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HomeMy WebLinkAbout2014_04_07 Spring Back to Vail RFP Vail Commission on Special Events 2014 Event Funding Application Applied for by: 2012 & 2013 Event Marketer Magazine's "Top 100 Event Agency" 12 Vail Rd. Suite 500, Vail, CO 81657 (970) 476-6797 www.gohighline.com VAIL COMMISSION ON SPECIAL EVENTS 2014 EVENT FUNDING APPLICATION NAME OF EVENT: Spring Back to Vail PROPOSED DATE(S): April 7 – 12 and April 20, 2014 AMOUNT OF CASH FUNDING REQUESTED: $100,000- PRODUCING ENTITY: HIGHLINE 1) President/executive director's name: Jeff Brausch 2) Name/title of person completing application: Jeff Brausch 3) Business Address:12 Vail Rd., Suite 500, Vail, CO 81657 4) Contact Info:: 970/476-6797 xt.703 Cell: 970/393-2128 Fax: 970/476-6890 E-Mail Address: jeff@gohighline.com 5) Website address: www.gohighline.com | www.vail.com/springback 6) Number of years your organization has been in business __16____ 7) Mission Statement: To foster a culture in which Highline team members are challenged to excel in providing all customers with exceptional service, extensive knowledge and an unwavering commitment to ethical excellence…not only to complete client satisfaction-but beyond all expectations! 8) Organization's tax status: • For Profit__X_ Non-Profit*____ Not-for-Profit*____Non-Profit (501 C-3), or Not for Profit (501 C-6) organizations, please attach current State Department of Revenue Certificate with this application. • Does the event benefit a charity? Yes_X__ No___ If yes, please name the beneficiary: Habitat for Humanity • Tax payer ID#: 84-1331831 EVENT DESCRIPTION: 1) Brief Description of Event: Vail’s season ending bash which has become Vail’s rite of Spring. Featuring on and off-snow events, headliner concerts, street parties and the ever-popular World Alpine Pond Skimming Championships. Voted the #1 Mountain Spring Party in the U.S. by Ski Magazine. 2) Describe where the event will be located within the Town of Vail: Vail Village & Lionshead including Vail Mountain base areas, Ford Park, and potentially Vail Village for concerts. Concerts and locations are currently TBD. 3) Will any portion of the event take place outside of the Town of Vail? __X__Yes ____No If yes, please explain: Portions of the event will take place on Vail Mountain 4) Will additional in-kind services be required from the Town of Vail? Yes X No ____ If yes, please explain, including a description of anticipated impacts on Town of Vail services: i.e. bus service, parking, traffic control, street closures, etc.: We will require barricades to control the perimeter of the beer gardens on the concert nights as well as TOV police support for crowd control these same concerts. 5) Is this a: New event ___ Existing event X Number of years in existence: 11 Location(s) of event in previous years: Same as proposed in 2013 6) People: • Number of participants (athletes, artists, exhibitors, etc.) anticipated: 500 • Number of volunteers needed 20 Number of event staff 75 • # of spectators/event attendees anticipated 100,000 during the event period o Local 20% o In-state (non-local) 20% o Out of State 60% 7) Brief description of potential benefits to the Town of Vail, including an estimated # of incremental room nights and increased spending generated. Estimated Incremental Room Nights and Revenue Generated by the 2014 Spring Back to Vail 2014 Estimated Incremental Spending Incremental Room Nights Estimated attendance: 100,000 Those who came just for the event: 60% Those staying in Town of Vail lodging: 80% Average nights stay in Vail: 3 Total Incremental Room Nights: 72,000 (2ppl/room/double occupancy) Incremental Spending Estimated attendance per day: 14,250 Average amount spent: $150 Event Days: 7 Total Incremental Spending: $14,962,500 Average lodging price per person per night: $125 Incremental room nights: 72,000 Subtotal spent on lodging: $18,000,000 Number of days in Vail not for event: 1.0 Number of people staying additional days: 10,000 Average amount spent per day: $150 Subtotal spent on non-event days: $1,500,000 Total Estimated Incremental Spending: $34,462,500 8) What return on investment should the Town of Vail expect? 2014 Town of Vail Estimated Return on Investment Town of Vail Investment $100,000 Total Value of Media, Public Relations and Event Related Impressions for a top-tier Presenting Sponsor (such as the Town of Vail) (measured by Event Industry-accepted means). This number is based on the projected PR and marketing for this event and estimates from this event last year and other similar events. $1,000,000 Return on Investment through Media, PR and Event Related Impressions alone: 9-to-1 Est. Incremental Room Nights Generated 72,000 Incremental Spending Generated $34,462,500 Tax Receipts (Sales - 4%, Lodging-5.4%) $1,630,000 Return on Investment through Incremental Spending in the Town of Vail: 15.3-to-1 BUDGET: 1) Detailed event budget, including all anticipated revenues and expenses. 2) What percentage of the total event budget is CSE being asked to fund? 17% 3) Please describe briefly how you will use the funds that you are requesting from the CSE: To mitigate the many operational expenses associated with the successful production of the event. 4) Should the CSE decide not to support this event, will it still occur? Undecided. 5) What is the dollar amount of sponsorships from alternative sources reflected in the event budget? 83% 6) What percentage of the total event budget do you expect the event itself to generate? 