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HomeMy WebLinkAbout2013_February_VBR Vail Business Review February 2013 April 17, 2013 The February Vail Business Review breaks down the four percent sales tax collected for February. Overall February sales tax increased 6.2% with Retail increasing 10.0%, Lodging increased 7.9%, Food and Beverage increased 4.1% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) decreased 11.3%. 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 February was up 6.9%. 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 FebruaryFebruaryFebruaryFebruary Sales Tax Newsletter February 2013 Sales TaxFebruary 2013 Sales TaxFebruary 2013 Sales TaxFebruary 2013 Sales Tax FebruaryFebruaryFebruary 2012 2013 % Collections Collections Change VAIL VILLAGE Retail 420,607 443,608 5.47 % Lodging 568,675 627,418 10.33 % F & B 480,518 507,398 5.59 % Other 12,545 17,831 42.14 % Total 1,482,345 1,596,254 7.68 % LIONSHEAD Retail 187,896 210,033 11.78 % Lodging 410,406 442,249 7.76 % F & B 141,824 135,970 -4.13 % Other 7,852 9,871 25.71 % Total 747,977 798,123 6.70 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 202,738 211,368 4.26 % Lodging 209,330 217,544 3.92 % F & B 67,087 74,653 11.28 % Other 5,823 3,920 -32.69 % Total 484,978 507,484 4.64 % OUT OF TOWN Retail 40,190 71,500 77.90 % Lodging 38,644 37,156 -3.85 % F & B 2,020 2,015 -0.28 % Utilities & Other 199,233 168,381 -15.49 % Total 280,087 279,052 -0.37 % 4/17/2013 1:06:48 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW FebruaryFebruaryFebruaryFebruary Sales Tax Newsletter February 2013 Sales TaxFebruary 2013 Sales TaxFebruary 2013 Sales TaxFebruary 2013 Sales Tax TOTALTOTALTOTALTOTAL FebruaryFebruaryFebruary 2012 2013 % Collections Collections Change Retail 851,432 936,508 9.99 % Lodging And Property Mgmt 1,227,055 1,324,367 7.93 % Food and Beverage 691,449 720,035 4.13 % Other 225,453 200,002 -11.29 % Total 2,995,388 3,180,912 6.19 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY FebruaryFebruaryFebruary 2012 2013 % Collections Collections Change RETAIL-FOOD 140,670 149,473 6.26 % RETAIL-LIQUOR 58,099 62,690 7.90 % RETAIL-APPAREL 106,782 146,227 36.94 % RETAIL-SPORT 401,643 441,026 9.81 % RETAIL-JEWELRY 20,789 26,927 29.53 % RETAIL-GIFT 8,137 9,665 18.78 % RETAIL-GALLERY 5,437 4,468 -17.81 % RETAIL-OTHER 109,447 95,738 -12.53 % RETAIL-HOME OCCUPATION 426 293 -31.25 % Total 851,432 936,508 9.99 % 4/17/2013 1:06:48 PM Page 2 of 2