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HomeMy WebLinkAbout11. Vail RAO as of November 30 2024Executive Summary Res Activity Outlook as of Nov 30, 2024 Executive Summary Data based on a sample of up to 23 properties in the Vail destination, representing up to 2172 Units ('DestiMetrics Census'*) and 57.20% of 3797 total units in the Vail destination ('Destination Census'**) Last Month Performance: Current YTD vs. Previous YTD 2024/25 2023/24 Year over Year % Variance Vail Occupancy for last month (Nov) changed by (-2.8%)Occupancy (Nov) :29.1%29.9%-2.8% Vail ADR for last month (Nov) changed by (0.8%)ADR (Nov) :$ 298 $ 296 0.8% Vail RevPAR for last month (Nov) changed by (-2.0%)RevPAR (Nov) :$ 87 $ 88 -2.0% Next Month Performance: Current YTD vs. Previous YTD Vail Occupancy for next month (Dec) changed by (-3.7%)Occupancy (Dec) :50.3%52.2%-3.7% Vail ADR for next month (Dec) changed by (6.2%)ADR (Dec) :$ 823 $ 775 6.2% Vail RevPAR for next month (Dec) changed by (2.2%)RevPAR (Dec) :$ 414 $ 405 2.2% Historical past 6 months Month Actual Performance: Current YTD vs. Previous YTD Vail Occupancy for the past 6 months changed by (2.7%)Occupancy 45.5%44.3%2.7% Vail ADR for the past 6 months changed by (-0.1%)ADR $ 344 $ 344 -0.1% Vail RevPAR for the past 6 months changed by (2.7%)RevPAR $ 157 $ 153 2.7% Future 6 Month On The Books Performance: Current YTD vs. Previous YTD Vail Occupancy for the furture 6 months changed by (3.4%)Occupancy 35.7%34.6%3.4% Vail ADR for the future 6 months changed by (0.7%)ADR $ 780 $ 774 0.7% Vail RevPAR for the future 6 months changed by (4.1%)RevPAR $ 279 $ 268 4.1% Incremental Pacing - % Variance in Rooms Booked last Calendar Month: Nov 30, 2024 vs. Previous Year Rooms Booked during last month (Nov,24) compared to Rooms Booked during the same period last year (Nov,23) for all arrival dates has changed by (21.1%)Booking Pace (Nov)8.3%6.8%21.1% * Inntopia Census: Total number of rooms reported by participating Inntopia 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 and adjusted for properties that have opened / closed since that time. This number varies infrequently as new properties start, or existing properties cease operations. © 2024 Sterling Valley Systems, Inc. All rights reserved. No parts of this work may be reproduced in any form or by any means, graphic, electronic or mechanical, including photocopying, recording, taping or information storage and retrieval systems - without the written permission of the copyright holder. Products that are referred to in this document may be either trademarks and/or registered trademarks of the respective owners. The publisher and the author make no claim to these Trademarks. While every precaution has been taken in the preparation of this document, the publisher and the author assume no responsibility for errors or omissions, or for damages resulting from the use of information contained in this document or from the use of programs and source code that may accompany it. In no event shall the publisher and the author be liable for any loss of profit or any other commercial damage caused or alleged to have been caused directly or indirectly by this document. Vail Paid Occupancy (Most Recent Data) Res Activity Outlook as of Nov 30, 2024 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Average Daily Rate (Most Recent Data) Res Activity Outlook as of Nov 30, 2024 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Revenue Per Available Room (Most Recent Data) Res Activity Outlook as of Nov 30, 2024 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Variance