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HomeMy WebLinkAbout2013_April_Skiseason_VBR Vail Business Review April 2013 June 11, 2013 The April Vail Business Review breaks down the four percent sales tax collected for April and the 2012/2013 Ski Season. Overall April sales tax decreased 14.2% with Retail decreasing 19.6%, Lodging decreased 22.3%, Food and Beverage decreased 5.7% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) increased .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 April was down 17.3%. The 2012/2013 ski season resulted in a 4.7% increase overall with Retail increasing 8.2%, Lodging increased 6.5%, Food and Beverage increased 2.5% and Utilities/Other decreased 10.2%. Excluding the Out of Town category, sales tax for the ski season is up 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 AprilAprilAprilApril Sales Tax Newsletter April 2013 Sales TaxApril 2013 Sales TaxApril 2013 Sales TaxApril 2013 Sales Tax AprilAprilApril 2012 2013 % Collections Collections Change VAIL VILLAGE Retail 184,157 133,935 -27.27 % Lodging 148,765 113,613 -23.63 % F & B 199,849 175,358 -12.25 % Other 7,167 5,473 -23.63 % Total 539,938 428,379 -20.66 % LIONSHEAD Retail 70,123 50,961 -27.33 % Lodging 102,814 81,245 -20.98 % F & B 50,210 51,764 3.09 % Other 4,484 2,145 -52.17 % Total 227,632 186,115 -18.24 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 124,076 107,318 -13.51 % Lodging 42,420 38,828 -8.47 % F & B 34,209 40,909 19.59 % Other 4,656 3,365 -27.72 % Total 205,361 190,420 -7.28 % OUT OF TOWN Retail 45,732 48,627 6.33 % Lodging 14,599 6,145 -57.91 % F & B 200 371 84.84 % Utilities & Other 150,234 155,750 3.67 % Total 210,765 210,893 0.06 % 6/11/2013 8:29:57 AM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW AprilAprilAprilApril Sales Tax Newsletter April 2013 Sales TaxApril 2013 Sales TaxApril 2013 Sales TaxApril 2013 Sales Tax TOTALTOTALTOTALTOTAL AprilAprilApril 2012 2013 % Collections Collections Change Retail 424,089 340,840 -19.63 % Lodging And Property Mgmt 308,598 239,831 -22.28 % Food and Beverage 284,468 268,401 -5.65 % Other 166,540 166,733 0.12 % Total 1,183,695 1,015,806 -14.18 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY AprilAprilApril 2012 2013 % Collections Collections Change RETAIL-FOOD 96,899 83,587 -13.74 % RETAIL-LIQUOR 28,432 27,112 -4.64 % RETAIL-APPAREL 57,537 49,697 -13.63 % RETAIL-SPORT 155,692 102,918 -33.90 % RETAIL-JEWELRY 10,746 7,562 -29.63 % RETAIL-GIFT 3,956 4,668 17.99 % RETAIL-GALLERY 2,592 4,969 91.72 % RETAIL-OTHER 67,728 60,327 -10.93 % RETAIL-HOME OCCUPATION 506 0 -100.00 % Total 424,089 340,840 -19.63 % 6/11/2013 8:29:57 AM Page 2 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW Ski SeasonSki SeasonSki SeasonSki Season Sales Tax Newsletter Ski Season 2012/2013 Sales TaxSki Season 2012/2013 Sales TaxSki Season 2012/2013 Sales TaxSki Season 2012/2013 Sales Tax Ski SeasonSki SeasonSki Season 2011/2012 2012/2013 % Collections Collections Change VAIL VILLAGE Retail 2,064,417 2,237,745 8.40 % Lodging 2,475,845 2,745,516 10.89 % F & B 2,248,504 2,319,870 3.17 % Other 69,462 95,495 37.48 % Total 6,858,228 7,398,626 7.88 % LIONSHEAD Retail 945,095 979,379 3.63 % Lodging 1,754,076 1,841,436 4.98 % F & B 636,214 633,807 -0.38 % Other 26,704 29,658 11.06 % Total 3,362,089 3,484,280 3.63 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 1,129,364 1,165,058 3.16 % Lodging 835,811 875,532 4.75 % F & B 341,398 353,727 3.61 % Other 31,003 31,015 0.04 % Total 2,337,575 2,425,333 3.75 % OUT OF TOWN Retail 313,039 433,426 38.46 % Lodging 210,200 157,443 -25.10 % F & B 7,415 8,293 11.85 % Utilities & Other 1,114,956 959,180 -13.97 % Total 1,645,610 1,558,342 -5.30 % 6/11/2013 8:27:31 AM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW Ski SeasonSki SeasonSki SeasonSki Season Sales Tax Newsletter Ski Season 2012/2013 Sales TaxSki Season 2012/2013 Sales TaxSki Season 2012/2013 Sales TaxSki Season 2012/2013 Sales Tax TOTALTOTALTOTALTOTAL Ski SeasonSki SeasonSki Season 2011/2012 2012/2013 % Collections Collections Change Retail 4,451,916 4,815,608 8.17 % Lodging And Property Mgmt 5,275,931 5,619,928 6.52 % Food and Beverage 3,233,530 3,315,697 2.54 % Other 1,242,125 1,115,349 -10.21 % Total 14,203,502 14,866,581 4.67 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY Ski SeasonSki SeasonSki Season 2011/2012 2012/2013 % Collections Collections Change RETAIL-FOOD 802,740 842,201 4.92 % RETAIL-LIQUOR 292,992 310,165 5.86 % RETAIL-APPAREL 573,173 735,303 28.29 % RETAIL-SPORT 2,020,908 2,098,888 3.86 % RETAIL-JEWELRY 144,259 141,988 -1.57 % RETAIL-GIFT 49,705 52,282 5.18 % RETAIL-GALLERY 35,216 37,456 6.36 % RETAIL-OTHER 530,255 595,402 12.29 % RETAIL-HOME OCCUPATION 2,667 1,923 -27.88 % Total 4,451,916 4,815,608 8.17 % 6/11/2013 8:27:31 AM Page 2 of 2