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HomeMy WebLinkAbout2014_April_SkiSeason_VBR Vail Business Review April 2014 June 10, 2014 The April Vail Business Review breaks down the four percent sales tax collected for April and the 2013/2014 Ski Season. Overall April sales tax increased 16.1% with Retail increasing 21.2%, Lodging increased 21%, Food and Beverage increased 16.2% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) decreased 1.5%. Excluding the Out of Town category, sales tax for the month of April was up 22.4%. The 2013/2014 ski season resulted in a 9.2% increase overall with Retail increasing 9%, Lodging increased 12.6%, Food and Beverage increased 6.8% and Utilities/Other increased 1%. Excluding the Out of Town category, sales tax for the ski season is up 9.3%. 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 2014 Sales TaxApril 2014 Sales TaxApril 2014 Sales TaxApril 2014 Sales Tax AprilAprilApril 2013 2014 % Collections Collections Change VAIL VILLAGE Retail 136,934 184,464 34.71 % Lodging 117,296 157,514 34.29 % F & B 177,891 221,721 24.64 % Other 6,265 9,846 57.15 % Total 438,386 573,544 30.83 % LIONSHEAD Retail 53,972 76,546 41.82 % Lodging 81,328 102,640 26.20 % F & B 60,050 61,197 1.91 % Other 2,635 2,348 -10.91 % Total 197,985 242,731 22.60 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 107,459 122,741 14.22 % Lodging 41,312 32,027 -22.47 % F & B 40,909 41,327 1.02 % Other 3,942 3,787 -3.94 % Total 193,621 199,882 3.23 % OUT OF TOWN Retail 71,007 63,866 -10.06 % Lodging 6,725 6,147 -8.60 % F & B 380 200 -47.45 % Utilities & Other 161,931 156,236 -3.52 % Total 240,043 226,448 -5.66 % 6/10/2014 12:50:54 PM 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 2014 Sales TaxApril 2014 Sales TaxApril 2014 Sales TaxApril 2014 Sales Tax TOTALTOTALTOTALTOTAL AprilAprilApril 2013 2014 % Collections Collections Change Retail 369,371 447,616 21.18 % Lodging And Property Mgmt 246,662 298,329 20.95 % Food and Beverage 279,230 324,445 16.19 % Other 174,773 172,216 -1.46 % Total 1,070,036 1,242,605 16.13 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY AprilAprilApril 2013 2014 % Collections Collections Change RETAIL-FOOD 83,968 92,220 9.83 % RETAIL-LIQUOR 27,117 33,233 22.56 % RETAIL-APPAREL 50,820 68,070 33.94 % RETAIL-SPORT 106,265 157,106 47.84 % RETAIL-JEWELRY 7,956 9,728 22.28 % RETAIL-GIFT 4,852 2,438 -49.76 % RETAIL-GALLERY 5,025 2,994 -40.43 % RETAIL-OTHER 83,154 81,828 -1.59 % RETAIL-HOME OCCUPATION 215 0 -100.00 % Total 369,371 447,616 21.18 % 6/10/2014 12:50:54 PM 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 2013/2014 Sales TaxSki Season 2013/2014 Sales TaxSki Season 2013/2014 Sales TaxSki Season 2013/2014 Sales Tax Ski SeasonSki SeasonSki Season 2012/2013 2013/2014 % Collections Collections Change VAIL VILLAGE Retail 2,242,112 2,502,608 11.62 % Lodging 2,749,317 3,050,257 10.95 % F & B 2,330,760 2,487,286 6.72 % Other 96,288 79,145 -17.80 % Total 7,418,476 8,119,296 9.45 % LIONSHEAD Retail 983,342 1,045,644 6.34 % Lodging 1,841,519 2,110,147 14.59 % F & B 649,431 668,586 2.95 % Other 30,149 27,760 -7.92 % Total 3,504,440 3,852,137 9.92 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 1,165,199 1,193,754 2.45 % Lodging 878,048 989,795 12.73 % F & B 353,727 406,108 14.81 % Other 31,758 29,486 -7.16 % Total 2,428,733 2,619,143 7.84 % OUT OF TOWN Retail 459,850 543,017 18.09 % Lodging 158,077 184,263 16.57 % F & B 8,302 6,802 -18.07 % Utilities & Other 965,753 998,779 3.42 % Total 1,591,983 1,732,860 8.85 % 6/10/2014 12:55:24 PM 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 2013/2014 Sales TaxSki Season 2013/2014 Sales TaxSki Season 2013/2014 Sales TaxSki Season 2013/2014 Sales Tax TOTALTOTALTOTALTOTAL Ski SeasonSki SeasonSki Season 2012/2013 2013/2014 % Collections Collections Change Retail 4,850,503 5,285,023 8.96 % Lodging And Property Mgmt 5,626,961 6,334,461 12.57 % Food and Beverage 3,342,221 3,568,783 6.78 % Other 1,123,948 1,135,169 1.00 % Total 14,943,632 16,323,437 9.23 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY Ski SeasonSki SeasonSki Season 2012/2013 2013/2014 % Collections Collections Change RETAIL-FOOD 842,749 851,242 1.01 % RETAIL-LIQUOR 310,170 329,545 6.25 % RETAIL-APPAREL 737,423 807,106 9.45 % RETAIL-SPORT 2,103,187 2,297,588 9.24 % RETAIL-JEWELRY 142,381 145,845 2.43 % RETAIL-GIFT 52,466 33,606 -35.95 % RETAIL-GALLERY 37,512 34,867 -7.05 % RETAIL-OTHER 622,477 784,853 26.09 % RETAIL-HOME OCCUPATION 2,138 371 -82.66 % Total 4,850,503 5,285,023 8.96 % 6/10/2014 12:55:24 PM Page 2 of 2