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HomeMy WebLinkAboutVail Economic Indicators Combined Winter 2015.16 FINAL Attachment: Vail Economic Indicators Table Town of Vail Economic Indicators Summary (Based on data as of April 30, 2016) INTRODUCTION: This summary is provided as a part of the Town of Vail 2016 Economic Development Strategic Plan and introduces a summary report of Vail Economic Indicators representing a winter 15/16 (November – April) seasonal view along with 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 thought to be generally accurate but not independently verified. Tourism Vail’s 2015/16 winter season experienced growth in most tourism indicators. During the 2015/16 winter season, Vail experienced a slight decrease in occupancy (-1.5%), the first decrease since the “Great Recession”, which started just before the 2008/09 season. Average Daily Rate (ADR) continues to increase year over year (+4.5%) resulting in an increase in revenue per available room (+3.0%), which corresponds with the year over year increase in the Town of Vail’s lodging tax collections (+3.5%). Vail’s occupancy during the 2015/16 season is below (-5.9%) its pre-recession high of 60.3%, while ADR has exceeded its pre-recession peak (+20.7%) and represents the highest since this measurement system was established. According to Vail’s Daily Occupancy Report (produced by DestiMetrics), for the second season in a row, roughly 100 days or 55.2% of the winter season were at an occupancy of 70% or higher with 64% of these days achieving an occupancy between 80% and 90%. This further depicts a limited supply of inventory to accommodate demand, which continues to drive up rates. Comparatively other U.S. western mountain resorts (based on overall DestiMetrics industry data), increased more in occupancy (+4.4%) and less in rate (+0.8%) and achieved an increase in total revenue per available room (+5.2%), which slightly out performed Vail’s increase (+3.0%). Other metrics to note are snowfall, which increased (+20.8%) on-mountain and (+8.5%) in town. Gasoline prices declined significantly (-18.6%) for the fourth season in a row but had little effect on drive traffic, which can be seen from the static year over year Tunnel Traffic. Deplanements at Eagle County Regional Airport, which had seen declining flights and capacity in recent years, have increased slightly (+2.4%) for the second consecutive season. A variety of special events took place during the winter months, with overall attendance and participation declining significantly due to absence of the 2015 FIS World Alpine Ski Championships that took place the prior season. Other events saw very little change in attendance, most notable of which is the Burton US Open Snowboarding Championship, whose attendance is the same year over year. Vail event attendance reporting is now consistently being measured by a third party research firm (RRC Associates), which is resulting in less dramatic increases/decreases in event attendance data from season to season. Real Estate This season’s real estate indicators show a slight increase in number of transactions (+3.9%) and a more notable increase in average sale price per transaction (+13.9%) with total gross sales increasing (+13.2%). Average price per square foot decreased (-6.2%). These metrics reflect more demand for higher priced and larger homes than in the prior season. 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 very slight increase in overall winter sales tax revenue (+0.7%) following the previous winter season’s sales tax revenue, which had increased (+6.7%). Specifically, lodging (+3.5%) and food and beverage (+0.1%) each saw a year over year increase but retail sales tax collections (-4.3%) experienced a decline year over year. When segmented by neighborhood, Cascade/Sandstone/East & West Vail (-1.0%) and Vail Village (-0.5%) both experienced declines overall compared to Lionshead, which showed a slight increase (+2.9%). A study conducted by DestiMetrics shows that the average of taxable sales at comparable ski towns was up season-over- season in lodging sales (+5.2%) and total taxable sales (+3.5%). 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 Attachment: Vail Economic Indicators Table the seasonal indicators above. Construction use tax showed a significant increase in 2015 from 2014 (+19.1%). Real estate transfer tax collections also increased but slightly in 2015 from 2014 (+1.7%). In 2015, property taxes increased nominally (0.7%) from 2014. Town Reserves as measured by General Fund Balances remain very healthy at $23.6 million, a +20% increase over the previous year. 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 2015 calendar year. While not as telling of the current market conditions, the Business Growth indicators show a healthy economy as evidenced by unemployment in Eagle County, which experienced another significant decrease, from 4.2% to 3.1%. The number of employed persons in Eagle County increased nominally in 2015 from 2014 (+0.2%). Macro Economics The broader economic conditions have a significant impact on determining consumers’ discretionary spending and leisure habits, which in turn can significantly impact Vail’s economic performance. Though there are global challenges, they have only recently crept into the US national and regional marketplaces. The more favorable economic conditions of these past several years are beginning to give way to slightly greater domestic volatility, which impacted winter 2015/16 travel patterns, most notably in a declining tolerance for rate increase. Among the positive economic variables is the continuing low cost of gas and other transportation fuels, while among the negative is the rising foreign exchange rates that increase travel costs for Vail international visitors causing some tourism indicators to be lower or flat to last season. (1) Consumer Confidence has spent the past six months in the mid- 90-point range, with no clear direction and staying below the emotionally significant 100-point mark. Consumers are struggling to feel confident that the overall trajectory of the economy is upward, in part due to the turmoil on financial marketplaces since August, 2015, and the impact of that turmoil on retirement and investment accounts. (2) Job Creation & Unemployment has been, and continues to be, the strongest part of the economic/consumer engine. Employers added an average of 210,000 jobs during winter 2015/16, down slightly from the prior six months, but continuing a record 69-month streak of job creation, during which an average of 200,130 jobs have been added per month. The national unemployment rate was at or below 5.0 percent for the duration of winter 2015/16 and is now well-established below pre-recession levels. (3) Wall Street and other domestic financial markets have been heavily impacted by global events over the course of the winter season, with volatility built into the market before winter began following a dramatic decline in August 2015. Further international turmoil, headed by instability in Asia and concerns around the EU and its ability to handle the refugee crisis, resulted in additional significant losses of greater than 5.5 percent in January, which impacted the travel industry somewhat on the rate side. In each case, the downward movement of financial markets was significant enough to trigger consumer concern as savings accounts and retirement funds suffered. (4) Foreign Exchange Rates continued to be very high for visitors wishing to travel to the US from other countries this past winter, as the US dollar remains the strongest major currency in the global marketplace. Falling oil prices, domestic instability in the EU, a fledgling – and struggling - Asian marketplace, and a refugee crisis of epic proportions in Europe have all conspired to keep these exchange rates 16 to 20 percent below par and are preventing any hope for recovery in the near-term. Additionally, the lure of travel abroad to US consumers has anecdotally created bleed from the domestic marketplace to destinations abroad, creating fulfillment challenges that are difficult to overcome. 