HomeMy WebLinkAboutVail_Production_Notes_05-15-2020Copyright (c) 2020, Sterling Valley Systems All Rights Reserved.
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Data as of: 05/15/2020
Vail Production Notes
CV-19 CLOSURES NOTES:
➢ There are currently 16 properties closed due to COVID-19. These properties' closure dates range from April 1 -
May 31 with some properties planning to reopen in May
o Arrabelle at Vail Square
o Christiania Lodge
o Destination Resorts Vail
o Four Seasons Resort Vail
o Grand Hyatt Vail
o Lodge Tower
o Sitzmark Lodge
o Sonnenalp Resort of Vail
o The Wren
o Tivoli Lodge
o Vail International Condos
o Vail Mountain Lodge
o Vail Residences at Cascade Village
o Vail Spa Condos
o Vail Marriott
o Ritz-Carlton Residences
DOR PRODUCTION NOTES:
General DOR Notes:
➢ *Due to new property management system data migration issues at each property, Arrabelle at Vail Square, The
Lodge at Vail, and the Ritz-Carlton Residences have not been included in this report. Once these issues have
been resolved we will restate the 05/15 report, contingent on receiving the 05/15 data sets from the 3
properties in question.*
➢ Since the last report (04/30), bookings activity for May 1st through November 30th has yielded a net of -12,120
or 12,120 cancellations. This level of net booking activity has doubled from the last report (-6,752).
➢ As the net activity still remains negative, pointing towards the continued trend of cancellation prevalence, the
increase away from 0 in net booking activity indicates that there has been a large change in regards to increases
in cancellations, or an uptick in cancellation behavior, and tells us that the market has not settled on a trend in
either direction yet.
o *It is important to consider that when we observe net statistics these numbers take into account a
summation of both bookings and cancellations as both types of activity were noted since the last report.
Copyright (c) 2020, Sterling Valley Systems All Rights Reserved.
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May
➢ Since the last report, May only has 1 day where the net booking activity is negative, indicating that there has
been a change in consumer behavior for the month
o There are -11,068 (-10,168 last report) less bookings than last year at this time
o Average daily performance experienced slight decline to -14.7% (-14% last report) and is characterized
not by the loss of bookings since the last report, but the net loss versus the bookings gained last year
around this time
o Since the last report, -3 (-152 last report) bookings have been cancelled for the month
o Memorial Day Weekend is on average down -16.3% (-12.3% last report) with a total of -1,211 (-877 last
report) less bookings over last year at this time
o The largest reduction in bookings, since the last report, occurred on the 1st with -3 bookings cancelled
o The largest addition in bookings, since the last report, occurred on the 13th with +119 bookings added
o Inventory is lower than last year for the entire month
June
➢ June experienced a positive net booking activity only on the first 4 days of the month while the rest of the
month continued to experience high cancellations volume
o There are -27,494 (-22,980 last report) less bookings than last year at this time
o June’s average daily performance is -37.2% (-30.9% last report)
o Since the last report, -2,355 (-1,730 last report) bookings have been cancelled for the month
o The largest reduction in bookings, since the last report, occurred on the 27th, with -274 bookings
cancelled
o The largest addition in bookings, since the last report, occurred on the 1st, with +15 bookings added
o Inventory is lower than last year for the entire month
July
➢ July continues to experience heavy cancellations volume, indicating that consumers are less optimistic about
traveling during the month
o There are -18,578 (-11,008 last report) less bookings than last year at this time
o Since the last report, there have been -5,562 (-1,854 last report) bookings for the month
o July’s average daily performance is -22.2% (-14.7% last report)
o The 4th of July is currently down -22.4% (-13.4% last report) with -606 (-324 last report) less bookings
over last year at this time
o There are no days outperforming last year
o The largest reduction in bookings, since the last report, occurred on the 15th, with -281 bookings
cancelled
o No days had a net addition of bookings
o Inventory is lower than last year for the entire month
Copyright (c) 2020, Sterling Valley Systems All Rights Reserved.
Confidential Information not for reproduction and protected by law.
Communications@Inntopia.com
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August
➢ August has only 1 day outperforming last year as large cancellation volume continues for the month
o There are -7,744 (-2,605 last report) less bookings than last year at this time
o Average daily performance fell to -7.8% (-3.8% last report)
o Since the last report, there have been -3,090 (-2,027 last report) bookings for the month
o The largest outperformance was on the 2nd, up +0.4 (+4.3% last report) and has now shifted to the 27th,
up +5.2% over last year at this time
o The largest underperformance was on 14th, down -27.6% (-18.8% last report) over last year at this time
o The largest reduction in bookings, since the last report, occurred on the 21st, with -218 bookings
cancelled
o The largest addition in bookings, since the last report, occurred on the 31st, with +27 bookings added
o Inventory is lower than last year for the entire month
September
➢ September has experienced some positive growth as average daily performance increased to -2.3% (-2.5% last
report)
o There are -3,372 (-1,524 last report) less bookings than last year at this time
o Since the last report, there have been -1,545 (-1,953 last report) bookings for the month
o The largest outperformance is on the 14th up +16.1% (+8.4% last report) over last year at this time
o The largest underperformance is on the 7th, down -25.0% (-24.3% last report) over last year at this time
o The largest reduction in bookings, since the last report, occurred on the 19th, with -231 bookings
cancelled
o The largest addition in bookings, since the last report, occurred on the 1st, with +29 bookings added
o Inventory is lower than last year for the entire month
October
➢ October is experiencing a much smaller cancelation volume than most months included and currently has 12
days outperforming last year
o There are -2,353 (-1,661 last report) less bookings than last year at this time
o Average daily performance improved to -2.2% (-3.0% last report)
o The largest reduction in bookings, since the last report, occurred on the 1st, with -292 bookings cancelled
o The largest addition in bookings, since the last report, occurred on the 5th, with +11 bookings added
o The largest outperformance is on the 9th, up +6.8% (+6.7% last report) over last year at this time
o The largest underperformance is on the 19th, down -12.9% (-19.3% last report) compared to last year at
this time
o Inventory is lower than last year for the entire month
Copyright (c) 2020, Sterling Valley Systems All Rights Reserved.
Confidential Information not for reproduction and protected by law.
Communications@Inntopia.com
www.Inntopia.com
November
➢ November is now on the books and is slightly underperforming last year with an average daily performance of -
0.3%
o There are -507 less bookings than last year at this time
o The largest outperformance is on the 14th, up +3.1% over last year at this time
o The largest underperformance is on the 6th, down -6.9% over last year at this time
o Inventory is lower than last year for the entire month