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HomeMy WebLinkAbout11. Vail Reservation Activity Outlook Report, June 2018Executive Summary Res Activity Outlook as of Jun 30, 2018 Executive Summary Data based on a sample of up to 26 properties in the Vail destination, representing up to 2272 Units ('DestiMetrics Census'*) and 59.85% of 3797 total units in the Vail destination ('Destination Census'**) Last Month Performance: Current YTD vs. Previous YTD 2018 2017 Year over Year % Variance Vail Occupancy for last month (Jun) changed by (8.8%)Occupancy (Jun) :57.6%52.9%8.8% Vail ADR for last month (Jun) changed by (2.2%)ADR (Jun) :$ 231 $ 226 2.2% Vail RevPAR for last month (Jun) changed by (11.2%)RevPAR (Jun) :$ 133 $ 119 11.2% Next Month Performance: Current YTD vs. Previous YTD Vail Occupancy for next month (Jul) changed by (-6.8%)Occupancy (Jul) :57.5%61.6%-6.8% Vail ADR for next month (Jul) changed by (3.8%)ADR (Jul) :$ 296 $ 285 3.8% Vail RevPAR for next month (Jul) changed by (-3.2%)RevPAR (Jul) :$ 170 $ 176 -3.2% Historical past 6 months Month Actual Performance: Current YTD vs. Previous YTD Vail Occupancy for the past 6 months changed by (-6.1%)Occupancy 52.5%55.9%-6.1% Vail ADR for the past 6 months changed by (-3.1%)ADR $ 476 $ 491 -3.1% Vail RevPAR for the past 6 months changed by (-9.0%)RevPAR $ 250 $ 275 -9.0% Future 6 Month On The Books Performance: Current YTD vs. Previous YTD Vail Occupancy for the furture 6 months changed by (1.9%)Occupancy 25.2%24.7%1.9% Vail ADR for the future 6 months changed by (3.5%)ADR $ 305 $ 294 3.5% Vail RevPAR for the future 6 months changed by (5.5%)RevPAR $ 77 $ 73 5.5% Incremental Pacing - % Variance in Rooms Booked last Calendar Month: Jun 30, 2018 vs. Previous Year Rooms Booked during last month (Jun,18) compared to Rooms Booked during the same period last year (Jun,17) for all arrival dates has changed by (13.0%)Booking Pace (Jun)6.2%5.5%13.0% * Inntopia Census: Total number of rooms reported by participating Inntopia properties as available for short-term rental in the reporting month. This number can vary monthly as inventories and report participants change over time. ** Destination Census: The total number of rooms available for rental within the community as established by the and adjusted for properties that have opened / closed since that time. This number varies infrequently as new properties start, or existing properties cease operations. DESCRIPTION: The Reservation Activity Outlook Report tracks occupancy, average daily rate (ADR), and revenue per available room (RevPAR); the key metrics most of interest to lodging properties. The report combines the data sets of participating properties into a destination wide view that features three data sets (providing that sufficient information is available) including: i)current YTD occupancy, ii) last YTD occupancy, iii) last season's ending occupancy. The Reservation Activity Outlook Report is generated on a monthly basis, usually for a 12 month subscription period, and is created from data provided by a group of properties participating in a cooperative manner, and representing a valid set of data as a result. Report results are provided only to those properties who participate by submitting their data. Additionally, participating properties can order (on an a-la-carte basis) an individual report which shows the reservation activity of their property, measured against an aggregated set of competitive properties that they choose from amongst Inntopia's other participants. As is the case in all Inntopia data, all information provided by individual properties is strictly confidential, except when aggregated with other data and indistinguishable