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HomeMy WebLinkAboutVail_Production_Notes_02-29-2020Copyright (c) 2020, Sterling Valley Systems All Rights Reserved. Confidential Information not for reproduction and protected by law. Communications@Inntopia.com www.Inntopia.com Data as of: 02/29/2020 Vail Production Notes RAO PRODUCTION NOTES: General RAO Notes: ➢ All months, except April and May, are showing an increase in inventory compared to last year at this time o February: +2,857 RNA or +99 units per day o March: +536 RNA or +17 units per day o April: -1,573 RNA or -52 units per day o May: -343 RNA or -11 units per day o June: +4,054 RNA or +135 units per day o July: +4,397 RNA or +142 units per day o August: +3,930 RNA or +127 units per day ➢ On the books occupancy is up +6.2% (+1.4% last month) over last year, while historic actual occupancy is also up +0.1% (-1.4% last month) over last year ➢ On the books ADR is down -1.1% (+1.2% last month) over last year, while historic actual ADR is up +2.1% (+2.8% last month) over last year ➢ On the books RevPAR is up +5.0% (+2.6% last month) over last year while historic actual RevPAR is also up +2.2% (+1.3% last month) over last year Winter Season: ➢ February gained +6.5% as an absolute measure of occupancy in February o Bookings made in February for February are up +1.3% in absolute variance vs those made last year in February for February ➢ March gained +10.4% as an absolute measure of occupancy in February o Bookings made in February for March are down -2.1% in absolute variance vs those made last year in February for March ➢ April gained +2.5% as an absolute measure of occupancy in February o Bookings made in February for April are down -1.6% in absolute variance vs those made last year in February for April ➢ As a measure of RevPAR, winter season is now up +3.6% (+4.3% last month) compared to last year at this time ➢ As a measure of ADR, winter season is now up +1.1% (+1.4% last month) compared to last year at this time ➢ As a measure of Occupancy, winter season is now up +2.5% (+2.8% last month) compared to last year at this time ➢ December, February, and April are showing occupancy gains over last winter season ➢ December, January, March, and April are showing ADR gains over last winter season ➢ Seasonal Inventory o For the entire winter season there are 467,839 room nights available, a +0.7% (+0.6% last report) increase over last winter season (464,748) ➢ Seasonal Bookings o For the entire winter season there are 237,675 room nights booked, a +3.2% (+3.4% last report) increase over last winter season (230,317) Copyright (c) 2020, Sterling Valley Systems All Rights Reserved. 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Communications@Inntopia.com www.Inntopia.com Summer Season: ➢ May gained +1.2% as an absolute measure of occupancy in February o Bookings made in February for May are up +0.4% in absolute variance vs those made last year in February for May ➢ June gained +3.8% as an absolute measure of occupancy in February o Bookings made in February for June are up +0.9% in absolute variance vs those made last year in February for June ➢ July gained +3.8% as an absolute measure of occupancy in February o Bookings made in February for July are up +0.3% in absolute variance vs those made last year in February for July ➢ August has just come on the books and is showing 22.0% occupancy, up +40.1% over last year (15.7%) ➢ As a measure of RevPAR summer season is up +6.2% (-5.6% last month) compared to last year at this time ➢ As a measure of ADR summer season is up +1.8% (+5.3% last month) compared to last year at this time ➢ As a measure of Occupancy summer season is up +4.3 (-10.4% last month) compared to last year at this time ➢ May and August are showing occupancy gains over last summer season ➢ June and July are showing ADR gains over last summer season ➢ Seasonal Inventory o For the entire summer season there are 308,400 room nights available, a +4.1% (+4.0% last report) increase over last summer season (296,362) ➢ Seasonal Bookings o For the entire summer season there are 61,882 room nights booked, a +8.6% (-6.8% last report) increase over last summer season (56,992) (This space is intentionally left blank) Copyright (c) 2020, Sterling Valley Systems All Rights Reserved. 