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HomeMy WebLinkAbout10. Vail_Segment_Report_Condos_vs_Hotel_Properties_2018-11-30Vail Condo Properties and Vail Hotel Properties Period: Bookings as of November 30, 2018 Vail Condo Properties Vail Hotel Properties Index: Vail Condo Properties vs Vail Hotel Properties (100=0) 15.2%33.2%45.7 $248 $218 113.7 $38 $73 52.0 34.5%50.6%68.2 $779 $552 141.0 $269 $280 96.2 Vail Condo Properties Vail Hotel Properties Absolute Difference: Vail Condo Properties vs Vail Hotel Properties -1.2%-4.4%3.2% -0.3%-4.5%4.2% -1.5%-8.8%7.3% -6.9%4.5%-11.3% -1.8%-9.2%7.4% -8.6%-5.2%-3.4% CUSTOM COMPARATIVE BENCHMARK REPORT Vail Condo Properties and Vail Hotel Properties Executive Summary Historic Actual Occupancy for Last Month (November) A. PERFORMANCE - Last Month Performance: Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Year over Year % Change in Occupancy for Last Month (November) Historic Actual Revenue Per Available Room for Last Month (November) D. PACING - Next Month Year over Year % change in Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Year of Year % Change in Revenue Per Available Room for Next Month (December) Historic Actual Average Daily Rate for Last Month (November) B. PERFORMANCE - Next Month Performance: Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Year of Year % Change in Revenue Per Available Room for Last Month (November) On-The-Books Occupancy for Next Month (December) On-The-Books Average Daily Rate for Next Month (December) C. PACING - Last Month Year over Year % change in Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Copyright 2009-2018 DestiMetrics, LLC. © 2018 Sterling Valley Systems, Inc. All rights reserved. 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Year over Year % Change in Average Daily Rate for Last Month (November) Year over Year % Change in Occupancy for Next Month (December) Year over Year % Change in Average Daily Rate for Next Month (December) On-The-Books Revenue per Available Room for Next Month (December) Absolute Comparison Series (2018/19): Vail Condo Properties vs Vail Hotel Properties Period: Bookings as of November 30, 2018 Custom Comparative Report 39% 50%41% 30% 14%15% 35%43%40% 26% 3%1% 26% 67%71%69% 54% 37%33% 51%51%56% 34% 7%8% 34%58.3 70.4 59.8 54.9 37.3 45.7 68.2 83.8 70.7 75.6 46.5 13.2 76.5 0102030405060708090 0%10%20%30%40%50%60%70%80% June July August September October NovemberDecember January February March April MayOn the books months total Vail Condo Properties Vail Hotel Properties Index: Vail Condo Properties vs. Vail Hotel Properties 39% 50% 41% 30% 14%15% 35% 43%40% 26% 3%1% 26% 67%71%69% 54% 37%33% 51%51%56% 34% 7%8% 34% 58.3 70.4 59.8 54.9 37.3 45.7 68.2 83.8 70.7 75.6 46.5 13.2 76.5 0 10 20 30 40 50 60 70 80 90 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% June July August September October November December January February March April May On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesOccupancy RateChart 1.1 -Occupancy Rate, YTD 2018/19: Vail Condo Properties vs. Vail Hotel Properties $252 $298 $281 $225 $215 $248 $779 $671 $688 $698 $351 $191 $697 $224 $288 $273 $226 $180 $218 $552 $557 $576 $541 $280 $155 $532112 103 103 100 119 114 141 120 119 129 125 123 131 0 20 40 60 80 100 120 140 160 $0 $100 $200 $300 $400 $500 $600 $700 $800 $900 June July August September October November December January February March April May On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesADRChart 1.2 -Average Daily Rate, YTD 2018/19 Vail Condo Properties vs. Vail Hotel Properties $98 $149 $116 $67 $30 $38 $269 $289 $273 $179 $11 $2 $182 $150 $206 $188 $122 $66 $73 $280 $286 $324 $184 $19 $13 $182657362 55 45 52 96 101 84 98 58 16 100 0 20 40 60 80 100 120 $0 $50 $100 $150 $200 $250 $300 $350 June July August September October November December January February March April May On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesRevPARChart 1.3 -Revenue per Available Room, YTD 2018/19 Vail Condo Properties vs. Vail Hotel Properties 58 70 60 55 37 46 68 84 71 76 47 13 76 112 103 103 100 119 114 141 120 119 129 125 123 131 0 20 40 60 80 100 120 140 160 180 200 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 On the books months totalIndex: Vail Condo Properties vs. Vail Hotel PropertiesChart 1.4 -YTD 2018/19 Indexes: Occupancy & ADR: Vail Condo Properties vs. Vail Hotel Properties Index: Occupancy Index: ADR Historic On the Books Historic On the books Historic On the books Historic On the Vail Hotel Properties Period: Bookings as of November 30, 2018 Pacing Series (2018/19 vs. 2017/18) : Vail Condo Properties vs. Vail Hotel Properties Custom Comparative Report Vail Condo Properties 14.2% -7.8% 0.3% -10.8%-13.4% -1.2%-6.9%-3.3%-7.0%-11.5% -37.0% -6.5% 4.7% -11.1% 0.6% -11.9%-12.0% -4.4% 4.5%0.8% 13.5% -4.1% -35.7% 25.8% 2.7% -60% -40% -20% 0% 20% 40% 60% 80% 100% June July August September October November December January February March April May On the books months total% Change in Occupancy Rate, 2014 vs. 2013Chart 2.1 -% Change in Occupancy Rate, 2018/19 vs. 2017/18: Vail Condo Properties vs. Vail Hotel Properties 5.5% 10.3% 5.5%6.9%7.2% -0.3%-1.8%-0.9%-0.2% 2.1% -8.3% 16.3% -0.4% 1.3%1.9% 5.6% 1.1% -3.0%-4.5% -9.2% -0.9%-1.8% -5.6% 20.7% -11.7% -3.5% -15% -10% -5% 0% 5% 10% 15% 20% 25% June July August September October November December January February March April May On the books months total% Change in ADR, 2014 vs. 2013Chart 2.2 -% Change in ADR, 2018/19 vs. 2017/18: Vail Condo Properties vs. Vail Hotel Properties 20.5% 1.6%5.8% -4.7%-7.1%-1.5%-8.6%-4.1%-7.2%-9.6% -42.2% -6.9% 6.0% -9.4% 6.3% -10.9%-14.7%-8.8%-5.2%-0.1% 11.5% -9.5% -22.4% 11.1% -0.6% -60% -40% -20% 0% 20% 40% 60% 80% 100% June July August September October November December January February March April May On the books months total% Change in RevPAR, 2014 vs. 2013Chart 2.3 -% Change in RevPAR, 2018/19 vs. 2017/18: Vail Condo Properties vs. Vail Hotel Properties 9%3% 0% 1% -1% 3% -11%-4% -21% -7%-1%-9% 4%8% 0% 6%10%4%7% 0% 2%8% -29% 28% 3% -100% -80% -60% -40% -20% 0% 20% 40% 60% 80% 100% Jun-18 vs. Jun-17 Jul-18 vs. Jul- 17 Aug-18 vs. Aug-17 Sep-18 vs. Sep-17 Oct-18 vs. Oct-17 Nov-18 vs. Nov-17 Dec-18 vs. Dec-17 Jan-19 vs. Jan-18 Feb-19 vs. Feb-18 Mar-19 vs. Mar-18 Apr-19 vs. Apr-18 May-19 vs. May-18 On the books months totalChange in Occup. & ADRVail Condo Properties vs. Vail Hotel PropertiesChart 2.4 -Change in Occupancy & ADR 2018/19 vs. 2017/18: Vail Condo Properties vs. Vail Hotel Properties Change in Occ… Change in ADR Historic On the books Historic On the books Historic On the books Historic On the books Vail Condo Properties Vail Hotel Properties INDEX OCCUPANCY RATE OCCUPANCY RATE: YTD 2018/19 VS. YTD 2017/18 OCCUPANCY RATE: YTD 2018/19 VS. YTD 2017/18 Vail Condo Properties Vail Condo Properties Percent Occup. Rate as of:Occup. Rate as of:Percent Occup. Rate as of:Occup. Rate as of:Percent as an Index of as an Index of Change in Nov 30, 2018 Nov 30, 2017 Change in Nov 30, 2018 Nov 30, 2017 Change in Vail Hotel Vail Hotel Index: Month of Occupancy (2018/19 & 2017/18)(2018/19 season)(2017/18 season)YTD Occ. Rate (2018/19 season)(2017/18 season)Occ. Rate YTD 2018/19 YTD 2017/18 2018/19 vs. 2017/18 June 39.1%34.2%14.2%67.0%64.0%4.7%58.3 53.5 9.1% July 50.2%54.5%-7.8%71.3%80.2%-11.1%70.4 67.9 3.7% August 