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HomeMy WebLinkAbout2.e. 2014 Jazz Festival Recap overallEvent Recap | 20th Anniversary Vail Jazz Festival Commission on Special Events October 1, 2014 Photo by Jack Affleck 20th Anniversary Vail Jazz Festival | June 22 – September 1, 2014 The Vail Jazz Foundation Office: 970.479.6146 Mobile: 970.471.0021 vjf@vailjazz.org 2 Town of Vail | CSE | 10.1.14 Robin Litt Executive Director Owen Hutchinson Development Manager Christin Fergus-Jean Operations/Marketing Manager Vail Jazz Festival Overview 3 Town of Vail | CSE | 10.1.14 •46 performances plus 10 educational programs •12 week festival season (June 22 – Sept 1, 2014) •5 distinct concert series •Jazz @ The Market | 10 Sundays | local and regional acts - FREE •Jazz @ Kelly Liken | 10 Sundays | club series - FREE •Jazz @ Vail Square | 9 Thursdays | international touring artists •Jazz After | partnership with Bravo! Vail | 3 shows • Vail Jazz Party | 11 performances | international touring artists PLUS 4th of July Parade, Documentary Screening & 20th Anniversary Celebration Dinner featuring Tony DeSare Vail Brand Compatibility “Premier International Mountain Resort Community” 4 Town of Vail | CSE | 10.1.14 •Internationally acclaimed, recognizable jazz artists presented throughout the entirety of the summer: Poncho Sanchez, Marcia Ball, Curtis Stigers, John Pizzarelli, Monty Alexander •Variety of genres and styles presented to attract new attendees and a wide range of demographics •Exquisite, engaging indoor and outdoor venues throughout Vail Village and Lionshead. •Compelling educational programs that are largely integrated into the performance environment: •Jammin’ Jazz Kids (expanded to 9 sessions in 2014) •Vail Jazz Workshop – the nation’s pre-eminent jazz education program – 10 days; 12 students •Multi-Media Tributes throughout Vail Jazz Party •Documentary Screening of Keep On Keepin’ On Event Strengths & Weaknesses 5 Town of Vail | CSE | 10.1.14 STRENGTHS •Celebration of 20th Anniversary elevated reputation and awareness •Attendance on steady rise •Marketing graphics enhanced •Continued growth of festival – additions in 2014 •Expanded Jammin’ Jazz Kids •Float in July 4th Parade •20th Anniversary Celebration •Documentary screening during Vail Jazz Party •Frequently sold out performances WEAKNESS •Attracting corporate sponsors Event Budget 6 Town of Vail | CSE | 10.1.14 Total event budget: $500,814 CSE funds: $70,600 from Town Council Profit and loss: $0 Funding utilization: festival talent for 45 performances In-kind sponsorship: $44,579 Cash sponsorship: $53,500 plus $108,000 in business and foundation grants Estimated Results* Attendance Numbers 7 Town of Vail | CSE | 10.1.14 * Based on 2014 survey results Estimated attendance: 20,000+ •25 ticketed performances •21 FREE performances 92% over Labor Day Weekend came only because of Vail Jazz 2/3 of attendees throughout the summer have attended a previous Vail Jazz concert 75% Vail Jazz Party are past attendees •Over 50% have attended 4 years or more •154 deposits for next year’s Vail Jazz Party Estimated Results* Demographic Profile 8 Town of Vail | CSE | 10.1.14 * Based on 2014 survey results Summer: 42% out of town 29% seasonal resident 15% Vail local 14% down valley / day visitor Vail Jazz Party: 53% out of town 25% seasonal 13% Vail local 9% down valley / day visitor under 24 8% 25-34 15% 35-44 12% 45-54 18% 55-64 25% 65+ 22% Age of Attendees by % Estimated Results* Demographic Profile 9 Town of Vail | CSE | 10.1.14 * Based on 2014 survey results Primary Markets | Colorado: Vail, Denver, Co Springs, Ft Collins California Texas New York Florida Education Level | 11% | some college 37% | college graduate 51% | post graduate degree 88% undergraduate degree or higher Under $30,000 3% $30,000 - $49,999 6% $50,000 - $74,999 9% $75,000 - $99,999 19% $100,000 - $149,999 20% $150,000 - $199,999 13% $200,000 - $249,999 11% Over $250,000 19% Earning Level of Attendees 63% earn $100,000 