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HomeMy WebLinkAboutVail Econ Summer 2015 Grid Summary FINAL Attachment: Vail Economic Indicators Table Town of Vail Summer 2015 Economic Indicators Summary (Based on data: May 1 - October 31, 2015) INTRODUCTION: This summary is provided as a part of the Town of Vail 2015 Economic Development Strategic Plan and introduces a summary report of Vail Economic Indicators representing summer 2015 (May - October) seasonal view and is supported by a more granular chart (attached). It is published twice annually as soon as practical after the data has become available, is limited in scope by the availability of data from secondary sources and is believed to be generally accurate, but not independently verified. Tourism Vail’s 2015 summer season experienced growth in most tourism indicators, but at a somewhat lesser rate than previous several years and that of the broader mountain town competitive set. During the 2015 summer season, Vail experienced a slight increase in occupancy (+2.8%) as well as in average daily rate (+5.0%) resulting in an increase in overall lodging revenue (+8.0%), which correlates to destination guest visitation. This increase in occupancy (to 44.3%) and average daily rate (to $199) represent the highest levels since this measurement system was established. According to Vail’s Daily Occupancy Report (produced by DestiMetrics), roughly 13 weekends (or 48.1% of weekends) in the summer season were at an occupancy of 70% or higher with 8 of those weekends at between 85% and 95% occupancy, which is an early sign of limited supply of inventory to accommodate post- recession growth in demand., The result of which drove up rates during peak times. However summer’s ADR ($199) is only 40% of the winter ADR ($492), so while summer occupancies are nearly the same, related revenues are substantially less during summer months. Comparatively, other U.S. western mountain resorts (based on overall DestiMetrics industry data), increased both occupancy (+11.6%) and rate (+4.6%) and achieved an increase in total revenue per available room (+16.7%), which outperformed Vail’s increase (+8.0%). However Vail’s overall occupancy (44.3%) and ADR ($199) were significantly higher than the industry’s overall occupancy (25.3%) and ADR ($143). Other metrics to note are gasoline prices, which declined significantly (-25.6%) over the previous summer, contributing to the increase in Tunnel Traffic (+4%). Deplanements at Eagle County Regional Airport, which had consistent capacity in recent years, decreased (-10.0%) somewhat from last season. A variety of special events took place during the summer months, but (due to recent changes in attendance counting methodology by a third party firm), year over year comparisons are of little merit for many events such as Vail Farmers Market, Gourmet on Gore, the GoPro Mountain Games, Oktoberfest and Vail Restaurant Week. Others that have consistent attendance measurements saw a decline in visitors, such as performances at the Gerald R Ford Amphitheater (-16.0%), likely due to the rain that occurred on many of the dates. There were 4 new “Education and Enrichment” events that took place, which accounted for 2,174 attendees. Real Estate This season’s real estate indicators show a slight increase in number of transactions (+3.0%) and a significant increase in average sale price per transaction (+12.8%) with total gross sales increasing (+18.6%). Average price per square foot increased slightly (+3.2%) as well. Vail’s real estate market has been steadily improving since its lowest point in the summer of 2011 with season over season increases in total gross sales increases ranging from +10% to +49%. Town Revenues Sales Tax is segmented by business type (retail, lodging and food/beverage) and further broken down geographically by Vail neighborhoods. Excluding out of town collections, all segments combined showed a strong increase in overall summer sales tax revenue (+5.7%) following the previous record breaking summer season’s sales tax revenue, which had increased (+7.6%). Specifically, lodging (+8.8%) and food and beverage (+7.2%) tax collections each saw a higher year over year increase than retail sales (+5.3%). When segmented by neighborhood, Vail Village experienced larger increases overall (+9.0%) compared to Lionshead (+6.3%) and Cascade/Sandstone/East & West Vail (+3.7%). A study conducted by DestiMetrics shows that the average of taxable sales at comparable ski towns was also up season-over-season although with slightly larger increases in both lodging sales (+11.8%) and total taxable sales (+8.6%) based on data as of the end of September. Other Tax Collections by the Town of Vail include construction use tax, property tax and real estate transfer tax and are reported on a calendar-year basis. As a result, these taxes do not correlate with the seasonal indicators above. Attachment: Vail Economic Indicators Table Business Growth Business Growth is based on broader county and national indicators, many of which are tracked on an annual basis, lag significantly and have just been updated for the 2014 calendar year. While not as current and telling of the current market conditions, the Business Growth indicators show a steadying economy as evidenced by the total 2014 amount of banking deposits (USD) increased from 2013 (+8.6%). Macro Economics The broader economic conditions have a significant impact on determining consumers’ discretionary spending and leisure habits, which in turn significantly impact Vail’s economic performance. Though there are global challenges, nationally and regionally, economic conditions have been favorable these past several years and a positive influence in summer 2015, which was not impacted by what we now know to be more recent economic domestic and global volatility. Among positive anomalies is a dramatic and ongoing drop in Oil prices, while the strength of the US dollar may be creating both consumer and travel disruptions. (1) Consumer Confidence has spent the past six months above or around the emotionally significant 100-point mark. As in prior reports, confidence is being driven primarily by job creation and other stable factors of the employment market. However, though earnings are increasing at a rate relative to inflation, they have lagged for most of the past five years, impacting discretionary income and perhaps being reflected in some signs of a rate-tolerance ceiling in the lodging industry. (2) Job Creation & Unemployment continue to be the strongest part of the economic / consumer engine. Employers added an average of 223,000 jobs during summer 2015, down moderately from the prior six months, but continuing a record 63-month streak of job creation, during which an average of 201,000 jobs have been added per month. Earnings continue to be a problem for the working consumer and employers are only now beginning to increase wages commensurate to, or higher than, the inflation rate. (3) Wall Street and other domestic financial markets have shown their vulnerability in recent months, and the end of summer 2015 incl uded a dramatic -9.6 percent / -1,800-point adjustment in August and September from which they have yet to recover. Driven by concerns about global marketplaces, particularly China, this is the first real check in financial markets in 36 months and has triggered some changes in consumer spending on higher- end purchases, something also being reflected in mountain town lodging data. (4) Foreign Exchange Rates have increased dramatically for visitors wishing to travel to the US from other countries as the US dollar is proving the dominant global currency. During summer 2015, the Canadian dollar was trading 19 percent lower against the US dollar than in summer 2014, while the Euro was trading 17 percent lower. When calculated with increased year over year lodging rates, the impact on foreign travelers to US destinations is anecdotally significant, while domestic markets can also expect some customer bleed abroad as international travel becomes more accessible to a broader group of Americans. The exchange rate anomalies being experienced in Canada and the Eurozone are also evident in Mexico