HomeMy WebLinkAbout08. Vail_Production_Notes_07-31-2020Copyright (c) 2020, Sterling Valley Systems All Rights Reserved.
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Data as of: 07/31/2020
Vail Production Notes
RAO PRODUCTION NOTES:
General RAO Notes:
➢ All months, except September, October, and November, are showing an increase in inventory compared to last
year at this time
o July: +367 RNA or +12 units per day
o August: 0 RNA or 0 units per day
o September: -469 RNA or -16 units per day
o October: -8 RNA or 0 units per day
o November: -245 RNA or -8 units per day
o December: +810 RNA or +26 units per day
o January: +1,394 RNA or +45 units per day
➢ On the books occupancy is down -42.0% (-49.2% last month) over last year, while historic actual occupancy is
also down -44.4% (-37.1% last month) over last year
➢ On the books ADR is up +0.5% (+9.1% last month) over last year, while historic actual ADR is also up +15.4%
(+16.7% last month) over last year
➢ On the books RevPAR is down -41.7% (-44.5% last month) over last year while historic actual RevPAR is also
down -35.8% (-26.6% last month) over last year
Summer Season:
➢ July gained +16.7% as an absolute measure of occupancy in July
o Bookings made in July for July are up +6.1% in absolute variance vs those made last year in July for July
➢ August gained +16.3% as an absolute measure of occupancy in July
o Bookings made in July for August are up +4.8% in absolute variance vs those made last year in July for
August
➢ September gained +1.7% as an absolute measure of occupancy in July
o Bookings made in July for September are down -4.1% in absolute variance vs those made last year in July
for September
➢ October gained +0.5% as an absolute measure of occupancy in July
o Bookings made in July for October are down -0.9% in absolute variance vs those made last year in July
for October
➢ As a measure of RevPAR summer season is down -44.9% (-55.6% last month) compared to last year at this time
➢ As a measure of ADR summer season is up +7.0% (+7.7% last month) compared to last year at this time
➢ As a measure of Occupancy summer season is down -48.6% (-58.8% last month) compared to last year at this
time
➢ No months are showing occupancy gains over last summer season
➢ July, August, September, and October are showing ADR gains over last summer season
➢ Seasonal Inventory
o For the entire summer season there are 435,566 room nights available, a -0.5% (-3.9% last report)
decrease over last summer season (437,628)
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➢ Seasonal Bookings
o For the entire summer season there are 83,766 room nights booked, a -48.8% (-60.3% last report)
decrease over last summer season (163,583)
Winter Season:
➢ November gained +1.1% as an absolute measure of occupancy in July
o Bookings made in July for November are even in absolute variance vs those made last year in July for
November
➢ December gained +1.9% as an absolute measure of occupancy in July
o Bookings made in July for December are down -1.5% in absolute variance vs those made last year in July
for December
➢ January has just come on the books and is showing 11.4% occupancy, down -48.6% over last year (22.1%)
➢ As a measure of RevPAR, winter season is down -44.4% (-34.4% last report) compared to last year at this time
➢ As a measure of ADR, winter season is down -8.0% (-5.8% last report) compared to last year at this time
➢ As a measure of Occupancy, winter season is down -39.6% (-30.4% last report) compared to last year at this time
➢ No months have occupancy gains over last winter season
➢ November is showing an ADR gain over last winter season
➢ Seasonal Inventory
o For the entire winter season there are 223,451 room nights available, a +0.9% (+1.9% last report)
increase over last winter season (221,492)
➢ Seasonal Bookings
o For the entire winter season there are 19,415 room nights booked, a -39.1% (-29.1% last report)
decrease over last winter season (31,870)
(This area is intentional left blank)
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Confidential Information not for reproduction and protected by law.
Communications@Inntopia.com
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DOR PRODUCTION NOTES:
General DOR Notes:
➢ Average Daily Performance from July 1st, 2020 to January 31st, 2021 is currently down -11.2% (-11.1% last report)
compared to last year
➢ Since the last report (07/15), bookings activity for June 1st through January 31st has yielded a net of +18,393 or
18,393 bookings. This level of net booking activity has increased from the last report (+13,101).
➢ The 07/31 report is the third consecutive report showing strong demand as daily net booking activity
experienced a further increase. While health regulations continue to dictate the state of travel, consumers are
reacting by booking high volumes in the short term. Since the last report, net booking activity for July 1st –
September 30th shows +16,799 net new bookings, whereas net booking activity from October 1st to January 31st
shows +1,594 net new bookings. Furthermore, the time period of July 1st through August 31st accounts for
+15,888, or 94.6% of the net new bookings. This prominent trend of short-lead new bookings can be
problematic for property managers as staffing levels needed to conduct business are only well known for the
next 30-60 days while anything outside of that date range is more susceptible to volatility in the marketplace.
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.
