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HomeMy WebLinkAbout02. STR Revenue TrackingShort Term Rentals by Category Compliance Condo properties make up nearly 80% of short term rentals Out of a total of 2,642 estimated rental by owner units, 89% are registered or in process with the town Registrations by Neighborhood Short Term Rentals generated $41.1M gross lodging sales in 2018, with 45% in Vail Village, 16% in Lionshead and 12% in other areas Short Term Rental units comprise 17.5% of the market in gross sales 60% of rentals are located within commerial "core" areas such as Lionshead and Vail Village Rentals by Neighborhood and # Bedrooms Rentals by Type and # Bedrooms https://www.vailgov.com/short-term-rentals Town of Vail Short Term Rental Report Oct 2019 Gross Sales $9.7  $1.9 $4.4  $8.9  $4.8 $0.6  $- $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 $16.0 $18.0 $20.0 Vail Village Lionshead All Other Individual Property Mgrs 658 621 282 266 97 93 52 35 27 21 0 100 200 300 400 500 600 700 2,152 Total Units 869 850 205 183 45 1687 1976 278 714 132 0 500 1000 1500 2000 2500 # Units Bedrooms 66 32 4 32 6 1 5 1 94 159 26 37 12 9 8 88 51 40 10 15 20 9 14 0 50 100 150 200 250 300 East Vail Buffehr‐… Cascade… Matterhorn Golf Course Intermount… West Vail Booth Falls 1 Bdrm 2 Bdrms 3 Bdrms Approved 2152 In Process 190 Non- compliant 300 89%  Compliance Condo‐Tels 40% Residential  Condos 39% Fractionals 10% Single Family 9% Townhomes 2% 2,152