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 and Senior Analyst DestiMetrics LLC Data provided were collected by the TOV and DestiMetrics in Jan. 2009 and updated in June/July 2016 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)Report Date ('15-'16)Data ('15-'16)Winter (November '04 - April '05)N/AWinter (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)57.8%Winter (November '15 - April '16)56.9%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%Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)N/AWinter (November '05 - April '06)$363Winter (November '06 - April '07)$376Winter (November '07 - April '08)$407Winter (November '08 - April '09)$384Winter (November '09 - April '10)$353Winter (November '10 - April '11)$374Winter (November '11 - April '12)$398Winter (November '12 - April '13)$415Winter (November '13 - April '14)$443Winter (November '14 - April '15)$492Winter (November '15 - April '16)$513Summer (May '05 - October '05)$142Summer (May '06 - October '06)$158Summer (May '07 - October '07)$155Summer (May '08 - October '08)$155Summer (May '09 - October '09)$146Summer (May '10 - October '10)$151Summer (May '11 - October '11)$163Summer (May '12 - October '12)$169Summer (May '13 - October '13)$173Summer (May '14 - October '14)$190Summer (May '15 - October '15)$199 Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)Not availableWinter (November '05 - April '06)Not availableWinter (November '06 - April '07)Not availableSummer (May '05 - October '05)Not availableSummer (May '06 - October '06)Not availableSummer (May '07 - October '07)Not availableVail Recreation DistrictVisitors to the Vail Golf CourseSummer (May '05 - October '05)23,000Summer (May '06 - October '06)22,300Summer (May '07 - October '07)24,600Summer (May '08 - October '08)24,993Summer (May '09 - October '09)23,414Summer (May '10 - October '10)23,332Summer (May '11 - October '11)21,963Summer (May '12 - October '12)25,000Summer (May '13 - October '13)24,681Summer (May '14 - October '14)24,187Summer (May '15 - October '15)24,334Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)332,424Winter (November '05 - April '06)325,972Winter (November '06 - April '07)342,417Winter (November '07 - April '08)350,896Winter (November '08 - April '09)288,307Winter (November '09 - April '10)324,979Winter (November '10 - April '11)343,896Winter (November '11 - April '12)319,223Winter (November '12 - April '13)335,151Winter (November '13 - April '14)344,978Winter (November '14 - April '15)481,875Winter (November '15 - April '16)379,468 Summer (May '05 - October '05)Not availableSummer (May '06 - October '06)Not availableSummer (May '07 - October '07)Not availableSummer (May '08 - October '08)Not availableSummer (May '09 - October '09)297,349Summer (May '10 - October '10)312,603Summer (May '11 - October '11)645,725Summer (May '12 - October '12)Not availableSummer (May '13 - October '13)347,451Summer (May '14 - October '14)Not AvailableSummer (May '15 - October '15)481,875Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)181,275Winter (November '05 - April '06)176,716Winter (November '06 - April '07)174,085Winter (November '07 - April '08)184,505Winter (November '08 - April '09)182,028Winter (November '09 - April '10)187,045Winter (November '10 - April '11)179,971Winter (November '11 - April '12)167,682Winter (November '12 - April '13)173,777Winter (November '13 - April '14)173,967Winter (November '14 - April '15)269,587Winter (November '15 - April '16)243,814 Summer (May '05 - October '05)Not availableSummer (May '06 - October '06)Not availableSummer (May '07 - October '07)Not availableSummer (May '08 - October '08)Not availableSummer (May '09 - October '09)218,482Summer (May '10 - October '10)221,233* (VVMC Parking Lot Closed)Summer (May '11 - October '11)463,139Summer (May '12 - October '12)Not availableSummer (May '13 - October '13)153,566Summer (May '14 - October '14)Not AvailableSummer (May '15 - October '15)215,528Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)4,712Winter (November '05 - April '06)9,406Winter (November '06 - April '07)N/AWinter (November '07 - April '08)5,947Winter (November '08 - April '09)7,836Winter (November '09 - April '10)7,795Winter (November '10 - April '11)1,675Winter (November '11 - April '12)2,074Winter (November '12 - April '13)4,401Winter (November '13 - April '14)3,270Winter (November '14 - April '15)1,290Winter (November '15 - April '16)9,077Summer (May '05 - October '05)JULY 4THSummer (May '06 - October '06)JULY 4THSummer (May '07 - October '07)JULY 4THSummer (May '08 - October '08)JULY 4THSummer (May '09 - October '09)JULY 4THSummer (May '10 - October '10)4,853Summer (May '11 - October '11)3,072Summer (May '12 - October '12)Not availableSummer (May '13 - October '13)2,294Summer (May '14 - October '14)Not AvailableSummer (May '15 - October '15)775Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)43/VV 13/LHWinter (November '05 - April '06)45/VV 27/LHWinter (November '06 - April '07)66/VV 31/LHWinter (November '07 - April '08)58/VV 25/LHWinter (November '08 - April '09)50/VV 25/LHWinter (November '09 - April '10)40/VV 20/LHWinter (November '10 - April '11)7/VV 7/LHWinter (November '11 - April '12)8/VV 7/LHWinter (November '12 - April '13)10Winter (November '13 - April '14)7Winter (November '14 - April '15)16/VV 5/LH Both full = 5Winter (November '15 - April '16)27Summer (May '05 - October '05)JULY 4THSummer (May '06 - October '06)JULY 4THSummer (May '07 - October '07)JULY 4THSummer (May '08 - October '08)JULY 4THSummer (May '09 - October '09)JULY 4THSummer (May '10 - October '10)21/VV 14/LHSummer (May '11 - October '11)15/VV 9/LHSummer (May '12 - October '12)Not availableSummer (May '13 - October '13)14/VV 6/LHSummer (May '14 - October '14)Not AvailableSummer (May '15 - October '15)5Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)9,007,732Winter (November '05 - April '06)10,894,042Winter (November '06 - April '07)11,359,350Winter (November '07 - April '08)12,005,377Winter (November '08 - April '09)11,612,990Winter (November '09 - April '10)11,848,627Winter (November '10 - April '11)12,421,502Winter (November '11 - April '12)12,618,182Winter (November '12 - April '13)12,337,722Winter (November '13 - April '14)11,140,387Winter (November '14 - April '15)12,430,716Winter (November '15 - April '16)13,172,733Summer (May '05 - October '05)11,561,666Summer (May '06 - October '06)12,639,845Summer (May '07 - October '07)13,237,818Summer (May '08 - October '08)13,600,079Summer (May '09 - October '09)13,517,792Summer (May '10 - October '10)13,974,281Summer (May '11 - October '11)14,117,198Summer (May '12 - October '12)14,213,370Summer (May '13 - October '13)13,895,694Summer (May '14 - October '14)13,803,008Summer (May '15 - October '15)14,311,763Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)175,641Winter (November '05 - April '06)180,086Winter (November '06 - April '07)179,620Winter (November '07 - April '08)181,602Winter (November '08 - April '09)173,333Winter (November '09 - April '10)166,409Winter (November '10 - April '11)161,847Winter (November '11 - April '12)147,121Winter (November '12 - April '13)138,583Winter (November '13 - April '14)131,323Winter (November '14 - April '15)133,304Winter (November '15 - April '16)136,544Summer (May '05 - October '05)39,779Summer (May '06 - October '06)37,750Summer (May '07 - October '07)48,043Summer (May '08 - October '08)37,300Summer (May '09 - October '09)8,434 (airport was closed May - Aug.)Summer (May '10 - October '10)37,760Summer (May '11 - October '11)32,418Summer (May '12 - October '12)26,626Summer (May '13 - October '13)29,162Summer (May '14 - October '14)29,737Summer (May '15 - October '15)26,791Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)Not availableWinter (November '05 - April '06)Not availableWinter (November '06 - April '07)20,004Winter (November '07 - April '08)18,051Winter (November '08 - April '09)20,949Winter (November '09 - April '10)17,483Winter (November '10 - April '11)16,323Winter (November '11 - April '12)17,757Winter (November '12 - April '13)22,635Winter (November '13 - April '14)16,818Winter (November '14 - April '15)19,055Winter (November '15 - April '16)23,659Summer (May '05 - October '05)Not availableSummer (May '06 - October '06)25,032Summer (May '07 - October '07)22,658Summer (May '08 - October '08)26,098Summer (May '09 - October '09)24,774Summer (May '10 - October '10)24,168Summer (May '11 - October '11)26,132Summer (May '12 - October '12)26,142Summer (May '13 - October '13)19,640Summer (May '14 - October '14)16,850*Summer (May '15 - October '15)25,896Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)Not availableWinter (November '05 - April '06)Not availableWinter (November '06 - April '07)14,319Winter (November '07 - April '08)12,575Winter (November '08 - April '09)11,576Winter (November '09 - April '10)10,616Winter (November '10 - April '11)6,972Winter (November '11 - April '12)8,689Winter (November '12 - April '13)29,225Winter (November '13 - April '14)13,582Winter (November '14 - April '15)20,635Winter (November '15 - April '16)23,579Summer (May '05 - October '05)Not availableSummer (May '06 - October '06)31,103Summer (May '07 - October '07)25,340Summer (May '08 - October '08)19,319Summer (May '09 - October '09)18,000Summer (May '10 - October '10)17,237Summer (May '11 - October '11)18,307Summer (May '12 - October '12)27,883Summer (May '13 - October '13)16,512Summer (May '14 - October '14)21,359Summer (May '15 - October '15)18,539Summer (May '16 - October '16)Not Available*Vail Village Welcome Center closed for construction on August 15, 2014 for the duration of the summer. The operation moved to the Transit CenterOnTheSnow.com On Vail Mountain - Measured in inchesWinter (November '04 - April '05)Not availableWinter (November '05 - April '06)Not availableWinter (November '06 - April '07)Not availableWinter (November '07 - April '08)Not availableWinter (November '08 - April '09)393Winter (November '09 - April '10)271Winter (November '10 - April '11)459Winter (November '11 - April '12)172Winter (November '12 - April '13)288Winter (November '13 - April '14)264Winter (November '14 - April '15)234Winter (November '15 - April '16)292Town of Vail Public Works DepartmentIn Town of Vail - Measured in inchesWinter (November '04 - April '05)185Winter (November '05 - April '06)244Winter (November '06 - April '07)171Winter (November '07 - April '08)300Winter (November '08 - April '09)211Winter (November '09 - April '10)174Winter (November '10 - April '11)262Winter (November '11 - April '12)112Winter (November '12 - April '13)185Winter (November '13 - April '14)227Winter (November '14 - April '15)172Winter (November '14 - April '15)188Winter (November '04 - April '05)3,611,648Winter (November '05 - April '06)5,406,952Winter (November '06 - April '07)5,694,884Winter (November '07 - April '08)5,709,007Winter (November '08 - April '09)5,730,889Winter (November '09 - April '10)5,690,262Winter (November '10 - April '11)5,236,367Winter (November '11 - April '12)5,160,226Winter (November '12 - April '13)5,211,592Winter (November '13 - April '14)5,458,044Winter (November '14 - April '15)5,557,278Winter (November '15 - April '16)5,864,849Summer (May '05 - October '05)5,488,399Summer (May '06 - October '06)5,585,158Summer (May '07 - October '07)6,074,027Summer (May '08 - October '08)5,821,092Summer (May '09 - October '09)6,043,720Summer (May '10 - October '10)5,833,139Summer (May '11 - October '11)5,554,275Summer (May '12 - October '12)5,598,788Summer (May '13 - October '13)5,609,828Summer (May '14 - October '14)5,829,054Summer (May '15 - October '15)6,074,994Summer (May '16 - October '16)Not AvailableVail Economic Indicators: Tourism (2004-2016)Annual (January '14 - December '14)71,000 (estimate)Total SnowfallLodging Report: Occupancy DestiMetrics: Booking patterns at 18 Vail lodging propertiesLodging Report: Average Nightly Room RatesDestiMetrics: Booking patterns at 18 Vail lodging properties75,000 (estimate)TOV Transportation85,000 (estimate)Annual (January '11 - December '11)80,000 (estimate)80,000 (estimate)Vail Recreation DistrictAnnual (January '10 - December '10)Annual (January '08 - December '08)Communication DepartmentNumber of people into Denver International AirportTOV TransportationDIAAirport StatisticsAverage number of rooms occupied (2247 out of 3598)Average nightly room ratesNumber of days Parking structures fullNumber of vehicles in Vail Village Parking StructureCDOTNumber of people into Eagle County AirportEagle County AirportNumber of visits to the Vail Village Information CenterTOV TransportationNumber of vehicles in Lionshead Parking StructureNumber of visitors to the Dobson Ice ArenaTOV TransportationCommunication DepartmentTunnel TrafficVail Information Center VisitsCommunity Center AttendanceParking CountsNumber of visits to the Lionshead Information CenterNumber of vehicles on frontage roadsAnnual (January '14 - December '14)47,000Number of vehicles thru the Eisenhower Tunnel/Vail Pass43,646Annual (January '13 - December '13)Annual (January '13 - December '13)85,000 (estimate)Annual (January '09 - December '09)80,000 (estimate)Annual (January '12 - December '12)Vail Economic Indicators: TourismPage 1 of 5Last Modified: 7/14/2016 Data provided were collected by the TOV and DestiMetrics in Jan. 2009 and updated in June/July 2016 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)Report Date ('15-'16)Data ('15-'16)Vail Economic Indicators: Tourism (2004-2016)Easter: Date SundayMarch 27, 2005SundayApril 16, 2006SundayApril 8, 2007SundayMarch 23, 2008SundayApril 12, 2009SundayApril 4, 2010SundayApril 24, 2011SundayApril 8, 2012SundayMarch 31, 2013SundayApril 20, 2014SundayApril 5, 2015SundayMarch 27, 20164th of July: Day of the weekJuly 4, 2005MondayJuly 4, 2006TuesdayJuly 4, 2007WednesdayJuly 4, 2008FridayJuly 4, 2009SaturdayJuly 4, 2010SundayJuly 4, 2011MondayJuly 4, 2012WednesdayJuly 4, 2013ThursdayJuly 4, 2014FridayJuly 4, 2015SaturdayJuly 4, 2016MondayChristmas: Day of the weekDecember 25, 2005SundayDecember 25, 2006MondayDecember 25, 2006TuesdayDecember 25, 2007WednesdayDecember 25, 2008ThursdayDecember 25, 2009FridayDecember 25, 2010SaturdayDecember 25, 2011SundayDecember 25, 2012TuesdayDecember 25, 2013WednesdayDecember 25, 2014ThursdayDecember 25, 2015FridayWinter (November '04 - April '05)$1.94Winter (November '05 - April '06)$2.33Winter (November '06 - April '07)$2.33Winter (November '07 - April '08)$3.03Winter (November '08 - April '09)$1.83Winter (November '09- April '10$2.85Winter (November '10 - April '11)$3.12Winter (November '11 - April '12)$3.35Winter (November '11 - April '12)$3.33Winter (November '13 - April '14)$3.31Winter (November '14 - April '15)$2.32Winter (November '15 - April '16)$1.95Summer (May '05 - October '05)$2.44Summer (May '06 - October '06)$2.77Summer (May '07 - October '07)$3.00Summer (May '08 - October '08)$3.69Summer (May '09 - October '09)$2.44Summer (May '10 - October '10)$2.76Summer (May '11 - October '11)$3.56Summer (May '12 - October '12)$3.52Summer (May '13 - October '13)$3.56Summer (May '14 - October '14)$3.50Summer (May '15 - October '15)$2.60Summer (May '15 - October '15)Not AvailableEvent AttendanceBig Beers Festival Big Beers Festival 2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occur2010Event did not occur2011Event