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HomeMy WebLinkAbout12. Vail RAO as of 3-31-19Executive Summary Res Activity Outlook as of Mar 31, 2019 Executive Summary Data based on a sample of up to 26 properties in the Vail destination, representing up to 2402 Units ('DestiMetrics Census'*) and 63.26% of 3797 total units in the Vail destination ('Destination Census'**) Last Month Performance: Current YTD vs. Previous YTD 2018/19 2017/18 Year over Year % Variance Vail Occupancy for last month (Mar) changed by (4.5%)Occupancy (Mar) :70.8%67.7%4.5% Vail ADR for last month (Mar) changed by (-4.3%)ADR (Mar) :$ 581 $ 608 -4.3% Vail RevPAR for last month (Mar) changed by (-0.1%)RevPAR (Mar) :$ 411 $ 412 -0.1% Next Month Performance: Current YTD vs. Previous YTD Vail Occupancy for next month (Apr) changed by (-13.5%)Occupancy (Apr) :21.8%25.2%-13.5% Vail ADR for next month (Apr) changed by (0.1%)ADR (Apr) :$ 281 $ 281 0.1% Vail RevPAR for next month (Apr) changed by (-13.4%)RevPAR (Apr) :$ 61 $ 71 -13.4% Historical past 6 months Month Actual Performance: Current YTD vs. Previous YTD Vail Occupancy for the past 6 months changed by (2.6%)Occupancy 53.8%52.5%2.6% Vail ADR for the past 6 months changed by (-3.6%)ADR $ 531 $ 550 -3.6% Vail RevPAR for the past 6 months changed by (-1.1%)RevPAR $ 286 $ 289 -1.1% Future 6 Month On The Books Performance: Current YTD vs. Previous YTD Vail Occupancy for the furture 6 months changed by (-15.5%)Occupancy 20.7%24.5%-15.5% Vail ADR for the future 6 months changed by (2.2%)ADR $ 254 $ 249 2.2% Vail RevPAR for the future 6 months changed by (-13.6%)RevPAR $ 53 $ 61 -13.6% Incremental Pacing - % Variance in Rooms Booked last Calendar Month: Mar 31, 2019 vs. Previous Year Rooms Booked during last month (Mar,19) compared to Rooms Booked during the same period last year (Mar,18) for all arrival dates has changed by (-27.9%)Booking Pace (Mar)4.6%6.4%-27.9% * Inntopia Census: Total number of rooms reported by participating Inntopia properties as available for short-term rental in the reporting month. This number can vary monthly as inventories and report participants change over time. ** Destination Census: The total number of rooms available for rental within the community as established by the and adjusted for properties that have opened / closed since that time. This number varies infrequently as new properties start, or existing properties cease operations. DESCRIPTION: The Reservation Activity Outlook Report tracks occupancy, average daily rate (ADR), and revenue per available room (RevPAR); the key metrics most of interest to lodging properties. The report combines the data sets of participating properties into a destination wide view that features three data sets (providing that sufficient information is available) including: i)current YTD occupancy, ii) last YTD occupancy, iii) last season's ending occupancy. The Reservation Activity Outlook Report is generated on a monthly basis, usually for a 12 month subscription period, and is created from data provided by a group of properties participating in a cooperative manner, and representing a valid set of data as a result. Report results are provided only to those properties who participate by submitting their data. Additionally, participating properties can order (on an a-la-carte basis) an individual report which shows the reservation activity of their property, measured against an aggregated set of competitive properties that they choose from amongst Inntopia's other participants. As is the case in all Inntopia data, all information provided by individual properties is strictly confidential, except when aggregated with other data and indistinguishable as a result. © 2019 Sterling Valley Systems, Inc. All rights reserved. No parts of this work may be reproduced in any form or by any means, graphic, electronic or mechanical, including photocopying, recording, taping or information storage and retrieval systems - without the written permission of the copyright holder. Products that are referred to in this document may be either trademarks and/or registered trademarks of the respective owners. The