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Home My WebLink About2015_March_1stQTR_VBR Vail Business Review March 2015 May 28, 2015 The March Vail Business Review breaks down the four percent sales tax collected for March and first quarter 2015. Overall March sales tax increased 6.8% with Retail increasing 7.3%, Lodging increased 9.0%, Food and Beverage increased 4.2% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) decreased 1.9%. Excluding the Out of Town category, sales tax for the month of March was up 7.8%. The first quarter resulted in an 5.4% increase overall with Retail increasing 4.4%, Lodging increased 7.2%, Food and Beverage increased 5.3% and Utilities/Other decreased 1.3%. Excluding the Out of Town category, first quarter sales tax is up 6.2%. 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 MarchMarchMarchMarch Sales Tax Newsletter March 2015 Sales TaxMarch 2015 Sales TaxMarch 2015 Sales TaxMarch 2015 Sales Tax MarchMarchMarch 2014 2015 % Collections Collections Change VAIL VILLAGE Retail 548,296 611,544 11.54 % Lodging 798,654 878,025 9.94 % F & B 596,795 621,077 4.07 % Other 19,623 23,076 17.60 % Total 1,963,368 2,133,722 8.68 % LIONSHEAD Retail 248,820 259,217 4.18 % Lodging 525,339 574,173 9.30 % F & B 160,990 159,324 -1.03 % Other 5,053 4,633 -8.31 % Total 940,202 997,347 6.08 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 220,230 231,511 5.12 % Lodging 247,127 264,487 7.02 % F & B 86,149 99,339 15.31 % Other 6,237 5,769 -7.50 % Total 559,743 601,106 7.39 % OUT OF TOWN Retail 93,923 90,013 -4.16 % Lodging 45,026 44,770 -0.57 % F & B 1,692 1,783 5.35 % Utilities & Other 184,647 177,989 -3.61 % Total 325,289 314,555 -3.30 % 5/27/2015 9:42:27 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW MarchMarchMarchMarch Sales Tax Newsletter March 2015 Sales TaxMarch 2015 Sales TaxMarch 2015 Sales TaxMarch 2015 Sales Tax TOTALTOTALTOTALTOTAL MarchMarchMarch 2014 2015 % Collections Collections Change Retail 1,111,269 1,192,284 7.29 % Lodging And Property Mgmt 1,616,146 1,761,454 8.99 % Food and Beverage 845,626 881,523 4.24 % Other 215,561 211,468 -1.90 % Total 3,788,602 4,046,729 6.81 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY MarchMarchMarch 2014 2015 % Collections Collections Change RETAIL-FOOD 158,808 168,694 6.23 % RETAIL-LIQUOR 68,188 72,841 6.82 % RETAIL-APPAREL 179,288 200,436 11.80 % RETAIL-SPORT 534,253 557,473 4.35 % RETAIL-JEWELRY 24,813 29,857 20.33 % RETAIL-GIFT 6,749 5,948 -11.86 % RETAIL-GALLERY 7,518 7,380 -1.83 % RETAIL-OTHER 131,598 149,594 13.68 % RETAIL-HOME OCCUPATION 55 62 12.51 % Total 1,111,269 1,192,284 7.29 % 5/27/2015 9:42:27 PM Page 2 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW March YTDMarch YTDMarch YTDMarch YTD Sales Tax Newsletter March YTD 2015 Sales TaxMarch YTD 2015 Sales TaxMarch YTD 2015 Sales TaxMarch YTD 2015 Sales Tax March YTDMarch YTDMarch YTD 2014 2015 % Collections Collections Change VAIL VILLAGE Retail 1,542,998 1,661,286 7.67 % Lodging 2,186,561 2,373,985 8.57 % F & B 1,660,718 1,783,399 7.39 % Other 46,789 59,288 26.71 % Total 5,437,066 5,877,958 8.11 % LIONSHEAD Retail 695,314 716,182 3.00 % Lodging 1,488,510 1,576,135 5.89 % F & B 461,094 447,494 -2.95 % Other 19,770 18,542 -6.21 % Total 2,664,688 2,758,354 3.52 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 657,000 663,707 1.02 % Lodging 737,388 782,048 6.06 % F & B 253,810 268,041 5.61 % Other 18,309 20,048 9.50 % Total 1,666,507 1,733,844 4.04 % OUT OF TOWN Retail 263,678 255,628 -3.05 % Lodging 140,413 147,005 4.69 % F & B 4,040 5,746 42.22 % Utilities & Other 573,710 552,138 -3.76 % Total 981,841 960,517 -2.17 % 5/27/2015 9:43:17 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW March YTDMarch YTDMarch YTDMarch YTD Sales Tax Newsletter March YTD 2015 Sales TaxMarch YTD 2015 Sales TaxMarch YTD 2015 Sales TaxMarch YTD 2015 Sales Tax TOTALTOTALTOTALTOTAL March YTDMarch YTDMarch YTD 2014 2015 % Collections Collections Change Retail 3,158,990 3,296,803 4.36 % Lodging And Property Mgmt 4,552,872 4,879,172 7.17 % Food and Beverage 2,379,662 2,504,680 5.25 % Other 658,578 650,017 -1.30 % Total 10,750,102 11,330,672 5.40 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY March YTDMarch YTDMarch YTD 2014 2015 % Collections Collections Change RETAIL-FOOD 465,467 483,263 3.82 % RETAIL-LIQUOR 196,055 215,929 10.14 % RETAIL-APPAREL 500,778 582,755 16.37 % RETAIL-SPORT 1,488,209 1,508,230 1.35 % RETAIL-JEWELRY 74,732 79,612 6.53 % RETAIL-GIFT 19,359 17,250 -10.89 % RETAIL-GALLERY 20,542 23,276 13.31 % RETAIL-OTHER 393,683 386,303 -1.87 % RETAIL-HOME OCCUPATION 165 186 12.51 % Total 3,158,990 3,296,803 4.36 % 5/27/2015 9:43:18 PM Page 2 of 2