did not occur2012Event did not occurEvent did not occurEvent did not occurWinter (January 9-11)2,013Winter (January 9-11)1,600Winter (January 9-11)3,200Vail SymposiumVail Symposium Winter2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occur2010Event did not occur2011Event did not occurDecember 29, 2011-April 22, 20121,513December 5, 2012-March 19, 20131,250Winter (January 10- April 3)1,241Winter (Dec 18-April 9) (EE)1,500Winter (Jan 4-March 29) (EE)1,400Vail Valley Foundation2015 FIS World Alpine Ski Champtionships2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occur2010Event did not occur2011Event did not occur2012Event did not occur2013Event did not occur2014Event did not occurFeb 2 - Feb 14, 2015204,707Feb 2 - Feb 14, 2016Event did not occurCanDoMS (EE) Vertical Express 2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occur2010Event did not occur2012Event did not occur2013Event did not occur2014Event did not occur2014Event did not occur2015Event did not occurFeb 21, 2016146Highline Sports & EntertainmentBurton US Open Snowboarding Championships2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occur2010Event did not occur2011Event did not occur2012Event did not occur1st year: Feb 27-March 291,000Burton US Open Snowboarding Championships 2nd year:3/3- 3/849,850Burton US Open Snowboarding Championships 3rd year:3/2-3/721,500Burton US Open Snowboarding Championships 4th year (2/29-3/5)21,500Vail Valley Medical CenterPINK Vail 2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occur2010Event did not occur2011Event did not occur2012Event did not occur3/9/2013 $352K raised13194/5/2014 $465K raised1,6253/21/2015 $720K raised2,4304/2 ($759,599 raised)2,900Vail Film Institute Vail Film Festival March 31- April 3, 200510,000March 30- April 2, 200612,000March 29- April 1, 200714,000April 3-6, 200812,500April 2-5, 200912,000April 1-4, 201014,000Mar 31- Apr 3, 201114,000Mar 29-Apr 1, 20125,071* RRC (14,000*from recap)March 28-31, 201312,000Winter (March 27-30)5,182Winter (March 26-29)6,800Winter (April 7-10)4,800Taste of Vail Taste of Vail April 6-9, 2005Not availableApril 5-8, 20064,000April 11-14, 20077,000March 29- April 1, 20087,000April 1 - 4, 20096,000April 8-10, 20106,600April 7, 20115,000Apr 5, 2012: Lamb Cook-off8,000April 3-6, 201310,731Winter (April 2-5)9,810Winter (April 2-5)5,100Winter (3/30-4/2)3,500Highline Sports & EntertainmentSpring Back to Vail April 4-16, 200550,000April 3-16, 200624,000April 2-15, 200726,000April 7-13, 200830,000April 13-19, 200930,000+April 12- 18, 201040,000Apr 16-24, 201170,000 (2 weekends)Apr 9 - 15, 201230,000April 8-14, 201340,000Winter (April 11-13, April 20)54,637Winter (April 17-19)10,800Winter (April 8-10)7,000Applied Leadership Series (EE)Vail Centre (Vail Leadership Institute)2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occur2010Event did not occur2011Event did not occur2012Event did not occur2013Event did not occur2014Event did not occur2015Event did not occur2016: Feb 27, April 9, June 25, Aug 20428Vail Valley FoundationTeva Mountain Games (GoPro Mtn Games beginning 2013)June 1-5, 200512,000 (snow!)May 31- June 4, 200628,000May 30- June 3, 200730,000June 4-8, 200835,000June 4-7, 200940,000 -VVF is now promoterJune 3-6, 201035,037June 2-5, 201146,897May 31-June 3, 201243,889*June 6-9, 201353,579GoPro Mtn Games 58,000GoPro Mtn Games:Jun 4-746,000GoPro Mtn Games:Jun 4-7Not AvailableVail Valley FoundationHot Summer Nights7 Tuesdays, June 14- July 26, 200526,40010 Tuesdays: June 13- August 2933,0639 Tuesdays: June 19- August 21, 200732,6259 Tuesdays: June 16- August 19, 200828,6689 Tuesday: June 16 - Aug 1836,629Tuesdays, Jun 15- Aug 2431,8659 Tuesdays, June 14- Aug 30, 201133,6839 Tuesdays, June 12- Aug 21, 201232,7169 Tuesdays, Jun 18 - Aug 2730,505Summer (June 17-August 2)31,325Summer (June 17-August 2)19,837 weather impactsSummer (June 17-August 2)Not AvailableMeadow Drive PartnershipVail Farmers' MarketJune 19- September (14 Markets)75,000June 18- September 17, 2006 (14 Markets)100,000June 16- September 23, 2007 (14 Markets)120,000June 22- September 21, 2008 (14 Markets)130,000June 21 - Sept 20, 2009 (14 markets)140,000June 20- Sep 19, 2010140,000June 19-Sept 25, 2011 (15 markets)168,000June 17- Sept 30 (16 Markets)140,00017 Sundays, June 16- Oct 6205,742Summer (June 15-October 5)209,857Summer (June 15-October 5)79,000*Summer (June 15-October 5)Not AvailableColorado Lacrosse PromotionsVail Lacrosse ShootoutJune 25- July 4, 200592 teams 18,330 totalJune 24- July 4, 2006102 teams 16,000 totalJune 27- July 4,, 2007100 teams 17,116 totalJune 28- July 6, 2008104 teams 18,819 totalJune 26 - July 5, 200995 Teams 16,000 totalJune 26- Jul 4, 2010103 Teams 17,500 totalJune 25- July 3, 2011107 Teams 18,500June 30-July 8, 201299 Teams 23,617June 29-July 713,543Summer (June 29-July 6)10,180 (no Ford Park Fields)Summer (June 29-July 6)11,000Summer (June 29-July 6)Not AvailableEagle Valley Events America Days Monday, July 4, 200525,000Tuesday, July 4, 200630,000Wednesday, July 4, 200735,000Friday, July 4, 200835,000Saturday, July 4, 200940,000Sunday, July 4, 201035,500Monday, July 4, 201142,000Wed. July 4, 2012 Human Movement Management42,000 (63 parade entries)Highline: July 4-655,000Summer Highline (July 4)25,000Summer Highline (July 4)20,000Summer Highline (July 4)Not AvailableBravo!Bravo! (GRFA performances only)18 performances: June 26- July 29, 200535,06819 performances: June 28- July 28, 200636,72719 performances: June 27- July 27, 200732,64920 performances: June 25 - July 25, 200834,86819 Performances: July 1 - Aug 4, 200934,530June 25- Aug 3, 201041,46920 Performances: June 25-Aug 3, 2011 41,385June 25-Aug 4, 2012Ticketed: 45,492 Non-Ticketed: 13,205 Summer 2013: Ticketed @ GRFA: 42,762Total: 60,982Summer 201453,377Summer 201552,270Summer 2016Not AvailableVail Valley FoundationVail International Dance Festival (GRFA performances only)6 performances: July 30- August 7, 20059,5507 performances: July30- August 13, 200611,6548 performances: July 29- August 12, 200712,2497 performances: July 27- August 9, 200811,6988 Performances (GRFA): July 27 - Aug 10, 200917,500July 26- Aug 10, 201020,6099 Performances: July 26-Aug 14, 201116,968 10 Performances: July 24-Aug 11, 201218,419*9 Performances: July 28-Aug 918,700Summer (July 27-August 9)24,260Summer (July 27-August 9)13,800Summer (July 27-August 9)Not AvailableCommission on Special EventsCumulative Attendance at GRFA Performances: All EventsSummer 2005 46 performances 80,084Summer 200650 performances 91,752Summer 2007 47 performances 86,332 Summer 200843 performances 83,762Summer 200944 performances 91,013Summer 201048 performances 98,444Summer 201148 performances 101,549Summer 201249 performances 99,646Summer 201340 performances 91,481Summer 201434 Events105,194Summer 201542 Events88,309Summer 2016Not AvailableNA Sports Group (formerly Team Championships etc.)Kick-It 3v3 Soccer August 5-7, 2005276 teams 6293 including spectatorsAugust 4-6, 2006351 teams 7371 including spectatorsAugust 3-5, 2007309 teams 6489 including spectatorsAugust 1-3, 2008300 teams 6300 including spectatorsJuly 31 - Aug 2, 2009300 teams 8100 including spectatorsJul 30- Aug 1, 2010288 TeamsJuly 29-31, 201117,400 (290 teams)July 27-29, 201217,700 (295 teams)July 26 - 28, 201323,895 (295 teams)Kick-It 3v3 Soccer19,080 (265 teams) Did not play in Vail due to Field Constr.Kick-It 3v3 Soccer11,400Kick-It 3v3 SoccerNot AvailableCommission on Special EventsUSA Pro Cycling Challenge2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occur2010Event did not occurAug. 