as a result. © 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. Vail Paid Occupancy (Most Recent Data) Res Activity Outlook as of Jun 30, 2018 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Average Daily Rate (Most Recent Data) Res Activity Outlook as of Jun 30, 2018 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Revenue Per Available Room (Most Recent Data) Res Activity Outlook as of Jun 30, 2018 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Variance in YTD Occupancy and ADR Res Activity Outlook 2018 vs 2017 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Paid Occupancy (Summer-to-date) Res Activity Outlook as of Jun 30, 2018 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Average Daily Rate (Summer-to-date) Res Activity Outlook as of Jun 30, 2018 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Revenue Per Available Room (Summer-to-date) Res Activity Outlook as of Jun 30, 2018 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Variance in YTD Occupancy and ADR (Summer-to-date) Res Activity Outlook as of Jun 30, 2018 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Paid Occupancy (Winter-to-date) Res Activity Outlook as of Jun 30, 2018 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Average Daily Rate (Winter-to-date) Res Activity Outlook as of Jun 30, 2018 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Revenue Per Available Room (Winter-to-date) Res Activity Outlook as of Jun 30, 2018 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Variance in YTD Occupancy and ADR (Winter-to-date) Res Activity Outlook 2018 vs 2017 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Paid Occupancy Fill Analysis Res Activity Outlook as of Jun 30, 2018 *Based on providing complete pacing data within a given month of occupancy only. Results may differ from those presented elsewhere in report if property set differs. **Results for "Percent Variance in incremental fill" indicate how room nights booked during the month just ended compare to room nights booked during the same month in the prior year, for occupancy in the month just ended and for the upcoming five months (as well as the six-month period in total). These results provide an indication of the degree to which booking activity occurring during the month just ended was greater or less than booking activity occurring in the same month a year ago -- i.e. a measure of the strength of booking activity occurring during the month just ended. Vail Paid Occupancy (Most Recent Data) Res Activity Outlook as of Jun 30, 2018 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Occ Rate: YTD 2018 VS. YTD 2017 Month of Occupancy Occ Rate as of Jun 30, 2018 Occ Rate as of Jun 30, 2017 Occ Percent Variance in YTD Occ Rate Historic Actual Occ Rate CY Room Nights Available CY Room Nights Booked PY Room Nights Available PY Room Nights Booked # of Properties in sample Jan 18 59.8%72.3%-17.2%75,573 45,219 65,792 47,553 26 Feb 18 70.5%75.7%-7.0%68,444 48,223 59,692 45,210 26 Mar 18 67.2%68.8%-2.2%75,503 50,759 65,782 45,230 26 Apr 18 29.8%37.8%-21.1%67,788 20,201 61,613 23,269 25 May 18 26.1%24.6%6.0%65,107 16,991 57,793 14,233 27 Jun 18 57.6%52.9%8.8%68,170 39,276 63,551 33,640 26 Jul 18 57.5%61.6%-6.8%70.5%71,347 40,994 63,946 39,405 26 Aug 18 42.7%37.7%13.2%58.3%72,870 31,113 64,999 24,517 26 Sep 18 23.7%24.0%-1.1%50.7%72,967 17,304 63,725 15,288 26 Oct 18 12.6%11.2%12.0%33.9%72,260 9,092 72,533 8,152 26 Nov 18 4.4%4.2%4.3%27.6%68,863 3,027 70,444 2,968 26 Dec 18 9.9%14.8%-32.8%49.4%73,239 7,273 73,014 10,793 26 Grand Total 38.7%39.6%-2.4%52.2%852,131 329,472 782,884 310,258 27 Historical Months Total 52.5%55.9%-6.1%55.9%420,585 220,669 374,223 209,135 27 On the