in YTD Occupancy and ADR Res Activity Outlook 2024/25 vs 2023/24 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Paid Occupancy (Winter-to-date) Res Activity Outlook as of Nov 30, 2024 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Average Daily Rate (Winter-to-date) Res Activity Outlook as of Nov 30, 2024 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Revenue Per Available Room (Winter-to-date) Res Activity Outlook as of Nov 30, 2024 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Variance in YTD Occupancy and ADR (Winter-to-date) Res Activity Outlook as of Nov 30, 2024 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Paid Occupancy (Summer-to-date) Res Activity Outlook as of Nov 30, 2024 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Average Daily Rate (Summer-to-date) Res Activity Outlook as of Nov 30, 2024 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Revenue Per Available Room (Summer-to-date) Res Activity Outlook as of Nov 30, 2024 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Variance in YTD Occupancy and ADR (Summer-to-date) Res Activity Outlook 2024/25 vs 2023/24 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Paid Occupancy Fill Analysis Res Activity Outlook as of Nov 30, 2024 *Based on providing complete pacing data within a given month of occupancy only. Results may differ from those presented elsewhere in report if property set differs. **Results for "Percent Variance in incremental fill" indicate how room nights booked during the month just ended compare to room nights booked during the same month in the prior year, for occupancy in the month just ended and for the upcoming five months (as well as the six-month period in total). These results provide an indication of the degree to which booking activity occurring during the month just ended was greater or less than booking activity occurring in the same month a year ago -- i.e. a measure of the strength of booking activity occurring during the month just ended. Vail Paid Occupancy (Most Recent Data) Res Activity Outlook as of Nov 30, 2024 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Occ Rate: YTD 2024/25 VS. YTD 2023/24 Month of Occupancy Occ Rate as of Nov 30, 2024 Occ Rate as of Nov 30, 2023 Occ Percent Variance in YTD Occ Rate Historic Actual Occ Rate CY Room Nights Available CY Room Nights Booked PY Room Nights Available PY Room Nights Booked # of Properties in sample Jun 24 47.9%46.0%4.2%72,016 34,489 69,671 32,014 25 Jul 24 64.3%61.8%4.1%63,036 40,561 62,370 38,537 23 Aug 24 55.2%54.0%2.1%70,973 39,162 70,724 38,221 25 Sep 24 47.2%46.0%2.5%59,146 27,892 60,399 27,782 24 Oct 24 30.8%30.1%2.3%71,886 22,117 72,739 21,879 25 Nov 24 29.1%29.9%-2.8%65,160 18,930 66,237 19,790 23 Dec 24 50.3%52.2%-3.7%61.7%67,087 33,727 67,891 35,455 23 Jan 25 53.6%52.0%3.1%71.7%66,419 35,602 67,815 35,253 23 Feb 25 51.8%49.4%4.8%75.0%59,420 30,765 63,193 31,222 23 Mar 25 38.2%35.1%8.8%75.9%63,496 24,235 65,438 22,950 22 Apr 25 13.4%10.6%26.7%30.1%64,648 8,667 66,128 6,998 23 May 25 7.9%8.1%-2.9%22.6%65,718 5,190 66,819 5,436 23 Grand Total 40.7%39.5%3.2%50.1%789,005 321,337 799,424 315,537 25 Historical Months Total 45.5%44.3%2.7%44.3%402,217 183,151 402,140 178,223 25 On the Books Total 35.7%34.6%3.4%55.9%386,788 138,186 397,284 137,314 23 Vail Average Daily Rate (Most Recent Data) Res Activity Outlook as of Nov 30, 2024 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Average Daily Rate: YTD 2024/25 VS. YTD 2023/24 Month of Occupancy ADR as of Nov 30, 2024 ADR as of Nov 30, 2023 ADR