25, 2011 (1st Year)30,0002012Event did not occurAugust 23, Friday20,000August 23, Saturday8,000August 23, SaturdayEvent did not occurAugust 23, SaturdayNot AvailableVail Jazz Foundation Jazz @ the Market 9 Sundays2,7009 Sundays2,7009 Sundays2,7009 Sundays2,70010 Sundays: June 28-Aug 30, 20092,7009 Sundays, Jun 27- Aug 29/no July 4, 20103,000Jun 26- Aug 28, 2011 (10 Sundays)3,500June 24- Aug. 30 (10 Sundays)1,500(10 Sundays)2,250Jazz @ the Market3,000Jazz @ the Market6,500Jazz @ the MarketNot AvailableVail Jazz Foundation Jazz @ Vail Square 2005Event did not occur2006Event did not occur2007Event did not occurJuly 31- August 28, 2008 (1st year: 5 3,0005 Thursdays: Aug 6 - Sept 3, 20093,5005 Thursdays, Aug 5- Sep 2, 20102,700July 7- Sept 1, 2011 (9 Thursdays)7,200(9 Thursdays)9,000(9 Thursdays)9,000Jazz @ Vail Square9,000Jazz @ Vail Square8,000Jazz @ Vail SquareNot AvailableVail Jazz Foundation Vail Jazz Party September 2-5, 20053,500September 1-4, 20063,500August 31- September 3, 20073,500August 29-Sept 1, 20083,500Sept 3 - 7, 20094,000Sep 2-6, 20104,800Sept 2-5, 20113,200Aug 31- Sept 3, 20123,500Aug 30 - Sept 2, 20133,000Labor Day Weekend 20143,400Labor Day Weekend 20153,500Labor Day Weekend 2015Not AvailableLakeside StrideVail Summer Bluegrass Series (5)2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occur2010Event did not occur2011Event did not occur2012Event did not occur2013Event did not occurJuly 2, 16 & Aug 13, 272500July 2, 16 & Aug 13, 271,900July 2, 16 & Aug 13, 27Not AvailableGrand Traverse Adventures/VRDKeen Vail Kids Adventure Race2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occurAug. 7, 2010396Aug. 13, 20111,744August 10-12, 20122660*Aug 8-116820 (232 teams)Summer (August 7-10)8495(366 teams)Summer (August 7-10)2,700Summer (August 7-10)Not AvailablePeak Wellness Retreat (EE)Comp-Fit events and Women's Weekend2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occur2010Event did not occur2013Event did not occur2014Event did not occur2015Event did not occur2014Event did not occurAug 22 - 23, 20152002016Not AvailableHighline Sports & EntertainmentGourmet on GoreSeptember 3, 2005 (1st year)7,0002006Not institutedSeptember 1-2, 200712,500August 29-31, 200818,000Sept 4-6, 200920,000Sept 4-5, 201020,000-30,000Sept.3-5, 2011 (Monday added)30,000Aug 31- Sept 3, 201222,500*Aug 30- Sep 250,000Summer (August 29-September 1)25,000Summer (August 29-September 1)9,000Summer (August 29-September 1)Not AvailableHighline Sports & EntertainmentOktoberfestSeptember 9-11 & 16-18, 200540,000September 8-10 & 15-17, 200640,000September 7-9 @ 14-16, 200740,000September 5-7 & 12-14, 200840,000Sept 11-13 & 18-20, 200940,000+Sept 10-12 & 17-19, 201040,000-50,000Sept. 9-11 & 16-18, 201140,000Sept 7-9 LH, Sept 14-16 VV, 201231,000*Sep 6-8 LH & 13-15 VV55,000Summer (September 5-7, September 12-14)50,000Summer (September 5-7, September 12-14)9,300*Summer (September 5-7, September 12-14)Not AvailableVail Valley ConcoursVail Automotive Classic2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occur2010Event did not occur2011Event did not occur2012Event did not occur2013Event did not occurSept. 78000Sept. 76,500Sept. 7Not AvailableColorado Grand Colorado Grand 2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occur2010Event did not occur2011Event did not occur2012Event did not occur2013Event did not occurSept 12-132500Sept 12-13300Sept 12-13Not AvailableEagle Valley Events Top Shelf Harvest 2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occur2010Event did not occur2011Event did not occur2012Event did not occur2013Event did not occurSept. 27, 2014425Sept. 27, 2014350Sept. 27, 2014Not AvailableThe Greenspeed ProjectOutlier MTB FestivalSept 25-27 (1st year)1,400Sept 25-27 (1st year)Not AvailableGroup 970Vail-BC Restaurant Week2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occur2010Event did not occur2011Event did not occur2012Event did not occurSept 27 - Oct 6: Inaugural year42,211Summer (September 26-October 5)68,714Summer (September 26-October 5)19,300*Summer (September 26-October 5)Not AvailableAmerica Cup America Cup 2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occur2010Event did not occurSept. 15-18, 2011 (1st year)600Sept. 20-23850*Sep 10-15196 CompetitorsSummer (September 9-14)194 CompetitorsSummer (September 9-14)600 World Youth Fly Fishing ChampsSummer (September 9-14)Not AvailableLiving Well Living At Your Peak 2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occur2010Event did not occur2011Event did not occurSept. 13-15423Sep 19-21350September 11-1327 invited135 ForumX2015Event did not occur2016Not AvailableVail Symposium Unlimited Adventure Speaker Series (6 each year)2005Event did not occur200672520071,152200885820091,0072010777201181520126712013: 5 in series650Unlimited Adventure Speaker Series (6 each year)1,240See abovesee aboveSee aboveNot AvailableVail Valley Soccer ClubVail Challenge Cup October 1-2, 20052,200 players 4,000 spectatorsOctober 7-8, 20062,200 players 4,000 spectatorsOctober 6-7, 20072,000 players 3,500 spectatorsOctober 4-5, 20081,800 players 3,200 spectatorsSummer 20091,500 players 3,500 spectatorsSummer 20101980 players 3,500-4000 spectatorsOctober 1-2, 20113,100Oct. 6-7, 20127,500*Oct 5-6110 teamsOctober 4-5, 2014103 teams (no Vail fields)October 3-4, 2015132 TeamsOctober 3-4, 2015Not AvailableSki and Snowboard Club VailSki Swap October 28-29, 20053,000October 27,28, 20063,000October 26-27, 20073,500November 7-8, 20084,000November 20091,700November 20102,100October 28-29, 20112,862Oct. 26-27, 20122,095Oct 25-261,857October 24-26, 20143,547October 20154,184October 2015Not AvailableHighline Sports & EntertainmentSnow Daze 2005Event did not occurDecember 4-17, 2006 (1st year)15,000December 3-16, 200720,000December 8-15, 200817,500December 200920,000December 201075,000Dec. 5-11, 201175,000Dec. 10-16, 201255,000Dec 9-15, 201362,5182014: Dec 12-14 and 19-2150,000201550,0002016Not AvailableHighline Sports & EntertainmentVail Family Holidaze 2005Event did not occur2006Event did not occur2007Event did not occur2008Event did not occur2009Event did not occurDecember 2010 (1st year)Not AvailableDec. 17-25, 3150,000Dec. 17-25, 31, 201250,000Dec 20-22, 31, 20138,32520148,32520153,200(no skating shows)2016Not AvailableCalendarAverage price of gasoline per gallon (USD) in Colorado - ave of weekly averagesFuel PricesEnergy Information AdministrationHoliday TimingVail Economic Indicators: TourismPage 2 of 5Last Modified: 7/14/2016 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 ('14-'15)Data ('14-'15) Report Date ('15-'16)Data ('15-'16)Winter (November '05 - April '06)174Winter (November '06 - April '07)175Winter (November '07 - April '08)177Winter (November '08 - April '09)97Winter (November '09 - April '10)121Winter (November '10 - April '11)148Winter (November '11 - April '12)151Winter (November '12 - April '13)182Winter (November '13 - April '14)154Winter (November '14 - April '15)174Winter (November '15 - April '16)181Summer (May '06 - October '06)217Summer (May '07 - October '07)158Summer (May '08 - October '08)149Summer (May '09 - October '09)115Summer (May '10 - October '10)195Summer (May '11 - October '11)126Summer (May '12 - October '12)186Summer (May '13 - October '13)199Summer (May '14 - October '14)197Summer (May '15 - October '15)203Summer (May '16 - October '16)Not AvailableWinter (November '05 - April '06)$1,168,249Winter (November '06 - April '07)$2,169,933Winter (November '07 - April '08)$2,258,364Winter (November '08 - April '09)$2,854,325Winter (November '09 - April '10)$1,641,593Winter (November '10 - April '11)$1,780,462Winter (November '11 - April '12)$1,709,393Winter (November '12 - April '13)$1,423,375Winter (November '13 - April '14)$2,224,531Winter (November '14 - April '15)$1,733,518Winter (November '15 - April '16)$2,013,011Summer (May '06 - October '06)$1,391,526Summer (May '07 - October '07)$1,370,692Summer (May '08 - October '08)$2,508,787Summer (May '09 - October '09)$1,112,728.70Summer (May '10 - October '10)$2,111,644.10Summer (May '11 - October '11)$1,443,006Summer (May '12 - October '12)$1,382,832Summer (May '13 - October '13)$1,234,990Summer (May '14 - October '14)$1,584,734Summer (May '15 - October '15)$1,788,654Summer (May '16 - October '16)Not AvailableWinter (November '05 - April '06)$727Winter (November '06 - April '07)$902 Winter (November '07 - April '08)$768Winter (November '08 - April '09)$1,103Winter (November '09 - April '10)$791Winter (November '10 - April '11)$809Winter (November '11 - April '12)$820Winter (November '12 - April '13)$734Winter (November '13 - April '14)$828Winter (November '14 - April '15)$824Winter (November '15 - April '16)$777Summer (May '06 - October '06)$831Summer (May '07 - October '07)$726Summer (May '08 - October '08)$1,344Summer (May '09 - October '09)$568Summer (May '10 - October '10)$1,060Summer (May '11 - October '11)$724Summer (May '12 - October '12)$652Summer (May '13 - October '13)$682Summer (May '14 - October '14)$778Summer (May '15 - October '15)$803Summer (May '16 - October '16)Not AvailableWinter (November '05 - April '06)$203,275,300Winter (November '06 - April '07)$379,738,200Winter (November '07 - April '08)$399,730,500Winter (November '08 - April '09)$276,869,500Winter (November '09 - April '10)$198,632,700Winter (November '10 - April '11)$258,807,117Winter (November '11 - April '12)$252,990,200Winter (November '12 - April '13)$259,054,380Winter (November '13 - April '14)$331,847,416Winter (November '14 - April '15)$305,044,019Winter (November '15 - April '16)$351,322,620Summer (May '06 - October '06)$301,961,100Summer (May '07 - October '07)$216,569,400Summer (May '08 - October '08)$373,809,300Summer (May '09 - October '09)$127,963,800Summer (May '10 - October '10)$411,770,600Summer (May '11 - October '11)$174,867,073Summer (May '12 - October '12)$261,284,200Summer (May '13 - October '13)$235,995,092Summer (May '14 - October '14)$306,239,595Summer (May '15 - October '15)$363,096,860Summer (May '16 - October '16)Not AvailableWinter (November '05 - April '06)165Winter (November '06 - April '07)163Winter (November '07 - April '08)143Winter (November '08 - April '09)82Winter (November '09 - April '10)113Winter (November '10 - April '11)148Winter (November '11 - April '12)143Winter (November '12 - April '13)171Winter (November '13 - April '14)148Winter (November '14 - April '15)168Winter (November '15 - April '16)176Summer (May '06 - October '06)200Summer (May '07 - October '07)144Summer (May '08 - October '08)156Summer (May '09 - October '09)98Summer (May '10 - October '10)194Summer (May '11 - October '11)120Summer (May '12 - October '12)182Summer (May '13 - October '13)194Summer (May '14 - October '14)189Summer (May '15 - October '15)196Summer (May '16 - October '16)Not AvailableWinter (November '05 - April '06)5Winter (November '06 - April '07)10Winter (November '07 - April '08)11Winter (November '08 - April '09)15Winter (November '09 - April '10)8Winter (November '10 - April '11)5Winter (November '11 - April '12)8Winter (November '12 - April '13)11Winter (November '13 - April '14)6Winter (November '14 - April '15)6Winter (November '15 - April '16)5Summer (May '06 - October '06)2Summer (May '07 - October '07)7Summer (May '08 - October '08)6Summer (May '09 - October '09)17Summer (May '10 - October '10)1Summer (May '11 - October '11)6Summer (May '12 - October '12)4Summer (May '13 - October '13)5Summer (May '14 - October '14)8Summer (May '15 - October '15)7Summer (May '16 - October '16)Not Available Annual (January '16 - December '16)Not AvailableVail Economic Indicators: Real Estate (2004-2016)Annual (January '16 - December '16)Not AvailableAnnual (January '16 - December '16)Not AvailableAnnual (January '15 - December '15)Not AvailableAnnual (January '11 - December '11)Eagle County Assessor's OfficeAnnual (January '11 - December '11)Annual (January '12 - December '12)0Annual (January '12 - December '12)0Annual (January '12 - December '12)0Annual (January '12 - December '12)364Gross SalesAnnual (January '10 - December '10)Eagle County Assessor's OfficeFractional Fee Units ConstructedCommunity Development DepartmentNumber of additional fractional fee units constructed within VailDwelling Units Constructed0Annual (January '10 - December '10)Annual (January '10 - December '10)29,006sfAnnual (January '11 - December '11)00Annual (January '11 - December '11)0Annual (January '10 - December '10)9,250sfCommunity Development DepartmentAnnual (January '06 - December '06)Annual (January '06 - December '06)Number of commercial properties sold within VailAnnual (January '06 - December '06)00Annual (January '07 - December '07)Number of additional dwelling units constructed within Vail24Number of additional hotel units constructed within VailAnnual (January '06 - December '06)089Eagle County Assessor's OfficeResidential Properties SoldTotal Gross Sales Amount (USD) within VailEagle County Assessor's OfficeNumber of residential properties sold within VailReal Estate SalesEagle County Assessor's OfficeTotal number of Real Estate Transactions within VailEagle County Assessor's OfficeAverage sale price of Real Estate transactions within Vail77Average price of Real Estate per square foot within VailCommercial Properties SoldSale PricePrice Per Square FootNet New Commercial Square Footage Community Development DepartmentNet New Commercial Square Footage Constructed within VailHotel/ Accommodation Units ConstructedCommunity Development Department0Annual (January '08 - December '08)Annual (January '09 - December '09)11Annual (January '08 - December '08)0Annual (January '07 - December '07)Annual (January '07 - December '07)924,568sf36,207sf59Annual (January '09 - December '09)2Annual (January '09 - December '09)75090Annual (January '08 - December '08)Annual (January '13 - December '13)0Annual (January '08 - December '08)0Annual (January '09 - December '09)1,552sfAnnual (January '07 - December '07)9Annual (January '15 - December '15)0Annual (January '13 - December '13)0Annual (January '13 - December '13)4Annual (January '13 - December '13)Annual (January '15 - December '15)00Annual (January '14 - December '14)Annual (January '14 - December '14)Annual (January '14 - December '14)Annual (January '14 - December '14)Annual (January '15 - December '15)13146,0668Annual (January '15 - December '15)Vail Economic Indicators: Real EstatePage 3 of 5Last Modified: 7/14/2016 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.SourceDescriptionReport 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)Report Date ('15 -'16)Data ('15-'16)Winter (November '04 - April '05)$1,959,692Winter (November '05 - April '06)$2,150,643Winter (November '06 - April '07)$2,235,665Winter (November '07 - April '08)$2,102,116Winter (November '08 - April '09)$1,598,271Winter (November '09 - April '10)$1,696,072Winter (November '10 - April '11)$1,958,121Winter (November '11 - April '12)$2,064,417Winter (November '12 - April '13)$2,242,112Winter (November '13 - April '14)$2,519,032Winter (November '14 - April '15)$2,815,244Winter (November '15 - April '16)$2,623,519Summer (May '05 - October '05)$707,992Summer (May '06 - October '06)$709,091Summer (May '07 - October '07)$724,998Summer (May '08 - October '08)$666,155Summer (May '09 - October '09)$573,505Summer (May '10 - October '10)$609,452Summer (May '11 - October '11)$693,894Summer (May '12 - October '12)$761,608Summer (May '13 - October '13$834,765Summer (May '14 - October '14)$951,110Summer (May '15 - October '15)$997,824Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)$699,826Winter (November '05 - April '06)$680,292Winter (November '06 - April '07)$704,911Winter (November '07 - April '08)$856,906Winter (November '08 - April '09)$828,915Winter (November '09 - April '10)$883,556Winter (November '10 - April '11)$977,397Winter (November '11 - April '12)$945,095Winter (November '12 - April '13)$983,342Winter (November '13 - April '14)$1,050,415Winter (November '14 - April '15)$1,114,990Winter (November '15 - April '16)$1,076,858Summer (May '05 - October '05)$146,560Summer (May '06 - October '06)$154,984Summer (May '07 - October '07)$151,560Summer (May '08 - October '08)$210,343Summer (May '09 - October '09)$187,175Summer (May '10 - October '10)$199,152Summer (May '11 - October '11)$228,326Summer (May '12 - October '12)$228,588Summer (May '13 - October '13$231,636Summer (May '14 - October '14)$251,648Summer (May '15 - October '15)$276,241Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)$1,038,941Winter (November '05 - April '06)$1,109,781Winter (November '06 - April '07)$1,144,388Winter (November '07 - April '08)$1,192,703Winter (November '08 - April '09)$1,153,789Winter (November '09 - April '10)$1,095,944Winter (November '10 - April '11)$1,131,777Winter (November '11 - April '12)$1,129,364Winter (November '12 - April '13)$1,165,199Winter (November '13 - April '14)$1,193,258Winter (November '14 - April '15)$1,227,947Winter (November '15 - April '16)$1,237,481Summer (May '05 - October '05)$671,503Summer (May '06 - October '06)$707,587Summer (May '07 - October '07)$712,127Summer (May '08 - October '08)$764,727Summer (May '09 - October '09)$680,951Summer (May '10 - October '10)$661,824Summer (May '11 - October '11)$694,593Summer (May '12 - October '12)$717,161Summer (May '13 - October '13$729,524Summer (May '14 - October '14)$739,044Summer (May '15 - October '15)$773,079Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)$1,819,656Winter (November '05 - April '06)$2,021,717Winter (November '06 - April '07)$2,090,189Winter (November '07 - April '08)$2,147,236Winter (November '08 - April '09)$1,849,345Winter (November '09 - April '10)$1,793,215Winter (November '10 - April '11)$2,148,434Winter (November '11 - April '12)$2,475,845Winter (November '12 - April '13)$2,749,317Winter (November '13 - April '14)$3,057,259Winter (November '14 - April '15)$3,369,039Winter (November '15 - April '16)$3,504,321Summer (May '05 - October '05)$377,998Summer (May '06 - October '06)$388,552Summer (May '07 - October '07)$414,789Summer (May '08 - October '08)$446,399Summer (May '09 - October '09)$330,719Summer (May '10 - October '10)$408,732Summer (May '11 - October '11)$587,090Summer (May '12 - October '12)$690,978Summer (May '13 - October '13$748,929Summer (May '14 - October '14)$845,596Summer (May '15 - October '15)$941,240Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)$1,211,828Winter (November '05 - April '06)$1,320,180Winter (November '06 - April '07)$1,448,205Winter (November '07 - April '08)$1,590,517Winter (November '08 - April '09)$1,367,737Winter (November '09 - April '10)$1,499,389Winter (November '10 - April '11)$1,670,696Winter (November '11 - April '12)$1,754,076Winter (November '12 - April '13)$1,841,519Winter (November '13 - April '14)$2,110,418Winter (November '14 - April '15)$2,139,821Winter (November '15 - April '16)$2,263,569Summer (May '05 - October '05)$247,305Summer (May '06 - October '06)$282,591Summer (May '07 - October '07)$323,812Summer (May '08 - October '08)$324,648Summer (May '09 - October '09)$261,272Summer (May '10 - October '10)$343,795Summer (May '11 - October '11)$361,690Summer (May '12 - October '12)$387,978Summer (May '13 - October '13$439,932Summer (May '14 - October '14)$515,516Summer (May '15 - October '15)$558,829Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)$861,732Winter (November '05 - April '06)$911,909Winter (November '06 - April '07)$1,062,423Winter (November '07 - April '08)$1,091,579Winter (November '08 - April '09)$807,303Winter (November '09 - April '10)$773,479Winter (November '10 - April '11)$818,314Winter (November '11 - April '12)$835,811Winter (November '12 - April '13)$878,048Winter (November '13 - April '14)$990,019Winter (November '14 - April '15)$1,081,508Winter (November '15 - April '16)$1,055,244Summer (May '05 - October '05)$276,491Summer (May '06 - October '06)$294,382Summer (May '07 - October '07)$302,779Summer (May '08 - October '08)$308,927Summer (May '09 - October '09)$219,353Summer (May '10 - October '10)$237,964Summer (May '11 - October '11)$268,044Summer (May '12 - October '12)$303,198Summer (May '13 - October '13$319,467Summer (May '14 - October '14)$323,888Summer (May '15 - October '15)$335,667Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)$1,565,938Winter (November '05 - April '06)$1,709,731Winter (November '06 - April '07)$1,865,670Winter (November '07 - April '08)$1,847,564Winter (November '08 - April '09)$1,653,738Winter (November '09 - April '10)$1,679,681Winter (November '10 - April '11)$2,023,554Winter (November '11 - April '12)$2,248,504Winter (November '12 - April '13)$2,330,760Winter (November '13 - April '14)$2,508,143Winter (November '14 - April '15)$2,688,345Winter (November '15 - April '16)$2,678,481Summer (May '05 - October '05)$747,920Summer (May '06 - October '06)$777,970Summer (May '07 - October '07)$867,240Summer (May '08 - October '08)$872,567Summer (May '09 - October '09)$741,054Summer (May '10 - October '10)$853,549Summer (May '11 - October '11)$1,082,986Summer (May '12 - October '12)$1,217,111Summer (May '13 - October '13$1,284,706Summer (May '14 - October '14)$1,368,909Summer (May '15 - October '15)$1,508,118Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)$388,096Winter (November '05 - April '06)$395,789Winter (November '06 - April '07)$398,375Winter (November '07 - April '08)$552,068Winter (November '08 - April '09)$581,408Winter (November '09 - April '10)$586,820Winter (November '10 - April '11)$632,942Winter (November '11 - April '12)$636,214Winter (November '12 - April '13)$649,431Winter (November '13 - April '14)$681,903Winter (November '14 - April '15)$630,228Winter (November '15 - April '16)$654,373Summer (May '05 - October '05)$161,611Summer (May '06 - October '06)$172,764Summer (May '07 - October '07)$227,858Summer (May '08 - October '08)$308,728Summer (May '09 - October '09)$245,649Summer (May '10 - October '10)$278,229Summer (May '11 - October '11)$287,316Summer (May '12 - October '12)$356,930Summer (May '13 - October '13$364,913Summer (May '14 - October '14)$400,037Summer (May '15 - October '15)$409,163Summer (May '16 - October '16)Not AvailableWinter (November '04 - April '05)$382,326Winter (November '05 - April '06)$427,585Winter (November '06 - April '07)$445,549Winter (November '07 - April '08)$419,824Winter (November '08 - April '09)$357,009Winter (November '09 - April '10)$320,657Winter (November '10 - April '11)$335,369Winter (November '11 - April '12)$341,398Winter (November '12 - April '13)$353,727Winter (November '13 - April '14)$406,108Winter (November '14 - April '15)$457,360Winter (November '15 - April '16)$446,184Summer (May '05 - October '05)$308,933Summer (May '06 - October '06)$321,019Summer (May '07 - October '07)$335,263Summer (May '08 - October '08)$286,244Summer (May '09 - October '09)$228,979Summer (May '10 - October '10)$255,147Summer (May '11 - October '11)$269,587Summer (May '12 - October '12)$283,365Summer (May '13 - October '13$305,660Summer (May '14 - October '14)$321,739Summer (May '15 - October '15)$327,091Summer (May '16 - October '16)Not AvailableSales tax % IncreaseFull Year 2005 vs. full year 20046.6%Full Year 2006 vs. full year 20058.2%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)7.2%Full Year Sales Tax Increase (Decrease)Not AvailableCPI % IncreaseFull Year 2005 vs. full year 20043.4%Full Year 2006 vs. full year 20053.2%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)0.1%Full Year CPI Increase (Decrease)Not AvailableSales tax better (worse) than inflationFull Year 2005 vs. full year 20043.2%Full Year 2006 vs. full year 20055.0%Sales Tax Better (Worse) Than Inflation3.2%Sales Tax Better (Worse) Than Inflation0.0%Sales Tax Better (Worse) Than Inflation-13.4%Sales Tax Better (Worse) Than Inflation2.9%Sales