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HomeMy WebLinkAbout17. Vail Segment Report, Condos vs Hotel Properties through 2017-04-30Vail Condo Properties and Vail Hotel Properties Bookings as of: April 30, 2018 Vail Condo Properties Vail Hotel Properties Index: Vail Condo Properties vs Vail Hotel Properties (100=0) 21.0%33.3%63.1 $316 $252 125.4 $66 $84 79.1 5.7%24.3%23.4 $213 $169 125.7 $12 $41 29.5 Vail Condo Properties Vail Hotel Properties Absolute Difference: Vail Condo Properties vs Vail Hotel Properties -22.7%-23.6%0.9% -1.0%-4.4%3.4% -23.5%-27.0%3.5% -2.1%1.5%-3.7% 14.2%7.5%6.7% 11.8%9.2%2.6% Historic Actual Average Daily Rate for Last Month (April) B. PERFORMANCE - Next Month Performance: Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties CUSTOM COMPARATIVE BENCHMARK REPORT Vail Condo Properties and Vail Hotel Properties Executive Summary Historic Actual Occupancy for Last Month (April) A. PERFORMANCE - Last Month Performance: Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Historic Actual Revenue Per Available Room for Last Month (April) Copyright 2009-2018 DestiMetrics, LLC. © 2018 Sterling Valley Systems, Inc. All rights reserved. No parts of this work may be reproduced in any form or by any means, graphic, electronic or mechanical, including photocopying, recording, taping or information storage and retrieval systems - without the written permission of the copyright holder. Products that are referred to in this document may be either trademarks and/or registered trademarks of the respective owners. The publisher and the author make no claim to these Trademarks. While every precaution has been taken in the preparation of this document, the publisher and the author assume no responsibility for errors or omissions, or for damages resulting from the use of information contained in this document or from the use of programs and source code that may accompany it. In no event shall the publisher and the author be liable for any loss of profit or any other commercial damage caused or alleged to have been caused directly or indirectly by this document. Year over Year % Change in Average Daily Rate for Last Month (April) Year over Year % Change in Occupancy for Next Month (May) Year over Year % Change in Average Daily Rate for Next Month (May) On-The-Books Revenue per Available Room for Next Month (May) Year over Year % Change in Occupancy for Last Month (April) Year of Year % Change in Revenue Per Available Room for Last Month (April) 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 (May) On-The-Books Occupancy for Next Month (May) On-The-Books Average Daily Rate for Next Month (May) C. PACING - Last Month Year over Year % change in Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Absolute Comparison Series (2017/18): Vail Condo Properties vs Vail Hotel Properties Bookings as of: April 30, 2018 Custom Comparative Report 15% 38% 53%60%60% 21% 6% 26%33% 17% 7%3% 16% 35% 56%63% 76%71% 33%24% 49%39%32%22%12% 29%42.3 67.8 84.0 79.9 84.0 63.1 23.4 52.8 85.1 54.3 32.3 22.3 54.0 0102030405060708090 0%10%20%30%40%50%60%70%80% NovemberDecember January February March April May June July August September OctoberOn the books months total Vail Condo Properties Vail Hotel Properties Index: Vail Condo Properties vs. Vail Hotel Properties 15% 38% 53% 60%60% 21% 6% 26% 33% 17% 7%3% 16% 35% 56% 63% 76%71% 33% 24% 49% 39% 32% 22% 12% 29% 42.3 67.8 84.0 79.9 84.0 63.1 23.4 52.8 85.1 54.3 32.3 22.3 54.0 0 10 20 30 40 50 60 70 80 90 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% November December January February March April May June July August September October On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesOccupancy RateChart 1.1 -Occupancy Rate, YTD 2016/17: Vail Condo Properties vs. Vail Hotel Properties $257 $796 $660 $687 $659 $316 $213 $259 $283 $309 $259 $240 $275$229 $634 $565 $599 $581 $252 $169 $214 $294 $274 $207 $158 $231 112 126 117 115 113 125 126 121 96 113 125 152 119 0 20 40 60 80 100 120 140 160 $0 $100 $200 $300 $400 $500 $600 $700 $800 $900 November December January February March April May June July August September October On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesADRChart 1.2 -Average Daily Rate, YTD 2016/17 Vail Condo Properties vs. Vail Hotel Properties $38 $301 $351 $416 $394 $66 $12 $67 $95 $54 $18 $7 $44 $80 $354 $357 $453 $413 $84 $41 $105 $116 $88 $46 $19 $68 48 85 98 92 95 79 29 64 82 61 40 34 64 0 20 40 60 80 100 120 $0 $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 November December January February March April May June July August September October On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesRevPARChart 1.3 -Revenue per Available Room, YTD 2016/17 Vail Condo Properties vs. Vail Hotel Properties 42 68 84 80 84 63 23 53 85 54 32 22 54 112 126 117 115 113 125 126 121 96 113 125 152 119 0 20 40 60 80 100 120 140 160 180 200 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 On the books months totalIndex: Vail Condo Properties vs. Vail Hotel PropertiesChart 1.4 -YTD 2016/17 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 Bookings as of: April 30, 2018 Pacing Series (2017/18 vs. 2016/17) : Vail Condo Properties vs. Vail Hotel Properties Custom Comparative Report Vail Condo Properties -19.0%-19.5%-14.0%-6.8% 5.5% -22.7% -2.1% 16.6% 5.5% 15.8% -3.4% 79.9% 9.3% -1.1% -19.8%-19.8% -8.5%-6.8% -23.6% 1.5% 12.5% -7.4% 13.5% 2.9% -0.4% 3.3% -40% -20% 0% 20% 40% 60% 80% 100% November December January February March April May June July August September October On the books months total% Change in Occupancy Rate, 2014 vs. 2013Chart 2.1 -% Change in Occupancy Rate, 2016/17 vs. 2015/16: Vail Condo Properties vs. Vail Hotel Properties 11.6% 7.4% 10.3% 3.6%3.9% -1.0% 14.2% 6.8%7.6%8.3% 6.0% 10.9% 8.0%9.0% -4.2% -1.4% -8.7%-7.9% -4.4% 7.5% -1.3% 8.1% 3.2%3.4% -1.0% 1.8% -10% -5% 0% 5% 10% 15% 20% November December January February March April May June July August September October On the books months total% Change in ADR, 2014 vs. 2013Chart 2.2 -% Change in ADR, 2016/17 vs. 2015/16: Vail Condo Properties vs. Vail Hotel Properties -9.6%-13.6% -5.1%-3.4% 9.6% -23.5% 11.8% 24.6% 13.5% 25.4% 2.4% 99.5% 18.0% 7.8% -23.1%-20.9%-16.4%-14.1% -27.0% 9.2%11.0% 0.2% 17.1% 6.4% -1.4% 5.6% -40% -20% 0% 20% 40% 60% 80% 100% November December January February March April May June July August September October On the books months total% Change in RevPAR, 2014 vs. 2013Chart 2.3 -% Change in RevPAR, 2016/17 vs. 2015/16: Vail Condo Properties vs. Vail Hotel Properties -18% 0%6%2%12% 1% -4% 4%13% 2% -6% 80% 6%3%12%12%12%12%3%7%8% -1% 5%3%12%6% -100% -80% -60% -40% -20% 0% 20% 40% 60% 80% 100% Nov-17 vs. Nov-16 Dec-17 vs. Dec-16 Jan-18 vs. Jan-17 Feb-18 vs. Feb-17 Mar-18 vs. Mar-17 Apr-18 vs. Apr-17 May-18 vs. May-17 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 On the books months totalChange in Occup. & ADRVail Condo Properties vs. Vail Hotel PropertiesChart 2.4 -Change in Occupancy & ADR: Vail Condo Properties vs. Vail Hotel Properties Change in Occ Rate 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 2017/18 VS. YTD 2016/17 OCCUPANCY RATE: YTD 2017/18 VS. YTD 2016/17 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 Apr 30, 2018 Apr 30, 2017 Change in Apr 30, 2018 Apr 30, 2017 Change in Vail Hotel Properties Vail Hotel Properties Index: Month of Occupancy (2017/18 & 