Books Total 25.2%24.7%1.9%48.7%431,546 108,803 408,661 101,123 26 Vail Average Daily Rate (Most Recent Data) Res Activity Outlook as of Jun 30, 2018 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Average Daily Rate: YTD 2018 VS. YTD 2017 Month of Occupancy ADR as of Jun 30, 2018 ADR as of Jun 30, 2017 ADR Percent Variance in YTD Adr Rate Historic Actual ADR CY Room Nights Booked CY Room Revenue Booked PY Room Nights Booked PY Room Revenue Booked # of Properties in sample Jan 18 $593.72 $581.15 2.2%45,219 $ 26,847,315 47,553 $ 27,635,499 26 Feb 18 $624.78 $657.96 -5.0%48,223 $ 30,128,618 45,210 $ 29,746,401 26 Mar 18 $605.02 $632.14 -4.3%50,759 $ 30,710,142 45,230 $ 28,591,548 26 Apr 18 $264.71 $277.65 -4.7%20,201 $ 5,347,430 23,269 $ 6,460,612 25 May 18 $175.82 $191.35 -8.1%16,991 $ 2,987,440 14,233 $ 2,723,456 27 Jun 18 $230.65 $225.72 2.2%39,276 $ 9,058,881 33,640 $ 7,593,181 26 Jul 18 $295.61 $284.86 3.8%$280.79 40,994 $ 12,118,212 39,405 $ 11,224,904 26 Aug 18 $290.22 $284.39 2.0%$261.29 31,113 $ 9,029,664 24,517 $ 6,972,440 26 Sep 18 $223.67 $212.95 5.0%$221.09 17,304 $ 3,870,421 15,288 $ 3,255,541 26 Oct 18 $170.81 $169.32 0.9%$188.30 9,092 $ 1,553,041 8,152 $ 1,380,274 26 Nov 18 $236.11 $197.98 19.3%$234.21 3,027 $ 714,720 2,968 $ 587,592 26 Dec 18 $804.14 $585.75 37.3%$678.38 7,273 $ 5,848,486 10,793 $ 6,322,007 26 Grand Total $ 420 $ 427 -1.8%$ 414 329,472 $ 138,214,370 310,258 $ 132,493,455 27 Historical Months Total $ 476 $ 491 -3.1%$ 491 220,669 $ 105,079,827 209,135 $ 102,750,696 27 On the Books Total $ 305 $ 294 3.5%$ 329 108,803 $ 33,134,543 101,123 $ 29,742,759 26 Vail Revenue Per Available Room (Most Recent Data) Res Activity Outlook as of Jun 30, 2018 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com RevPAR Rate: YTD 2018 VS. YTD 2017 Month of Occupancy RevPAR as of Jun 30, 2018 RevPAR as of Jun 30, 2017 RevPAR Percent Variance in YTD RevPAR Rate Historic Actual RevPAR CY Room Nights Available CY Room Revenue Booked PY Room Nights Available PY Room Revenue Booked # of Properties in sample Jan 18 $355.25 $420.04 -15.4%75,573 $ 26,847,315 65,792 $ 27,635,499 26 Feb 18 $440.19 $498.33 -11.7%68,444 $ 30,128,618 59,692 $ 29,746,401 26 Mar 18 $406.74 $434.64 -6.4%75,503 $ 30,710,142 65,782 $ 28,591,548 26 Apr 18 $78.88 $104.86 -24.8%67,788 $ 5,347,430 61,613 $ 6,460,612 25 May 18 $45.89 $47.12 -2.6%65,107 $ 2,987,440 57,793 $ 2,723,456 27 Jun 18 $132.89 $119.48 11.2%68,170 $ 9,058,881 63,551 $ 7,593,181 26 Jul 18 $169.85 $175.54 -3.2%$198.07 71,347 $ 12,118,212 63,946 $ 11,224,904 26 Aug 18 $123.91 $107.27 15.5%$152.34 72,870 $ 9,029,664 64,999 $ 6,972,440 26 Sep 18 $53.04 $51.09 3.8%$112.08 72,967 $ 3,870,421 63,725 $ 3,255,541 26 Oct 18 $21.49 $19.03 12.9%$63.75 72,260 $ 1,553,041 72,533 $ 1,380,274 26 Nov 18 $10.38 $8.34 24.4%$64.63 68,863 $ 714,720 70,444 $ 587,592 26 Dec 18 $79.85 $86.59 -7.8%$335.22 73,239 $ 5,848,486 73,014 $ 6,322,007 26 Grand Total $ 162 $ 169 -4.2%$ 216 852,131 $ 138,214,370 782,884 $ 132,493,455 27 Historical Months Total $ 250 $ 275 -9.0%$ 275 420,585 $ 105,079,827 374,223 $ 102,750,696 27 On the Books Total $ 77 $ 73 5.5%$ 160 431,546 $ 33,134,543 408,661 $ 29,742,759 26 Vail Data Tables (Summer-to-date) Res Activity Outlook as of Jun 30, 2018 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Summer Bookings: Revenue Per Available Room: YTD 2018 VS. YTD 2017 Month of Occupancy RevPAR as of Jun 30, 2018 RevPAR as of Jun 30, 2017 Percent Variance in YTD RevPAR Historic Actual RevPAR CY Room Nights Available CY Room Revenue Booked PY Room Nights Available PY Room Revenue Booked # of Properties in sample May 18 $45.89 $47.12 -2.6%65,107 $ 2,987,440 57,793 $ 2,723,456 27 Jun 18 $132.89 $119.48 