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HomeMy WebLinkAbout06. January 2017 Vail Business Review Vail Business Review January 2017 March 28, 2017 The Vail Business Review breaks down the four percent sales tax collected for the month of January. Overall January sales tax decreased 3.1% with retail increasing 1.6%, lodging decreased 3.6%, food and beverage decreased 8.0%, and utilities/other decreased by 3.4%. Excluding the out of town category; sales tax for the month of January was down 2.5%. Electronic filing and payment of Vail sales tax is now an option. Please visit www.vailgov.com/epay 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 Kathleen Halloran at (970) 479-2116. Sincerely, Johannah Richards Sales Tax Administrator TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW JanuaryJanuaryJanuaryJanuary Sales Tax Newsletter January 2017 Sales TaxJanuary 2017 Sales TaxJanuary 2017 Sales TaxJanuary 2017 Sales Tax JanuaryJanuaryJanuary 2016 2017 % Collections Collections Change VAIL VILLAGE Retail 519,405 556,476 7.14 % Lodging 750,434 820,563 9.35 % F & B 586,372 583,991 -0.41 % Other 20,876 25,227 20.84 % Total 1,877,087 1,986,257 5.82 % LIONSHEAD Retail 238,250 241,759 1.47 % Lodging 515,375 542,198 5.20 % F & B 146,556 129,351 -11.74 % Other 5,218 5,597 7.27 % Total 905,399 918,905 1.49 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 220,120 206,812 -6.05 % Lodging 260,972 113,094 -56.66 % F & B 99,998 52,307 -47.69 % Other 7,094 9,851 38.85 % Total 588,186 382,063 -35.04 % OUT OF TOWN Retail 102,509 92,127 -10.13 % Lodging 60,387 54,967 -8.98 % F & B 2,880 2,963 2.89 % Utilities & Other 202,626 187,247 -7.59 % Total 368,403 337,304 -8.44 % 3/29/2017 8:15:58 AM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW JanuaryJanuaryJanuaryJanuary Sales Tax Newsletter January 2017 Sales TaxJanuary 2017 Sales TaxJanuary 2017 Sales TaxJanuary 2017 Sales Tax TOTALTOTALTOTALTOTAL JanuaryJanuaryJanuary 2016 2017 % Collections Collections Change Retail 1,080,285 1,097,173 1.56 % Lodging And Property Mgmt 1,587,169 1,530,822 -3.55 % Food and Beverage 835,806 768,613 -8.04 % Other 235,814 227,922 -3.35 % Total 3,739,075 3,624,530 -3.06 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY JanuaryJanuaryJanuary 2016 2017 % Collections Collections Change RETAIL-FOOD 158,213 161,601 2.14 % RETAIL-LIQUOR 62,975 63,362 0.61 % RETAIL-APPAREL 179,607 175,225 -2.44 % RETAIL-SPORT 514,068 522,784 1.70 % RETAIL-JEWELRY 18,493 17,869 -3.37 % RETAIL-GIFT 5,662 6,144 8.51 % RETAIL-GALLERY 4,245 5,409 27.43 % RETAIL-OTHER 136,967 144,779 5.70 % RETAIL-HOME OCCUPATION 56 0 -100.00 % Total 1,080,285 1,097,173 1.56 % 3/29/2017 8:15:58 AM Page 2 of 2