Percent Variance in YTD Adr Rate Historic Actual ADR CY Room Nights Booked CY Room Revenue Booked PY Room Nights Booked PY Room Revenue Booked # of Properties in sample Jun 24 $316.88 $330.47 -4.1%34,489 $ 10,928,872 32,014 $ 10,579,826 25 Jul 24 $416.33 $416.51 0.0%40,561 $ 16,886,742 38,537 $ 16,051,179 23 Aug 24 $375.57 $369.62 1.6%39,162 $ 14,707,896 38,221 $ 14,127,063 25 Sep 24 $323.53 $328.69 -1.6%27,892 $ 9,023,771 27,782 $ 9,131,587 24 Oct 24 $262.21 $255.32 2.7%22,117 $ 5,799,340 21,879 $ 5,586,064 25 Nov 24 $298.05 $295.65 0.8%18,930 $ 5,642,000 19,790 $ 5,850,877 23 Dec 24 $822.54 $774.72 6.2%$771.10 33,727 $ 27,741,832 35,455 $ 27,467,530 23 Jan 25 $818.40 $795.16 2.9%$757.60 35,602 $ 29,136,592 35,253 $ 28,031,853 23 Feb 25 $831.50 $860.68 -3.4%$861.56 30,765 $ 25,581,148 31,222 $ 26,872,141 23 Mar 25 $838.43 $887.26 -5.5%$802.92 24,235 $ 20,319,361 22,950 $ 20,362,578 22 Apr 25 $422.86 $359.03 17.8%$337.89 8,667 $ 3,664,894 6,998 $ 2,512,502 23 May 25 $252.63 $199.85 26.4%$216.39 5,190 $ 1,311,148 5,436 $ 1,086,388 23 Grand Total $ 531 $ 531 0.0%$ 552 321,337 $ 170,743,597 315,537 $ 167,659,588 25 Historical Months Total $ 344 $ 344 -0.1%$ 344 183,151 $ 62,988,623 178,223 $ 61,326,595 25 On the Books Total $ 780 $ 774 0.7%$ 717 138,186 $ 107,754,974 137,314 $ 106,332,992 23 Vail Revenue Per Available Room (Most Recent Data) Res Activity Outlook as of Nov 30, 2024 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com RevPAR Rate: YTD 2024/25 VS. YTD 2023/24 Month of Occupancy RevPAR as of Nov 30, 2024 RevPAR as of Nov 30, 2023 RevPAR Percent Variance in YTD RevPAR Rate Historic Actual RevPAR CY Room Nights Available CY Room Revenue Booked PY Room Nights Available PY Room Revenue Booked # of Properties in sample Jun 24 $151.76 $151.85 -0.1%72,016 $ 10,928,872 69,671 $ 10,579,826 25 Jul 24 $267.89 $257.35 4.1%63,036 $ 16,886,742 62,370 $ 16,051,179 23 Aug 24 $207.23 $199.75 3.7%70,973 $ 14,707,896 70,724 $ 14,127,063 25 Sep 24 $152.57 $151.19 0.9%59,146 $ 9,023,771 60,399 $ 9,131,587 24 Oct 24 $80.67 $76.80 5.0%71,886 $ 5,799,340 72,739 $ 5,586,064 25 Nov 24 $86.59 $88.33 -2.0%65,160 $ 5,642,000 66,237 $ 5,850,877 23 Dec 24 $413.52 $404.58 2.2%$476.09 67,087 $ 27,741,832 67,891 $ 27,467,530 23 Jan 25 $438.68 $413.36 6.1%$543.58 66,419 $ 29,136,592 67,815 $ 28,031,853 23 Feb 25 $430.51 $425.24 1.2%$646.00 59,420 $ 25,581,148 63,193 $ 26,872,141 23 Mar 25 $320.01 $311.17 2.8%$609.46 63,496 $ 20,319,361 65,438 $ 20,362,578 22 Apr 25 $56.69 $37.99 49.2%$101.83 64,648 $ 3,664,894 66,128 $ 2,512,502 23 May 25 $19.95 $16.26 22.7%$48.87 65,718 $ 1,311,148 66,819 $ 1,086,388 23 Grand Total $ 216 $ 210 3.2%$ 277 789,005 $ 170,743,597 799,424 $ 167,659,588 25 Historical Months Total $ 157 $ 153 2.7%$ 153 402,217 $ 62,988,623 402,140 $ 61,326,595 25 On the Books Total $ 279 $ 268 4.1%$ 401 386,788 $ 107,754,974 397,284 $ 106,332,992 23 Vail Data Tables (Winter-to-date) Res Activity Outlook as of Nov 30, 2024 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Winter Bookings: Revenue Per Available Room: YTD 2024/25 VS. YTD 2023/24 Month of Occupancy RevPAR as of Nov 30, 2024 RevPAR as of Nov 30, 2023 Percent Variance in YTD RevPAR Historic Actual RevPAR CY Room Nights Available CY Room Revenue Booked PY Room Nights Available PY Room Revenue Booked # of Properties in sample Nov 24 $86.59 $88.33 -2.0%65,160 $ 5,642,000 66,237 $ 5,850,877 23 Dec 24 $413.52 $404.58 2.2%$476.09 67,087 $ 27,741,832 67,891 $ 27,467,530 23 Jan 25 $438.68 $413.36 6.1%$543.58 66,419 $ 29,136,592 67,815 $ 28,031,853 23 Feb 25 $430.51 $425.24 