July
➢ July experienced an increase in short-term bookings since the last report, improving average daily performance
to -22.2% (-22.9% last report) for the month
o There are -17,688 (-16,582 last report) less bookings than last year at this time
o Since the last report, there have been net +5,711 (+7,524 last report) bookings for the month
o The 4th of July was up +0.9% (+1.4% last report) with +17 (+54 last report) more bookings over last year
at this time and has added 82 bookings since the last report
o There was one day outperforming last year, the 4th
o No days experienced a net cancellation of bookings since the last report
o The largest underperformance was on the 2nd, down -41.4% over last year at this time
o The largest increase in bookings, since the last report, occurred on the 31st, with +574 bookings added
o Inventory is slightly lower than last year for the entire month
August
➢ August experienced a large increase in new bookings as consumers are sticking to planning vacations only a few
weeks out, improving average daily performance to -12.3% (-18.2% last report)
o There are -9,446 (-13,158 last report) less bookings than last year at this time
o No days experienced a net decrease in bookings since the last report
o Since the last report, there have been net +10,177 (+3,125 last report) bookings for the month
o The largest outperformance is on the 12th, up +7.1% over last year at this time
o The largest underperformance was on the 10th, down -25.4% (-36.9% last report), but has now shifted to
the 29th, down -33.8% over last year at this time
o No days experienced a net cancellation of bookings since the last report
o The largest addition in bookings, since the last report, occurred on the 1st, with +625 bookings added
o Inventory is slightly higher than last year for the entire month
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September
➢ While September experienced almost double the booking fill as that was experienced last report, performance is
much lower in comparison to last year at this time as average daily performance has fallen further to -14.7% (-
12.9% last report)
o There are -11,028 (-9,027 last report) less bookings than last year at this time
o Since the last report, there have been net +911 (+428 last report) bookings for the month
o There are no days outperforming last year
o The largest underperformance is on the 11th, down -30.3% (-33.4% last report) over last year at this time
o The largest reduction in bookings, since the last report, occurred on the 24th, with -228 bookings
cancelled
o The largest addition in bookings, since the last report, occurred on the 15th, with +156 bookings added
o Inventory is slightly higher than last year for the entire month
October
➢ October experienced a net increase in daily cancellations since the last report and as such average daily
performance has decreased to -7.7% (-4.6% last report)
o There are -5,643 (-3,213 last report) less bookings than last year at this time
o Halloween is currently down -5.5% (-2.9% last report) with -129 (-66 last report) less bookings over last
year at this time and has added 10 bookings since the last report
o Since the last report, there have been net -78 (+489 last report) bookings for the month
o The largest reduction in bookings, since the last report, occurred on the 28th, with -87 bookings
cancelled
o The largest addition in bookings, since the last report, occurred on the 16th, with +96 bookings added
o There are no days outperforming last year
o The largest underperformance was on the 19th, down -15.1% (-13.4% last report), and has now shifted to
the 2nd, down -32.7% over last year at this time
o Inventory is slightly higher than last year for the entire month
November
➢ November experienced small changes in bookings and cancellations, decreasing average daily performance to -
2.3% (-1.4% last report)
o There are -1,668 (-927 last report) less bookings than last year at this time
o Since the last report, there have been net +587 (+369 last report) bookings for the month
o The largest addition in bookings, since the last report, occurred on the 10th, with +97 bookings added
o The largest reduction in bookings, since the last report, occurred on the 13th, with -36 bookings
cancelled
o The largest outperformance was on the 13th, up -0.3% (+1.7% last report) and has now shifted to the
22nd, up +0.5% over last year at this time
o The largest underperformance was on the 5th, down -9.8% (-7.9% last report), and has now shifted to
the 6th, down -10.6% over last year at this time
o Inventory is higher than last year for the 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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December
➢ December experienced a heavily reduced volume of net bookings compared to last report, lowering average
daily performance to -8.6% (-7.0% last report)
o There are -6,936 (-5,122 last report) less bookings than last year at this time
o Since the last report, there have been net +453 (+1,215 last report) bookings for the month
o Only 3 days remain outperforming last year
o Christmas is currently down -16.8% (-15.2% last report) with -436 (-363 last report) less bookings than
last year at this time and has added 29 bookings since the last report
o New Years Eve is currently down -8.9% (-8.0% last report) with -233 (-189 last report) less bookings than
last year at this time and has added 40 bookings since the last report
o The largest addition in bookings, since the last report, occurred on the 31st, with +40 bookings added
o The only net reduction in bookings, since the last report, occurred on the 1st, with -75 bookings
cancelled
o The largest outperformance is on the 11th, up +3.2% (+5.5% last report) over last year at this time
o The largest underperformance is on the 25th, down -16.8% (-15.2% last report) over last year at this time
o Inventory is slightly lower than last year for the entire month
January
➢ January experienced very little bookings fill since the last report as bookings trends are showing consumer
preference for short lead travel and plans
o There are -8,021 (-7,212 last report) less bookings than last year at this time
o New Years Day is down -7.4% (-6.1% last report) with -192 (-143 last report) less bookings than last year
at this time
o Average daily performance is -10.7% (-10.4% last report)
o The largest underperformance was on the 22nd, down -14.0% (-18.5% last report), and has now shifted
to the 21st, down -14.7% over last year at this time
o The largest addition in bookings, since the last report, occurred on the 13th, with +60 bookings added
o The largest reduction in bookings, since the last report, occurred on the 28th, with -36 bookings
cancelled
o There are no days outperforming last year
o Inventory is slightly lower than last year for the entire month