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Communications@Inntopia.com www.Inntopia.com DOR PRODUCTION NOTES: February: ➢ February’s performance actualized this report, with the average daily performance slightly up +0.8% over last year o There were +620 (+2928 last report) more bookings than last year o President’s Day Weekend actualized on average up +1.5% (+1.9% last report) with a total of +102 more bookings versus last year ▪ 15th: -1.0%, -37 less bookings ▪ 16th: +2.2%, +52 more bookings ▪ 17th: +3.4%, +87 more bookings o Valentine’s Day actualized slightly down -1.7% (-3.8% last report) with -54 less bookings than last year o The largest underperformance occurred on the 10th, which actualized down -6.1% (-7.1% last report) with -171 less bookings than last year o The largest outperformance occurred on the 12th, which actualized up +9.3% (+9.8% last report) with +240 more bookings than last year o Inventory for the month actualized slightly lower than last year; 77,179 this year vs 77,246 last year March: ➢ March’s average daily performance is up +4.4% over last year at this time with some small underperformances since last month noticed during the first two weeks o There are +5726 (+5887 last report) more bookings than last year at this time o The largest outperformance was on the 15th, up +17.4% (+19.0% last report), although this has now shifted to the 17th, up +18.8% over last year at this time o The largest underperformance is on the 4th, down -8.5% (-5.3% last report) over last year at this time o Inventory is higher than last year for the entire month April ➢ April’s average daily performance is up +8.2% over last year at this time with strong outperformance in the beginning of the month and slight outperformance from the 11th on o There are +6970 (+7723 last report) more bookings than last year at this time o Easter (April 12th) is currently up +4.7% (+8.5% last report) over last year at this time ▪ When comparing Easter Day 2020 to Easter Day 2019 (April 12th vs April 21st) occupancy is currently up +147.6% (+193.4% last report) over last year at this time (20.8% vs 8.4%) o The largest outperformance was on the 9th, up +22% (+23.3% last report) over last year, and is now on the 5th, up +24.3% o The largest underperformance is on the 29th, down -8.7% (-8.0% last report) over last year at this time o Inventory is higher than last year for the entire month Copyright (c) 2020, Sterling Valley Systems All Rights Reserved. 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Communications@Inntopia.com www.Inntopia.com May ➢ May’s average daily performance is slightly down -0.1% over last year at this time as the majority of the month is staying close to equivalency with last year o There are +221 (+507 last report) more bookings than last year at this time o Memorial Day Weekend is on average down -1.0% (+0.1% last report) with -16 less bookings over last year at this time o The largest underperformance is on the 31st, down -7.8% (-6.3% last report) over last year at this time o The largest outperformance was on the 20th, up +12.0% (+13.4% last report) but has now shifted to the 2nd, up +12.8% over last year at this time o Inventory is higher than last year for the entire month June ➢ June’s average daily performance is down -3.0% over last year at this time as mostly underperformances are noted with some outperformances predominantly found during mid-week days o There are -384 (-1254 last report) less bookings than last year at this time o The largest underperformance was on the 4th, down -16.1% (-19.2% last report), and has now shifted to the 2nd, down -17.6% over last year at this time o The largest outperformance is on the 17th, up +11.4% (+9.6% last report) over last year at this time o Inventory is higher than last year for the entire month July ➢ July’s average daily performance is down -1.8% over last year at this time as few outperformances are noted during the month o There are +749 (-150 last report) more bookings than last year at this time o The 4th of July is currently down -2.8% (-4.0% last report) with -3 less bookings over last year at this time o The largest outperformance was on the 15th, up +6.7% (+11.2% last report), and has now shifted to the 31st up +28.2% over last year at this time o The largest underperformance is on the 7th, down -16.4% (-17% last report) over last year at this time o Inventory is higher than last year for the entire month August ➢ August’s average daily performance is up +8.5% over last year at this time as the first week of August continues to be a strong outperformer compared to last year, and only 4 underperformances are noted for the month o There are +7776 (+6821 last report) more bookings than last year at this time o The largest outperformance is on the 2nd, up +33.7% (+35.4% last report) over last year at this time o The largest underperformance is on the 29th, down -4.6% (-6.4% last report) over last year at this time o Inventory is higher than last year for the entire month