or more Estimated Results* Event Attendee Estimated Spending 10 Town of Vail | CSE | 10.1.14 Vail Jazz Party | 85% attendees stayed in Town of Vail Estimated room nights | •90 rooms | artists during summer •563 Vail Jazz Party at Marriott (guests & artists) •Plus FIT guests throughout summer Lodging call to action for Labor Day: Marriott, Lions Square, Antlers, Vail Spa Average per day spending for Vail Jazz Party guests | $250/pp * Based on survey results. Estimated Return on Investment (ROI)* 11 Town of Vail | CSE | 10.1.14 •Spending over summer by Vail Jazz attendees in TOV | $3,832,019 •Ratio of increased revenue to amount of funding received | 53 to 1 •$53 ROI for each dollar invested, based on funding of $70,600 in 2014 •Sales tax revenue generated by event and accrued to Town of Vail including sales and lodging tax | $142,284 * Based on survey results. Visitor Intent to Return* 12 Town of Vail | CSE | 10.3.14 SUMMER GUESTS | 82% DEFINITELY plan to return next year 86% DEFINITELY would recommend the event to family/ friends VAIL JAZZ PARTY ATTENDEES | 92% DEFINITELY plan to return next year 97% DEFINITELY would recommend the event to family/ friends * Based on survey results. Topline Marketing Efforts 2014 Campaign 13 1.Spread focus to front range: 5280 and KUVO 2.Attract younger audience: Red Baraat, Tony DeSare and groups with a younger sound 3.More word of mouth locally: hand bills, flyers, concierge outreach 4.Exciting, energized looking graphics 14 Town of Vail 15 Topline Marketing Efforts Online Presence Page Views 77,192 + 62% Sessions 28,359 + 44% Users 18,850 + 39% New Sessions 65% - 5% Average Session 2m24sec + 11% vailjazz.org in the past year... Carefully curated content pushed out daily on: 2014 Statistics Variance from 2013 Community Contribution 16 Town of Vail | CSE | 10.1.14 Impact on Vail’s sense of community -Lionshead Merchants partnership -Established “place to be” for Thursday nights – destination for Vail and down valley residents in Lionshead for 9 live shows -Vitality that draws guests in to tent at Farmers’ Market -Interactive programming at Market brings multi-generational attendance -Vail Jazz Workshop | 12 students reside in Vail homes for 10-day residency -Vail Jazz Ambassadors | over 700 hours by 60+ local and part time residents Sustainability Efforts Green Measures 17 Town of Vail | CSE | 10.1.14 Vail Jazz partners with venues to produce environmentally conscious events. Recycling efforts expanded at Vail Square, Marriott, Farmers’ Market and continue at Kelly Liken and Larkspur. Office recycling program. Pursuing Actively Green 2015 designation. 18 Town of Vail | CSE | 10.1.14 Key Partnerships Bravo! Vail Joint concert at Ford Amphitheater June 28th – John Pizzarelli and Dallas Symphony Orchestra (attendance: 2800): Three Jazz After shows co- presented with Bravo! Vail Vail Symposium Jointly presented Keep On Keepin’ On Friday, Aug. 29th as part of Vail Jazz Party (attendance: 100) Vail Recreation District 5 educational programs: Jammin’ Jazz Kids on Mondays and at Camp Vail 19 Town of Vail | CSE | 10.1.14 What they’re saying… “It gets better each year. You continually impress us with the talent you are able to bring to Vail.” – Jazz @ Vail Square attendee “Can’t think of anything I can suggest you improve – don’t change a thing… unless you can improve the weather!” – Vail Jazz Party attendee “We have no complaints about the performance. It was amazing and we love the intimate venue.” – Jazz After attendee “I loved it. One of the best run and professional jazz festivals. Kind and thoughtful staff, beautiful setting, smart and swinging programming, great accommodations, warm and welcoming audience. You don’t have this experience at many other jazz events!” – Vail Jazz Party artist 20 Town of Vail | CSE | 10.1.14 Thank you to the Town of Vail for supporting Vail Jazz! Questions? VA I L  JA Z Z  20 1 4  AT T E N D E E  SP E N D I N G ME T H O D O L O G Y   PE R  EV E N T   CA L C U L A T I O N  OF   AT T E N D A N C E ME T H O D O L O G Y  FO R   AT T E N D A N C E  ES T I M A T E TO T A L  SU M M E R   AT T E N D A N C E EV E N T OF  SH O W S AS S U M P T I O N  DA I L Y   SP E N D   SU B  TO T A L  TO T A L  REVENUE PER LINE TAX GENERATEDSUB TOTAL PLUS VLMD TAXLODGING TAX 28 0 0 10 0 0 / E V E N T 35 0  SE A T S  TU R N  1.5  TI M E S  PL U S  CA F É  SE A T I N G   AN D  PE R I M E T E R   AT T E N D E E S 90 0 0 Ja z z  @ Va i l  Sq u a r e 9 ev e n t s 6 5 %  sp e n d 1 5 0 . 