22 16,274,181 29,020 29,465 42,040 22,069 23,380 45,449 6,458,322 57.0 43,551.0 2015 44.3%2.8%199.00$ 4.7%$87.00 6.1%24,334 419,707 245,483 6,018 20 14,311,763 26,791 28,987 42,543 25,896 18,539 44,435 6,074,994 57.0 42,099.0 2014 43.1%3.9%190.00$ 9.8%$82.00 13.9%24,187 n/a n/a n/a n/a 13,803,008 29,737 30,411 45,558 16,850 21,359 38,209 5,829,054 55.8 41,749.0 2013 41.5%3.5%173.00$ 2.4%$72.00 4.3%24,681 347,451 153,566 2,294 20 13,895,694 29,162 31,149 45,340 19,640 16,512 36,152 5,609,828 57.0 41,364.0 2012 40.1%4.2%169.00$ 3.7%$69.00 9.5%25,000 n/a n/a n/a n/a 14,213,370 26,626 27,409 43,107 26,142 27,883 54,025 5,598,788 58.2 41,007.0 2011 38.5%9.7%163.00$ 7.9%$63.00 14.5%21,963 645,725 463,139 3,072 24 14,117,198 32,418 32,438 56,573 26,132 18,307 44,439 5,554,275 56.1 40,657.0 2010 35.1%4.8%151.00$ 3.4%$55.00 12.2%23,332 312,603 221,233 4,853 35 13,974,281 37,760 37,874 57,708 24,168 17,237 41,405 5,833,139 56.2 40,272.0 2009 33.5%-11.8%146.00$ -5.8%$49.00 -16.9%23,414 297,349 218,482 n/a n/a 13,517,792 8,434 8,916 16,631 24,774 18,000 42,774 6,043,720 55.5 39,915.0 2008 38.0%-3.6%155.00$ 0.0%$59.00 -3.3%24,993 n/a n/a n/a n/a 13,600,079 37,300 37,544 71,501 26,098 19,319 45,417 5,821,092 54.5 39,530.0 2007 39.4%2.6%155.00$ -1.9%$61.00 n/a 24,600 n/a n/a n/a n/a 13,237,818 48,043 31,858 76,852 22,658 25,340 47,998 6,074,027 56.1 39,180.0 2006 38.4%-1.8%158.00$ 11.3%n/a n/a 22,300 n/a n/a n/a n/a 12,639,845 37,750 27,243 63,058 25,032 31,103 56,135 5,585,158 55.5 38,823.0 2005 39.1%n/a 142.00$ n/a n/a n/a 23,000 n/a n/a n/a n/a 11,561,666 39,779 40,355 64,455 n/a n/a #VALUE!5,488,399 57.9 38,438.0 Town of Vail Summer 2023 Season Economic Indicators Raw Data Through Summer Season 2005 Year 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 2023 $153.00 $3,245,015.03 $1,627.22 $549,104,234.00 140 13 2022 $170.00 $2,821,430.50 $1,392.25 $585,997,644.00 161 9 2021 $526.00 $2,609,463.99 $1,284.12 $1,342,599,479.00 504 22 2020 $268.00 $2,490,841.96 $1,021.12 $643,373,806.86 260 8 2019 $200.00 $1,926,165.92 $876.12 $369,547,475.00 196 4 2018 $198.00 $1,946,390.61 $865.45 $386,578,216.00 190 8 2017 $176.00 $1,869,017.00 $868.00 $315,528,027.00 170 6 2016 $195.00 $1,485,705.54 $720.38 $282,139,670.00 191 4 2015 $203.00 $1,788,654.00 $803.00 $363,096,860.00 196 7 2014 $197.00 $1,584,734.00 $777.98 $306,239,595.00 189 8 2013 $199.00 $1,234,990.00 $681.99 $235,995,092.00 194 5 2012 $186.00 $1,382,832.39 $652.00 $261,284,200.00 182 4 2011 $126.00 $1,443,005.70 $723.54 $174,867,073.00 120 6 2010 $195.00 $2,111,644.10 $1,060.00 $411,770,600.00 194 1 2009 $115.00 $1,112,728.70 $568.00 $127,963,800.00 98 17 2008 $149.00 $2,508,787.25 $1,344.00 $373,809,300.00 156 6 2007 $158.00 $1,370,692.41 $726.00 $216,569,400.00 144 7 2006 $217.00 $1,391,525.81 $831.00 $301,961,100.00 200 2 2005 n/a n/a n/a n/a n/a n/a Town of Vail Summer 2023 Season Economic Indicators Raw Data Through Summer