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HomeMy WebLinkAbout04. Vail Executive Summary 2018-07-31Destination: Vail July (Actual) 2018 2017 July (Actual) 2018 2017 Paid Occupancy 64.0%70.5%-9.2%Paid Occupancy 64.7%65.0%-0.4% ADR $292 $281 3.8%ADR $277 $270 2.6% August (On The Books) August (On The Books) Paid Occupancy 51.3%48.8%5.1%Paid Occupancy 46.9%46.0%1.9% ADR $285 $267 6.8%ADR $283 $279 1.5% September (On The Books) September (On The Books) Paid Occupancy 29.4%31.3%-6.2%Paid Occupancy 30.2%31.8%-5.2% ADR $229 $215 6.4%ADR $247 $237 4.1% October (On The Books) October (On The Books) Paid Occupancy 15.4%12.9%18.8%Paid Occupancy 13.4%12.9%3.9% ADR $172 $170 1.8%ADR $185 $179 3.3% November (On The Books) November (On The Books) Paid Occupancy 5.3%6.0%-11.1%Paid Occupancy 5.5%5.0%10.8% ADR $239 $232 2.9%ADR $192 $191 0.4% December (On The Books) December (On The Books) Paid Occupancy 12.8%16.4%-21.8%Paid Occupancy 12.4%13.8%-10.3% ADR $773 $635 21.6%ADR $605 $569 6.2% January (On The Books) January (On The Books) Paid Occupancy 23.3%18.4%26.9%Paid Occupancy 19.5%20.4%-4.5% ADR $569 $594 -4.2%ADR $461 $438 5.1% 2018 2017 Year over Year % Difference 2018 2017 Year over Year % Difference July 4.3%5.3%-18.8%July 5.2%5.3%-2.6% Bookings as of July 31, 2018 Data based on a sample of up to 26 properties in the Vail destination, representing up to 2,438 Units ('DestiMetrics Census'*) and 61.7% of 3,954 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) * 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 propertie s start, or existing properties cease operations. RESERVATIONS ACTIVITY REPORT Executive Summary 64.0% 70.5% 2018 2017 Vail July Occupancy vs. Last Year 64.7%65.0% 2018 2017 DestiMetrics -Industry West July Occupancy vs. Last Year $292 $281 2018 2017 Vail July ADR vs. Last Year $277 $270 2018 2017 DestiMetrics -Industry West July ADR vs. Last Year Copyright (c) 2018, Sterling Valley Systems All Rights Reserved. Confidential Information not for reproduction and protected by law. DestiMetrics@Inntopia.com www.Inntopia.com