and Central / South America, where double-digit declines in currencies versus the US dollar are negatively impacting travel trade. The emergence of the Zica virus centered in this region is likely to have further negative impact on economies of the region. (5) Gross Domestic Product for the summer crosses to financial quarters, and increased by 3.9 percent in Q2 2015 and 2.0 percent in Q3 2015. Both of these increases were in line with expectations, including the slowing in Q3. Strong job creation, robust financial markets and increasingly productive manufacturing and construction sectors all contributed to the gains. Of note is the immediate decline in Q4 2015 to 0.7 percent, though this was also in-line with expectations. (5) Conclusion: During Summer 2015, the economics that impact discretionary spending, have softened slightly and tilted to a slightly more cautionary tone. Though the domestic economy is sound, the US relationship to global markets is overpowering, resulting in a currency disparity making domestic markets unappealing to foreign investors (i.e. – international travelers) and at the same time enticing domestic travelers to take advantage of opportunities abroad. The previously-cited ‘travel export deficit’ is now clearly evident in visitation from outside the US and foreign markets are consistently reporting increases in visitation by US travelers, creating a gap in our customer base that may be creating some of the challenges now evident in the mountain travel industry at peak price and occupancy points. This foundational data set and summary will be further updated and expanded upon twice annually, taking its place among the tools available to better inform the Town staff, its various committees and the public it serves. Ralf Garrison Director, DestiMetrics LLC Data provided were collected by the TOV and DestiMetrics in Jan. 2009 and updated in June 2015 from a variety of secondary sources, which are thought to be accurate, but not independently verified and best used as a general overview as a result. Indicator Source Focus Study Report Date ('04-'05)Data ('04-'05)Report Date ('05- '06)Data ('05-'06)Report Date ('06- '07)Data ('06-'07)Report Date ('07- '08)Data ('07-'08)Report Date ('08- '09)Data ('08-'09)Report Date ('09- '10)Data ('09-'10)Report Date ('10- '11)Data ('10-'11)Report Date ('11- '12)Data ('11-'12)Report Date ('12- '13)Data ('12-'13)Report Date ('13- '14)Data ('13-'14)Report Date ('14- '15)Data ('14-'15) Winter (November '04 - April '05)N/A Winter (November '05 - April '06)59.6%Winter (November '06 - April '07)60.3%Winter (November '07 - April '08)58.6%Winter (November '08 - April '09)52.1%Winter (November '09 - April '10)54.7%Winter (November '10 - April '11)55.2%Winter (November '11 - April '12)54.5%Winter (November '12 - April '13)54.9%Winter (November '13 - April '14)57.5%Winter (November '14 - April '15)57.6% Summer (May '05 - October '05)39.1%Summer (May '06 - October '06)38.4%Summer (May '07 - October '07)39.4%Summer (May '08 - October '08)38.0%Summer (May '09 - October '09)33.5%Summer (May '10 - October '10)35.1%Summer (May '11 - October '11)38.5%Summer (May '12 - October '12)40.1%Summer (May '13 - October '13)41.5%Summer (May '14 - October '14)43.1%Summer (May '15 - October '15)44.3% Winter (November '04 - April '05)N/A Winter (November '05 - April '06)$363 Winter (November '06 - April '07)$376 Winter (November '07 - April '08)$407 Winter (November '08 - April '09)$384 Winter (November '09 - April '10)$353 Winter (November '10 - April '11)$374 Winter (November '11 - April '12)$398 Winter (November '12 - April '13)$415 Winter (November '13 - April '14)$443 Winter (November '14 - April '15)$492 Summer (May '05 - October '05)$142 Summer (May '06 - October '06)$158 Summer (May '07 - October '07)$155 Summer (May '08 - October '08)$155 Summer (May '09 - October '09)$146 Summer (May '10 - October '10)$151 Summer (May '11 - October '11)$163 Summer (May '12 - October '12)$169 Summer (May '13 - October '13)$173 Summer (May '14 - October '14)$190 Summer (May '15 - October '15)$199 Winter (November '04 - April '05)Not available Winter (November '05 - April '06)Not available Winter (November '06 - April '07)Not available Summer (May '05 - October '05)Not available Summer (May '06 - October '06)Not available Summer (May '07 - October '07)Not available Vail Recreation District Visitors to the Vail Golf Course Summer (May '05 - October '05)23,000 Summer (May '06 - October '06)22,300 Summer (May '07 - October '07)24,600 Summer (May '08 - October '08)24,993 Summer (May '09 - October '09)23,414 Summer (May '10 - October '10)23,332 Summer (May '11 - October '11)21,963 Summer (May '12 - October '12)25,000 Summer (May '13 - October '13)24,681 Summer (May '14 - October '14)24,187 Summer (May '15 - October '15)24,334 Winter (November '04 - April '05)332,424 Winter (November '05 - April '06)325,972 Winter (November '06 - April '07)342,417 Winter (November '07 - April '08)350,896 Winter (November '08 - April '09)288,307 Winter (November '09 - April '10)324,979 Winter (November '10 - April '11)343,896 Winter (November '11 - April '12)319,223 Winter (November '12 - April '13)335,151 Winter (November '13 - April '14)344,978 Winter (November '14 - April '15)481,875* Summer (May '05 - October '05)Not available Summer (May '06 - October '06)Not available Summer (May '07 - October '07)Not available Summer (May '08 - October '08)Not available Summer (May '09 - October '09)297,349 Summer (May '10 - October '10)312,603 Summer (May '11 - October '11)645,725 Summer (May '12 - October '12)Not available Summer (May '13 - October '13)347,451 Summer (May '14 - October '14)Not Available Summer (May '15 - October '15)481,875 Winter (November '04 - April '05)181,275 Winter (November '05 - April '06)176,716 Winter (November '06 - April '07)174,085 Winter (November '07 - April '08)184,505 Winter (November '08 - April '09)182,028 Winter (November '09 - April '10)187,045 Winter (November '10 - April '11)179,971 Winter (November '11 - April '12)167,682 Winter (November '12 - April '13)173,777 Winter (November '13 - April '14)173,967 Winter (November '14 - April '15)269,587* Summer (May '05 - October '05)Not available Summer (May '06 - October '06)Not available Summer (May '07 - October '07)Not available Summer (May '08 - October '08)Not available Summer (May '09 - October '09)218,482 Summer (May '10 - October '10)221,233* (VVMC Parking Lot Closed) Summer (May '11 - October '11)463,139 Summer (May '12 - October '12)Not available Summer (May '13 - October '13)153,566 Summer (May '14 - October '14)Not Available Summer (May '15 - October '15)215,528 Winter (November '04 - April '05)4,712 Winter (November '05 - April '06)9,406 Winter (November '06 - April '07)N/A Winter (November '07 - April '08)5,947 Winter (November '08 - April '09)7,836 Winter (November '09 - April '10)7,795 Winter (November '10 - April '11)1,675 Winter (November '11 - April '12)2,074 Winter (November '12 - April '13)4,401 Winter (November '13 - April '14)3,270 Winter (November '14 - April '15)1,290 Summer (May '05 - October '05)JULY 4TH Summer (May '06 - October '06)JULY 4TH Summer (May '07 - October '07)JULY 4TH Summer (May '08 - October '08)JULY 4TH Summer (May '09 - October '09)JULY 4TH Summer (May '10 - October '10)4,853 Summer (May '11 - October '11)3,072 Summer (May '12 - October '12)Not available Summer (May '13 - October '13)2,294 Summer (May '14 - October '14)Not Available Summer (May '15 - October '15)775 Winter (November '04 - April '05)43/VV 13/LH Winter (November '05 - April '06)45/VV 27/LH Winter (November '06 - April '07)66/VV 31/LH Winter (November '07 - April '08)58/VV 25/LH Winter (November '08 - April '09)50/VV 25/LH Winter (November '09 - April '10)40/VV 20/LH Winter (November '10 - April '11)7/VV 7/LH Winter (November '11 - April '12)8/VV 7/LH Winter (November '12 - April '13)10 Winter (November '13 - April '14)7 Winter (November '14 - April '15)16/VV 5/LH Both full = 5 Summer (May '05 - October '05)JULY 4TH Summer (May '06 - October '06)JULY 4TH Summer (May '07 - October '07)JULY 4TH Summer (May '08 - October '08)JULY 4TH Summer (May '09 - October '09)JULY 4TH Summer (May '10 - October '10)21/VV 14/LH Summer (May '11 - October '11)15/VV 9/LH Summer (May '12 - October '12)Not available Summer (May '13 - October '13)14/VV 6/LH Summer (May '14 - October '14)Not Available Summer (May '15 - October '15)5 Winter (November '04 - April '05)9,007,732 Winter (November '05 - April '06)10,894,042 Winter (November '06 - April '07)11,359,350 Winter (November '07 - April '08)12,005,377 Winter (November '08 - April '09)11,612,990 Winter (November '09 - April '10)11,848,627 Winter (November '10 - April '11)12,421,502 Winter (November '11 - April '12)12,618,182 Winter (November '12 - April '13)12,337,722 Winter (November '13 - April '14)11,140,387 Winter (November '14 - April '15)12,430,716 Summer (May '05 - October '05)11,561,666 Summer (May '06 - October '06)12,639,845 Summer (May '07 - October '07)13,237,818 Summer (May '08 - October '08)13,600,079 Summer (May '09 - October '09)13,517,792 Summer (May '10 - October '10)13,974,281 Summer (May '11 - October '11)14,117,198 Summer (May '12 - October '12)14,213,370 Summer (May '13 - October '13)13,895,694 Summer (May '14 - October '14)13,803,008 Summer (May '15 - October '15)14,311,763 Winter (November '04 - April '05)175,641 Winter (November '05 - April '06)180,086 Winter (November '06 - April '07)179,620 Winter (November '07 - April '08)181,602 Winter (November '08 - April '09)173,333 Winter (November '09 - April '10)166,409 Winter (November '10 - April '11)161,847 Winter (November '11 - April '12)147,121 Winter (November '12 - April '13)138,583 Winter (November '13 - April '14)131,323 Winter (November '14 - April '15)133,304 Summer (May '05 - October '05)39,779 Summer (May '06 - October '06)37,750 Summer (May '07 - October '07)48,043 Summer (May '08 - October '08)37,300 Summer (May '09 - October '09)8,434 (airport was closed May - Aug.) Summer (May '10 - October '10)37,760 Summer (May '11 - October '11)32,418 Summer (May '12 - October '12)26,626 Summer (May '13 - October '13)29,162 Summer (May '14 - October '14)29,737 Summer (May '15 - October '15)26,791 Winter (November '04 - April '05)Not available Winter (November '05 - April '06)Not available Winter (November '06 - April '07)20,004 Winter (November '07 - April '08)18,051 Winter (November '08 - April '09)20,949 Winter (November '09 - April '10)17,483 Winter (November '10 - April '11)16,323 Winter (November '11 - April '12)17,757 Winter (November '12 - April '13)22,635 Winter (November '13 - April '14)16,818 Winter (November '14 - April '15)19,055 Summer (May '05 - October '05)Not available Summer (May '06 - October '06)25,032 Summer (May '07 - October '07)22,658 Summer (May '08 - October '08)26,098 Summer (May '09 - October '09)24,774 Summer (May '10 - October '10)24,168 Summer (May '11 - October '11)26,132 Summer (May '12 - October '12)26,142 Summer (May '13 - October '13)19,640 Summer (May '14 - October '14)16,850*Summer (May '15 - October '15)25,896 Winter (November '04 - April '05)Not available Winter (November '05 - April '06)Not available Winter (November '06 - April '07)14,319 Winter (November '07 - April '08)12,575 Winter (November '08 - April '09)11,576 Winter (November '09 - April '10)10,616 Winter (November '10 - April '11)6,972 Winter (November '11 - April '12)8,689 Winter (November '12 - April '13)29,225 Winter (November '13 - April '14)13,582 Winter (November '14 - April '15)20,635 Summer (May '05 - October '05)Not available Summer (May '06 - October '06)31,103 Summer (May '07 - October '07)25,340 Summer (May '08 - October '08)19,319 Summer (May '09 - October '09)18,000 Summer (May '10 - October '10)17,237 Summer (May '11 - October '11)18,307 Summer (May '12 - October '12)27,883 Summer (May '13 - October '13)16,512 Summer (May '14 - October '14)21,359 Summer (May '15 - October '15)18,539 *Vail Village Welcome Center closed for construction on August 15 for the duration of the summer. The operation moved to the Transit Center OnTheSnow.com On Vail Mountain - Measured in inches Winter (November '04 - April '05)Not available Winter (November '05 - April '06)Not available Winter (November '06 - April '07)Not available Winter (November '07 - April '08)Not available Winter (November '08 - April '09)393 Winter (November '09 - April '10)271 Winter (November '10 - April '11)459 Winter (November '11 - April '12)172 Winter (November '12 - April '13)288 Winter (November '13 - April '14)264 Winter (November '14 - April '15)234 Town of Vail Public Works Department In Town of Vail - Measured in inches Winter (November '04 - April '05)185 Winter (November '05 - April '06)244 Winter (November '06 - April '07)171 Winter (November '07 - April '08)300 Winter (November '08 - April '09)211 Winter (November '09 - April '10)174 Winter (November '10 - April '11)262 Winter (November '11 - April '12)112 Winter (November '12 - April '13)185 Winter (November '13 - April '14)227 Winter (November '14 - April '15)172 Winter (November '04 - April '05)3,611,648 Winter (November '05 - April '06)5,406,952 Winter (November '06 - April '07)5,694,884 Winter (November '07 - April '08)5,709,007 Winter (November '08 - April '09)5,730,889 Winter (November '09 - April '10)5,690,262 Winter (November '10 - April '11)5,236,367 Winter (November '11 - April '12)5,160,226 Winter (November '12 - April '13)5,211,592 Winter (November '13 - April '14)5,458,044 Winter (November '14 - April '15)5,557,278 Summer (May '05 - October '05)5,488,399 Summer (May '06 - October '06)5,585,158 Summer (May '07 - October '07)6,074,027 Summer (May '08 - October '08)5,821,092 Summer (May '09 - October '09)6,043,720 Summer (May '10 - October '10)5,833,139 Summer (May '11 - October '11)5,554,275 Summer (May '12 - October '12)5,598,788 Summer (May '13 - October '13)5,609,828 Summer (May '14 - October '14)5,829,054 Summer (May '15 - October '15)6,074,994 Annual (January '14 - December '14)47,000 Vail Economic Indicators: Tourism (2004-2015) Number of vehicles thru the Eisenhower Tunnel/Vail Pass 43,646 Annual (January '13 - December '13) Annual (January '13 - December '13)85,000 (estimate) Annual (January '09 - December '09)80,000 (estimate) Annual (January '08 - December '08)80,000 (estimate) Vail Recreation District Annual (January '12 - December '12) Number of visits to the Lionshead Information Center Number of vehicles on frontage roads Number of people into Denver International Airport Number of people into Eagle County Airport Eagle County Airport Number of visits to the Vail Village Information Center CDOT TOV Transportation Number of vehicles in Lionshead Parking Structure Number of visitors to the Dobson Ice Arena TOV Transportation Communication Department Tunnel Traffic Vail Information Center Visits Communication Department DIAAirport Statistics 85,000 (estimate) Annual (January '11 - December '11)80,000 (estimate) Average number of rooms occupied (2247 out of 3598) Average nightly room rates Number of days Parking structures full Number of vehicles in Vail Village Parking Structure Annual (January '10 - December '10) Total Snowfall Lodging Report: Occupancy DestiMetrics: Booking patterns at 18 Vail lodging properties Lodging Report: Average Nightly Room Rates DestiMetrics: Booking patterns at 18 Vail lodging properties 75,000 (estimate) TOV Transportation Community Center Attendance Parking Counts TOV Transportation Vail Economic Indicators: Tourism Page 1 of 5 Last Modified: 2/10/2016 Data provided were collected by the TOV and DestiMetrics in Jan. 2009 and updated in June 2015 from a variety of secondary sources, which are thought to be accurate, but not independently verified and best used as a general overview as a result. Indicator Source Focus Study Report Date ('04-'05)Data ('04-'05)Report Date ('05- '06)Data ('05-'06)Report Date ('06- '07)Data ('06-'07)Report Date ('07- '08)Data ('07-'08)Report Date ('08- '09)Data ('08-'09)Report Date ('09- '10)Data ('09-'10)Report Date ('10- '11)Data ('10-'11)Report Date ('11- '12)Data ('11-'12)Report Date ('12- '13)Data ('12-'13)Report Date ('13- '14)Data ('13-'14)Report Date ('14- '15)Data ('14-'15) Vail Economic Indicators: Tourism (2004-2015) Easter: Date Sunday March 27, 2005 Sunday April 16, 2006 Sunday April 8, 2007 Sunday March 23, 2008 Sunday April 12, 2009 Sunday April 4, 2010 Sunday April 24, 2011 Sunday April 8, 2012 Sunday