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HomeMy WebLinkAbout12. VEAC March PresentationVail Economic Advisory Council March 13, 2018 Data as of February 28, 2018 Presented by Katie Barnes Index 2 1.Introduction 2.Winter 2017/18 Mid Season Update 3.Summer 2018 Preview 3 •Aspen •Avon, Colorado •Breckenridge •Beaver Creek •Big Sky •Copper •Gunnison/Crested Butte •Keystone •Mammoth •Jackson Hole •North Lake Tahoe •Snowmass •Steamboat •Park City Area •Summit County, CO •Sun Valley •Telluride •Vail •Winter Park Participating Destinations 4 Index 5 1.Introduction 2.Winter 2017/18 Mid Season Update 3.Summer 2018 Preview Reports with data as of February 28, 2017 include 26 properties representing 2,444 units 64% of total community census 6 Vail Property Participation Montaneros Sitzmark Lodge Sonnenalp Resort of Vail The Sebastian The Wren Tivoli Lodge Vail Mountain Lodge Vail Racquet Club Vail Spa Condominiums Vail Marriott The Lodge at Vail The Ritz-Carlton Residences 7 Antlers at Vail Arrabelle at Vail Square Christiania Lodge & Christiania Condos Destination Resorts Vail Vail Cascade Condos Evergreen Lodge at Vail Four Seasons Resort Vail Hotel Talisa iTrip Lion Square Lodge Lodge at Lionshead Lodge Tower •Manor Vail Resort 26 Vail Submitting Properties Coming Soon…DoubleTree Vail Index 8 1.Introduction 2.Winter 2017/18 Mid Season Update 3.Summer 2018 Preview 9 Vail Occupancy Winter 2017/18 -6% -17% -19% -7% -26% -5% Industry -3% -12% 10 Vail ADR Winter 2017/18 9% 2% -1% -1% -5% -1% 0% Industry 3% 11 Vail RevPAR Winter 2017/18 3% -15% -20% -12% -6% -27% Industry 1% -12% 12 Vail Change in Occupancy & ADR Winter 2017/18 13 Vail vs. Industry – Occupancy Winter 17/18 14 Vail vs. Industry – YOY Chg in Occupancy Winter 17/18 15 Vail vs. Industry – Rate Winter 17/18 16 Vail vs. Industry – YOY Chg in Rate Winter 17/18 17 Vail vs. Industry - RevPAR Winter 17/18 18 Vail vs. Industry – YOY Chg in RevPAR Winter 17/18 19 Regional Breakdown Winter 2017/18 to-date Year over Year % Change in Vail Southern Rockies & CA (CA, CO, UT) Northern ROCKY MTNS (MT, WY, ID) Occupancy ADR RevPAR 5% 12% -12% 4% -4% -12% 6% 0% 0% 20 Regional Breakdown Winter 2017/18 to-date 22 Vail Daily Occupancy Report Winter 2017/18 as of 2/28 23 Vail Daily Occupancy Report Winter 2017/18 as of 2/28 2018 Burton US Open Easter 2018 Easter 2017 2017 Burton US Open Index 28 1.Introduction 2.Winter 2017/18 Mid Season Update 3.Summer 2018 Preview 29 Vail Occupancy Summer 2018 50% 13% -2% 23% 15% Industry 7% 30 Vail ADR Summer 2018 6% 6% 0% 1% Industry 1% 0% 31 Vail RevPAR Summer 2018 58% 13% 4% 23% 16% Industry 8% 32 Vail vs. Industry - Occupancy Summer 2018 33 Vail vs. Industry – YOY Chg Occupancy Summer 2018 34 Vail vs. Industry - Rate Summer 2017 35 Vail vs. Industry – YOY Chg in Rate Summer 2017 36 Vail vs. Industry - RevPAR Summer 2017 37 Vail vs. Industry - RevPAR Summer 2017 38 Vail Daily Occupancy Report Summer 2017 Thank You!