50% 7) If possible, would you intend to host the event in Vail beyond 2014? Yes X No_ If yes, for how many years beyond 2014? As many as years as it makes sense financially and strategically for Highline, Vail Resorts and Town of Vail. 8) Do you anticipate requesting funding from the CSE next year? Yes X No___ If yes, in what amount? TBD. MARKETING: 9) Sponsorships/Media Exposure Highline will continue to sell sponsorships on its properties to help cover the numerous operating and marketing expenses to make Spring Back to Vail a success. ADDITIONAL REQUIRED ATTACHMENTS: 1) References – HIGHLINE has a prior history of producing events in Vail for 16 years. 2) What mechanism are you using to direct non-local attendees to Vail lodging options? Non-local attendees will be directed to Vail lodging options via call-to-actions placed in event advertising and collateral materials. These items to include national media including online, television, newspaper print ads, web, posters, handbills and more. 3) Marketing plan and detailed explanation of potential for sponsorships and media exposure. • An extensive, traditional media campaign will be run for the event featuring print (newspaper and magazine), radio and television. The campaign will focus on front range media as well as destination market media. Over $250,000.00 in media value is expected to be delivered by this integrated campaign. • A strong national, regional and local PR blitz will key on Spring Back to Vail. The campaign is expected to generate over $1,000,000 in equivalent media value. • Spring Back to Vail will continue to push on the new media envelope with Facebook, Twitter and custom web pages running in support of the event. The event will also receive a great deal of play on Vail Resort’s web site www.snow.com and www.vail.com • Direct broadcast emails and standard mailings will be sent to lists, including those owned by Vail Resorts and Highline, targeting our audience. • Numerous collateral and competitor materials will be disseminated throughout the region. Including postcards and posters. 4) PR/Marketing Contacts: PR CONTACT: Missy Johnson, Account Manager, Highline, 970-476-6797 x712, missy@gohighline.com MARKETING CONTACT: Missy Johnson, Account Manager, Highline, 970-476-6797 x712, missy@gohighline.com 5) Previous year's event evaluation, including income and expense statement (if existing event). Some of the strengths and weaknesses are as follows: • Marketing and PR campaigns were very successful – major coverage generated almost 7,250,000 impressions and well over $1,000,000 in equivalent value. • Media included television, radio, print and digital media • Spring Back to Vail returned April 8-14, 2013, celebrating the season in style with a jam-packed schedule of parties, giveaways, on-mountain events and three headliner concerts all part of Vail’s 50th Anniversary season. • Headliner for Spring Back to Vail included O.A.R., SUBLIME WITH ROME AND JIMMY CLIFF. The event schedule also included the wet ‘n’ wild World Pond Skimming Championships. • 2013 saw the return of no-cost admission for all events and concerts surrounding Spring Back to Vail, marking the continuation of Vail Mountain’s commitment to providing free, first-rate entertainment for guests from all over the world. The event kept the town packed to close out Vail’s 50th Winter Season. • Marketing and PR campaigns were very successful in promoting awareness and driving event attendance especially during a slow snow year. • Research shows that Spring Back to Vail was a main reason for choosing Vail, which is double that of last year. • Spring Back to Vail definitely raises the guest enjoyment of their experiences. • On-mountain events included World Pond Skimming Championships and a full weekend of the expo village at the Vista Bahn base area. • High loyalty and suggestion of repeat business all came out of research. • The range of well-known A-list as well as emerging artists this year reached a wide variety of concert goers and a provided great energy throughout the town each night. The sponsor and band awareness numbers were superb. • The Green Initiatives play a key role in an event of this size, Highline is proud of the recycling efforts surrounding this event with such high attendance at concerts and at the World Pond Skimming Championships. • The Sunday Jimmy Cliff concert which followed the World Pond Skimming Championships was a key factor in effectively bringing people safely into town and off the mountain on closing day. 2013 Final Spring Back to Vail Budget 6) Past or projected demographics of event attendees and spending. 2014 Projected Demographics Spring Back to Vail’s audience is expected to attract the much sought after high-end, high-consuming Vail audience, along with a younger demographic for the closing weekend events. The event is created to capture a wide range of customers to include young singles (21+) as well as couples and families. We anticipate the Average age will be 35-40 with HHI of $100,000++. 7) Organization rosters naming: • All officers and respective positions • Board of Directors and positions Highline Roster Principals/Board of Directors: • Jeff Brausch, President/CEO • James Deighan, Partner Employees: • Peggy Wolfe, Director of Events • John McGuire, Executive Producer • Katie Tille, Executive Producer • Jeff Seme, Senior Event Manager • Missy Johnson, Account Manager • Chris Dolan, Director of Client Services • Jim Nagy, Account Manager • Kelli Brausch, Controller/CPA • Dave Cronin, Assistant Event Manager • Ryan McNamara, Production & Partner Assistant