0 0 $         877,500.00 $                   35,100.00$       15 0 so l d  ou t 15 0 20 t h  An n i v  Ce l e b r a t i o n 1 ev e n t 5 0 %  sp e n d 5 0 . 0 0 $             3,750.00 $                           150.00$            30 0 / E V E N T 10 0  SE A T S  (a n d   su r r o u n d i n g s )  TU R N  3  TI M E S   30 0 0 Ja z z  @ Th e  Ma r k e t 10  ev e n t s 5 0 %  sp e n d 7 5 . 0 0 $             112,500.00 $                   4,500.00$         12 5 / E V E N T 12 5  SE A T S  ‐   RE S T A U R A N T   IS  FU L L  ON  SU N D A Y   NI G H T S 12 5 0 Ja z z  @ Ke l l y  Li k e n 10  ev e n t s 1 0 0 %  sp e n d 2 0 0 . 0 0 $         250,000.00 $                   10,000.00$       12 5 / E V E N T SO L D  OU T  EV E N T S 37 5 Ja z z  Af t e r 3 ev e n t s 1 0 0 %  sp e n d 1 5 0 . 0 0 $         56,250.00 $                       2,250.00$         30 0 0 SE A T I N G  ES T I M A T E  PE R   BR A V O 30 0 0 Br a v o !  Va i l 1 ev e n t 7 5 %  sp e n d 2 0 0 . 0 0 $         450,000.00 $                   18,000.00$       47 5 X 4  DA Y T I M E   SH O W S ;  50 0 X  3  EV E  SH O W S  pl u s   10 0   do c u m e n t a r y / a l u mn i  ja m 47 5 X 4  DA Y T I M E  SH O W S ;   50 0 X  3 EV E  SH O W S 28 0 0 Va i l  Ja z z  Pa r t y 9 ev e n t s   ov e r  5  da y s 75 %  sp e n d 2 0 0 . 0 0 $         1,680,000.00 $           67,200.00$       21 4 2 1 4 ar t i s t  lo d g i n g 12 9 . 0 0 $         20,253.00 $                       TAX EXEMPTTAX EXEMPT 10 0 1 0 0 ar t i s t  sh o p p i n g ,  F& B  an d   ac t i v i t y  ‐   VJ P 5 da y s 5 0 . 0 0 $             25,000.00 $                       1,000.00$         43 9 lo d g i n g  ro o m  ni g h t s  at   Ma r r i o t t    ‐   Va i l  Ja z z  Pa r t y 43 9 ac t u l a i z e d  FI T  ro o m  ni g h t s   fo r  La b o r  Da y  We e k e n d   Ma r i o t t  ON L Y 10 0 %  ro o m s   ac t u a l i z e d 12 9 . 0 0 $         56 , 6 3 1 $       56,631.00 $                       793$                 57,423.83$    3,100.89$         LO D G I N G  TA X  ON  VJ P  FI T   ON L Y 3,101$               ti c k e t  sa l e s  ‐   AL L  SU M M E R  EV E N T S  IN  VA I L 150,000.00 $                   12 5 9 5 J@ V S  ar t i s t  sp e n d i n g 50 . 0 0 $             4,750.00 $                           190.00$            qu a n t i f i a b l e  es t i m a t e 4t h  of  Ju l y  Pa r a d e no  ad d ' l  sp e n d i n g  as s u m e d 10 0 10 0  pe r  ni g h t  x 3 ev e n t s 30 0 La t e  Ni g h t  Ja m s 3n o  ad d ' l  sp e n d i n g  as s u m e d 20 7 2 3 S U B T O T A L 142,284$          re v i s e d  9/ 2 4 / 1 4 3,686,634.00 $           3,832,019$       RO I  to  TO V 53 . 2 8 $                   ra t i o 5 3  to  1 REVENUES Admissions and Production Fees $175,000 Sponsorships/Program Ad Sales $48,000 Contributions $421,924 Program Ad Sales $18,200 Merchandise Sales $15,000 Silent Auction $15,000 Other Fees $11,120 Interest $100 TOTAL REVENUES $704,344 EXPENSES JAZZ FESTIVAL Artists & Production Expenses $352,364 Advertising/Marketing/P.R.$47,450 Allocated Administrative Overhead $101,000 SUBTOTAL $500,814 EDUCATIONAL PROGRAMS Jazz Goes to School $24,050 Vail Jazz Workshop $47,450 Summer Program $2,900 Allocated Administrative Overhead $41,000 SUBTOTAL $115,400 ADMINISTRATIVE EXPENSES Fundraising $22,000 Administration $66,130 SUBTOTAL $88,130 TOTAL EXPENSES $704,344 TOTAL REVENUES MINUS EXPENSES $0 Current Fiscal Year Budget Year Ending October 31, 2014 Statement of Sources and Uses THE VAIL JAZZ FOUNDATION, INC.