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HomeMy WebLinkAbout2013_June_2ndQtr_VBR Vail Business Review June 2013 August 12, 2013 The June Vail Business Review breaks down the four percent sales tax collected for June and year to date through June. Overall June sales tax increased 5.1% with Retail increasing 10.9%, Lodging decreased .9%, Food and Beverage increased .6% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) increased 14.9%. 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 June was up 2.5%. Year to date through June resulted in an 8.73% increase overall with Retail increasing 11.7%, Lodging increased 10.4%, Food and Beverage increased 6.7% and Utilities/Other decreased 2.5%. Excluding the Out of Town category, sales tax year to date through June is up 9.4%. 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 JuneJuneJuneJune Sales Tax Newsletter June 2013 Sales TaxJune 2013 Sales TaxJune 2013 Sales TaxJune 2013 Sales Tax JuneJuneJune 2012 2013 % Collections Collections Change VAIL VILLAGE Retail 99,000 107,605 8.69 % Lodging 115,057 105,776 -8.07 % F & B 195,705 201,975 3.20 % Other 2,032 6,553 222.42 % Total 411,794 421,909 2.46 % LIONSHEAD Retail 34,079 34,867 2.31 % Lodging 69,014 71,530 3.65 % F & B 62,932 58,991 -6.26 % Other 2,944 4,911 66.81 % Total 168,969 170,298 0.79 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 117,994 124,263 5.31 % Lodging 50,778 56,152 10.58 % F & B 54,643 54,118 -0.96 % Other 6,476 4,169 -35.62 % Total 229,891 238,703 3.83 % OUT OF TOWN Retail 58,238 76,192 30.83 % Lodging 4,163 3,525 -15.32 % F & B 469 406 -13.27 % Utilities & Other 91,465 102,644 12.22 % Total 154,334 182,768 18.42 % 8/12/2013 1:07:03 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW JuneJuneJuneJune Sales Tax Newsletter June 2013 Sales TaxJune 2013 Sales TaxJune 2013 Sales TaxJune 2013 Sales Tax TOTALTOTALTOTALTOTAL JuneJuneJune 2012 2013 % Collections Collections Change Retail 309,311 342,926 10.87 % Lodging And Property Mgmt 239,011 236,983 -0.85 % Food and Beverage 313,749 315,490 0.56 % Other 102,918 118,278 14.92 % Total 964,989 1,013,678 5.05 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY JuneJuneJune 2012 2013 % Collections Collections Change RETAIL-FOOD 92,423 97,502 5.50 % RETAIL-LIQUOR 27,025 28,777 6.48 % RETAIL-APPAREL 43,596 55,011 26.19 % RETAIL-SPORT 49,956 52,727 5.55 % RETAIL-JEWELRY 12,451 12,902 3.62 % RETAIL-GIFT 5,079 3,124 -38.48 % RETAIL-GALLERY 3,978 1,876 -52.83 % RETAIL-OTHER 74,537 90,819 21.84 % RETAIL-HOME OCCUPATION 266 186 -30.02 % Total 309,311 342,926 10.87 % 8/12/2013 1:07:03 PM Page 2 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW June YTDJune YTDJune YTDJune YTD Sales Tax Newsletter June YTD 2013 Sales TaxJune YTD 2013 Sales TaxJune YTD 2013 Sales TaxJune YTD 2013 Sales Tax June YTDJune YTDJune YTD 2012 2013 % Collections Collections Change VAIL VILLAGE Retail 1,562,604 1,727,963 10.58 % Lodging 1,992,457 2,288,597 14.86 % F & B 1,909,140 2,052,247 7.50 % Other 59,443 79,170 33.19 % Total 5,523,644 6,147,977 11.30 % LIONSHEAD Retail 704,366 760,268 7.94 % Lodging 1,418,691 1,520,554 7.18 % F & B 555,481 579,228 4.28 % Other 28,237 32,983 16.81 % Total 2,706,774 2,893,033 6.88 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 931,235 993,131 6.65 % Lodging 702,176 770,959 9.80 % F & B 333,022 351,999 5.70 % Other 32,602 32,634 0.10 % Total 1,999,035 2,148,723 7.49 % OUT OF TOWN Retail 307,269 435,179 41.63 % Lodging 155,362 132,587 -14.66 % F & B 5,967 6,516 9.19 % Utilities & Other 980,928 928,863 -5.31 % Total 1,449,527 1,503,145 3.70 % 8/12/2013 1:14:33 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW June YTDJune YTDJune YTDJune YTD Sales Tax Newsletter June YTD 2013 Sales TaxJune YTD 2013 Sales TaxJune YTD 2013 Sales TaxJune YTD 2013 Sales Tax TOTALTOTALTOTALTOTAL June YTDJune YTDJune YTD 2012 2013 % Collections Collections Change Retail 3,505,474 3,916,541 11.73 % Lodging And Property Mgmt 4,268,687 4,712,697 10.40 % Food and Beverage 2,803,610 2,989,990 6.65 % Other 1,101,210 1,073,650 -2.50 % Total 11,678,980 12,692,879 8.68 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY June YTDJune YTDJune YTD 2012 2013 % Collections Collections Change RETAIL-FOOD 674,860 726,664 7.68 % RETAIL-LIQUOR 241,901 259,645 7.34 % RETAIL-APPAREL 450,919 608,893 35.03 % RETAIL-SPORT 1,476,625 1,595,321 8.04 % RETAIL-JEWELRY 92,218 103,036 11.73 % RETAIL-GIFT 38,056 39,752 4.46 % RETAIL-GALLERY 27,913 27,930 0.06 % RETAIL-OTHER 500,231 553,417 10.63 % RETAIL-HOME OCCUPATION 2,752 1,882 -31.62 % Total 3,505,474 3,916,541 11.73 % 8/12/2013 1:14:33 PM Page 2 of 2