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HomeMy WebLinkAbout2016_February_VBR Vail Business Review February 2016 April 19, 2016 The February Vail Business Review breaks down the four percent sales tax collected for February. Overall February sales tax increased 3.1% with Retail increasing 1.2%, Lodging increased 3.2%, Food and Beverage increased 2.3 and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) increased 14.1%. Excluding the Out of Town category, sales tax for the month of February was up 2.6%. 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 FebruaryFebruaryFebruaryFebruary Sales Tax Newsletter February 2016 Sales TaxFebruary 2016 Sales TaxFebruary 2016 Sales TaxFebruary 2016 Sales Tax FebruaryFebruaryFebruary 2015 2016 % Collections Collections Change VAIL VILLAGE Retail 516,013 493,832 -4.30 % Lodging 749,382 772,135 3.04 % F & B 583,160 577,828 -0.91 % Other 14,372 26,205 82.34 % Total 1,862,927 1,870,000 0.38 % LIONSHEAD Retail 213,889 224,220 4.83 % Lodging 476,547 529,860 11.19 % F & B 127,231 150,088 17.96 % Other 7,323 12,396 69.27 % Total 824,990 916,563 11.10 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 217,298 226,742 4.35 % Lodging 271,106 248,525 -8.33 % F & B 94,424 94,424 0.00 % Other 6,755 6,112 -9.52 % Total 589,583 575,803 -2.34 % OUT OF TOWN Retail 76,055 91,093 19.77 % Lodging 67,362 63,941 -5.08 % F & B 1,201 2,392 99.07 % Utilities & Other 173,149 185,371 7.06 % Total 317,768 342,797 7.88 % 4/19/2016 2:39:25 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW FebruaryFebruaryFebruaryFebruary Sales Tax Newsletter February 2016 Sales TaxFebruary 2016 Sales TaxFebruary 2016 Sales TaxFebruary 2016 Sales Tax TOTALTOTALTOTALTOTAL FebruaryFebruaryFebruary 2015 2016 % Collections Collections Change Retail 1,023,254 1,035,888 1.23 % Lodging And Property Mgmt 1,564,397 1,614,461 3.20 % Food and Beverage 806,016 824,731 2.32 % Other 201,599 230,084 14.13 % Total 3,595,267 3,705,164 3.06 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY FebruaryFebruaryFebruary 2015 2016 % Collections Collections Change RETAIL-FOOD 159,201 164,817 3.53 % RETAIL-LIQUOR 61,951 64,313 3.81 % RETAIL-APPAREL 202,630 181,964 -10.20 % RETAIL-SPORT 445,990 470,315 5.45 % RETAIL-JEWELRY 27,776 21,032 -24.28 % RETAIL-GIFT 4,903 5,504 12.25 % RETAIL-GALLERY 9,542 3,546 -62.83 % RETAIL-OTHER 111,200 124,397 11.87 % RETAIL-HOME OCCUPATION 62 0 -100.00 % Total 1,023,254 1,035,888 1.23 % 4/19/2016 2:39:25 PM Page 2 of 2