11.2%68,170 $ 9,058,881 63,551 $ 7,593,181 26 Jul 18 $169.85 $175.54 -3.2%$198.07 71,347 $ 12,118,212 63,946 $ 11,224,904 26 Aug 18 $123.91 $107.27 15.5%$152.34 72,870 $ 9,029,664 64,999 $ 6,972,440 26 Sep 18 $53.04 $51.09 3.8%$112.08 72,967 $ 3,870,421 63,725 $ 3,255,541 26 Oct 18 $21.49 $19.03 12.9%$63.75 72,260 $ 1,553,041 72,533 $ 1,380,274 26 Summer Total $ 91 $ 86 6.5%$ 117 422,721 $ 38,617,658 386,547 $ 33,149,796 27 Summer Bookings: Average Daily Rate: YTD 2018 VS. YTD 2017 Month of Occupancy ADR as of Jun 30, 2018 ADR as of Jun 30, 2017 Percent Variance in YTD Adr Rate Historic Actual ADR CY Room Nights Booked CY Room Revenue Booked PY Room Nights Booked PY Room Revenue Booked # of Properties in sample May 18 $175.82 $191.35 -8.1%16,991 $ 2,987,440 14,233 $ 2,723,456 27 Jun 18 $230.65 $225.72 2.2%39,276 $ 9,058,881 33,640 $ 7,593,181 26 Jul 18 $295.61 $284.86 3.8%$280.79 40,994 $ 12,118,212 39,405 $ 11,224,904 26 Aug 18 $290.22 $284.39 2.0%$261.29 31,113 $ 9,029,664 24,517 $ 6,972,440 26 Sep 18 $223.67 $212.95 5.0%$221.09 17,304 $ 3,870,421 15,288 $ 3,255,541 26 Oct 18 $170.81 $169.32 0.9%$188.30 9,092 $ 1,553,041 8,152 $ 1,380,274 26 Summer Total $ 250 $ 245 1.8%$ 239 154,770 $ 38,617,658 135,235 $ 33,149,796 27 Summer Bookings: Occ Rate: YTD 2018 VS. YTD 2017 Month of Occupancy Occ Rate as of Jun 30, 2018 Occ Rate as of Jun 30, 2017 Occ Percent Variance in YTD Occ Rate Historic Actual Occ Rate CY Room Nights Available CY Room Nights Booked PY Room Nights Available PY Room Nights Booked # of Properties in sample May 18 26.1%24.6%6.0%65,107 16,991 57,793 14,233 27 Jun 18 57.6%52.9%8.8%68,170 39,276 63,551 33,640 26 Jul 18 57.5%61.6%-6.8%70.5%71,347 40,994 63,946 39,405 26 Aug 18 42.7%37.7%13.2%58.3%72,870 31,113 64,999 24,517 26 Sep 18 23.7%24.0%-1.1%50.7%72,967 17,304 63,725 15,288 26 Oct 18 12.6%11.2%12.0%33.9%72,260 9,092 72,533 8,152 26 Summer Total 36.6%35.0%4.7%49.0%422,721 154,770 386,547 135,235 27 Vail Data Tables (Winter-to-date) Res Activity Outlook as of Jun 30, 2018 © 2018 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Winter Bookings: Revenue Per Available Room: YTD 2018 VS. YTD 2017 Month of Occupancy RevPAR as of Jun 30, 2018 RevPAR as of Jun 30, 2017 Percent Variance in YTD RevPAR Rate Historic Actual RevPAR CY Room Nights Available CY Room Revenue Booked PY Room Nights Available PY Room Revenue Booked # of Properties in sample Nov 18 $10.38 $8.34 24.4%$64.63 68,863 $ 714,720 70,444 $ 587,592 26 Dec 18 $79.85 $86.59 -7.8%$335.22 73,239 $ 5,848,486 73,014 $ 6,322,007 26 Jan 19 Feb 19 Mar 19 Apr 19 Winter Total $ 46 $ 48 -4.1%$ 212 142,102 $ 6,563,205 143,458 $ 6,909,599 26 Winter Bookings: Average Daily Rate: YTD 2018 VS. YTD 2017 Month of Occupancy ADR as of Jun 30, 2018 ADR as of Jun 30, 2017 Percent Variance in YTD Adr Rate Historic Actual ADR CY Room Nights Booked CY Room Revenue Booked PY Room Nights Booked PY Room Revenue Booked # of Properties in sample Nov 18 $236.11 $197.98 19.3%$234.21 3,027 $ 714,720 2,968 $ 587,592 26 Dec 18 $804.14 $585.75 37.3%$678.38 7,273 $ 5,848,486 10,793 $ 6,322,007 26 Jan 19 Feb 19 Mar 19 Apr 19 Winter Total $ 637 $ 502 26.9%$ 537 10,300 $ 6,563,205 13,761 $ 6,909,599 26 Winter Bookings: Occ Rate: YTD 2018 VS. YTD 2017 Month of Occupancy Occ Rate as of Jun 30, 2018 Occ Rate as of Jun 30, 2017 Occupancy Percent Variance in YTD Occ Rate Historic Actual Occ Rate CY Room Nights Available CY Room Nights Booked PY Room Nights Available PY Room Nights Booked # of Properties in sample Nov 18 4.4%4.2%4.3%27.6%68,863 3,027 70,444 2,968 26 Dec 18 9.9%14.8%-32.8%49.4%73,239 7,273 73,014 10,793 26 Jan 19 Feb 19 Mar 19 Apr 19 Winter Total 7.2%9.6%-24.4%39.5%142,102 10,300 143,458 13,761 26