Season 2005 Year Vail Village Retail Sales Tax Collected Lionshead Retail Sales Tax Collected Cascade, East Vail, Sandstone, West Vail Retail Sales Tax Collected Total Retail Sales Tax Collected 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 Consumer Confidence Index (CCI) (1985=100) USD vs Euro 2023 $1,959,971 $306,719 $1,017,273 $3,283,963 $1,399,318 $721,753 $635,768 $2,756,839 $2,354,591 $652,008 $489,186 $3,495,785 106.5 $0.92 2022 $2,076,506 $330,418 $974,152 $3,381,076 $1,498,721 $757,311 $679,345 $2,935,377 $2,321,971 $669,524 $531,529 $3,523,024 102.3 $0.98 2021 $2,009,393 $363,476 $958,072 $3,330,941 $1,398,088 $693,386 $672,739 $2,764,213 $2,408,435 $547,277 $433,826 $3,389,538 118.4 $0.84 2020 $1,445,153 $262,470 $963,408 $2,671,031 $1,000,344 $604,516 $338,378 $1,943,238 $1,565,960 $298,895 $244,114 $2,108,969 94.2 $0.87 2019 $1,372,088 $314,453 $827,124 $2,513,665 $1,241,364 $897,873 $511,111 $2,650,348 $1,842,189 $439,240 $441,645 $2,723,074 129.7 $0.90 2018 $1,279,590 $301,823 $820,828 $2,402,241 $1,314,488 $716,269 $469,172 $2,499,929 $1,868,141 $517,589 $452,655 $2,838,385 131.9 $0.86 2017 $1,220,480 $284,741 $794,338 $2,299,559 $1,251,163 $720,734 $192,236 $2,164,133 $1,767,363 $447,041 $256,570 $2,470,974 120.4 $0.87 2016 $1,119,161 $274,303 $789,672 $2,183,136 $1,103,702 $681,689 $180,743 $1,966,134 $1,634,767 $404,250 $242,691 $2,281,708 98.8 $0.89 2015 $1,002,844 $276,637 $773,618 $2,053,099 $948,594 $550,312 $347,009 $1,845,915 $1,509,959 $385,521 $360,882 $2,256,362 98.1 $0.90 2014 $951,110 $251,648 $739,044 $1,941,802 $845,596 $515,516 $323,888 $1,685,000 $1,368,909 $400,037 $321,739 $2,090,685 89.2 $1.31 2013 $834,765 $231,636 $729,524 $1,795,925 $748,929 $439,932 $319,467 $1,508,328 $1,284,706 $364,913 $305,660 $1,955,279 78.6 $1.33 2012 $761,608 $228,588 $717,161 $1,707,357 $690,978 $387,978 $303,198 $1,382,154 $1,217,111 $356,930 $283,365 $1,857,406 65.9 $1.26 2011 $693,894 $228,326 $694,593 $1,616,813 $587,090 $361,690 $268,044 $1,216,824 $1,082,986 $287,316 $269,587 $1,639,889 51.8 $1.41 2010 $609,452 $199,152 $661,824 $1,470,428 $408,732 $343,795 $237,964 $990,491 $853,549 $278,229 $255,147 $1,386,925 53.3 $1.29 2009 $573,505 $187,175 $680,951 $1,441,631 $330,719 $261,272 $219,353 $811,344 $741,054 $245,649 $228,979 $1,215,682 51.2 $1.42 2008 $666,155 $210,343 $764,727 $1,641,225 $446,399 $324,648 $308,927 $1,079,974 $872,567 $308,728 $286,244 $1,467,539 52.6 $1.49 2007 $724,998 $151,560 $712,127 $1,588,685 $414,789 $323,812 $302,779 $1,041,380 $867,240 $227,858 $335,263 $1,430,361 104.4 $1.37 2006 $709,091 $154,984 $707,587 $1,571,662 $388,552 $282,591 $294,382 $965,525 $777,970 $172,764 $321,019 $1,271,753 104.7 $1.27 2005 $707,992 $146,560 $671,503 $1,526,055 $377,998 $247,305 $276,491 $901,794 $747,920 $161,611 $308,933 $1,218,464 n/a n/a Town of Vail Summer 2023 Season Economic Indicators Raw Data Through Summer Season 2005