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HomeMy WebLinkAbout2015_June_2nd Qtr_VBR Vail Business Review June 2015 August 12, 2015 The June Vail Business Review breaks down the four percent sales tax collected for June and year to date through June. Overall June sales tax increased 7.0% with Retail increasing 6.0%, Lodging increased 8.6%, Food and Beverage increased 8.8% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) increased 1.0%. Excluding the Out of Town category, sales tax for the month of June was up 7.4%. The ski season resulted in a 5.3% increase overall with Retail increasing 5.1%, Lodging increased 7.9%, Food and Beverage increased 4.6% and Utilities/Other decreased 4.3%. Excluding the Out of Town category, year to date sales tax is up 6.4%. 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 JuneJuneJuneJune Sales Tax Newsletter June 2015 Sales TaxJune 2015 Sales TaxJune 2015 Sales TaxJune 2015 Sales Tax JuneJuneJune 2014 2015 % Collections Collections Change VAIL VILLAGE Retail 133,943 136,844 2.17 % Lodging 136,441 157,271 15.27 % F & B 218,031 253,388 16.22 % Other 2,654 2,814 6.04 % Total 491,069 550,318 12.07 % LIONSHEAD Retail 36,684 42,892 16.92 % Lodging 92,575 96,427 4.16 % F & B 69,331 63,646 -8.20 % Other 4,152 4,325 4.17 % Total 202,742 207,290 2.24 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 122,887 128,945 4.93 % Lodging 59,035 59,289 0.43 % F & B 61,050 62,638 2.60 % Other 6,696 5,110 -23.68 % Total 249,667 255,982 2.53 % OUT OF TOWN Retail 87,058 94,577 8.64 % Lodging 4,948 5,336 7.83 % F & B 2,660 2,344 -11.90 % Utilities & Other 115,521 118,088 2.22 % Total 210,187 220,345 4.83 % 8/12/2015 1:09:33 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW JuneJuneJuneJune Sales Tax Newsletter June 2015 Sales TaxJune 2015 Sales TaxJune 2015 Sales TaxJune 2015 Sales Tax TOTALTOTALTOTALTOTAL JuneJuneJune 2014 2015 % Collections Collections Change Retail 380,572 403,259 5.96 % Lodging And Property Mgmt 292,998 318,323 8.64 % Food and Beverage 351,072 382,015 8.81 % Other 129,022 130,338 1.02 % Total 1,153,665 1,233,935 6.96 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY JuneJuneJune 2014 2015 % Collections Collections Change RETAIL-FOOD 97,087 100,657 3.68 % RETAIL-LIQUOR 30,820 34,150 10.81 % RETAIL-APPAREL 65,647 75,085 14.38 % RETAIL-SPORT 60,825 52,467 -13.74 % RETAIL-JEWELRY 16,709 14,394 -13.85 % RETAIL-GIFT 4,423 3,422 -22.63 % RETAIL-GALLERY 2,903 2,942 1.32 % RETAIL-OTHER 102,124 120,112 17.61 % RETAIL-HOME OCCUPATION 35 29 -15.88 % Total 380,572 403,259 5.96 % 8/12/2015 1:09:33 PM Page 2 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW June YTDJune YTDJune YTDJune YTD Sales Tax Newsletter June YTD 2015 Sales TaxJune YTD 2015 Sales TaxJune YTD 2015 Sales TaxJune YTD 2015 Sales Tax June YTDJune YTDJune YTD 2014 2015 % Collections Collections Change VAIL VILLAGE Retail 1,918,075 2,088,933 8.91 % Lodging 2,527,938 2,767,478 9.48 % F & B 2,192,064 2,358,308 7.58 % Other 60,589 72,996 20.48 % Total 6,698,666 7,287,714 8.79 % LIONSHEAD Retail 820,425 851,224 3.75 % Lodging 1,712,424 1,837,320 7.29 % F & B 616,906 598,467 -2.99 % Other 30,924 31,278 1.14 % Total 3,180,679 3,318,288 4.33 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 985,991 1,000,618 1.48 % Lodging 849,888 886,089 4.26 % F & B 392,771 391,154 -0.41 % Other 33,970 32,502 -4.32 % Total 2,262,619 2,310,363 2.11 % OUT OF TOWN Retail 509,573 506,911 -0.52 % Lodging 153,760 168,592 9.65 % F & B 7,524 9,233 22.72 % Utilities & Other 980,152 920,991 -6.04 % Total 1,651,009 1,605,726 -2.74 % 8/12/2015 1:13:14 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW June YTDJune YTDJune YTDJune YTD Sales Tax Newsletter June YTD 2015 Sales TaxJune YTD 2015 Sales TaxJune YTD 2015 Sales TaxJune YTD 2015 Sales Tax TOTALTOTALTOTALTOTAL June YTDJune YTDJune YTD 2014 2015 % Collections Collections Change Retail 4,234,065 4,447,685 5.05 % Lodging And Property Mgmt 5,244,010 5,659,478 7.92 % Food and Beverage 3,209,264 3,357,161 4.61 % Other 1,105,635 1,057,767 -4.33 % Total 13,792,973 14,522,091 5.29 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY June YTDJune YTDJune YTD 2014 2015 % Collections Collections Change RETAIL-FOOD 719,622 747,431 3.86 % RETAIL-LIQUOR 277,463 304,636 9.79 % RETAIL-APPAREL 661,217 772,454 16.82 % RETAIL-SPORT 1,729,651 1,737,034 0.43 % RETAIL-JEWELRY 107,975 113,064 4.71 % RETAIL-GIFT 28,662 25,884 -9.69 % RETAIL-GALLERY 29,107 31,044 6.65 % RETAIL-OTHER 680,099 715,865 5.26 % RETAIL-HOME OCCUPATION 269 273 1.58 % Total 4,234,065 4,447,685 5.05 % 8/12/2015 1:13:14 PM Page 2 of 2