1.2%$646.00 59,420 $ 25,581,148 63,193 $ 26,872,141 23 Mar 25 $320.01 $311.17 2.8%$609.46 63,496 $ 20,319,361 65,438 $ 20,362,578 22 Apr 25 $56.69 $37.99 49.2%$101.83 64,648 $ 3,664,894 66,128 $ 2,512,502 23 Winter Total $ 290 $ 280 3.6%$ 410 386,230 $ 112,085,827 396,702 $ 111,097,481 23 Winter Bookings: Average Daily Rate: YTD 2024/25 VS. YTD 2023/24 Month of Occupancy ADR as of Nov 30, 2024 ADR as of Nov 30, 2023 Percent Variance in YTD Adr Rate Historic Actual ADR CY Room Nights Booked CY Room Revenue Booked PY Room Nights Booked PY Room Revenue Booked # of Properties in sample Nov 24 $298.05 $295.65 0.8%18,930 $ 5,642,000 19,790 $ 5,850,877 23 Dec 24 $822.54 $774.72 6.2%$771.10 33,727 $ 27,741,832 35,455 $ 27,467,530 23 Jan 25 $818.40 $795.16 2.9%$757.60 35,602 $ 29,136,592 35,253 $ 28,031,853 23 Feb 25 $831.50 $860.68 -3.4%$861.56 30,765 $ 25,581,148 31,222 $ 26,872,141 23 Mar 25 $838.43 $887.26 -5.5%$802.92 24,235 $ 20,319,361 22,950 $ 20,362,578 22 Apr 25 $422.86 $359.03 17.8%$337.89 8,667 $ 3,664,894 6,998 $ 2,512,502 23 Winter Total $ 738 $ 733 0.7%$ 715 151,926 $ 112,085,827 151,668 $ 111,097,481 23 Winter Bookings: Occ Rate: YTD 2024/25 VS. YTD 2023/24 Month of Occupancy Occ Rate as of Nov 30, 2024 Occ Rate as of Nov 30, 2023 Occ Percent Variance in YTD Occ Rate Historic Actual Occ Rate CY Room Nights Available CY Room Nights Booked PY Room Nights Available PY Room Nights Booked # of Properties in sample Nov 24 29.1%29.9%-2.8%65,160 18,930 66,237 19,790 23 Dec 24 50.3%52.2%-3.7%61.7%67,087 33,727 67,891 35,455 23 Jan 25 53.6%52.0%3.1%71.7%66,419 35,602 67,815 35,253 23 Feb 25 51.8%49.4%4.8%75.0%59,420 30,765 63,193 31,222 23 Mar 25 38.2%35.1%8.8%75.9%63,496 24,235 65,438 22,950 22 Apr 25 13.4%10.6%26.7%30.1%64,648 8,667 66,128 6,998 23 Winter Total 39.3%38.2%2.9%57.4%386,230 151,926 396,702 151,668 23 Vail Data Tables (Summer-to-date) Res Activity Outlook as of Nov 30, 2024 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Summer Bookings: Revenue Per Available Room: YTD 2024/25 VS. YTD 2023/24 Month of Occupancy RevPAR as of Nov 30, 2024 RevPAR as of Nov 30, 2023 Percent Variance in YTD RevPAR Rate Historic Actual RevPAR CY Room Nights Available CY Room Revenue Booked PY Room Nights Available PY Room Revenue Booked # of Properties in sample May 25 $19.95 $16.26 22.7%$48.87 65,718 $ 1,311,148 66,819 $ 1,086,388 23 Jun 25 Jul 25 Aug 25 Sep 25 Oct 25 Summer Total $ 20 $ 16 22.7%$ 49 65,718 $ 1,311,148 66,819 $ 1,086,388 23 Summer Bookings: Average Daily Rate: YTD 2024/25 VS. YTD 2023/24 Month of Occupancy ADR as of Nov 30, 2024 ADR as of Nov 30, 2023 Percent Variance in YTD Adr Rate Historic Actual ADR CY Room Nights Booked CY Room Revenue Booked PY Room Nights Booked PY Room Revenue Booked # of Properties in sample May 25 $252.63 $199.85 26.4%$216.39 5,190 $ 1,311,148 5,436 $ 1,086,388 23 Jun 25 Jul 25 Aug 25 Sep 25 Oct 25 Summer Total $ 253 $ 200 26.4%$ 216 5,190 $ 1,311,148 5,436 $ 1,086,388 23 Summer Bookings: Occ Rate: YTD 2024/25 VS. YTD 2023/24 Month of Occupancy Occ Rate as of Nov 30, 2024 Occ Rate as of Nov 30, 2023 Occupancy Percent Variance in YTD Occ Rate Historic Actual Occ Rate CY Room Nights Available CY Room Nights Booked PY Room Nights Available PY Room Nights Booked # of Properties in sample May 25 7.9%8.1%-2.9%22.6%65,718 5,190 66,819 5,436 23 Jun 25 Jul 25 Aug 25 Sep 25 Oct 25 Summer Total 7.9%8.1%-2.9%22.6%65,718 5,190 66,819 5,436 23 Vail Revenue Per Available Room (Summer-to-date) Res Activity Outlook as of Nov 30, 2024 © 2024 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com