2016/17)(2017/18 season)(2016/17 season)YTD Occ. Rate (2017/18 season)(2016/17 season)Occ. Rate YTD 2017/18 YTD 2016/17 2017/18 vs. 2016/17 November 14.7%18.2%-19.0%34.8%35.2%-1.1%42.3 51.7 -18.1% December 37.8%47.0%-19.5%55.8%69.6%-19.8%67.8 67.6 0.3% January 53.2%61.8%-14.0%63.3%78.9%-19.8%84.0 78.4 7.2% February 60.5%64.9%-6.8%75.7%82.7%-8.5%79.9 78.5 1.8% March 59.7%56.6%5.5%71.1%76.3%-6.8%84.0 74.2 13.2% April Historic 21.0%27.2%-22.7%33.3%43.6%-23.6%63.1 62.4 1.2% May On the Books 5.7%5.8%-2.1%24.3%23.9%1.5%23.4 24.3 -3.6% June 25.7%22.1%16.6%48.8%43.4%12.5%52.8 50.9 3.7% July 33.5%31.7%5.5%39.3%42.5%-7.4%85.1 74.7 13.9% August 17.5%15.1%15.8%32.2%28.4%13.5%54.3 53.2 2.0% September 7.1%7.4%-3.4%22.1%21.5%2.9%32.3 34.4 -6.1% October 2.7%1.5%79.9%12.2%12.2%-0.4%22.3 12.4 80.6% Grand total 29.7%31.5%-5.5%42.6%44.8%-5.0%69.9 70.2 -0.5% Historic months total 42.5%47.1%-9.9%56.2%64.4%-12.8%75.6 73.2 3.3% On the books months total 15.9%14.5%9.3%29.4%28.4%3.3%54.0 51.0 5.9% Vail Condo Properties Vail Hotel Properties INDEX AVERAGE DAILY RATE ADR: YTD 2017/18 VS. YTD 2016/17 ADR: YTD 2017/18 VS. YTD 2016/17 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 Apr 30, 2018 Apr 30, 2017 Change in Apr 30, 2018 Apr 30, 2017 Change in Vail Hotel Properties Vail Hotel Properties Index: Month of Occupancy (2017/18 & 2016/17)(2017/18 season)(2016/17 season)YTD Occ. Rate (2017/18 season)(2016/17 season)Occ. Rate YTD 2017/18 YTD 2016/17 2017/18 vs. 2016/17 November $257 $230 11.6%$229 $210 9.0%112.2 109.7 2.3% December $796 $741 7.4%$634 $662 -4.2%125.6 112.0 12.1% January $660 $598 10.3%$565 $573 -1.4%116.9 104.5 11.8% February $687 $663 3.6%$599 $655 -8.7%114.8 101.2 13.5% March $659 $634 3.9%$581 $631 -7.9%113.4 100.5 12.8% April Historic $316 $319 -1.0%$252 $263 -4.4%125.4 121.1 3.6% May On the books $213 $186 14.2%$169 $158 7.5%125.7 118.3 6.2% June $259 $243 6.8%$214 $217 -1.3%120.8 111.6 8.2% July $283 $263 7.6%$294 $272 8.1%96.3 96.8 -0.5% August $309 $285 8.3%$274 $266 3.2%112.6 107.3 4.9% September $259 $245 6.0%$207 $200 3.4%125.2 122.2 2.4% October $240 $216 10.9%$158 $160 -1.0%151.6 135.3 12.0% Grand total $550 $524 4.8%$423 $438 -3.5%130.0 119.8 8.6% Historic months total $644 $601 7.1%$526 $550 -4.4%122.4 109.3 12.0% On the books months total $275 $255 8.0%$231 $227 1.8%119.1 112.3 6.0% Vail Condo Properties Vail Hotel Properties INDEX REVENUE PER AVAILABLE ROOM RevPAR: YTD 2017/18 VS. YTD 2016/17 RevPAR: YTD 2017/18 VS. YTD 2016/17 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 Apr 30, 2018 Apr 30, 2017 Change in Apr 30, 2018 Apr 30, 2017 Change in Vail Hotel Properties Vail Hotel Properties Index: Month of Occupancy (2017/18 & 2016/17)(2017/18 season)(2016/17 season)YTD Occ. Rate (2017/18 season)(2016/17 season)Occ. Rate YTD 2017/18 YTD 2016/17 2017/18 vs. 2016/17 November $38 $42 -9.6%$80 $74 7.8%47.5 56.7 -16.1% December $301 $348 -13.6%$354 $460 -23.1%85.1 75.7 12.4% January $351 $370 -5.1%$357 $452 -20.9%98.2 81.9 19.9% February $416 $430 -3.4%$453 $542 -16.4%91.7 79.4 15.5% March $394 $359 9.6%$413 $482 -14.1%95.3 74.6 27.7% April Historic $66 $87 -23.5%$84 $115 -27.0%79.1 75.5 4.8% May On the books $12 $11 11.8%$41 $38 9.2%29.5 28.8 2.4% June $67 $54 24.6%$105 $94 11.0%63.7 56.8 12.2% July $95 $83 13.5%$116 $115 0.2%81.9 72.3 13.4% August $54 $43 25.4%$88 $75 17.1%61.1 57.1 7.1% September $18 $18 2.4%$46 $43 6.4%40.4 42.0 -3.8% October $7 $3 99.5%$19 $20 -1.4%33.8 16.7 102.3% Grand total $164 $165 -0.9%$180 $196 -8.3%90.8 84.1 8.0% Historic months total $273 $283 -3.5%$295 $354 -16.6%92.5 79.9 15.7% On the books months total $44 $37 18.0%$68 $64 5.6%64.3 57.5 11.7% Custom Comparative Report Bookings as of: April 30, 2018