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HomeMy WebLinkAbout2014_May_VBR Vail Business Review May 2014 July 15, 2014 The May Vail Business Review breaks down the four percent sales tax collected for May. Overall May sales tax increased 3.1% with Retail increasing 5.9%, Lodging increased 5.5%, Food and Beverage increased 2.2% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) decreased 1.6%. Excluding the Out of Town category, sales tax for the month of May was up 3.9%. 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 MayMayMayMay Sales Tax Newsletter May 2014 Sales TaxMay 2014 Sales TaxMay 2014 Sales TaxMay 2014 Sales Tax MayMayMay 2013 2014 % Collections Collections Change VAIL VILLAGE Retail 42,121 48,683 15.58 % Lodging 35,794 45,227 26.35 % F & B 81,474 84,669 3.92 % Other 1,084 891 -17.81 % Total 160,473 179,470 11.84 % LIONSHEAD Retail 10,673 9,666 -9.44 % Lodging 26,840 28,192 5.04 % F & B 26,173 25,284 -3.40 % Other 3,271 4,508 37.84 % Total 66,957 67,649 1.03 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 84,036 83,187 -1.01 % Lodging 22,710 17,987 -20.80 % F & B 35,352 36,264 2.58 % Other 5,191 4,647 -10.48 % Total 147,290 142,086 -3.53 % OUT OF TOWN Retail 62,339 69,349 11.24 % Lodging 2,710 1,485 -45.20 % F & B 9 0 -100.00 % Utilities & Other 123,833 121,171 -2.15 % Total 188,891 192,005 1.65 % 7/14/2014 8:05:46 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW MayMayMayMay Sales Tax Newsletter May 2014 Sales TaxMay 2014 Sales TaxMay 2014 Sales TaxMay 2014 Sales Tax TOTALTOTALTOTALTOTAL MayMayMay 2013 2014 % Collections Collections Change Retail 199,170 210,885 5.88 % Lodging And Property Mgmt 88,055 92,891 5.49 % Food and Beverage 143,009 146,217 2.24 % Other 133,378 131,217 -1.62 % Total 563,611 581,210 3.12 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY MayMayMay 2013 2014 % Collections Collections Change RETAIL-FOOD 65,305 63,236 -3.17 % RETAIL-LIQUOR 15,986 17,355 8.56 % RETAIL-APPAREL 19,579 21,178 8.17 % RETAIL-SPORT 17,902 22,001 22.90 % RETAIL-JEWELRY 6,464 6,409 -0.84 % RETAIL-GIFT 2,089 1,771 -15.21 % RETAIL-GALLERY 1,134 2,502 120.60 % RETAIL-OTHER 70,496 76,432 8.42 % RETAIL-HOME OCCUPATION 215 0 -100.00 % Total 199,170 210,885 5.88 % 7/14/2014 8:05:46 PM Page 2 of 2