HomeMy WebLinkAbout2012_June_2ndQtr_VBR
August 9, 2012
The June Vail Business Review breaks down the four percent sales tax collected for June and
year to date through second quarter.
Overall June sales tax increased 6.8% with Retail increasing 8.5%, Lodging increased 12.8%,
Food and Beverage increased 15.4% and Utilities/Other (which is mainly utilities but also includes
taxable services and rentals) decreased 23.4%. The Out of Town category continues to be greatly
affected by interior design firms and furniture stores delivering in to Vail. Excluding the Out of
Town category, sales tax for the month of June is up 11.4%.
Year to date through second quarter resulted in a 3.1% increase overall with Retail increasing
1.4%, Lodging increased 6.6%, Food and Beverage increased 6.9% and Utilities decreased
11.3%. Excluding the Out of Town category, sales tax for the first half of the year is up 5.1%.
Town of Vail sales tax forms, the Vail Business Review and the sales tax worksheet are available
on 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 Judy
Camp at (970) 479-2119.
Sincerely,
Sally Lorton
Sales Tax Administrator
JUNE 2012
VAIL BUSINESS REVIEW
June 2012 Sales Tax
VAIL VILLAGE
June June June
2011 2012 %
Collections Collections Change
Retail 91,844 98,101 6.8%
Lodging 92,038 115,058 25.0%
Food &
Beverage 164,515 195,706 19.0%
Other 1,545 2,021 30.8%
Total 349,942 410,886 17.4%
LIONSHEAD
June June June
2011 2012 %
Collections Collections Change
.
Retail 28,791 33,577 16.6%
Lodging 64,143 68,956 7.5%
Food &
Beverage 54,250 61,828 14.0%
Other 5,866 3,322 -43.4%
Total 153,050 167,683 9.6%
June 2012 Sales Tax
CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL
June June June
2011 2012 %
Collections Collections Change
Retail 113,448 117,986 4.0%
Lodging 50,739 49,812 -1.8%
Food &
Beverage 52,003 54,642 5.1%
Other 5,749 6,332 10.1%
Total 221,939 228,772 3.1%
OUT OF TOWN
June June June
2011 2012 %
Collections Collections Change
Retail 47,934 56,306 17.5%
Lodging 3,939 4,077 3.5%
Food &
Beverage 275 482 75.3%
Utilities & 121,191 91,207 -24.7%
Other
Total 173,339 152,072 -12.3%
June 2012 Sales Tax
TOTAL
June June June
2011 2012 %
Collections Collections Change
Retail 282,017 305,970 8.5%
Lodging 210,859 237,903 12.8%
Food &
Beverage 271,043 312,658 15.4%
Utilities & 134,351 102,882 -23.4%
Other
Total 898,270 959,413 6.8%
RETAIL SUMMARY
June June June
2011 2012 %
Collections Collections Change
FOOD 85,659 92,419 7.9%
LIQUOR 23,502 27,010 14.9%
APPAREL 36,833 43,597 18.4%
SPORT 49,070 48,924 -0.3%
JEWELRY 11,914 12,451 4.5%
GIFT 6,885 5,080 -26.2%
GALLERY 2,182 3,979 82.4%
OTHER 65,552 72,244 10.2%
HOME
OCCUPATION
420 266 -36.7%
TOTAL 282,017 305,970
8.5%
YTD 2nd Quarter 2012
VAIL VILLAGE
YTD 2nd Qtr YTD 2nd Qtr YTD 2nd Qtr
2011 2012 %
Collections Collections Change
Retail 1,476,786 1,561,484 5.7%
Lodging 1,780,522 1,991,949 11.9%
Food &
Beverage 1,737,539 1,909,135 9.9%
Other 54,321 59,172 8.9%
Total 5,049,168 5,521,740 9.4%
LIONSHEAD
YTD 2nd Qtr YTD 2nd Qtr YTD 2nd Qtr
2011 2012 %
Collections Collections Change
.
Retail 739,977 702,910 -5.0%
Lodging 1,369,459 1,418,348 3.6%
Food &
Beverage 532,956 554,233 4.0%
Other 31,594 31,117 -1.5%
Total 2,673,986 2,706,608 1.2%
YTD 2nd Quarter 2012
CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL
YTD 2nd Qtr YTD 2nd Qtr YTD 2nd Qtr
2011 2012 %
Collections Collections Change
Retail 928,798 931,210 0.3%
Lodging 698,409 694,862 -0.5%
Food &
Beverage 345,582 333,020 -3.6%
Other 30,529 31,021 1.6%
Total 2,003,318 1,990,113 -0.7%
OUT OF TOWN
YTD 2nd Qtr YTD 2nd Qtr YTD 2nd Qtr
2011 2012 %
Collections Collections Change
Retail 297,111 294,054 -1.0%
Lodging 149,602 157,162 5.1%
Food &
Beverage 5,784 6,157 6.4%
Utilities & 1,127,595 981,948 -12.9%
Other
Total 1,580,092 1,439,321 -8.9%
YTD 2nd Quarter 2012
TOTAL
YTD 2nd Qtr YTD 2nd Qtr YTD 2nd Qtr
2011 2012 %
Collections Collections Change
Retail 3,442,672 3,489,658 1.4%
Lodging 3,997,992 4,262,321 6.6%
Food &
Beverage 2,621,861 2,802,545 6.9%
Utilities & 1,244,039 1,103,258 -11.3%
Other
Total 11,306,564 11,657,782 3.1%
RETAIL SUMMARY
YTD 2nd Qtr YTD 2nd Qtr YTD 2nd Qtr
2011 2012 %
Collections Collections Change
FOOD 666,232 674,839 1.3%
LIQUOR 224,458 241,709 7.7%
APPAREL 405,592 450,918 11.2%
SPORT 1,516,402 1,474,642 -2.8%
JEWELRY 101,027 92,219 -8.7%
GIFT 47,024 38,057 -19.1%
GALLERY 23,165 27,888 20.4%
OTHER 455,735
486,635 6.8%
HOME
OCCUPATION
3,037
2,751 -9.4%
TOTAL 3,442,672 3,489,658 1.4%