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HomeMy WebLinkAbout2016_January_VBR Vail Business Review January 2016 March 26, 2016 The January Vail Business Review breaks down the four percent sales tax collected for January. Overall January sales tax decreased .8% with Retail decreasing 2.2%, Lodging decreased 1.1%, Food and Beverage increased 2.3 and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) decreased 3.4%. Excluding the Out of Town category, sales tax for the month of January was down .6%. 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 2016 Sales TaxJanuary 2016 Sales TaxJanuary 2016 Sales TaxJanuary 2016 Sales Tax JanuaryJanuaryJanuary 2015 2016 % Collections Collections Change VAIL VILLAGE Retail 536,085 519,196 -3.15 % Lodging 738,459 741,864 0.46 % F & B 579,162 586,372 1.24 % Other 21,840 20,453 -6.35 % Total 1,875,546 1,867,884 -0.41 % LIONSHEAD Retail 243,076 236,066 -2.88 % Lodging 486,863 499,091 2.51 % F & B 140,548 146,556 4.27 % Other 6,586 5,170 -21.50 % Total 877,072 886,883 1.12 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 214,899 219,567 2.17 % Lodging 255,501 224,333 -12.20 % F & B 94,670 99,998 5.63 % Other 7,910 6,836 -13.58 % Total 572,980 550,735 -3.88 % OUT OF TOWN Retail 91,539 87,203 -4.74 % Lodging 75,227 73,658 -2.09 % F & B 2,762 2,863 3.66 % Utilities & Other 201,901 197,628 -2.12 % Total 371,429 361,352 -2.71 % 3/26/2016 4:37:36 PM 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 2016 Sales TaxJanuary 2016 Sales TaxJanuary 2016 Sales TaxJanuary 2016 Sales Tax TOTALTOTALTOTALTOTAL JanuaryJanuaryJanuary 2015 2016 % Collections Collections Change Retail 1,085,600 1,062,032 -2.17 % Lodging And Property Mgmt 1,556,050 1,538,946 -1.10 % Food and Beverage 817,141 835,789 2.28 % Other 238,237 230,086 -3.42 % Total 3,697,028 3,666,854 -0.82 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY JanuaryJanuaryJanuary 2015 2016 % Collections Collections Change RETAIL-FOOD 155,371 157,409 1.31 % RETAIL-LIQUOR 61,248 62,941 2.76 % RETAIL-APPAREL 201,215 179,468 -10.81 % RETAIL-SPORT 504,767 512,111 1.45 % RETAIL-JEWELRY 21,979 18,456 -16.03 % RETAIL-GIFT 6,398 5,662 -11.50 % RETAIL-GALLERY 7,074 4,071 -42.45 % RETAIL-OTHER 127,485 121,912 -4.37 % RETAIL-HOME OCCUPATION 62 0 -100.00 % Total 1,085,600 1,062,032 -2.17 % 3/26/2016 4:37:36 PM Page 2 of 2