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HomeMy WebLinkAbout2014_July_VBR Vail Business Review July 2014 September 10, 2014 The July Vail Business Review breaks down the four percent sales tax collected for July. Overall July sales tax increased 7.7% with Retail increasing 5.7%, Lodging increased 13.6%, Food and Beverage increased 7.8% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) decreased 4.1%. Excluding the Out of Town category, sales tax for the month of July was up 9.2%. 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 JulyJulyJulyJuly Sales Tax Newsletter July 2014 Sales TaxJuly 2014 Sales TaxJuly 2014 Sales TaxJuly 2014 Sales Tax JulyJulyJuly 2013 2014 % Collections Collections Change VAIL VILLAGE Retail 262,206 286,431 9.24 % Lodging 217,599 254,429 16.93 % F & B 354,754 368,578 3.90 % Other 9,382 7,545 -19.59 % Total 843,942 916,982 8.65 % LIONSHEAD Retail 72,981 80,431 10.21 % Lodging 135,310 152,825 12.94 % F & B 92,290 113,983 23.51 % Other 3,118 4,128 32.38 % Total 303,700 351,366 15.70 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 167,519 173,018 3.28 % Lodging 80,253 84,484 5.27 % F & B 58,792 62,851 6.90 % Other 6,746 6,565 -2.69 % Total 313,311 326,918 4.34 % OUT OF TOWN Retail 77,868 73,972 -5.00 % Lodging 7,520 8,976 19.37 % F & B 996 972 -2.39 % Utilities & Other 107,847 103,685 -3.86 % Total 194,231 187,606 -3.41 % 9/10/2014 7:36:43 AM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW JulyJulyJulyJuly Sales Tax Newsletter July 2014 Sales TaxJuly 2014 Sales TaxJuly 2014 Sales TaxJuly 2014 Sales Tax TOTALTOTALTOTALTOTAL JulyJulyJuly 2013 2014 % Collections Collections Change Retail 580,574 613,851 5.73 % Lodging And Property Mgmt 440,682 500,714 13.62 % Food and Beverage 506,833 546,384 7.80 % Other 127,094 121,922 -4.07 % Total 1,655,183 1,782,872 7.71 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY JulyJulyJuly 2013 2014 % Collections Collections Change RETAIL-FOOD 139,459 143,125 2.63 % RETAIL-LIQUOR 43,235 47,207 9.19 % RETAIL-APPAREL 123,160 131,111 6.46 % RETAIL-SPORT 115,087 120,904 5.05 % RETAIL-JEWELRY 31,577 32,118 1.72 % RETAIL-GIFT 6,135 6,657 8.51 % RETAIL-GALLERY 11,809 13,337 12.94 % RETAIL-OTHER 109,853 119,393 8.68 % RETAIL-HOME OCCUPATION 261 0 -100.00 % Total 580,574 613,851 5.73 % 9/10/2014 7:36:43 AM Page 2 of 2