HomeMy WebLinkAbout06. Vail_Production_Notes_01-15-2021Copyright (c) 2021, Sterling Valley Systems All Rights Reserved.
Confidential Information not for reproduction and protected by law.
Communications@Inntopia.com
www.Inntopia.com
Data as of: 01/15/2021
Vail Production Notes
DOR PRODUCTION NOTES:
General DOR Notes:
➢ Average Daily Performance for the current month and upcoming 6, January 1st, 2021 to July 31st, 2021 has
improved since last report, but is currently down -13.7% (-13.9% last report) compared to last year
➢ Room Nights Booked (RNB) for the current month and upcoming 6, January 1st, 2021 to July 31st, 2021 total
131,242 and are currently down -72,566, or -35.5%, compared to last year at this time (203,446)
➢ Since the last report (12/31), bookings activity for January 1st through June 30th, 2021 has yielded a net of
+15,294 or 15,294 new bookings. This level of net booking activity has decreased from the last report (+20,384)
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.
o **We cannot account for the net change to bookings for the month of July as this month is newly on the
books and therefore has no change from the prior report
➢ New booking’s arrival date distribution of the total 15,294 (20,384 last report) added since last report:
o January: +6,247 (+8,910 last report) or 42% (43.7% last report)
o February: +5,177 (+3,084 last report) or 33% (18.8% last report)
o March: +2,525 (+3,068 last report) or 16% (15.1% last report)
o April: +671 (+718 last report) or 4% (3.5% last report)
o May: +8 (+92 last report) or 0.05% (0.5% last report)
o June: +666 (-267 last report) or 4% (-1.3% last report)
➢ Net new bookings added since the 12/31 report follow the previous uptick in business, though underperforming
the bookings noted last report by roughly 5,000. While still a very strong net new bookings increase figure, this
decrease highlights the shortcomings in April and May as net new bookings continue to stay suppressed in those
months. June experienced a large change in trend, with a net reduction in bookings noted last report, June has
added +666 net new bookings for the month, 81.0% of which have arrival dates between the 20th and 30th.
January added the largest share of net new bookings, 42% of total or +6,247, and 77.6% of net new bookings
have arrival dates of the 15th to the 31st. February added the second most net new bookings, +5,177 or 33%,
though the month is performing the worst of all in scope compared to last year with an average daily
performance of -25.3%. As we pass the holiday season, the next 3 winter months in scope remain down double-
digit figures in comparison to last year, leaving quite the challenge for hoteliers and property managers to fill in
said gaps. As short-lead bookings continue to help feed the marketplace there is always potential for a large
turnaround in the month, for the month. In addition to short-lead bookings, a change of power in Washington
DC combined with a democratic sweep of congressional power has the potential to create more options for
economic recovery actions, and may introduce more creative, and frequent, actions as there are less barriers to
implementing policy. Even with an expected heightened level of economic stimulus, and the continued dispersal
of COVID-19 vaccines, the road ahead to recovery remains long and unclear, though possibly, shortened.
Copyright (c) 2021, Sterling Valley Systems All Rights Reserved.
Confidential Information not for reproduction and protected by law.
