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HomeMy WebLinkAbout2013_September_3rd_Qtr_VBR Vail Business Review September 2013 November 18, 2013 The September Vail Business Review breaks down the four percent sales tax collected for September and year to date through September. Overall September sales tax increased .6% with Retail increasing 1.4%, Lodging increased 6.6%, Food and Beverage increased 1.9% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) decreased 13.6%. 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 September was up 1.2%. Year to date through September resulted in a 7.8% increase overall with Retail increasing 11.8%, Lodging increased 9.3%, Food and Beverage increased 5.0% and Utilities/Other decreased 2.6% Excluding the Out of Town category, sales tax year to date through September is up 7.9%. 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 SeptemberSeptemberSeptemberSeptember Sales Tax Newsletter September 2013 Sales TaxSeptember 2013 Sales TaxSeptember 2013 Sales TaxSeptember 2013 Sales Tax SeptemberSeptemberSeptember 2012 2013 % Collections Collections Change VAIL VILLAGE Retail 123,259 123,499 0.19 % Lodging 103,976 113,978 9.62 % F & B 198,400 190,722 -3.87 % Other 12,188 5,729 -52.99 % Total 437,823 433,928 -0.89 % LIONSHEAD Retail 33,608 31,670 -5.77 % Lodging 61,548 58,934 -4.25 % F & B 66,652 67,168 0.77 % Other 3,467 3,671 5.90 % Total 165,276 161,443 -2.32 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 111,334 109,958 -1.24 % Lodging 45,795 53,348 16.49 % F & B 42,023 55,139 31.21 % Other 6,790 4,920 -27.54 % Total 205,942 223,365 8.46 % OUT OF TOWN Retail 52,487 59,900 14.12 % Lodging 4,660 3,931 -15.66 % F & B 1,229 1,188 -3.28 % Utilities & Other 112,702 102,455 -9.09 % Total 171,078 167,474 -2.11 % 11/18/2013 12:37:48 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW SeptemberSeptemberSeptemberSeptember Sales Tax Newsletter September 2013 Sales TaxSeptember 2013 Sales TaxSeptember 2013 Sales TaxSeptember 2013 Sales Tax TOTALTOTALTOTALTOTAL SeptemberSeptemberSeptember 2012 2013 % Collections Collections Change Retail 320,689 325,027 1.35 % Lodging And Property Mgmt 215,980 230,190 6.58 % Food and Beverage 308,304 314,217 1.92 % Other 135,146 116,776 -13.59 % Total 980,119 986,210 0.62 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY SeptemberSeptemberSeptember 2012 2013 % Collections Collections Change RETAIL-FOOD 85,674 84,696 -1.14 % RETAIL-LIQUOR 23,703 23,542 -0.68 % RETAIL-APPAREL 47,038 54,892 16.70 % RETAIL-SPORT 65,745 62,967 -4.23 % RETAIL-JEWELRY 16,380 16,263 -0.71 % RETAIL-GIFT 6,514 4,794 -26.41 % RETAIL-GALLERY 3,420 3,599 5.23 % RETAIL-OTHER 71,711 74,013 3.21 % RETAIL-HOME OCCUPATION 503 261 -48.21 % Total 320,689 325,027 1.35 % 11/18/2013 12:37:49 PM Page 2 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW September YTDSeptember YTDSeptember YTDSeptember YTD Sales Tax Newsletter September YTD 2013 Sales TaxSeptember YTD 2013 Sales TaxSeptember YTD 2013 Sales TaxSeptember YTD 2013 Sales Tax September YTD September YTDSeptember YTD 2012 2013 % Collections Collections Change VAIL VILLAGE Retail 2,106,707 2,333,539 10.77 % Lodging 2,488,559 2,820,680 13.35 % F & B 2,762,128 2,930,738 6.10 % Other 87,350 101,100 15.74 % Total 7,444,744 8,186,057 9.96 % LIONSHEAD Retail 872,193 924,972 6.05 % Lodging 1,699,469 1,822,236 7.22 % F & B 808,499 814,151 0.70 % Other 39,017 43,032 10.29 % Total 3,419,178 3,604,391 5.42 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 1,354,449 1,420,105 4.85 % Lodging 910,609 971,158 6.65 % F & B 498,259 528,335 6.04 % Other 53,726 51,502 -4.14 % Total 2,817,043 2,971,100 5.47 % OUT OF TOWN Retail 455,819 674,967 48.08 % Lodging 174,470 149,907 -14.08 % F & B 10,342 10,190 -1.48 % Utilities & Other 1,296,840 1,242,869 -4.16 % Total 1,937,472 2,077,932 7.25 % 11/18/2013 12:50:39 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW September YTDSeptember YTDSeptember YTDSeptember YTD Sales Tax Newsletter September YTD 2013 Sales TaxSeptember YTD 2013 Sales TaxSeptember YTD 2013 Sales TaxSeptember YTD 2013 Sales Tax TOTALTOTALTOTALTOTAL September YTD September YTDSeptember YTD 2012 2013 % Collections Collections Change Retail 4,789,168 5,353,583 11.79 % Lodging And Property Mgmt 5,273,108 5,763,980 9.31 % Food and Beverage 4,079,228 4,283,414 5.01 % Other 1,476,934 1,438,502 -2.60 % Total 15,618,437 16,839,480 7.82 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY September YTD September YTDSeptember YTD 2012 2013 % Collections Collections Change RETAIL-FOOD 1,010,056 1,070,028 5.94 % RETAIL-LIQUOR 340,041 364,346 7.15 % RETAIL-APPAREL 676,290 886,833 31.13 % RETAIL-SPORT 1,758,800 1,875,655 6.64 % RETAIL-JEWELRY 155,261 180,437 16.22 % RETAIL-GIFT 63,786 56,549 -11.34 % RETAIL-GALLERY 50,055 51,659 3.20 % RETAIL-OTHER 730,774 865,326 18.41 % RETAIL-HOME OCCUPATION 4,105 2,749 -33.04 % Total 4,789,168 5,353,583 11.79 % 11/18/2013 12:50:40 PM Page 2 of 2