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HomeMy WebLinkAbout10. Vail_Segment_Report_Condos_vs_Hotel_Properties_2021-01-31Vail Condo Properties and Vail Hotel Properties Period: Bookings as of January 31, 2021 Vail Condo Properties Vail Hotel Properties Index: Vail Condo Properties vs Vail Hotel Properties (100=0) 46.9%50.9%92.1 $558 $469 119.0 $262 $238 109.7 45.3%48.8%93.0 $638 $509 125.5 $289 $248 116.6 Vail Condo Properties Vail Hotel Properties Absolute Difference: Vail Condo Properties vs Vail Hotel Properties -9.8%-28.1%18.2% -15.7%-12.4%-3.4% -24.0%-37.0%13.0% -24.3%-31.8%7.5% -5.5%-13.3%7.8% -28.5%-40.9%12.4% CUSTOM COMPARATIVE BENCHMARK REPORT Vail Condo Properties and Vail Hotel Properties Executive Summary Historic Actual Occupancy for Last Month (January) A. PERFORMANCE - Last Month Performance: Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Historic Actual Revenue Per Available Room for Last Month (January) Historic Actual Average Daily Rate for Last Month (January) © 2021 Sterling Valley Systems, Inc. All rights reserved. No parts of this work may be reproduced in any form or by any means, graphic, electronic or mechanical, including photocopying, recording, taping or information storage and retrieval systems - without the written permission of the copyright holder. Products that are referred to in this document may be either trademarks and/or registered trademarks of the respective owners. The publisher and the author make no claim to these Trademarks. While every precaution has been taken in the preparation of this document, the publisher and the author assume no responsibility for errors or omissions, or for damages resulting from the use of information contained in this document or from the use of programs and source code that may accompany it. In no event shall the publisher and the author be liable for any loss of profit or any other commercial damage caused or alleged to have been caused directly or indirectly by this document. Year over Year % Change in Average Daily Rate for Last Month (January) Year over Year % Change in Occupancy for Next Month (February) Year over Year % Change in Average Daily Rate for Next Month (February) On-The-Books Revenue per Available Room for Next Month (February) Year of Year % Change in Revenue Per Available Room for Next Month (February) C. PACING - Last Month Year over Year % change in Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Year over Year % Change in Occupancy for Last Month (January) D. PACING - Next Month Year over Year % change in Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Year of Year % Change in Revenue Per Available Room for Last Month (January) On-The-Books Occupancy for Next Month (February) On-The-Books Average Daily Rate for Next Month (February) B. PERFORMANCE - Next Month Performance: Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Absolute Comparison Series (2020/21): Vail Condo Properties vs Vail Hotel Properties Period: Bookings as of January 31, 2021 Custom Comparative Report 41% 32% 21%21% 38% 47%45% 34% 8%1%5% 13%18% 52% 44% 33%26% 49%51%49% 29% 7%3% 12%19%19%78.3 72.2 63.9 80.9 76.8 92.1 93.0 116.5 118.5 17.5 43.4 70.1 93.0 0 20 40 60 80 100 120 140 0% 10% 20% 30% 40% 50% 60% August September October NovemberDecember January February March April May June JulyOn the books months total Vail Condo Properties