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HomeMy WebLinkAbout2012_December_Year_VBR Vail Business Review December 2012 February 25, 2013 The December Vail Business Review breaks down the four percent sales tax collected for December and the year. Overall December sales tax decreased 7.1% with Retail increasing .4%, Lodging decreased 8.8%, Food and Beverage decreased 12.4% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) decreased 20.7%. The Out of Town category continues to be greatly affected by construction, interior design firms and furniture stores delivering in to Vail. Excluding the Out of Town category sales tax for the month of December was down 5.8%. The year resulted in a 2.3% increase overall with Retail increasing 1.5%, Lodging increased 5.1%, Food and Beverage increased 5.5% and Utilities decreased 10.7%. Excluding the Out of Town category, sales tax for the year is up 4.4%. Town of Vail sales tax forms, the Vail Business Review and the sales tax worksheet are available on the internet at 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 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW DecemberDecemberDecemberDecember Sales Tax Newsletter December 2012 Sales TaxDecember 2012 Sales TaxDecember 2012 Sales TaxDecember 2012 Sales Tax DecemberDecemberDecember 2011 2012 % Collections Collections Change VAIL VILLAGE Retail 544,263 560,309 2.95 % Lodging 555,647 514,260 -7.45 % F & B 487,808 429,607 -11.93 % Other 17,544 19,950 13.72 % Total 1,605,262 1,524,126 -5.05 % LIONSHEAD Retail 232,133 219,948 -5.25 % Lodging 380,794 373,107 -2.02 % F & B 126,095 105,643 -16.22 % Other 3,001 3,310 10.29 % Total 742,024 702,008 -5.39 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 293,146 276,311 -5.74 % Lodging 169,000 147,030 -13.00 % F & B 57,923 53,252 -8.06 % Other 5,064 4,335 -14.39 % Total 525,133 480,928 -8.42 % OUT OF TOWN Retail 72,110 89,071 23.52 % Lodging 50,235 20,114 -59.96 % F & B 1,849 1,851 0.08 % Utilities & Other 193,959 146,556 -24.44 % Total 318,153 257,591 -19.04 % 2/24/2013 2:39:38 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW DecemberDecemberDecemberDecember Sales Tax Newsletter December 2012 Sales TaxDecember 2012 Sales TaxDecember 2012 Sales TaxDecember 2012 Sales Tax TOTALTOTALTOTALTOTAL DecemberDecemberDecember 2011 2012 % Collections Collections Change Retail 1,141,652 1,145,638 0.35 % Lodging And Property Mgmt 1,155,677 1,054,511 -8.75 % Food and Beverage 673,675 590,352 -12.37 % Other 219,568 174,151 -20.68 % Total 3,190,572 2,964,652 -7.08 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY DecemberDecemberDecember 2011 2012 % Collections Collections Change RETAIL-FOOD 207,548 197,046 -5.06 % RETAIL-LIQUOR 70,419 70,249 -0.24 % RETAIL-APPAREL 151,589 158,679 4.68 % RETAIL-SPORT 510,336 494,540 -3.10 % RETAIL-JEWELRY 63,511 52,202 -17.81 % RETAIL-GIFT 14,969 13,162 -12.07 % RETAIL-GALLERY 11,712 9,092 -22.37 % RETAIL-OTHER 111,210 150,188 35.05 % RETAIL-HOME OCCUPATION 357 480 34.39 % Total 1,141,652 1,145,638 0.35 % 2/24/2013 2:39:38 PM Page 2 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW December YTDDecember YTDDecember YTDDecember YTD Sales Tax Newsletter December YTD 2012 Sales TaxDecember YTD 2012 Sales TaxDecember YTD 2012 Sales TaxDecember YTD 2012 Sales Tax December YTDDecember YTDDecember YTD 2011 2012 % Collections Collections Change VAIL VILLAGE Retail 2,688,250 2,837,884 5.57 % Lodging 2,877,544 3,142,749 9.22 % F & B 3,207,215 3,421,588 6.68 % Other 86,665 113,656 31.14 % Total 8,859,674 9,515,877 7.41 % LIONSHEAD Retail 1,215,627 1,154,542 -5.02 % Lodging 2,077,937 2,136,620 2.82 % F & B 921,105 976,473 6.01 % Other 45,795 49,611 8.33 % Total 4,260,464 4,317,246 1.33 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 1,817,087 1,828,933 0.65 % Lodging 1,100,180 1,116,658 1.50 % F & B 631,031 621,506 -1.51 % Other 68,911 65,268 -5.29 % Total 3,617,210 3,632,365 0.42 % OUT OF TOWN Retail 679,546 673,419 -0.90 % Lodging 231,719 214,242 -7.54 % F & B 11,278 12,886 14.26 % Utilities & Other 1,935,529 1,679,287 -13.24 % Total 2,858,072 2,579,834 -9.74 % 2/24/2013 2:42:01 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW December YTDDecember YTDDecember YTDDecember YTD Sales Tax Newsletter December YTD 2012 Sales TaxDecember YTD 2012 Sales TaxDecember YTD 2012 Sales TaxDecember YTD 2012 Sales Tax TOTALTOTALTOTALTOTAL December YTDDecember YTDDecember YTD 2011 2012 % Collections Collections Change Retail 6,400,510 6,494,779 1.47 % Lodging And Property Mgmt 6,287,380 6,610,270 5.14 % Food and Beverage 4,770,628 5,032,453 5.49 % Other 2,136,901 1,907,822 -10.72 % Total 19,595,419 20,045,323 2.30 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY December YTDDecember YTDDecember YTD 2011 2012 % Collections Collections Change RETAIL-FOOD 1,327,171 1,362,563 2.67 % RETAIL-LIQUOR 428,249 453,106 5.80 % RETAIL-APPAREL 823,585 897,106 8.93 % RETAIL-SPORT 2,442,730 2,368,079 -3.06 % RETAIL-JEWELRY 238,260 219,654 -7.81 % RETAIL-GIFT 96,857 84,498 -12.76 % RETAIL-GALLERY 60,516 64,469 6.53 % RETAIL-OTHER 977,553 1,040,146 6.40 % RETAIL-HOME OCCUPATION 5,589 5,159 -7.70 % Total 6,400,510 6,494,779 1.47 % 2/24/2013 2:42:02 PM Page 2 of 2