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HomeMy WebLinkAbout2015_January_VBR Vail Business Review January 2015 March 12, 2015 The January Vail Business Review breaks down the four percent sales tax collected for January. Overall January sales tax increased 4.1% with Retail increasing 2.3%, Lodging increased 5.6%, Food and Beverage increased 5.4% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) decreased 1.4%. Excluding the Out of Town category, sales tax for the month of January was up 5.1%. Electronic filing and payment of Vail sales tax is now an option. Please visit www.vailgov.com/epay 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 Kathleen Halloran at (970) 479-2116. Sincerely, Sally Lorton Sales Tax Administrator TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW JanuaryJanuaryJanuaryJanuary Sales Tax Newsletter January 2015 Sales TaxJanuary 2015 Sales TaxJanuary 2015 Sales TaxJanuary 2015 Sales Tax JanuaryJanuaryJanuary 2014 2015 % Collections Collections Change VAIL VILLAGE Retail 513,093 533,813 4.04 % Lodging 695,600 736,191 5.84 % F & B 532,248 575,868 8.20 % Other 14,327 22,150 54.60 % Total 1,755,268 1,868,022 6.42 % LIONSHEAD Retail 221,381 235,550 6.40 % Lodging 462,263 500,227 8.21 % F & B 153,172 149,305 -2.52 % Other 7,522 6,523 -13.28 % Total 844,338 891,604 5.60 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 217,186 214,447 -1.26 % Lodging 230,269 232,203 0.84 % F & B 83,685 83,891 0.25 % Other 5,906 7,759 31.37 % Total 537,046 538,299 0.23 % OUT OF TOWN Retail 87,841 79,998 -8.93 % Lodging 53,862 53,630 -0.43 % F & B 1,146 2,736 138.68 % Utilities & Other 203,744 191,802 -5.86 % Total 346,593 328,167 -5.32 % 3/12/2015 9:13:35 AM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW JanuaryJanuaryJanuaryJanuary Sales Tax Newsletter January 2015 Sales TaxJanuary 2015 Sales TaxJanuary 2015 Sales TaxJanuary 2015 Sales Tax TOTALTOTALTOTALTOTAL JanuaryJanuaryJanuary 2014 2015 % Collections Collections Change Retail 1,039,501 1,063,808 2.34 % Lodging And Property Mgmt 1,441,995 1,522,250 5.57 % Food and Beverage 770,251 811,800 5.39 % Other 231,499 228,234 -1.41 % Total 3,483,245 3,626,092 4.10 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY JanuaryJanuaryJanuary 2014 2015 % Collections Collections Change RETAIL-FOOD 152,925 153,305 0.25 % RETAIL-LIQUOR 62,335 70,257 12.71 % RETAIL-APPAREL 160,417 189,103 17.88 % RETAIL-SPORT 476,121 498,744 4.75 % RETAIL-JEWELRY 22,867 21,944 -4.03 % RETAIL-GIFT 6,347 6,279 -1.07 % RETAIL-GALLERY 8,777 6,913 -21.23 % RETAIL-OTHER 149,658 117,262 -21.65 % RETAIL-HOME OCCUPATION 55 0 -100.00 % Total 1,039,501 1,063,808 2.34 % 3/12/2015 9:13:35 AM Page 2 of 2