Vail Hotel Properties Index: Vail Condo Properties vs. Vail Hotel Properties 41% 32% 21%21% 38% 47%45% 34% 8% 1% 5% 13%18% 52% 44% 33%26% 49% 51%49% 29% 7% 3%12% 19%19% 78.3 72.2 63.9 80.9 76.8 92.1 93.0 116.5 118.5 17.5 43.4 70.1 93.0 0 20 40 60 80 100 120 140 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% August September October November December January February March April May June July On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesOccupancy RateChart 1.1 -Occupancy Rate, YTD 2020/21: Vail Condo Properties vs. Vail Hotel Properties $264 $228 $194 $255 $666 $558 $638 $693 $449 $312 $305 $335 $586 $274 $255 $223 $265 $514 $469 $509 $517 $344 $219 $262 $292 $432968987 97 129 119 125 134 131 142 117 115 136 0 20 40 60 80 100 120 140 160 $0 $100 $200 $300 $400 $500 $600 $700 $800 August September October November December January February March April May June July On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesADRChart 1.2 -Average Daily Rate, YTD 2020/21 Vail Condo Properties vs. Vail Hotel Properties $108 $72 $41 $55 $251 $262 $289 $234 $35 $2 $15 $44 $105 $144 $112 $74 $70 $253 $238 $248 $150 $23 $8 $31 $55 $83 75 64 56 78 99 110 117 156 155 25 51 80 126 0 20 40 60 80 100 120 140 160 180 $0 $50 $100 $150 $200 $250 $300 $350 August September October November December January February March April May June July On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesRevPARChart 1.3 -Revenue per Available Room, YTD 2020/21 Vail Condo Properties vs. Vail Hotel Properties 78 72 64 81 77 92 93 117 119 18 43 70 9396898797 129 119 125 134 131 142 117 115 136 0 20 40 60 80 100 120 140 160 180 200 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 On the books months totalIndex: Vail Condo Properties vs. Vail Hotel PropertiesChart 1.4 -YTD 2020/21 Indexes: Occupancy & ADR: Vail Condo Properties vs. Vail Hotel Properties Index: Occupancy Index: ADR Historic On the Books Historic On the books Historic On the books Historic On the Vail Hotel Properties Period: Bookings as of January 31, 2021 Pacing Series (2020/21 vs. 2019/20) : Vail Condo Properties vs. Vail Hotel Properties Custom Comparative Report Vail Condo Properties 3.8% 22.7% 47.1%44.3% -13.2%-9.8% -24.3%-20.6%-24.4% -4.0% -57.9% -29.6%-29.1%-17.3%-21.6%-12.5%-22.1%-22.0%-28.1%-31.8% -45.2% -68.8%-61.4% -50.7% -20.0% -41.7% -80% -60% -40% -20% 0% 20% 40% 60% 80% 100% August September October November December January February March April May June July On the books months total% Change in Occupancy RateChart 2.1 -% Change in Occupancy Rate, 2020/21 vs. 2019/20: Vail Condo Properties vs. Vail Hotel Properties -3.9% 3.5% -3.7%-4.6%-11.0% -15.7% -5.5% 3.6% 9.8% 57.7% 20.8%23.5% 3.4%2.6% 14.6% 26.1%29.0% -13.2%-12.4%-13.3%-7.3% 45.1% 32.6% 16.7% 5.5% -2.6% -20% -10% 0% 10% 20% 30% 40% 50% 60% 70% August September October November December January February March April May June July On the books months total% Change in ADR,Chart 2.2 -% Change in ADR, 2020/21 vs. 2019/20: Vail Condo Properties vs. Vail Hotel Properties -0.3% 27.0% 41.6%37.7% -22.8%-24.0%-28.5%-17.7%-17.0% 51.4% -49.1% -13.0% -26.7%-15.2%-10.2% 10.3% 0.4% -32.3%-37.0%-40.9%-49.2%-54.7%-48.8% -42.4% -15.6% -43.1% -80% -60% -40% -20% 0% 20% 40% 60% 80% 100% August September October November December January February March April May June July On the books months total% Change in