March 31, 2013 Sunday April 20, 2014 Sunday April 5, 2015 4th of July: Day of the week July 4, 2005 Monday July 4, 2006 Tuesday July 4, 2007 Wednesday July 4, 2008 Friday July 4, 2009 Saturday July 4, 2010 Sunday July 4, 2011 Monday July 4, 2012 Wednesday July 4, 2013 Thursday July 4, 2014 Friday July 4, 2015 Saturday Christmas: Day of the week December 25, 2005 Sunday December 25, 2006 Monday December 25, 2006 Tuesday December 25, 2007 Wednesday December 25, 2008 Thursday December 25, 2009 Friday December 25, 2010 Saturday December 25, 2011 Sunday December 25, 2012 Tuesday December 25, 2013 Wednesday December 25, 2014 Thursday Winter (November '04 - April '05)$1.94 Winter (November '05 - April '06)$2.33 Winter (November '06 - April '07)$2.33 Winter (November '07 - April '08)$3.03 Winter (November '08 - April '09)$1.83 Winter (November '09- April '10 $2.85 Winter (November '10 - April '11)$3.12 Winter (November '11 - April '12)$3.35 Winter (November '11 - April '12)$3.33 Winter (November '13 - April '14)$3.31 Winter (November '14 - April '15)$2.32 Summer (May '05 - October '05)$2.44 Summer (May '06 - October '06)$2.77 Summer (May '07 - October '07)$3.00 Summer (May '08 - October '08)$3.69 Summer (May '09 - October '09)$2.44 Summer (May '10 - October '10)$2.76 Summer (May '11 - October '11)$3.56 Summer (May '12 - October '12)$3.52 Summer (May '13 - October '13)$3.56 Summer (May '14 - October '14)$3.50 Summer (May '15 - October '15)$2.60 Event Attendance Big Beers Festival Big Beers Festival 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur Event did not occur Event did not occur Winter (January 9- 11)2,013 Winter (January 9- 11)1,600 Ski and Snowboard Club Vail NORAM Cup 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur Jan. 31-Feb 5, 2013 278 Total 110 Men, 83 Ladies, 85 Coaches + Officials Winter (February 20- 23) 256 Total 121 Men, 83 Women, 52 Coaches + Officials 2,015 Event did not occur Vail Symposium Vail Symposium Winter 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur December 29, 2011- April 22, 2012 1,513 December 5, 2012- March 19, 2013 1,250 Winter (January 10- April 3)1,241 Winter (Dec 18- April 9) (EE)1,500 Vail Valley Foundation 2015 FIS World Alpine Ski Champtionships 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur 2013 Event did not occur 2014 Event did not occur Feb 2 - Feb 14, 2015 204,707 Highline Sports & Entertainment Burton US Open Snowboarding Championships 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2208 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur 1st year: Feb 27- March 2 91,000 Burton US Open Snowboarding Championships 2nd year:3/3- 3/8 49,850 Burton US Open Snowboarding Championships 3nd year:3/2-3/7 21,500 Vail Valley Medical Center PINK Vail 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2208 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur 3/9/2013 $352K raised 1319 4/5/2014 $465K raised 1,625 3/21/2015 $720K raised 2,430 Vail Film Institute Vail Film Festival March 31- April 3, 2005 10,000 March 30- April 2, 2006 12,000 March 29- April 1, 2007 14,000 April 3-6, 2008 12,500 April 2-5, 2009 12,000 April 1-4, 2010 14,000 Mar 31- Apr 3, 2011 14,000 Mar 29-Apr 1, 2012 5,071* RRC (14,000*from recap) March 28-31, 2013 12,000 Winter (March 27- 30)5,182 Winter (March 26- 29)6,800 Taste of Vail Taste of Vail April 6-9, 2005 Not available April 5-8, 2006 4,000 April 11-14, 2007 7,000 March 29- April 1, 2008 7,000 April 1 - 4, 2009 6,000 April 8-10, 2010 6,600 April 7, 2011 5,000 Apr 5, 2012: Lamb Cook-off 8,000 April 3-6, 2013 10,731 Winter (April 2-5)9,810 Winter (April 2-5)5,100 Highline Sports & Entertainment Spring Back to Vail April 4-16, 2005 50,000 April 3-16, 2006 24,000 April 2-15, 2007 26,000 April 7-13, 2008 30,000 April 13-19, 2009 30,000+April 12- 18, 2010 40,000 Apr 16-24, 2011 70,000 (2 weekends)Apr 9 - 15, 2012 30,000 April 8-14, 2013 40,000 Winter (April 11-13, April 20)54,637 Winter (April 17-19)10,800 Highline Feast!2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2208 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur May 24-27, 2013 (inaugural year)950 May 23-26, 2014 2,250 2015 Event did not occur Vail Valley Foundation Teva Mountain Games (GoPro Mtn Games beginning 2013) June 1-5, 2005 12,000 (snow!)May 31- June 4, 2006 28,000 May 30- June 3, 2007 30,000 June 4-8, 2008 35,000 June 4-7, 2009 40,000 -VVF is now promoter June 3-6, 2010 35,037 June 2-5, 2011 46,897 May 31-June 3, 2012 43,889*June 6-9, 2013 53,579 GoPro Mtn Games 58,000 GoPro Mtn Games: Jun 4-7 46,000* Vail Valley Foundation Hot Summer Nights 7 Tuesdays, June 14- July 26, 2005 26,400 10 Tuesdays: June 13- August 29 33,063 9 Tuesdays: June 19- August 21, 2007 32,625 9 Tuesdays: June 16- August 19, 2008 28,668 9 Tuesday: June 16 - Aug 18 36,629 Tuesdays, Jun 15- Aug 24 31,865 9 Tuesdays, June 14- Aug 30, 2011 33,683 9 Tuesdays, June 12- Aug 21, 2012 32,716 9 Tuesdays, Jun 18 - Aug 27 30,505 Summer (June 17-August 2)31,325 Summer (June 17-August 2) 19,837 weather impacts Meadow Drive Partnership Vail Farmers' Market June 19- September (14 Markets)75,000 June 18- September 17, 2006 (14 Markets)100,000 June 16- September 23, 2007 (14 Markets) 120,000 June 22- September 21, 2008 (14 Markets) 130,000 June 21 - Sept 20, 2009 (14 markets)140,000 June 20- Sep 19, 2010 140,000 June 19-Sept 25, 2011 (15 markets)168,000 June 17- Sept 30 (16 Markets)140,000 17 Sundays, June 16- Oct 6 205,742 Summer (June 15-October 5)209,857 Summer (June 15-October 5) 79,000* Colorado Lacrosse Promotions Vail Lacrosse Shootout June 25- July 4, 2005 92 teams 18,330 total June 24- July 4, 2006 102 teams 16,000 total June 27- July 4,, 2007 100 teams 17,116 total June 28- July 6, 2008 104 teams 18,819 total June 26 - July 5, 2009 95 Teams 16,000 total June 26- Jul 4, 2010 103 Teams 17,500 total June 25- July 3, 2011 107 Teams 18,500 June 30-July 8, 2012 99 Teams 23,617 June 29-July 7 13,543 Summer (June 29-July 6) 10,180 (no Ford Park Fields) Summer (June 29-July 6)11,000 Eagle Valley Events America Days Monday, July 4, 2005 25,000 Tuesday, July 4, 2006 30,000 Wednesday, July 4, 2007 35,000 Friday, July 4, 2008 35,000 Saturday, July 4, 2009 40,000 Sunday, July 4, 2010 35,500 Monday, July 4, 2011 42,000 Wed. July 4, 2012 Human Movement Management 42,000 (63 parade entries)Highline: July 4-6 55,000 Summer Highline (July 4)25,000 Summer Highline (July 4)20,000 Bravo!Bravo! (GRFA performances only) 18 performances: June 26- July 29, 2005 35,068 19 performances: June 28- July 28, 2006 36,727 19 performances: June 27- July 27, 2007 32,649 20 performances: June 25 - July 25, 2008 34,868 19 Performances: July 1 - Aug 4, 2009 34,530 June 25- Aug 3, 2010 41,469 20 Performances: June 25-Aug 3, 2011 41,385 June 25-Aug 4, 2012 Ticketed: 45,492 Non-Ticketed: 13,205 Total: 58,697 Summer 2013: Ticketed @ GRFA: 42,762 Total: 60,982 Summer 2014 53,377 Summer 2015 52,270 Vail Valley Foundation Vail International Dance Festival (GRFA performances only) 6 performances: July 30- August 7, 2005 9,550 7 performances: July30- August 13, 2006 11,654 8 performances: July 29- August 12, 2007 12,249 7 performances: July 27- August 9, 2008 11,698 8 Performances (GRFA): July 27 - Aug 10, 2009 17,500 July 26- Aug 10, 2010 20,609 9 Performances: July 26-Aug 14, 2011 16,968 10 Performances: July 24-Aug 11, 2012 18,419*9 Performances: July 28-Aug 9 18,700 Summer (July 27- August 9)24,260 Summer (July 27- August 9)13,800 Commission on Special Events Cumulative Attendance at GRFA Performances: All Events Summer 2005 46 performances 80,084 Summer 2006 50 performances 91,752 Summer 2007 47 performances 86,332 Summer 2008 43 performances 83,762 Summer 2009 44 performances 91,013 Summer 2010 48 performances 98,444 Summer 2011 48 performances 101,549 Summer 2012 49 performances 99,646 Summer 2013 40 performances 91,481 Summer 2014 34 Events 105,194 Summer 2015 42 Events 88,309 NA Sports Group (formerly Team Championships etc.) Kick-It 3v3 Soccer August 5-7, 2005 276 teams 6293 including spectators August 4-6, 2006 351 teams 7371 including spectators August 3-5, 2007 309 teams 6489 including spectators August 1-3, 2008 300 teams 6300 including spectators July 31 - Aug 2, 2009 300 teams 8100 including spectators