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HomeMy WebLinkAbout2014_January_VBR Vail Business Review January 2014 March 26, 2014 The January Vail Business Review breaks down the four percent sales tax collected for January. Overall January sales tax increased 7.3% with Retail increasing 7.2%, Lodging increased 7.1%, Food and Beverage increased 10.2% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) decreased .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 January was up 7.4%. 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 JanuaryJanuaryJanuaryJanuary Sales Tax Newsletter January 2014 Sales TaxJanuary 2014 Sales TaxJanuary 2014 Sales TaxJanuary 2014 Sales Tax JanuaryJanuaryJanuary 2013 2014 % Collections Collections Change VAIL VILLAGE Retail 441,141 510,879 15.81 % Lodging 619,364 660,177 6.59 % F & B 481,917 532,248 10.44 % Other 21,769 13,955 -35.90 % Total 1,564,190 1,717,258 9.79 % LIONSHEAD Retail 204,277 220,107 7.75 % Lodging 410,381 455,715 11.05 % F & B 139,139 153,116 10.05 % Other 5,416 7,091 30.93 % Total 759,213 836,028 10.12 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 237,597 216,862 -8.73 % Lodging 205,372 202,307 -1.49 % F & B 75,925 83,685 10.22 % Other 6,378 4,162 -34.74 % Total 525,271 507,016 -3.48 % OUT OF TOWN Retail 66,540 70,310 5.67 % Lodging 41,077 48,207 17.36 % F & B 2,157 1,125 -47.85 % Utilities & Other 187,219 195,450 4.40 % Total 296,993 315,093 6.09 % 3/26/2014 12:59:59 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW JanuaryJanuaryJanuaryJanuary Sales Tax Newsletter January 2014 Sales TaxJanuary 2014 Sales TaxJanuary 2014 Sales TaxJanuary 2014 Sales Tax TOTALTOTALTOTALTOTAL JanuaryJanuaryJanuary 2013 2014 % Collections Collections Change Retail 949,555 1,018,157 7.22 % Lodging And Property Mgmt 1,276,194 1,366,406 7.07 % Food and Beverage 699,137 770,173 10.16 % Other 220,783 220,659 -0.06 % Total 3,145,668 3,375,395 7.30 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY JanuaryJanuaryJanuary 2013 2014 % Collections Collections Change RETAIL-FOOD 173,054 152,147 -12.08 % RETAIL-LIQUOR 58,665 62,312 6.22 % RETAIL-APPAREL 148,015 159,272 7.60 % RETAIL-SPORT 434,519 475,768 9.49 % RETAIL-JEWELRY 22,414 22,809 1.76 % RETAIL-GIFT 9,575 6,341 -33.78 % RETAIL-GALLERY 8,084 8,686 7.45 % RETAIL-OTHER 94,729 130,823 38.10 % RETAIL-HOME OCCUPATION 499 0 -100.00 % Total 949,555 1,018,157 7.22 % 3/26/2014 12:59:59 PM Page 2 of 2