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HomeMy WebLinkAbout2015_December_YTD_VBR Vail Business Review December 2015 February 15, 2016 The December Vail Business Review breaks down the four percent sales tax collected for December and the year. Overall December sales tax increased 1.6% with Retail decreasing 4.0%, Lodging increased 6.4%, Food and Beverage increased 3.3% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) increased 1.4%. Excluding the Out of Town category, sales tax for the month of December was up 1.2%. The year resulted in an 5.2% increase overall with Retail increasing 3.8%, Lodging increased 8.2%, Food and Beverage increased 5.4% and Utilities/Other decreased 2.6%. Excluding the Out of Town category, 2015 sales tax is up 6.0%. 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 DecemberDecemberDecemberDecember Sales Tax Newsletter December 2015 Sales TaxDecember 2015 Sales TaxDecember 2015 Sales TaxDecember 2015 Sales Tax DecemberDecemberDecember 2014 2015 % Collections Collections Change VAIL VILLAGE Retail 772,124 706,515 -8.50 % Lodging 719,990 807,198 12.11 % F & B 528,673 545,287 3.14 % Other 12,860 17,914 39.30 % Total 2,033,647 2,076,913 2.13 % LIONSHEAD Retail 261,756 250,311 -4.37 % Lodging 437,785 462,069 5.55 % F & B 123,511 134,773 9.12 % Other 1,030 1,380 33.98 % Total 824,082 848,533 2.97 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 328,929 328,478 -0.14 % Lodging 218,497 196,520 -10.06 % F & B 67,709 63,745 -5.85 % Other 5,065 4,923 -2.81 % Total 620,200 593,666 -4.28 % OUT OF TOWN Retail 114,716 133,671 16.52 % Lodging 56,173 58,404 3.97 % F & B 1,630 1,675 2.81 % Utilities & Other 171,148 168,539 -1.52 % Total 343,667 362,290 5.42 % 2/13/2016 1:50:33 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW DecemberDecemberDecemberDecember Sales Tax Newsletter December 2015 Sales TaxDecember 2015 Sales TaxDecember 2015 Sales TaxDecember 2015 Sales Tax TOTALTOTALTOTALTOTAL DecemberDecemberDecember 2014 2015 % Collections Collections Change Retail 1,477,524 1,418,975 -3.96 % Lodging And Property Mgmt 1,432,445 1,524,190 6.40 % Food and Beverage 721,523 745,480 3.32 % Other 190,103 192,757 1.40 % Total 3,821,595 3,881,402 1.56 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY DecemberDecemberDecember 2014 2015 % Collections Collections Change RETAIL-FOOD 238,953 239,545 0.25 % RETAIL-LIQUOR 75,353 78,423 4.07 % RETAIL-APPAREL 233,029 235,489 1.06 % RETAIL-SPORT 611,208 597,795 -2.19 % RETAIL-JEWELRY 62,933 65,957 4.80 % RETAIL-GIFT 11,804 10,986 -6.93 % RETAIL-GALLERY 4,722 5,362 13.56 % RETAIL-OTHER 239,486 185,350 -22.61 % RETAIL-HOME OCCUPATION 34 67 98.88 % Total 1,477,524 1,418,975 -3.96 % 2/13/2016 1:50:33 PM Page 2 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW December YTDDecember YTDDecember YTDDecember YTD Sales Tax Newsletter December YTD 2015 Sales TaxDecember YTD 2015 Sales TaxDecember YTD 2015 Sales TaxDecember YTD 2015 Sales Tax December YTDDecember YTDDecember YTD 2014 2015 % Collections Collections Change VAIL VILLAGE Retail 3,594,355 3,758,375 4.56 % Lodging 3,999,709 4,423,507 10.60 % F & B 3,933,849 4,222,891 7.35 % Other 97,793 121,199 23.93 % Total 11,625,705 12,525,972 7.74 % LIONSHEAD Retail 1,344,220 1,376,328 2.39 % Lodging 2,517,699 2,715,769 7.87 % F & B 1,091,410 1,114,599 2.12 % Other 47,588 47,316 -0.57 % Total 5,000,916 5,254,011 5.06 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 1,961,220 2,000,511 2.00 % Lodging 1,354,792 1,399,227 3.28 % F & B 722,821 723,459 0.09 % Other 66,927 69,138 3.30 % Total 4,105,759 4,192,335 2.11 % OUT OF TOWN Retail 1,099,045 1,164,781 5.98 % Lodging 352,528 362,389 2.80 % F & B 14,490 14,233 -1.78 % Utilities & Other 1,693,893 1,619,633 -4.38 % Total 3,159,956 3,161,036 0.03 % 2/13/2016 1:51:35 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW December YTDDecember YTDDecember YTDDecember YTD Sales Tax Newsletter December YTD 2015 Sales TaxDecember YTD 2015 Sales TaxDecember YTD 2015 Sales TaxDecember YTD 2015 Sales Tax TOTALTOTALTOTALTOTAL December YTDDecember YTDDecember YTD 2014 2015 % Collections Collections Change Retail 7,998,839 8,299,995 3.76 % Lodging And Property Mgmt 8,224,727 8,900,893 8.22 % Food and Beverage 5,762,571 6,075,181 5.42 % Other 1,906,200 1,857,286 -2.57 % Total 23,892,337 25,133,355 5.19 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY December YTDDecember YTDDecember YTD 2014 2015 % Collections Collections Change RETAIL-FOOD 1,462,585 1,517,022 3.72 % RETAIL-LIQUOR 473,730 515,322 8.78 % RETAIL-APPAREL 1,352,350 1,522,800 12.60 % RETAIL-SPORT 2,798,199 2,785,053 -0.47 % RETAIL-JEWELRY 264,738 277,496 4.82 % RETAIL-GIFT 69,502 56,769 -18.32 % RETAIL-GALLERY 63,428 52,797 -16.76 % RETAIL-OTHER 1,513,798 1,572,136 3.85 % RETAIL-HOME OCCUPATION 509 601 18.00 % Total 7,998,839 8,299,995 3.76 % 2/13/2016 1:51:36 PM Page 2 of 2