41.2%41.1%0.3%68.9%68.4%0.6%59.8 60.0 -0.3% September 29.6%33.2%-10.8%53.9%61.2%-11.9%54.9 54.3 1.2% October 13.8%15.9%-13.4%36.9%42.0%-12.0%37.3 37.9 -1.5% November Historic 15.2%15.4%-1.2%33.2%34.8%-4.4%45.7 44.2 3.4% December On the Books 34.5%37.1%-6.9%50.6%48.5%4.5%68.2 76.5 -10.8% January 43.0%44.5%-3.3%51.3%50.9%0.8%83.8 87.4 -4.1% February 39.7%42.7%-7.0%56.2%49.5%13.5%70.7 86.3 -18.1% March 25.7%29.0%-11.5%34.0%35.4%-4.1%75.6 81.9 -7.7% April 3.2%5.1%-37.0%7.0%10.8%-35.7%46.5 47.4 -1.9% May 1.1%0.3%236.4%8.3%6.6%25.8%13.2 4.9 167.3% Grand total 29.1%30.5%-4.6%44.5%44.7%-0.5%65.5 68.2 -4.1% Historic months total 32.1%33.1%-3.0%54.9%58.4%-6.1%58.5 56.7 3.2% On the books months total 26.2%28.0%-6.5%34.2%33.3%2.7%76.5 84.1 -9.0% Vail Condo Properties Vail Hotel Properties INDEX AVERAGE DAILY RATE ADR: YTD 2018/19 VS. YTD 2017/18 ADR: YTD 2018/19 VS. YTD 2017/18 Vail Condo Properties Vail Condo Properties Percent ADR as of:ADR as of:Percent ADR as of:ADR as of:Percent as an Index of as an Index of Change in Nov 30, 2018 Nov 30, 2017 Change in Nov 30, 2018 Nov 30, 2017 Change in Vail Hotel Properties Vail Hotel Properties Index: Month of Occupancy (2018/19 & 2017/18)(2018/19 season)(2017/18 season)YTD Occ. Rate (2018/19 season)(2017/18 season)Occ. Rate YTD 2018/19 YTD 2017/18 2018/19 vs. 2017/18 June $252 $239 5.5%$224 $222 1.3%112.2 107.6 4.2% July $298 $270 10.3%$288 $283 1.9%103.3 95.4 8.2% August $281 $266 5.5%$273 $258 5.6%102.9 103.1 -0.1% September $225 $210 6.9%$226 $223 1.1%99.6 94.2 5.7% October $215 $200 7.2%$180 $186 -3.0%119.4 108.1 10.5% November Historic $248 $249 -0.3%$218 $229 -4.5%113.7 108.9 4.4% December On the books $779 $793 -1.8%$552 $609 -9.2%141.0 130.3 8.2% January $671 $677 -0.9%$557 $562 -0.9%120.5 120.5 0.0% February $688 $689 -0.2%$576 $587 -1.8%119.4 117.4 1.6% March $698 $683 2.1%$541 $573 -5.6%129.0 119.3 8.1% April $351 $382 -8.3%$280 $232 20.7%125.2 164.9 -24.0% May $191 $164 16.3%$155 $175 -11.7%123.5 93.7 31.7% Grand total $461 $460 0.3%$355 $366 -3.0%130.1 125.7 3.5% Historic months total $264 $247 7.1%$243 $239 1.3%109.0 103.1 5.7% On the books months total $697 $700 -0.4%$532 $551 -3.5%131.1 127.1 3.2% Vail Condo Properties Vail Hotel Properties INDEX REVENUE PER AVAILABLE ROOM RevPAR: YTD 2018/19 VS. YTD 2017/18 RevPAR: YTD 2018/19 VS. YTD 2017/18 Vail Condo Properties Vail Condo Properties Percent RevPAR as of:RevPAR as of:Percent RevPAR as of:RevPAR as of:Percent as an Index of as an Index of Change in Nov 30, 2018 Nov 30, 2017 Change in Nov 30, 2018 Nov 30, 2017 Change in Vail Hotel Properties Vail Hotel Properties Index: Month of Occupancy (2018/19 & 2017/18)(2018/19 season)(2017/18 season)YTD Occ. Rate (2018/19 season)(2017/18 season)Occ. Rate YTD 2018/19 YTD 2017/18 2018/19 vs. 2017/18 June $98 $82 20.5%$150 $142 6.0%65.4 57.6 13.6% July $149 $147 1.6%$206 $227 -9.4%72.7 64.8 12.2% August $116 $109 5.8%$188 $177 6.3%61.6 61.9 -0.4% September $67 $70 -4.7%$122 $137 -10.9%54.7 51.1 7.0% October $30 $32 -7.1%$66 $78 -14.7%44.6 40.9 8.9% November Historic $38 $38 -1.5%$73 $80 -8.8%52.0 48.2 8.0% December On the books $269 $294 -8.6%$280 $295 -5.2%96.2 99.7 -3.6% January $289 $301 -4.1%$286 $286 -0.1%101.0 105.2 -4.1% February $273 $294 -7.2%$324 $291 11.5%84.4 101.3 -16.7% March $179 $198 -9.6%$184 $203 -9.5%97.5 97.7 -0.1% April $11 $20 -42.2%$19 $25 -22.4%58.2 78.2 -25.5% May $2 $1 291.3%$13 $12 11.1%16.2 4.6 252.1% Grand total $134 $140 -4.2%$158 $163 -3.5%85.2 85.8 -0.7% Historic months total $85 $82 3.8%$133 $140 -4.8%63.8 58.5 9.1% On the books months total $182 $196 -6.9%$182 $183 -0.6%100.3 107.0 -6.3% Custom Comparative Report Period: Bookings as of November 30, 2018