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HomeMy WebLinkAbout2016_May_VBR Vail Business Review May 2016 July 13, 2016 The May Vail Business Review breaks down the four percent sales tax collected for May. Overall May sales tax increased 7.1% with Retail increasing 14.3%, Lodging decreased .3%, Food and Beverage increased .9% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) increased 7.0%. Excluding the Out of Town category, sales tax for the month of May was up 3%. 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 MayMayMayMay Sales Tax Newsletter May 2016 Sales TaxMay 2016 Sales TaxMay 2016 Sales TaxMay 2016 Sales Tax MayMayMay 2015 2016 % Collections Collections Change VAIL VILLAGE Retail 47,045 57,304 21.81 % Lodging 44,178 53,256 20.55 % F & B 93,911 100,449 6.96 % Other 2,498 4,079 63.27 % Total 187,633 215,089 14.63 % LIONSHEAD Retail 12,194 8,591 -29.55 % Lodging 32,154 28,838 -10.31 % F & B 23,201 16,703 -28.01 % Other 4,096 4,752 16.02 % Total 71,645 58,883 -17.81 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 86,112 89,552 3.99 % Lodging 16,422 9,592 -41.59 % F & B 27,576 29,027 5.26 % Other 4,022 3,196 -20.54 % Total 134,132 131,367 -2.06 % OUT OF TOWN Retail 78,395 100,278 27.91 % Lodging 3,090 3,829 23.92 % F & B 340 78 -77.18 % Utilities & Other 109,868 116,870 6.37 % Total 191,693 221,055 15.32 % 7/13/2016 11:13:17 AM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW MayMayMayMay Sales Tax Newsletter May 2016 Sales TaxMay 2016 Sales TaxMay 2016 Sales TaxMay 2016 Sales Tax TOTALTOTALTOTALTOTAL MayMayMay 2015 2016 % Collections Collections Change Retail 223,747 255,725 14.29 % Lodging And Property Mgmt 95,844 95,516 -0.34 % Food and Beverage 145,029 146,257 0.85 % Other 120,484 128,897 6.98 % Total 585,103 626,395 7.06 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY MayMayMay 2015 2016 % Collections Collections Change RETAIL-FOOD 66,472 67,064 0.89 % RETAIL-LIQUOR 18,349 19,464 6.08 % RETAIL-APPAREL 23,587 27,941 18.46 % RETAIL-SPORT 20,093 20,758 3.31 % RETAIL-JEWELRY 4,761 6,079 27.69 % RETAIL-GIFT 1,706 1,379 -19.16 % RETAIL-GALLERY 283 1,174 314.79 % RETAIL-OTHER 88,467 111,866 26.45 % RETAIL-HOME OCCUPATION 29 0 -100.00 % Total 223,747 255,725 14.29 % 7/13/2016 11:13:17 AM Page 2 of 2