Tax Better (Worse) Than Inflation7.3%Sales Tax Better (Worse) Than Inflation0.3%Sales Tax Better (Worse) Than Inflation8.2%Sales Tax Better (Worse) Than Inflation7.0%Sales Tax Better (Worse) Than Inflation7.1%Sales Tax Better (Worse) Than InflationNot AvailableTOV Finance DepartmentTotal construction use taxes collected - Annual (January '05 - December '05)Not implementedAnnual (January '06 - December '06)Not implementedAnnual (January '07 - December '07)Not implementedAnnual (January '08 - December '08)$608,483Annual (January '09 - December '09)$713,582Annual (January '10 - December '10)$1,103,119Annual (January '11 - December '11)$721,002Annual (January '12 - December '12)$1,221,734Annual (January '13 - December '13)$1,360,585Annual (January '14 - December '14)$1,803,853Annual (January '15 - December '15)$2,229,809Annual (January '16 - December '16)Not AvailableTOV Finance DepartmentTotal property taxes collectedAnnual (January '05 - December '05)$2,469,629Annual (January '06 - December '06)$2,751,032Annual (January '07 - December '07)$2,830,331Annual (January '08 - December '08)$4,092,167Annual (January '09 - December '09)$4,317,417Annual (January '10 - December '10)$4,782,945Annual (January '11 - December '11)$4,866,254Annual (January '12 - December '12)$4,157,279Annual (January '13 - December '13)$4,227,966Annual (January '14 - December '14)$4,358,411Annual (January '15 - December '15)$4,389,241Annual (January '16 - December '16)Not AvailableTOV Finance DepartmentTotal Real Estate Transfer Tax collectedAnnual (January '05 - December '05)$6,206,058Annual (January '06 - December '06)$6,239,744Annual (January '07 - December '07)$6,536,118Annual (January '08 - December '08)$9,091,917Annual (January '09 - December '09)$2,513,481Annual (January '10 - December '10)$6,950,701Annual (January '11 - December '11)$4,403,706Annual (January '12 - December '12)$5,452,937Annual (January '13 - December '13)$4,725,589Annual (January '14 - December '14)$6,849,449Annual (January '15 - December '15)$6,965,617Annual (January '16 - December '16)Not AvailableTOV Finance DepartmentGeneral Fund Year-End BalanceAs of December 31, 2005$13,673,808As of December 31, 2006$15,433,051General Fund Balance as of December 31, 2007$19,834,717General Fund Balance as of December 31, 2008$23,002,886General fund Balance as of December 31, 2009$23,173,417General Fund Balance as of December 31, 2010$22,886,692General Fund Balance as of December 31, 2011$23,546,285General Fund Balance as of December 31, 2012$23,403,652General Fund Balance as of December 31, 2013$16,401,973General Fund Balance as of December 31, 2014$19,687,223General Fund Balance as of December 31, 2015$23,622,509General Fund Balance as of December 31, 2016Not AvailableVail Economic Indicators: Town Revenue (2004-2016)IndicatorVail VillageAmount collected (USD)Retail Sales TaxAmount collected (USD)LionsheadTOV Finance DepartmentAmount collected (USD)TOV Finance DepartmentCascade/E. Vail/Sandstone & W. VailAmount collected (USD)TOV Finance DepartmentLodging Sales TaxVail VillageTOV Finance DepartmentLionsheadTOV Finance DepartmentCascade/E. Vail/Sandstone & W. VailAmount collected (USD)Total Real Estate Transfer TaxTown ReservesTOV Finance DepartmentAmount collected (USD)Amount collected (USD)Amount collected (USD)Cascade/E. Vail/Sandstone & W. VailTotal Property TaxFood & Beverage Sales TaxAmount collected (USD)TOV Finance DepartmentTOV Finance DepartmentLionsheadTOV Finance DepartmentTotal Sales Tax vs. Inflation as Measured by CPITOV Finance DepartmentVail VillageConstruction Use TaxVail Economic Indicators: Town RevenuePage 4 of 5Last Modified: 7/14/2016 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.IndicatorSourceDescriptionReport 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)Report Date ('15-'16)Data ('15-'16) 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) Report Date ('15-'16) Data ('15-'16)Winter (November '05 - April '06)104.6Winter (November '06 - April '07)107.8Winter (November '07 - April '08)77.8Winter (November '08 - April '09)35.3Winter (November '09 - April '10)52.9Winter (November '10 - April '11)62.3Winter (November '11 - April '12)65.2Winter (November '12 - April '13)65.8Winter (November '13 - April '14)78.8Winter (November '14 - April '15)97.1Winter (November '15 - April '16)95.2Summer (May '06 - October '06)104.7Summer (May '07 - October '07)104.4Summer (May '08 - October '08)52.6Summer (May '09 - October '09)51.2Summer (May '10 - October '10)53.3Summer (May '11 - October '11)51.8Summer (May '12 - October '12)65.9Summer (May '13 - October '13)78.6Summer (May '14 - October '14)82.9Summer (May '15 - October '15)98.1Summer (May '16 - October '16)Not AvailableWinter (November '05 - April '06)$1.20Winter (November '06 - April '07)$1.32Winter (November '07 - April '08)$1.50Winter (November '08 - April '09)$1.31Winter (November '09 - April '10)$1.41Winter (November '10 - April '11)$1.37Winter (November '11 - April '12)$1.32Winter (November '12 - April '13)$1.31Winter (November '13 - April '14)$1.37Winter (November '14 - April '15)$0.87Winter (November '15 - April '16)$0.91Summer (May '06 - October '06)$1.27Summer (May '07 - October '07)$1.37Summer (May '08 - October '08)$1.49Summer (May '09 - October '09)$1.42Summer (May '10 - October '10)$1.29Summer (May '11 - October '11)$1.41Summer (May '12 - October '12)$1.26Summer (May '13 - October '13)$1.33Summer (May '14 - October '14)$1.31Summer (May '15 - October '15)$0.90Summer (May '16 - October '16)Not AvailableAnnual (July '15 - June '16)Not AvailableVail Economic Indicators: Business Growth (2004-2016)Vail Economic Indicators: Macroeconomic (2004-2016)Annual (July '15 - June '16)Not AvailableAnnual (January '16 - December '16)Not AvailableAnnual (January '16 - December '16)Not availableAnnual (July '11 - June '12)$1,385,085,000 7.80%Annual (January '12 - December '12)27,3885,252Annual (June '11 - July '12)26,884Annual (June '10 - July '11)5,2425,0275,278Annual (January '11 - December '11)Annual (July '09 - June '10)$1,409,032,000 Annual (January '10 - December '10)9.5%Annual (January '10 - December '10)26,5824,960Annual (June '09 - July '10)Annual (June '08 - July '09)Annual (January '09 - December '09)27,961Annual (as of July '07) Annual (June '07 - July '08)4,812Banking Deposits in Eagle CountyTotal amount of banking deposits (USD)FDICColorado Department of Labor - Local Area Unemployment StatisticsPopulation EstimatesUS Federal ReservesEmployment Colorado Department of Labor - Local Area Unemployment Statistics2.9%3.4%4,871US Dollar vs. EuroUnemployment RateColorado State Government, Department of Local AffairsConsumer Confidence IndexUS Conference BoardUS Dollar vs. EuroAnnual (January '06 - December '06)Annual (as of July '06)Consumer Confidence IndexUnemployment rate in Eagle CountyAnnual (January '06 - December '06)Number of estimated full-time residents in VailEstimated number of people employed in Eagle CountyAnnual (July '05 - June '06)30,4773.6%Annual (January '08 - December '08)$1,373,139 ,000$1,459,685,000 Annual (July '07 - June '08)Annual (July '06 - June '07)29,127Annual (January '07 - December '07)Annual (January '08 - December '08)$1,491,847 ,00030,300Annual (January '07 - December '07)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 '12 - June '13)5,289Annual (July '12 - June '13)$1,422,107,000Annual (January '13 - December '13)6.80%Annual (January '13 - December '13)28,445Annual (July '13 - June '14)5,320Annual (July '13 - June '14)$1,556,419,000 Annual (January '14 - December '14)4.20%Annual (January '14 - December '14)31,357Annual (July '14 - June '15)Not AvailableAnnual (July '14 - June '15)$1,700,886,000 Annual (January '15 - December '15)3.10%Annual (January '15 - December '15)31,883Vail Economic Indicators: Business Growth_ Macro EconPage 5 of 5Last Modified: 7/14/2016