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HomeMy WebLinkAbout2013_March_1stQtr_VBR Vail Business Review March 2013 May 22, 2013 The March Vail Business Review breaks down the four percent sales tax collected for March and year to date through first quarter. Overall March sales tax increased 13.9% with Retail increasing 22.6%, Lodging increased 14.7%, Food and Beverage increased 10.0% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) decreased 11.1%. 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 March was up 16.0%. Year to date through first quarter resulted in an 11.0% increase overall with Retail increasing 16.2%, Lodging increased 13.3%, Food and Beverage increased 7.4% and Utilities/Other decreased 9.3%. Excluding the Out of Town category, sales tax for the first quarter is up 12.6%. 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 MarchMarchMarchMarch Sales Tax Newsletter March 2013 Sales TaxMarch 2013 Sales TaxMarch 2013 Sales TaxMarch 2013 Sales Tax MarchMarchMarch 2012 2013 % Collections Collections Change VAIL VILLAGE Retail 431,630 556,825 29.01 % Lodging 624,897 751,080 20.19 % F & B 514,207 587,035 14.16 % Other 17,401 25,125 44.39 % Total 1,588,135 1,920,065 20.90 % LIONSHEAD Retail 207,569 245,465 18.26 % Lodging 432,721 484,479 11.96 % F & B 150,009 161,079 7.38 % Other 6,619 6,296 -4.88 % Total 796,919 897,319 12.60 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 209,520 228,226 8.93 % Lodging 195,429 211,740 8.35 % F & B 76,593 67,243 -12.21 % Other 5,523 7,196 30.29 % Total 487,065 514,406 5.61 % OUT OF TOWN Retail 54,063 76,574 41.64 % Lodging 43,564 40,454 -7.14 % F & B 1,590 1,546 -2.76 % Utilities & Other 215,966 179,598 -16.84 % Total 315,182 298,171 -5.40 % 5/22/2013 2:58:52 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW MarchMarchMarchMarch Sales Tax Newsletter March 2013 Sales TaxMarch 2013 Sales TaxMarch 2013 Sales TaxMarch 2013 Sales Tax TOTALTOTALTOTALTOTAL MarchMarchMarch 2012 2013 % Collections Collections Change Retail 902,783 1,107,090 22.63 % Lodging And Property Mgmt 1,296,612 1,487,753 14.74 % Food and Beverage 742,399 816,903 10.04 % Other 245,509 218,215 -11.12 % Total 3,187,302 3,629,961 13.89 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY MarchMarchMarch 2012 2013 % Collections Collections Change RETAIL-FOOD 144,322 156,673 8.56 % RETAIL-LIQUOR 58,469 66,410 13.58 % RETAIL-APPAREL 119,124 189,477 59.06 % RETAIL-SPORT 457,051 541,733 18.53 % RETAIL-JEWELRY 20,086 26,321 31.04 % RETAIL-GIFT 9,144 10,447 14.25 % RETAIL-GALLERY 6,897 7,342 6.45 % RETAIL-OTHER 87,215 108,221 24.09 % RETAIL-HOME OCCUPATION 475 466 -1.95 % Total 902,783 1,107,090 22.63 % 5/22/2013 2:58:52 PM Page 2 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW March YTDMarch YTDMarch YTDMarch YTD Sales Tax Newsletter March YTD 2013 Sales TaxMarch YTD 2013 Sales TaxMarch YTD 2013 Sales TaxMarch YTD 2013 Sales Tax March YTDMarch YTDMarch YTD 2012 2013 % Collections Collections Change VAIL VILLAGE Retail 1,242,144 1,443,344 16.20 % Lodging 1,701,015 2,029,114 19.29 % F & B 1,442,667 1,582,550 9.70 % Other 42,935 65,295 52.08 % Total 4,428,761 5,120,303 15.61 % LIONSHEAD Retail 590,433 659,805 11.75 % Lodging 1,226,494 1,340,856 9.32 % F & B 421,941 434,651 3.01 % Other 18,637 22,063 18.38 % Total 2,257,506 2,457,375 8.85 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 607,328 677,373 11.53 % Lodging 592,878 650,939 9.79 % F & B 215,866 217,821 0.91 % Other 16,246 19,438 19.65 % Total 1,432,317 1,565,571 9.30 % OUT OF TOWN Retail 146,154 225,311 54.16 % Lodging 132,956 119,574 -10.06 % F & B 5,186 5,720 10.30 % Utilities & Other 636,400 540,727 -15.03 % Total 920,695 891,333 -3.19 % 5/22/2013 3:03:53 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW March YTDMarch YTDMarch YTDMarch YTD Sales Tax Newsletter March YTD 2013 Sales TaxMarch YTD 2013 Sales TaxMarch YTD 2013 Sales TaxMarch YTD 2013 Sales Tax TOTALTOTALTOTALTOTAL March YTDMarch YTDMarch YTD 2012 2013 % Collections Collections Change Retail 2,586,059 3,005,833 16.23 % Lodging And Property Mgmt 3,653,343 4,140,483 13.33 % Food and Beverage 2,085,661 2,240,742 7.44 % Other 714,218 647,524 -9.34 % Total 9,039,280 10,034,582 11.01 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY March YTDMarch YTDMarch YTD 2012 2013 % Collections Collections Change RETAIL-FOOD 423,122 479,794 13.39 % RETAIL-LIQUOR 170,791 187,765 9.94 % RETAIL-APPAREL 335,096 484,042 44.45 % RETAIL-SPORT 1,255,460 1,418,260 12.97 % RETAIL-JEWELRY 64,205 75,714 17.93 % RETAIL-GIFT 26,395 29,687 12.47 % RETAIL-GALLERY 19,006 19,894 4.67 % RETAIL-OTHER 290,507 309,353 6.49 % RETAIL-HOME OCCUPATION 1,476 1,323 -10.39 % Total 2,586,059 3,005,833 16.23 % 5/22/2013 3:03:54 PM Page 2 of 2