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HomeMy WebLinkAbout2014_February_VBR Vail Business Review February 2014 April 16, 2014 The February Vail Business Review breaks down the four percent sales tax collected for February. Overall February sales tax increased 3.3% with Retail increasing 3.2%, Lodging increased 3.4%, Food and Beverage increased 4.9% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) decreased 3.3%. 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 February was up 4.2%. 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 FebruaryFebruaryFebruaryFebruary Sales Tax Newsletter February 2014 Sales TaxFebruary 2014 Sales TaxFebruary 2014 Sales TaxFebruary 2014 Sales Tax FebruaryFebruaryFebruary 2013 2014 % Collections Collections Change VAIL VILLAGE Retail 447,219 475,756 6.38 % Lodging 658,748 657,400 -0.20 % F & B 513,598 531,675 3.52 % Other 18,402 13,242 -28.04 % Total 1,637,966 1,678,073 2.45 % LIONSHEAD Retail 210,606 223,765 6.25 % Lodging 445,997 494,724 10.93 % F & B 137,790 146,876 6.59 % Other 10,441 6,767 -35.19 % Total 804,833 872,131 8.36 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 211,550 219,533 3.77 % Lodging 233,842 235,872 0.87 % F & B 74,653 83,976 12.49 % Other 5,875 4,496 -23.47 % Total 525,920 543,877 3.41 % OUT OF TOWN Retail 84,238 65,218 -22.58 % Lodging 38,258 36,215 -5.34 % F & B 2,018 1,180 -41.52 % Utilities & Other 174,172 177,555 1.94 % Total 298,686 280,168 -6.20 % 4/16/2014 11:21:27 AM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW FebruaryFebruaryFebruaryFebruary Sales Tax Newsletter February 2014 Sales TaxFebruary 2014 Sales TaxFebruary 2014 Sales TaxFebruary 2014 Sales Tax TOTALTOTALTOTALTOTAL FebruaryFebruaryFebruary 2013 2014 % Collections Collections Change Retail 953,613 984,273 3.22 % Lodging And Property Mgmt 1,376,844 1,424,211 3.44 % Food and Beverage 728,058 763,707 4.90 % Other 208,890 202,059 -3.27 % Total 3,267,405 3,374,250 3.27 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY FebruaryFebruaryFebruary 2013 2014 % Collections Collections Change RETAIL-FOOD 150,162 152,328 1.44 % RETAIL-LIQUOR 62,690 65,510 4.50 % RETAIL-APPAREL 148,390 158,603 6.88 % RETAIL-SPORT 442,551 477,421 7.88 % RETAIL-JEWELRY 26,979 26,996 0.06 % RETAIL-GIFT 9,665 6,257 -35.26 % RETAIL-GALLERY 4,468 4,248 -4.94 % RETAIL-OTHER 108,350 92,912 -14.25 % RETAIL-HOME OCCUPATION 358 0 -100.00 % Total 953,613 984,273 3.22 % 4/16/2014 11:21:27 AM Page 2 of 2