Communications@Inntopia.com
www.Inntopia.com
January
➢ January has added roughly 2,500 less bookings than noted last report, though the booking pace helped to lessen
the underperformance compared to last year, as average daily performance has improved slightly to -18.2% (-
18.9% last report)
o There are -14,299 (-15,376 last report) less bookings than last year at this time
o Since the last report, there have been net +6,247 (+8,910 last report) bookings for the month
o New Year’s Day is down -13.1% (-9.0% last report) with -339 (-228 last report) less bookings than last
year at this time and has experienced a net loss of -28 (+531 last report) bookings since the last report
o There are no days outperforming last year
o The largest underperformance is on the 31st, down -35.2% (-30.0% last report) over last year at this time
o The largest addition in bookings, since the last report, occurred on the 16th, with +504 bookings added
o The largest net reduction in bookings, since the last report, occurred on the 1st, with -28 cancellations
o Inventory is mostly slightly higher than last year at this time
February
➢ February continued the trend noted last report of adding bookings in a high frequency, and was able to show
some improvement in performance, though the underperformance versus last year is still quite large, average
daily performance has improved to -25.3% (-26.3% last report)
o There are -17,817 (-19,446 last report) less bookings than last year at this time
o Since the last report, there have been net +5,177 (+3,840 last report) bookings for the month
o The largest addition in bookings, since the last report, occurred on the 13th, with +321 bookings added
o No days experienced a net reduction in bookings
o There are no days outperforming last year
o The largest underperformance is on the 4th, down -40.3% (-39.0% last report) over last year at this time
o Inventory is slightly higher than last year at this time
March
➢ March added a smaller amount of bookings than last report, and is severely underperforming booking pace for
the month at this time last year, and as such, average daily performance has declined further to -18.2% (-15.9%
last report)
o There are -14,180 (-12,990 last report) less bookings than last year at this time
o Since the last report, there have been net +2,525 (+3,068 last report) bookings for the month
o The largest addition in bookings, since the last report, occurred on the 13th and 15th, with +128 bookings
added on both dates
o No largest net reduction in bookings, since the last report, occurred on the 8th, with -23 cancellations
o The largest outperformance is on the 30th, up +8.7% (+9.8% last report) over last year at this time
o The largest underperformance is on the 1st, down -44.1% (-41.6% last report) over last year at this time
o Inventory is slightly higher than last year at this time
April
➢ While April’s average daily performance had improved slightly last report, a small amount of net bookings added
has contributed to a decline in average daily performance to -10.2% (-7.3% last report)
o There are -7,564 (-5,554 last report) less bookings than last year at this time
Copyright (c) 2021, Sterling Valley Systems All Rights Reserved.
Confidential Information not for reproduction and protected by law.
Communications@Inntopia.com
www.Inntopia.com
o Since the last report, there have been net +671 (+718 last report) bookings for the month
o Easter (4/4) is currently down -9.5% (-10.3% last report) with -240 (-272 last report) less bookings than
last year at this time and has added +72 (+45 last report) bookings since the last report
o The largest addition in bookings, since the last report, occurred on the 2nd, with +136 bookings added
o The largest net reduction in bookings, since the last report, occurred on the 20th, with -34 cancellations
o There are no days outperforming last year
o The largest underperformance is on the 3rd, down -29.9% (-26.3% last report) over last year at this time
o Inventory is mostly slightly higher than last year at this time
May
➢ May experienced very little net bookings increase since last report, contributing to a further decline in
performance compared to last year as average daily performance has fallen slightly to -4.7% (-4.3% last report)
o There are -3,502 (-3,133 last report) less bookings than last year at this time
o Since the last report, there have been net +8 (+92 last report) bookings for the month
o The largest net addition in bookings, since the last report, occurred on the 29th, with +19 bookings
added
o The largest net reduction in bookings, since the last report, occurred on the 18th and 19th, with -45
bookings cancelled on both days
o The largest outperformance is on the 15th, up +0.5% (+0.9% last report) over last year at this time
o The largest underperformance was on the 11th, down -11.8% (-11.8% last report), and has now shifted to
the 18th, down -12.8% over last year at this time
o Inventory is higher than last year at this time
June
➢ June experienced a net reduction in bookings last report though this trend has reversed, and +666 bookings
have been added; this addition underperformed booking pace noted last year as average daily performance
declined slightly to -11.4% (–11.3% last report)
o There are -8,685 (-7,926 last report) less bookings than last year at this time
o Since the last report, there have been net +666 (-267 last report) bookings for the month
o The largest net addition in bookings, since the last report, occurred on the 22nd, with 122 bookings
added
o The largest net reduction in bookings, since the last report, occurred on the 17th, with -50 cancellations
o The only outperformance was on the 7th, down -6.3% (+1.5% last report), and has now shifted to the
30th, up +1.8% over last year at this time
o The largest underperformance was on the 25th, down -21.9% (-22.3% last report), and has now shifted to
the 18th, down -24.6% over last year at this time
o Inventory is slightly lower than last year at this time
July
➢ July has just come on the books showing an average daily performance of -8.7%
o There are -6,519 less bookings than last year at this time
o The only outperformance is on the 1st, up +1.8% over last year at this time
o The largest underperformance is on the 30th, down -34.9% over last year at this time
o Inventory is slightly higher than last year at this time