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HomeMy WebLinkAbout03. Vail Executive Summary 2019-07-31Destination: Vail July (Actual) 2019 2018 July (Actual) 2019 2018 Paid Occupancy 64.7%65.9%-1.8%Paid Occupancy 64.6%64.9%-0.3% ADR $273 $283 -3.2%ADR $286 $279 2.6% August (On The Books) August (On The Books) Paid Occupancy 46.4%51.8%-10.5%Paid Occupancy 47.0%47.7%-1.5% ADR $271 $278 -2.4%ADR $292 $281 4.0% September (On The Books) September (On The Books) Paid Occupancy 28.1%29.4%-4.6%Paid Occupancy 31.1%30.6%1.6% ADR $210 $224 -6.5%ADR $251 $246 2.3% October (On The Books) October (On The Books) Paid Occupancy 12.1%15.4%-21.5%Paid Occupancy 12.6%13.6%-7.0% ADR $175 $171 2.0%ADR $196 $187 4.8% November (On The Books) November (On The Books) Paid Occupancy 3.9%6.0%-35.0%Paid Occupancy 5.4%5.5%-1.6% ADR $249 $224 11.2%ADR $197 $193 2.0% December (On The Books) December (On The Books) Paid Occupancy 16.5%12.8%29.2%Paid Occupancy 13.7%12.6%9.1% ADR $691 $757 -8.8%ADR $580 $589 -1.6% January (On The Books) January (On The Books) Paid Occupancy 22.0%22.8%-3.6%Paid Occupancy 19.7%19.6%0.7% ADR $571 $566 0.9%ADR $482 $454 6.0% 2019 2018 Year over Year % Difference 2019 2018 Year over Year % Difference July 5.6%5.0%13.7%July 6.4%5.8%9.8% Bookings as of July 31, 2019 Data based on a sample of up to 26 properties in the Vail destination, representing up to 2,438 Units ('DestiMetrics Census'*) and 61.7% of 3,954 total units in the Vail destination ('Destination Census'**) Vail Year over Year % Difference DestiMetrics - Industry West Year over Year % Difference Booking Pace (Current Month) Booking Pace (Current Month) * DestiMetrics Census: Total number of rooms reported by participating DestiMetrics 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 Vail Transient Inventory Study restatement of August 2015 and adjusted for properties that have opened / closed since that time. This number varies infrequently as new properties start, or existing properties cease operations. RESERVATIONS ACTIVITY REPORT Executive Summary 64.7%65.9% 2019 2018 Vail July Occupancy vs. Last Year 64.6%64.9% 2019 2018 DestiMetrics -Industry West July Occupancy vs. Last Year $273 $283 2019 2018 Vail July ADR vs. Last Year $286 $279 2019 2018 DestiMetrics -Industry West July ADR vs. Last Year Copyright (c) 2019, Sterling Valley Systems All Rights Reserved.Confidential Information not for reproduction and protected by law. DestiMetrics@Inntopia.com www.Inntopia.com