publisher and the author make no claim to these Trademarks. While every precaution has been taken in the preparation of this document, the publisher and the author assume no responsibility for errors or omissions, or for damages resulting from the use of information contained in this document or from the use of programs and source code that may accompany it. In no event shall the publisher and the author be liable for any loss of profit or any other commercial damage caused or alleged to have been caused directly or indirectly by this document. Vail Paid Occupancy (Most Recent Data) Res Activity Outlook as of Mar 31, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Average Daily Rate (Most Recent Data) Res Activity Outlook as of Mar 31, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Revenue Per Available Room (Most Recent Data) Res Activity Outlook as of Mar 31, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Variance in YTD Occupancy and ADR Res Activity Outlook 2018/19 vs 2017/18 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Paid Occupancy (Winter-to-date) Res Activity Outlook as of Mar 31, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Average Daily Rate (Winter-to-date) Res Activity Outlook as of Mar 31, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Revenue Per Available Room (Winter-to-date) Res Activity Outlook as of Mar 31, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Variance in YTD Occupancy and ADR (Winter-to-date) Res Activity Outlook as of Mar 31, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Paid Occupancy (Summer-to-date) Res Activity Outlook as of Mar 31, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Average Daily Rate (Summer-to-date) Res Activity Outlook as of Mar 31, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Revenue Per Available Room (Summer-to-date) Res Activity Outlook as of Mar 31, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Variance in YTD Occupancy and ADR (Summer-to-date) Res Activity Outlook 2018/19 vs 2017/18 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Paid Occupancy Fill Analysis Res Activity Outlook as of Mar 31, 2019 *Based on providing complete pacing data within a given month of occupancy only. Results may differ from those presented elsewhere in report if property set differs. **Results for "Percent Variance in incremental fill" indicate how room nights booked during the month just ended compare to room nights booked during the same month in the prior year, for occupancy in the month just ended and for the upcoming five months (as well as the six-month period in total). These results provide an indication of the degree to which booking activity occurring during the month just ended was greater or less than booking activity occurring in the same month a year ago -- i.e. a measure of the strength of booking activity occurring during the month just ended. Vail Paid Occupancy (Most Recent Data) Res Activity Outlook as of Mar 31, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Occ Rate: YTD 2018/19 VS. YTD 2017/18 Month of Occupancy Occ Rate as of Mar 31, 2019 Occ Rate as of Mar 31, 2018 Occ Percent Variance in YTD Occ Rate Historic Actual Occ Rate # of Properties in sample Oct 18 29.9%33.6%-10.9%27 Nov 18 27.3%27.7%-1.4%27 Dec 18 55.0%49.5%11.2%27 Jan 19 65.9%59.8%10.3%27 Feb 19 73.2%70.3%4.1%27 Mar 19 70.8%67.7%4.5%26 Apr 19 21.8%25.2%-13.5%30.3%26 May 19 10.0%14.5%-31.2%26.4%26 Jun 19 28.2%36.3%-22.1%58.6%26 Jul 19 30.3%31.7%-4.3%65.1%26 Aug 19 18.0%23.7%-23.9%60.3%26 Sep 19 15.5%15.8%-1.5%46.6%26 Grand Total 37.5%38.5%-2.8%50.4%27 Historical Months Total 53.8%52.5%2.6%52.5%440,819 On the Books Total 20.7%24.5%-15.5%48.3%26 Vail Average Daily Rate (Most Recent Data) Res Activity Outlook as of Mar 31, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Average Daily Rate: YTD 2018/19 VS. YTD 2017/18 Month of Occupancy ADR as of Mar 31, 2019 ADR as of Mar 31, 2018 ADR Percent Variance in YTD Adr Rate Historic Actual ADR # of Properties in sample Oct 18 $184.84 $187.79 -1.6%27 Nov 18 $223.95 $233.00 -3.9%27 Dec 18 $600.36 $675.54 -11.1%27 Jan 19 $578.10 $592.56 -2.4%27 Feb 19 $637.14 $623.55 2.2%27 Mar 19 $581.23 $607.63 -4.3%26 Apr 19 $280.77 $280.54 0.1%$266.15 26 May 19 $162.11 $169.95 -4.6%$175.80 26 Jun 19 $229.84 $221.12 3.9%$230.44 26 Jul 19 $287.66 $283.42 1.5%$291.17 26 Aug 19 $286.06 $278.94 2.6%$274.96 26 Sep 19 $213.13 $212.22 0.4%$225.66 26 Grand Total $ 455 $ 455 0.0%$ 408 27 Historical Months Total $ 531 $ 550 -3.6%$ 550 27 On the Books Total $ 254 $ 249 2.2%$ 252 26 Vail Revenue Per Available Room (Most Recent Data) Res Activity Outlook as of Mar 31, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com RevPAR Rate: YTD 2018/19 VS. YTD 2017/18 Month of Occupancy RevPAR as of Mar 31, 2019 RevPAR as of Mar 31, 2018 RevPAR Percent Variance in YTD RevPAR Rate Historic Actual RevPAR # of Properties in sample Oct 18 $55.30 $63.07 -12.3%27 Nov 18 $61.12 $64.49 -5.2%27 Dec 18 $330.33 $334.17 -1.2%27 Jan 19 $381.23 $354.13 7.7%27 Feb 19 $466.22 $438.36 6.4%27 Mar 19 $411.34 $411.62 -0.1%26 Apr 19 $61.19 $70.68 -13.4%$80.75 26 May 19 $16.20 $24.66 -34.3%$46.38 26 Jun 19 $64.92 $80.20 -19.1%$135.08 26 Jul 19 $87.29 $89.91 -2.9%$189.55 26 Aug 19 $51.52 $65.99 -21.9%$165.90 26 Sep 19 $33.06 $33.43 -1.1%$105.17 26 Grand Total $ 171 $ 175 -2.8%$ 206 27 Historical Months Total $ 286 $ 289 -1.1%$ 289 27 On the Books Total $ 53 $ 61 -13.6%$ 122 26 Vail Data Tables (Winter-to-date) Res Activity Outlook as of Mar 31, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Winter Bookings: Revenue Per Available Room: YTD 2018/19 VS. YTD 2017/18 Month of Occupancy RevPAR as of Mar 31, 2019 RevPAR as of Mar 31, 2018 Percent Variance in YTD RevPAR Historic Actual RevPAR # of Properties in sample Nov 18 $61.12 $64.49 -5.2%27 Dec 18 $330.33 $334.17 -1.2%27 Jan 19 $381.23 $354.13 7.7%27 Feb 19 $466.22 $438.36 6.4%27 Mar 19 $411.34 $411.62 -0.1%26 Apr 19 $61.19 $70.68 -13.4%$80.75 26 Winter Total $ 287 $ 286 0.2%$ 288 27 Winter Bookings: Average Daily Rate: YTD 2018/19 VS. YTD 2017/18 Month of Occupancy ADR as of Mar 31, 2019 ADR as of Mar 31, 2018 Percent Variance in YTD Adr Rate Historic Actual ADR # of Properties in sample Nov 18 $223.95 $233.00 -3.9%27 Dec 18 $600.36 $675.54 -11.1%27 Jan 19 $578.10 $592.56 -2.4%27 Feb 19 $637.14 $623.55 2.2%27 Mar 19 $581.23 $607.63 -4.3%26 Apr 19 $280.77 $280.54 0.1%$266.15 26 Winter Total $ 546 $ 564 -3.1%$ 558 27 Winter Bookings: Occ Rate: YTD 2018/19 VS. YTD 2017/18 Month of Occupancy Occ Rate as of Mar 31, 2019 Occ Rate as of Mar 31, 2018 Occ Percent Variance in YTD Occ Rate Historic Actual Occ Rate # of Properties in sample Nov 18 27.3%27.7%-1.4%27 Dec 18 55.0%49.5%11.2%27 Jan 19 65.9%59.8%10.3%27 Feb 19 73.2%70.3%4.1%27 Mar 19 70.8%67.7%4.5%26 Apr 19 21.8%25.2%-13.5%30.3%26 Winter Total 52.6%50.8%3.4%51.7%27 Vail Data Tables (Summer-to-date) Res Activity Outlook as of Mar 31, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Summer Bookings: Revenue Per Available Room: YTD 2018/19 VS. YTD 2017/18 Month of Occupancy RevPAR as of Mar 31, 2019 RevPAR as of Mar 31, 2018 Percent Variance in YTD RevPAR Rate Historic Actual RevPAR # of Properties in sample May 19 $16.20 $24.66 -34.3%$46.38 26 Jun 19 $64.92 $80.20 -19.1%$135.08 26 Jul 19 $87.29 $89.91 -2.9%$189.55 26 Aug 19 $51.52 $65.99 -21.9%$165.90 26 Sep 19 $33.06 $33.43 -1.1%$105.17 26 Oct 19 Summer Total $ 51 $ 59 -13.7%$ 130 26 Summer Bookings: Average Daily Rate: YTD 2018/19 VS. YTD 2017/18 Month of Occupancy ADR as of Mar 31, 2019 ADR as of Mar 31, 2018 Percent Variance in YTD Adr Rate Historic Actual ADR # of Properties in sample May 19 $162.11 $169.95 -4.6%$175.80 26 Jun 19 $229.84 $221.12 3.9%$230.44 26 Jul 19 $287.66 $283.42 1.5%$291.17 26 Aug 19 $286.06 $278.94 2.6%$274.96 26 Sep 19 $213.13 $212.22 0.4%$225.66 26 Oct 19 Summer Total $ 248 $ 242 2.6%$ 251 26 Summer Bookings: Occ Rate: YTD 2018/19 VS. YTD 2017/18 Month of Occupancy Occ Rate as of Mar 31, 2019 Occ Rate as of Mar 31, 2018 Occupancy Percent Variance in YTD Occ Rate Historic Actual Occ Rate # of Properties in sample May 19 10.0%14.5%-31.2%26.4%26 Jun 19 28.2%36.3%-22.1%58.6%26 Jul 19 30.3%31.7%-4.3%65.1%26 Aug 19 18.0%23.7%-23.9%60.3%26 Sep 19 15.5%15.8%-1.5%46.6%26 Oct 19 Summer Total 20.5%24.4%-15.9%51.8%26