Jul 30- Aug 1, 2010 288 Teams July 29-31, 2011 17,400 (290 teams)July 27-29, 2012 17,700 (295 teams)July 26 - 28, 2013 23,895 (295 teams)Kick-It 3v3 Soccer 19,080 (265 teams) Did not play in Vail due to Field Constr. Kick-It 3v3 Soccer 11,400 Commission on Special Events USA Pro Cycling Challenge 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur Aug. 25, 2011 (1st Year)30,000 2012 Event did not occur August 23, Friday 20,000 August 23, Saturday 8,000 August 23, Saturday Did not occur Vail Jazz Foundation Jazz @ the Market 9 Sundays 2,700 9 Sundays 2,700 9 Sundays 2,700 9 Sundays 2,700 10 Sundays: June 28- Aug 30, 2009 2,700 9 Sundays, Jun 27- Aug 29/no July 4, 2010 3,000 Jun 26- Aug 28, 2011 (10 Sundays)3,500 June 24- Aug. 30 (10 Sundays)1,500 (10 Sundays)2,250 Jazz @ the Market 3,000 Jazz @ the Market 6,500 Vail Jazz Foundation Jazz @ Vail Square 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur July 31- August 28, 2008 (1st year: 5 Thursdays) 3,000 5 Thursdays: Aug 6 - Sept 3, 2009 3,500 5 Thursdays, Aug 5- Sep 2, 2010 2,700 July 7- Sept 1, 2011 (9 Thursdays)7,200 (9 Thursdays)9,000 (9 Thursdays)9,000 Jazz @ Vail Square 9,000 Jazz @ Vail Square 8,000 Vail Jazz Foundation Vail Jazz Party September 2-5, 2005 3,500 September 1-4, 2006 3,500 August 31- September 3, 2007 3,500 August 29-Sept 1, 2008 3,500 Sept 3 - 7, 2009 4,000 Sep 2-6, 2010 4,800 Sept 2-5, 2011 3,200 Aug 31- Sept 3, 2012 3,500 Aug 30 - Sept 2, 2013 3,000 Labor Day Weekend 2014 3,400 Labor Day Weekend 2015 3,500 Lakeside Stride Vail Summer Bluegrass Series (5)2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur 2013 Event did not occur July 2, 16 & Aug 13, 27 2500 July 2, 16 & Aug 13, 27 1,900 Grand Traverse Adventures/VRD Keen Vail Kids Adventure Race 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur Aug. 7, 2010 396 Aug. 13, 2011 1,744 August 10-12, 2012 2660*Aug 8-11 6820 (232 teams) Summer (August 7-10) 8495 (366 teams) Summer (August 7-10)2,700 Highline Sports & Entertainment Gourmet on Gore September 3, 2005 (1st year)7,000 2006 Not instituted September 1-2, 2007 12,500 August 29-31, 2008 18,000 Sept 4-6, 2009 20,000 Sept 4-5, 2010 20,000-30,000 Sept.3-5, 2011 (Monday added)30,000 Aug 31- Sept 3, 2012 22,500*Aug 30- Sep 2 50,000 Summer (August 29- September 1)25,000 Summer (August 29- September 1)9,000* Highline Sports & Entertainment Oktoberfest September 9-11 & 16-18, 2005 40,000 September 8-10 & 15- 17, 2006 40,000 September 7-9 @ 14-16, 2007 40,000 September 5-7 & 12- 14, 2008 40,000 Sept 11-13 & 18-20, 2009 40,000+Sept 10-12 & 17-19, 2010 40,000-50,000 Sept. 9-11 & 16-18, 2011 40,000 Sept 7-9 LH, Sept 14-16 VV, 2012 31,000*Sep 6-8 LH & 13-15 VV 55,000 Summer (September 5-7, September 12- 14) 50,000 Summer (September 5-7, September 12-14) 9,300* Vail Valley Concours Vail Automotive Classic 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur 2013 Event did not occur Sept. 7 8000 Sept. 7 6,500 Colorado Grand Colorado Grand 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur 2013 Event did not occur Sept 12-13 2500 Sept 12-13 300 Eagle Valley Events Top Shelf Harvest 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur 2013 Event did not occur Sept. 27, 2014 425 Sept. 27, 2014 350 The Greenspeed Project Outlier MTB Festival Sept 25-27 (1st year)1,400 Group 970 Vail-BC Restaurant Week 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur Sept 27 - Oct 6: Inaugural year 42,211 Summer (September 26-October 5)68,714 Summer (September 26- October 5) 19,300* America Cup America Cup 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur Sept. 15-18, 2011 (1st year)600 Sept. 20-23 850*Sep 10-15 196 Competitors Summer (September 9-14)194 Competitors Summer (September 9-14) 600 World Youth Fly Fishing Champs Living Well Living At Your Peak 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur Sept. 13-15 423 Sep 19-21 350 September 11-13 27 invited 135 ForumX 2015 Event did not occur Vail Symposium Unlimited Adventure Speaker Series (6 each year) 2005 Event did not occur 2006 725 2007 1,152 2008 858 2009 1,007 2010 777 2011 815 2012 671 2013: 5 in series 650 Unlimited Adventure Speaker Series (6 each year) 1,240 See above see above Vail Valley Soccer Club Vail Challenge Cup October 1-2, 2005 2,200 players 4,000 spectators October 7-8, 2006 2,200 players 4,000 spectators October 6-7, 2007 2,000 players 3,500 spectators October 4-5, 2008 1,800 players 3,200 spectators Summer 2009 1,500 players 3,500 spectators Summer 2010 1980 players 3,500- 4000 spectators October 1-2, 2011 3,100 Oct. 6-7, 2012 7,500*Oct 5-6 110 teams October 4-5, 2014 103 teams (no Vail fields)October 3-4, 2015 132 Teams Ski and Snowboard Club Vail Ski Swap October 28-29, 2005 3,000 October 27,28, 2006 3,000 October 26-27, 2007 3,500 November 7-8, 2008 4,000 November 2009 1,700 November 2010 2,100 October 28-29, 2011 2,862 Oct. 26-27, 2012 2,095 Oct 25-26 1,857 October 24-26, 2014 3,547 October 2015 4,184 Highline Sports & Entertainment Snow Daze 2005 Event did not occur December 4-17, 2006 (1st year)15,000 December 3-16, 2007 20,000 December 8-15, 2008 17,500 December 2009 20,000 December 2010 75,000 Dec. 5-11, 2011 75,000 Dec. 10-16, 2012 55,000 Dec 9-15, 2013 62,518 2014: Dec 12-14 and 19-21 50,000 2015 50,000 Highline Sports & Entertainment Vail Family Holidaze 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur December 2010 (1st year)Not Available Dec. 17-25, 31 50,000 Dec. 17-25, 31, 2012 50,000 Dec 20-22, 31, 2013 8,325 2014 8,325 2015 3,200 (no skating shows) Applied Leadership Series (EE) Vail Centre (Vail Leadership Institute) 2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur 2011 Event did not occur 2012 Event did not occur 2013 Event did not occur 2014 Event did not occur 2015 Programming 428 CanDoMS (EE)2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur 2012 Event did not occur 2013 Event did not occur 2014 Event did not occur 2014 Event did not occur Vertical Express 146 Peak Wellness Retreat (EE)2005 Event did not occur 2006 Event did not occur 2007 Event did not occur 2008 Event did not occur 2009 Event did not occur 2010 Event did not occur 2013 Event did not occur 2014 Event did not occur 2015 Event did not occur 2014 Event did not occur Comp-Fit events and Women's Weekend 200 *Indicates recent changes in attendance counting methodology by a third party firm Average price of gasoline per gallon (USD) in Colorado - ave of weekly averages Fuel Prices Energy Information Administration Holiday Timing Calendar Vail Economic Indicators: Tourism Page 2 of 5 Last Modified: 2/10/2016 Data provided were collected by the TOV and DestiMetrics in Jan. 2009 and updated in June 2015 from a variety of secondary sources, which are thought to be accurate, but not independently verified and best used as a general overview as a result. Indicator Source Description Report Date ('05-'06)Data ('05-'06)Report Date ('06-'07)Data ('06-'07)Report Date ('07-'08)Data ('07-'08)Report Date ('08-'09)Data ('08-'09)Report Date ('09-'10)Data ('09-'10)Report Date ('10- '11) Data ('10-'11)Report Date ('11- '12) Data ('11-'12)Report Date ('12- '13) Data ('12-'13)Report Date ('13- '14) Data ('13-'14)Report Date ('13- '14) Data ('14-'15) Winter (November '05 - April '06)174 Winter (November '06 - April '07)175 Winter (November '07 - April '08)177 Winter (November '08 - April '09)97 Winter (November '09 - April '10)121 Winter (November '10 - April '11)148 Winter (November '11 - April '12)151 Winter (November '12 - April '13)182 Winter (November '13 - April '14)154 Winter (November '14 - April '15)174 Summer (May '06 - October '06)217 Summer (May '07 - October '07)158 Summer (May '08 - October '08)149 Summer (May '09 - October '09)115 Summer (May '10 - October '10)195 Summer (May '11 - October '11)126 Summer (May '12 - October '12)186 Summer (May '13 - October '13)199 Summer (May '14 - October '14)197 Summer (May '15 - October '15)203 Winter (November '05 - April '06)$1,168,249 Winter (November '06 - April '07)$2,169,933 Winter (November '07 - April '08)$2,258,364 Winter (November '08 - April '09)$2,854,325 Winter (November '09 - April '10)$1,641,593 Winter (November '10 - April '11)$1,780,462 Winter (November '11 - April '12)$1,709,393 