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Home My WebLink About02. 2018_December_VBR Vail Business Review December 2018 February 27, 2019 The Vail Business Review breaks down the four percent sales tax collected for the month of December and the year. Overall December sales tax increased 9.1% with retail increasing 12.9%, lodging increased 3.5%, food and beverage increased 10.9%, and utilities/other increased by 17.2%. Excluding the out of town category; sales tax for the month of December was up 7.0%. The year resulted in a 8.65% increase overall with retail increasing 10.8%, lodging increased 5.9%, food and beverage increased 10.7%, and utilities/other increased by 4.9%. Excluding the out of town category; sales tax for 2018 was up 6.6%, or $1,485,038. Town of Vail sales tax forms, the Vail Business Review and sales tax worksheets are available on the internet at www.vailgov.com. You can subscribe to have the Vail Business Review and the sales tax worksheet e-mailed to you automatically from www.vailgov.com. Please remember when reading the Vail Business Review that it is produced from sales tax collections, as opposed to actual gross sales. If you have any questions or comments please feel free to call me at (970) 479-2125 or Carlie Smith at (970) 479-2119. Sincerely, Alex Jakubiec Sales Tax Administrator TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW DecemberDecemberDecemberDecember Sales Tax Newsletter December 2018 Sales TaxDecember 2018 Sales TaxDecember 2018 Sales TaxDecember 2018 Sales Tax December 2017 2018 % Collections Collections Change VAIL VILLAGE Retail 694,176 715,876 3.13 % Lodging 740,491 750,174 1.31 % F & B 551,243 605,705 9.88 % Other 25,541 33,952 32.93 % Total 2,011,451 2,105,707 4.69 % LIONSHEAD Retail 227,895 272,607 19.62 % Lodging 491,623 484,732 -1.40 % F & B 128,452 137,916 7.37 % Other 8,198 3,842 -53.13 % Total 856,168 899,097 5.01 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 306,899 316,055 2.98 % Lodging 149,626 225,803 50.91 % F & B 57,109 73,149 28.09 % Other 10,518 8,901 -15.37 % Total 524,151 623,908 19.03 % OUT OF TOWN Retail 149,780 252,318 68.46 % Lodging 42,096 13,451 -68.05 % F & B 1,118 1,422 27.19 % Utilities & Other 139,420 168,544 20.89 % Total 332,414 435,735 31.08 % 2/27/2019 1:53:55 PM Page 1 of 2 December December TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW DecemberDecemberDecemberDecember Sales Tax Newsletter December 2018 Sales TaxDecember 2018 Sales TaxDecember 2018 Sales TaxDecember 2018 Sales Tax TOTALTOTALTOTALTOTAL DecemberDecemberDecember 2017 2018 % Collections Collections Change Retail 1,378,750 1,556,857 12.92 % Lodging And Property Mgmt 1,423,835 1,474,160 3.53 % Food and Beverage 737,922 818,191 10.88 % Other 183,677 215,239 17.18% Total 3,724,185 4,064,447 9.14 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY DecemberDecemberDecember 2017 2018 % Collections Collections Change RETAIL-FOOD 246,179 253,353 2.91 % RETAIL-LIQUOR 76,533 82,696 8.05 % RETAIL-APPAREL 249,138 244,088 -2.03 % RETAIL-SPORT 475,250 573,746 20.73 % RETAIL-JEWELRY 48,598 53,301 9.68 % RETAIL-GIFT 10,498 9,128 -13.05 % RETAIL-GALLERY 3,509 10,796 207.68 % RETAIL-OTHER 269,024 329,552 22.50 % RETAIL-HOME OCCUPATION 23 197 763.69 % Total 1,378,750 1,556,857 12.92 % 2/27/2019 1:53:55 PM Page 2 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW December YTDDecember YTDDecember YTDDecember YTD Sales Tax Newsletter December YTD 2018 Sales TaxDecember YTD 2018 Sales TaxDecember YTD 2018 Sales TaxDecember YTD 2018 Sales Tax December YTDDecember YTD 2017 2018 Collections Collections VAIL VILLAGE Retail 3,900,991 3,981,609 2.07 % Lodging 4,758,831 4,741,786 -0.36 % F & B 4,527,716 4,779,868 5.57 % Other 198,378 202,831 2.24 % Total 13,385,916 13,706,093 2.39 % LIONSHEAD Retail 1,366,775 1,410,599 3.21 % Lodging 3,078,962 3,090,246 0.37 % F & B 1,153,550 1,211,665 5.04 % Other 75,231 38,930 -48.25 % Total 5,674,518 5,751,439 1.36 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 1,920,415 2,023,071 5.35 % Lodging 831,496 1,465,745 76.28 % F & B 513,914 872,084 69.69 % Other 93,985 86,850 -7.59 % Total 3,359,810 4,447,750 32.38 % OUT OF TOWN Retail 1,410,957 2,115,152 49.91 % Lodging 283,188 181,321 -35.97 % F & B 14,226 13,347 -6.18 % Utilities & Other 1,523,841 1,655,208 8.62% Total 3,232,212 3,965,028 22.67 % 2/27/2019 2:14:10 PM Page 1 of 2 December YTD % Change TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW December YTDDecember YTDDecember YTDDecember YTD Sales Tax Newsletter December YTD 2018 Sales TaxDecember YTD 2018 Sales TaxDecember YTD 2018 Sales TaxDecember YTD 2018 Sales Tax TOTALTOTALTOTALTOTAL December YTDDecember YTDDecember YTD 2017 2018 % Collections Collections Change Retail 8,599,138 9,530,431 10.83 % Lodging And Property Mgmt 8,952,478 9,479,098 5.88 % Food and Beverage 6,209,406 6,876,964 10.75 % Other 1,891,435 1,983,818 4.88 % Total 25,652,456 27,870,311 8.65 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY December YTDDecember YTDDecember YTD 2017 2018 % Collections Collections Change RETAIL-FOOD 1,564,441 1,656,642 5.89 % RETAIL-LIQUOR 555,317 565,700 1.87 % RETAIL-APPAREL 1,562,757 1,627,453 4.14 % RETAIL-SPORT 2,610,028 2,683,416 2.81 % RETAIL-JEWELRY 238,258 256,148 7.51 % RETAIL-GIFT 61,077 55,259 -9.53 % RETAIL-GALLERY 32,523 41,392 27.27 % RETAIL-OTHER 1,974,273 2,642,955 33.87 % RETAIL-HOME OCCUPATION 463 1,467 216.64 % Total 8,599,138 9,530,431 10.83 % 2/27/2019 2:14:10 PM Page 2 of 2