Winter (November '12 - April '13)$1,423,375 Winter (November '13 - April '14)$2,224,531 Winter (November '14 - April '15)$1,733,518 Summer (May '06 - October '06)$1,391,526 Summer (May '07 - October '07)$1,370,692 Summer (May '08 - October '08)$2,508,787 Summer (May '09 - October '09)$1,112,728.70 Summer (May '10 - October '10)$2,111,644.10 Summer (May '11 - October '11)$1,443,006 Summer (May '12 - October '12)$1,382,832 Summer (May '13 - October '13)$1,234,990 Summer (May '14 - October '14)$1,584,734 Summer (May '15 - October '15)$1,788,654 Winter (November '05 - April '06)$727 Winter (November '06 - April '07)$902 Winter (November '07 - April '08)$768 Winter (November '08 - April '09)$1,103 Winter (November '09 - April '10)$791 Winter (November '10 - April '11)$809 Winter (November '11 - April '12)$820 Winter (November '12 - April '13)$734 Winter (November '13 - April '14)$828 Winter (November '14 - April '15)$824 Summer (May '06 - October '06)$831 Summer (May '07 - October '07)$726 Summer (May '08 - October '08)$1,344 Summer (May '09 - October '09)$568 Summer (May '10 - October '10)$1,060 Summer (May '11 - October '11)$724 Summer (May '12 - October '12)$652 Summer (May '13 - October '13)$682 Summer (May '14 - October '14)$778 Summer (May '15 - October '15)$803 Winter (November '05 - April '06)$203,275,300 Winter (November '06 - April '07)$379,738,200 Winter (November '07 - April '08)$399,730,500 Winter (November '08 - April '09)$276,869,500 Winter (November '09 - April '10)$198,632,700 Winter (November '10 - April '11)$258,807,117 Winter (November '11 - April '12)$252,990,200 Winter (November '12 - April '13)$259,054,380 Winter (November '13 - April '14)$331,847,416 Winter (November '14 - April '15)$305,044,019 Summer (May '06 - October '06)$301,961,100 Summer (May '07 - October '07)$216,569,400 Summer (May '08 - October '08)$373,809,300 Summer (May '09 - October '09)$127,963,800 Summer (May '10 - October '10)$411,770,600 Summer (May '11 - October '11)$174,867,073 Summer (May '12 - October '12)$261,284,200 Summer (May '13 - October '13)$235,995,092 Summer (May '14 - October '14)$306,239,595 Summer (May '15 - October '15)$363,096,860 Winter (November '05 - April '06)165 Winter (November '06 - April '07)163 Winter (November '07 - April '08)143 Winter (November '08 - April '09)82 Winter (November '09 - April '10)113 Winter (November '10 - April '11)148 Winter (November '11 - April '12)143 Winter (November '12 - April '13)171 Winter (November '13 - April '14)148 Winter (November '14 - April '15)168 Summer (May '06 - October '06)200 Summer (May '07 - October '07)144 Summer (May '08 - October '08)156 Summer (May '09 - October '09)98 Summer (May '10 - October '10)194 Summer (May '11 - October '11)120 Summer (May '12 - October '12)182 Summer (May '13 - October '13)194 Summer (May '14 - October '14)189 Summer (May '15 - October '15)196 Winter (November '05 - April '06)5 Winter (November '06 - April '07)10 Winter (November '07 - April '08)11 Winter (November '08 - April '09)15 Winter (November '09 - April '10)8 Winter (November '10 - April '11)5 Winter (November '11 - April '12)8 Winter (November '12 - April '13)11 Winter (November '13 - April '14)6 Winter (November '14 - April '15)6 Summer (May '06 - October '06)2 Summer (May '07 - October '07)7 Summer (May '08 - October '08)6 Summer (May '09 - October '09)17 Summer (May '10 - October '10)1 Summer (May '11 - October '11)6 Summer (May '12 - October '12)4 Summer (May '13 - October '13)5 Summer (May '14 - October '14)8 Summer (May '15 - October '15)7 Annual (January '15 - December '15) Not Available Annual (January '14 - December '14) Annual (January '14 - December '14) Annual (January '14 - December '14) Annual (January '14 - December '14) Annual (January '15 - December '15) Not Available6,066 8 Vail Economic Indicators: Real Estate (2004-2015) Annual (January '15 - December '15)Not Available Annual (January '15 - December '15)Not Available Annual (January '13 - December '13) 0 Annual (January '13 - December '13)4 Annual (January '13 - December '13)0 Annual (January '13 - December '13) 0 Annual (January '08 - December '08) 0 Annual (January '09 - December '09) 1,552sf Annual (January '07 - December '07) 24,568sf36,207sf 59 Annual (January '09 - December '09)2 Annual (January '09 - December '09) 75 0 90 Annual (January '08 - December '08) 0 Annual (January '08 - December '08) Annual (January '09 - December '09) 11 Annual (January '08 - December '08) 0 Annual (January '07 - December '07) Annual (January '07 - December '07) 9 Net New Commercial Square Footage Community Development Department Net New Commercial Square Footage Constructed within Vail Hotel/ Accommodation Units Constructed Community Development Department Real Estate Sales Eagle County Assessor's Office Total number of Real Estate Transactions within Vail Eagle County Assessor's Office Average sale price of Real Estate transactions within Vail 77 Average price of Real Estate per square foot within Vail Commercial Properties Sold Sale Price Price Per Square Foot Eagle County Assessor's Office Residential Properties Sold Total Gross Sales Amount (USD) within Vail Eagle County Assessor's Office Number of residential properties sold within Vail 0 0 Annual (January '07 - December '07) Number of additional dwelling units constructed within Vail 24 Number of additional hotel units constructed within Vail Annual (January '06 - December '06) 0 89 9,250sf Community Development Department Annual (January '06 - December '06) Annual (January '06 - December '06) Number of commercial properties sold within Vail Annual (January '06 - December '06) 0 Annual (January '10 - December '10) Annual (January '10 - December '10) 29,006sf Annual (January '11 - December '11) 0 0 Annual (January '11 - December '11) 0 Annual (January '10 - December '10) 3 64 Gross Sales Annual (January '10 - December '10) Eagle County Assessor's Office Fractional Fee Units Constructed Community Development Department Number of additional fractional fee units constructed within Vail Dwelling Units Constructed Annual (January '11 - December '11) Eagle County Assessor's Office Annual (January '11 - December '11) Annual (January '12 - December '12) 0 Annual (January '12 - December '12)0 Annual (January '12 - December '12)0 Annual (January '12 - December '12) Vail Economic Indicators: Real Estate Page 3 of 5 Last Modified: 2/10/2016 Data provided were collected by the TOV and DestiMetrics in Jan. 2009 and updated in June 2015 from a variety of secondary sources, which are thought to be accurate, but not independently verified and best used as a general overview as a result. Source Description Report Date ('04-'05)Data ('04-'05)Report Date ('05-'06)Data ('05-'06)Report Date ('06-'07)Data ('06-'07)Report Date ('07-'08)Data ('07-'08)Report Date ('08-'09)Data ('08-'09)Report Date ('09-'10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12)Report Date ('12-'13)Data ('12-'13)Report Date ('13-'14)Data ('13-'14)Report Date ('14 -'15)Data ('14-'15) Winter (November '04 - April '05)$1,959,692 Winter (November '05 - April '06)$2,150,643 Winter (November '06 - April '07)$2,235,665 Winter (November '07 - April '08)$2,102,116 Winter (November '08 - April '09)$1,598,271 Winter (November '09 - April '10)$1,696,072 Winter (November '10 - April '11)$1,958,121 Winter (November '11 - April '12)$2,064,417 Winter (November '12 - April '13)$2,242,112 Winter (November '13 - April '14)$2,519,032 Winter (November '14 - April '15)$2,809,156 Summer (May '05 - October '05)$707,992 Summer (May '06 - October '06)$709,091 Summer (May '07 - October '07)$724,998 Summer (May '08 - October '08)$666,155 Summer (May '09 - October '09)$573,505 Summer (May '10 - October '10)$609,452 Summer (May '11 - October '11)$693,894 Summer (May '12 - October '12)$761,608 Summer (May '13 - October '13 $834,765 Summer (May '14 - October '14)$951,110 Summer (May '15 - October '15)$997,824 Winter (November '04 - April '05)$699,826 Winter (November '05 - April '06)$680,292 Winter (November '06 - April '07)$704,911 Winter (November '07 - April '08)$856,906 Winter (November '08 - April '09)$828,915 Winter (November '09 - April '10)$883,556 Winter (November '10 - April '11)$977,397 Winter (November '11 - April '12)$945,095 Winter (November '12 - April '13)$983,342 Winter (November '13 - April '14)$1,050,415 Winter (November '14 - April '15)$1,112,040 Summer (May '05 - October '05)$146,560 Summer (May '06 - October '06)$154,984 Summer (May '07 - October '07)$151,560 Summer (May '08 - October '08)$210,343 Summer (May '09 - October '09)$187,175 Summer (May '10 - October '10)$199,152 Summer (May '11 - October '11)$228,326 Summer (May '12 - October '12)$228,588 Summer (May '13 - October '13 $231,636 Summer (May '14 - October '14)$251,648 Summer (May '15 - October '15)$276,241 Winter (November '04 - April '05)$1,038,941 Winter (November '05 - April '06)$1,109,781 Winter (November '06 - April '07)$1,144,388 Winter (November '07 - April '08)$1,192,703 Winter (November '08 - April '09)$1,153,789 Winter (November '09 - April '10)$1,095,944 Winter (November '10 - April '11)$1,131,777 Winter (November '11 - April '12)$1,129,364 Winter (November '12 - April '13)$1,165,199 Winter (November '13 - April '14)$1,193,258 Winter (November '14 - April '15)$1,227,776 Summer (May '05 - October '05)$671,503 Summer (May '06 - October '06)$707,587 Summer (May '07 - October '07)$712,127 Summer (May '08 - October '08)$764,727 Summer (May '09 - October '09)$680,951 Summer (May '10 - October '10)$661,824 Summer (May '11 - October '11)$694,593 Summer (May '12 - October '12)$717,161 Summer (May '13 - October '13 $729,524 Summer (May '14 - October '14)$739,044 Summer (May '15 - October '15)$773,079 Winter (November '04 - April '05)$1,819,656 Winter (November '05 - April '06)$2,021,717 Winter (November '06 - April '07)$2,090,189 Winter (November '07 - April '08)$2,147,236 Winter (November '08 - April '09)$1,849,345 Winter (November '09 - April '10)$1,793,215 Winter (November '10 - April '11)$2,148,434 Winter (November '11 - April '12)$2,475,845 Winter (November '12 - April '13)$2,749,317 Winter (November '13 - April '14)$3,057,259 Winter (November '14 - April '15)$3,390,780 Summer (May '05 - October '05)$377,998 Summer (May '06 - October '06)$388,552 Summer (May '07 - October '07)$414,789 Summer (May '08 - October '08)$446,399 Summer (May '09 - October '09)$330,719 Summer (May '10 - October '10)$408,732 Summer (May '11 - October '11)$587,090 Summer (May '12 - October '12)$690,978 Summer (May '13 - October '13 $748,929 Summer (May '14 - October '14)$845,596 Summer (May '15 - October '15)$941,240 Winter (November '04 - April '05)$1,211,828 Winter (November '05 - April '06)$1,320,180 Winter (November '06 - April '07)$1,448,205 Winter (November '07 - April '08)$1,590,517 Winter (November '08 - April '09)$1,367,737 Winter (November '09 - April '10)$1,499,389 Winter (November '10 - April '11)$1,670,696 Winter (November '11 - April '12)$1,754,076 Winter (November '12 - April '13)$1,841,519 Winter (November '13 - April '14)$2,110,418 Winter (November '14 - April '15)$2,229,495 Summer (May '05 - October '05)$247,305 Summer (May '06 - October '06)$282,591 Summer (May '07 - October '07)$323,812 Summer (May '08 - October '08)$324,648 Summer (May '09 - October '09)$261,272 Summer (May '10 - October '10)$343,795 Summer (May '11 - October '11)$361,690 Summer (May '12 - October '12)$387,978 Summer (May '13 - October '13 $439,932 Summer (May '14 - October '14)$515,516 Summer (May '15 - October '15)$558,829 Winter (November '04 - April '05)$861,732 Winter (November '05 - April '06)$911,909 Winter (November '06 - April '07)$1,062,423 Winter (November '07 - April '08)$1,091,579 Winter (November '08 - April '09)$807,303 Winter (November '09 - April '10)$773,479 Winter (November '10 - April '11)$818,314 Winter (November '11 - April '12)$835,811 Winter (November '12 - April '13)$878,048 Winter (November '13 - April '14)$990,019 Winter (November '14 - April '15)$1,059,904 Summer (May '05 - October '05)$276,491 Summer (May '06 - October '06)$294,382 Summer (May '07 - October '07)$302,779 Summer (May '08 - October '08)$308,927 Summer (May '09 - October '09)$219,353 Summer (May '10 - October '10)$237,964 Summer (May '11 - October '11)$268,044 Summer (May '12 - October '12)$303,198 Summer (May '13 - October '13 $319,467 Summer (May '14 - October '14)$323,888 Summer (May '15 - October '15)$335,667 Winter (November '04 - April '05)$1,565,938 Winter (November '05 - April '06)$1,709,731 Winter (November '06 - April '07)$1,865,670 Winter (November '07 - April '08)$1,847,564 Winter (November '08 - April '09)$1,653,738 Winter (November '09 - April '10)$1,679,681 Winter (November '10 - April '11)$2,023,554 Winter (November '11 - April '12)$2,248,504 Winter (November '12 - April '13)$2,330,760 Winter (November '13 - April '14)$2,508,143 Winter (November '14 - April '15)$2,688,345 Summer (May '05 - October '05)$747,920 Summer (May '06 - October '06)$777,970 Summer (May '07 - October '07)$867,240 Summer (May '08 - October '08)$872,567 Summer (May '09 - October '09)$741,054 Summer (May '10 - October '10)$853,549 Summer (May '11 - October '11)$1,082,986 Summer (May '12 - October '12)$1,217,111 Summer (May '13 - October '13 $1,284,706 Summer (May '14 - October '14)$1,368,909 Summer (May '15 - October '15)$1,508,118 Winter (November '04 - April '05)$388,096 Winter (November '05 - April '06)$395,789 Winter (November '06 - April '07)$398,375 Winter (November '07 - April '08)$552,068 Winter (November '08 - April '09)$581,408 Winter (November '09 - April '10)$586,820 Winter (November '10 - April '11)$632,942 Winter (November '11 - April '12)$636,214 Winter (November '12 - April '13)$649,431 Winter (November '13 - April '14)$681,903 Winter (November '14 - April '15)$674,347 Summer (May '05 - October '05)$161,611 Summer (May '06 - October '06)$172,764 Summer (May '07 - October '07)$227,858 Summer (May '08 - October '08)$308,728 Summer (May '09 - October '09)$245,649 Summer (May '10 - October '10)$278,229 Summer (May '11 - October '11)$287,316 Summer (May '12 - October '12)$356,930 Summer (May '13 - October '13 $364,913 Summer (May '14 - October '14)$400,037 Summer (May '15 - October '15)$409,163 Winter (November '04 - April '05)$382,326 Winter (November '05 - April '06)$427,585 Winter (November '06 - April '07)$445,549 Winter (November '07 - April '08)$419,824 Winter (November '08 - April '09)$357,009 Winter (November '09 - April '10)$320,657 Winter (November '10 - April '11)$335,369 Winter (November '11 - April '12)$341,398 Winter (November '12 - April '13)$353,727 Winter (November '13 - April '14)$406,108 Winter (November '14 - April '15)$407,586 Summer (May '05 - October '05)$308,933 Summer (May '06 - October '06)$321,019 Summer (May '07 - October '07)$335,263 Summer (May '08 - October '08)$286,244 Summer (May '09 - October '09)$228,979 Summer (May '10 - October '10)$255,147 Summer (May '11 - October '11)$269,587 Summer (May '12 - October '12)$283,365 Summer (May '13 - October '13 $305,660 Summer (May '14 - October '14)$321,739 Summer (May '15 - October '15)$327,091 Sales tax % Increase Full Year 2005 vs. full year 2004 6.6%Full Year 2006 vs. full year 2005 8.2%Full Year Sales Tax Increase (Decrease)6.0%Full Year Sales Tax Increase (Decrease)3.8%Full Year Sales Tax Increase (Decrease)-13.8%Full Year Sales Tax Increase (Decrease)4.5%Full Year Sales Tax Increase (Decrease)10.5%Full Year Sales Tax Increase (Decrease)2.4%Full Year Sales Tax Increase (Decrease)9.7%Full Year Sales Tax Increase (Decrease)8.6%Full Year Sales Tax Increase (Decrease)Not Available CPI % Increase Full Year 2005 vs. full year 2004 3.4%Full Year 2006 vs. full year 2005 3.2%Full Year CPI Increase (Decrease)2.8%Full Year CPI Increase (Decrease)3.8%Full Year CPI Increase (Decrease)-0.4%Full Year CPI Increase (Decrease)1.6%Full Year CPI Increase (Decrease)3.2%Full Year CPI Increase (Decrease)2.1%Full Year CPI Increase (Decrease)1.5%Full Year CPI Increase (Decrease)1.6%Full Year CPI Increase (Decrease)Not Available Sales tax better (worse) than inflation Full Year 2005 vs. full year 2004 3.2% Full Year 2006 vs. full year 2005 5.0% Sales Tax Better (Worse) Than Inflation 3.2% Sales Tax Better (Worse) Than Inflation 0.0% Sales Tax Better (Worse) Than Inflation -13.4% Sales Tax Better (Worse) Than Inflation 2.9% Sales Tax Better (Worse) Than Inflation 7.3% Sales Tax Better (Worse) Than Inflation 0.3% Sales Tax Better (Worse) Than Inflation 8.2% Sales Tax Better (Worse) Than Inflation 7.0% Sales Tax Better (Worse) Than Inflation Not Available TOV Finance Department Total construction use taxes collected - Annual (January '05 - December '05)Not implemented Annual (January '06 - December '06)Not implemented Annual (January '07 - December '07)Not implemented Annual (January '08 - December '08)$608,483 Annual (January '09 - December '09)$713,582 Annual (January '10 - December '10)$1,103,119 Annual (January '11 - December '11)$721,002 Annual (January '12 - December '12)$1,221,734 Annual (January '13 - December '13)$1,360,585 Annual (January '14 - December '14)$1,803,853 Annual (January '15 - December '15)Not Available TOV Finance Department Total property taxes collected Annual (January '05 - December '05)$2,469,629 Annual (January '06 - December '06)$2,751,032 Annual (January '07 - December '07)$2,830,331 Annual (January '08 - December '08)$4,092,167 Annual (January '09 - December '09)$4,317,417 Annual (January '10 - December '10)$4,782,945 Annual (January '11 - December '11)$4,866,254 Annual (January '12 - December '12)$4,157,279 Annual (January '13 - December '13)$4,227,966 Annual (January '14 - December '14)$4,358,411 Annual (January '15 - December '15)Not Available TOV Finance Department Total Real Estate Transfer Tax collected Annual (January '05 - December '05)$6,206,058 Annual (January '06 - December '06)$6,239,744 Annual (January '07 - December '07)$6,536,118 Annual (January '08 - December '08)$9,091,917 Annual (January '09 - December '09)$2,513,481 Annual (January '10 - December '10)$6,950,701 Annual (January '11 - December '11)$4,403,706 Annual (January '12 - December '12)$5,452,937 Annual (January '13 - December '13)$4,725,589 Annual (January '14 - December '14)$6,849,449 Not Available Not Available TOV Finance Department General Fund Year-End Balance As of December 31, 2005 $13,673,808 As of December 31, 2006 $15,433,051 General Fund Balance as of December 31, 2007 $19,834,717 General Fund Balance as of December 31, 2008 $23,002,886 General fund Balance as of December 31, 2009 $23,173,417 General Fund Balance as of December 31, 2010 $22,886,692 General Fund Balance as of December 31, 2011 $23,546,285 General Fund Balance as of December 31, 2012 $23,403,652 General Fund Balance as of December 31, 2013 $16,401,973 General Fund Balance as of December 31, 2014 $19,687,223 General Fund Balance as of December 31, 2015 Not Available Vail Economic Indicators: Town Revenue (2004-2015) Amount collected (USD) TOV Finance Department TOV Finance Department Lionshead TOV Finance Department Total Sales Tax vs. Inflation as Measured by CPI TOV Finance Department Vail Village Construction Use Tax Total Real Estate Transfer Tax Town Reserves TOV Finance Department Amount collected (USD) Amount collected (USD) Amount collected (USD) Cascade/E. Vail/Sandstone & W. Vail Total Property Tax F o o d & B e v e r a g e S a l e s T a x Amount collected (USD) TOV Finance Department L o d g i n g S a l e s T a x Vail Village TOV Finance Department Lionshead TOV Finance Department Cascade/E. Vail/Sandstone & W. Vail Amount collected (USD) Indicator Vail Village Amount collected (USD) R e t a i l S a l e s T a x Amount collected (USD) Lionshead TOV Finance Department Amount collected (USD) TOV Finance Department Cascade/E. Vail/Sandstone & W. Vail Vail Economic Indicators: Town Revenue Page 4 of 5 Last Modified: 2/10/2016 Data provided were collected by the TOV and DestiMetrics from a variety of secondary sources, which are thought to be accurate, but not independently verified and best used as a general overview as a result. Indicator Source Description Report Date ('05-'06)Data ('05-'06)Report Date ('06-'07)Data ('06-'07)Report Date ('07-'08)Data ('07-'08)Report Date ('08-'09)Data ('08-'09)Report Date ('09-'10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12)Report Date ('12-'13)Data ('12-'13)Report Date ('13-'14)Data ('13-'14)Report Date ('14-'15)Data ('14-'15) Indicator Source Description Report Date ('05-'06)Data ('05-'06)Report Date ('06-'07)Data ('06-'07)Report Date ('07-'08)Data ('07-'08)Report Date ('08-'09)Data ('08-'09)Report Date ('09-'10)Data ('09-'10)Report Date ('10-'11)Data ('10-'11)Report Date ('11-'12)Data ('11-'12)Report Date ('12-'13)Data ('12-'13)Report Date ('13-'14)Data ('13-'14)Report Date ('14-'15)Data ('14-'15) Winter (November '05 - April '06)104.6 Winter (November '06 - April '07)107.8 Winter (November '07 - April '08)77.8 Winter (November '08 - April '09)35.3 Winter (November '09 - April '10)52.9 Winter (November '10 - April '11)62.3 Winter (November '11 - April '12)65.2 Winter (November '12 - April '13)65.8 Winter (November '13 - April '14)78.8 Winter (November '14 - April '15)97.1 Summer (May '06 - October '06)104.7 Summer (May '07 - October '07)104.4 Summer (May '08 - October '08)52.6 Summer (May '09 - October '09)51.2 Summer (May '10 - October '10)53.3 Summer (May '11 - October '11)51.8 Summer (May '12 - October '12)65.9 Summer (May '13 - October '13)78.6 Summer (May '14 - October '14)82.9 Summer (May '15 - October '15)98.1 Winter (November '05 - April '06)$1.20 Winter (November '06 - April '07)$1.32 Winter (November '07 - April '08)$1.50 Winter (November '08 - April '09)$1.31 Winter (November '09 - April '10)$1.41 Winter (November '10 - April '11)$1.37 Winter (November '11 - April '12)$1.32 Winter (November '12 - April '13)$1.31 Winter (November '13 - April '14)$1.37 Winter (November '14 - April '15)$0.87 Summer (May '06 - October '06)$1.27 Summer (May '07 - October '07)$1.37 Summer (May '08 - October '08)$1.49 Summer (May '09 - October '09)$1.42 Summer (May '10 - October '10)$1.29 Summer (May '11 - October '11)$1.41 Summer (May '12 - October '12)$1.26 Summer (May '13 - October '13)$1.33 Summer (May '14 - October '14)$1.31 Summer (May '15 - October '15)$0.90 Annual (July '14 - June '15)Not Available Vail Economic Indicators: Business Growth (2004-2015) Vail Economic Indicators: Macroeconomic (2004-2015) Annual (July '14 - June '15)$1,700,886,000 Annual (January '15 - December '15)Not Available Annual (January '15 - December '15)Not available Annual (July '13 - June '14)5,320 Annual (July '13 - June '14)$1,556,419,000 Annual (January '14 - December '14)4.20% Annual (January '14 - December '14)31,357 Annual (July '12 - June '13)5,289 Annual (July '12 - June '13)$1,422,107,000 Annual (January '13 - December '13)6.80% Annual (January '13 - December '13)28,445 Annual (January '12 - December '12) Annual (July '08 - June '09)$1,449,899,000 Annual (January '09 - December '09)7.4% Annual (July '10 - June '11)$1,370,288,000 Annual (January '11 - December '11)8.5% Annual (July '06 - June '07) 29,127 Annual (January '07 - December '07) Annual (January '08 - December '08) $1,491,847 ,000 30,300 Annual (January '07 - December '07) Annual (July '05 - June '06) 30,477 3.6%Annual (January '08 - December '08) $1,373,139 ,000 $1,459,685,000 Annual (July '07 - June '08) US Dollar vs. Euro Annual (January '06 - December '06) Annual (as of July '06) Consumer Confidence Index Unemployment rate in Eagle County Annual (January '06 - December '06) Number of estimated full-time residents in Vail Estimated number of people employed in Eagle County 2.9%3.4% 4,871 US Dollar vs. Euro Unemployment Rate Colorado State Government, Department of Local Affairs Consumer Confidence Index US Conference Board Colorado Department of Labor - Local Area Unemployment Statistics Population Estimates US Federal Reserves Employment Colorado Department of Labor - Local Area Unemployment Statistics Banking Deposits in Eagle County Total amount of banking deposits (USD) FDIC 4,960 Annual (June '09 - July '10) Annual (June '08 - July '09) Annual (January '09 - December '09)27,961 Annual (as of July '07)Annual (June '07 - July '08)4,812 Annual (July '09 - June '10)$1,409,032,000 Annual (January '10 - December '10)9.5% Annual (January '10 - December '10)26,582 26,884 Annual (June '10 - July '11)5,2425,027 5,278 Annual (January '11 - December '11) Annual (July '11 - June '12)$1,385,085,000 7.80% Annual (January '12 - December '12)27,388 5,252Annual (June '11 - July '12) Vail Economic Indicators: Business Growth_ Macro Econ Page 5 of 5 Last Modified: 2/10/2016