RevPARChart 2.3 -% Change in RevPAR, 2020/21 vs. 2019/20: Vail Condo Properties vs. Vail Hotel Properties 21% 44% 60%66% 9%18% 7% 25% 44% 57% -7%-10% 13% -6%-11% -30%-34% 2% -3% 8%11% -35% 25% 4% 18% 6% -100% -80% -60% -40% -20% 0% 20% 40% 60% 80% 100% Aug-20 vs. Aug-19 Sep-20 vs. Sep-19 Oct-20 vs. Oct-19 Nov-20 vs. Nov-19 Dec-20 vs. Dec-19 Jan-21 vs. Jan-20 Feb-21 vs. Feb-20 Mar-21 vs. Mar-20 Apr-21 vs. Apr-20 May-21 vs. May-20 Jun-21 vs. Jun-20 Jul-21 vs. Jul- 20 On the books months totalChange in Occup. & ADRVail Condo Properties vs. Vail Hotel PropertiesChart 2.4 -Change in Occupancy & ADR 2020/21 vs. 2019/20: Vail Condo Properties vs. Vail Hotel Properties Change in Occ Rate Change in ADR Historic On the books Historic On the books Historic On the books Historic On the books Vail Condo Properties Vail Hotel Properties INDEX OCCUPANCY RATE OCCUPANCY RATE: YTD 2020/21 VS. YTD 2019/20 OCCUPANCY RATE: YTD 2020/21 VS. YTD 2019/20 Vail Condo Properties Vail Condo Properties Percent Occup. Rate as of:Occup. Rate as of:Percent Occup. Rate as of:Occup. Rate as of:Percent as an Index of as an Index of Change in Jan 31, 2021 Jan 31, 2020 Change in Jan 31, 2021 Jan 31, 2020 Change in Vail Hotel Vail Hotel Index: Month of Occupancy (2020/21 & 2019/20)(2020/21 season)(2019/20 season)YTD Occ. Rate (2020/21 season)(2019/20 season)Occ. Rate YTD 2020/21 YTD 2019/20 2020/21 vs. 2019/20 August 41.0%39.5%3.8%52.4%63.4%-17.3%78.3 62.4 25.5% September 31.6%25.8%22.7%43.8%55.8%-21.6%72.2 46.1 56.4% October 21.2%14.4%47.1%33.2%37.9%-12.5%63.9 38.0 68.2% November 21.4%14.8%44.3%26.5%34.0%-22.1%80.9 43.6 85.4% December 37.7%43.5%-13.2%49.1%63.0%-22.0%76.8 69.0 11.3% January Historic 46.9%52.0%-9.8%50.9%70.7%-28.1%92.1 73.5 25.3% February On the Books 45.3%59.9%-24.3%48.8%71.5%-31.8%93.0 83.8 11.0% March 33.7%42.5%-20.6%29.0%52.8%-45.2%116.5 80.5 44.8% April 7.8%10.3%-24.4%6.6%21.1%-68.8%118.5 48.8 142.6% May 0.6%0.6%-4.0%3.4%8.9%-61.4%17.5 7.0 148.5% June 5.0%12.0%-57.9%11.6%23.6%-50.7%43.4 50.7 -14.6% July 13.2%18.7%-29.6%18.8%23.5%-20.0%70.1 79.6 -12.0% Grand total 25.9%29.0%-10.7%31.1%43.8%-28.9%83.3 66.3 25.6% Historic months total 33.8%32.7%3.6%42.8%54.2%-21.0%79.0 60.2 31.2% On the books months total 17.9%25.3%-29.1%19.3%33.1%-41.7%93.0 76.5 21.6% Vail Condo Properties Vail Hotel Properties INDEX AVERAGE DAILY RATE ADR: YTD 2020/21 VS. YTD 2019/20 ADR: YTD 2020/21 VS. YTD 2019/20 Vail Condo Properties Vail Condo Properties Percent ADR as of:ADR as of:Percent ADR as of:ADR as of:Percent as an Index of as an Index of Change in Jan 31, 2021 Jan 31, 2020 Change in Jan 31, 2021 Jan 31, 2020 Change in Vail Hotel Properties Vail Hotel Properties Index: Month of Occupancy (2020/21 & 2019/20)(2020/21 season)(2019/20 season)YTD Occ. Rate (2020/21 season)(2019/20 season)Occ. Rate YTD 2020/21 YTD 2019/20 2020/21 vs. 2019/20 August $264 $275 -3.9%$274 $267 2.6%96.4 102.9 -6.3% September $228 $220 3.5%$255 $223 14.6%89.1 98.6 -9.7% October $194 $202 -3.7%$223 $177 26.1%87.0 114.0 -23.7% November $255 $268 -4.6%$265 $205 29.0%96.5 130.6 -26.1% December $666 $748 -11.0%$514 $592 -13.2%129.5 126.3 2.5% January Historic $558 $662 -15.7%$469 $535 -12.4%119.0 123.8 -3.8% February On the books $638 $675 -5.5%$509 $587 -13.3%125.5 115.1 9.0% March $693 $668 3.6%$517 $558 -7.3%134.0 119.8 11.8% April $449 $409 9.8%$344 $237 45.1%130.8 173.0 -24.4% May $312 $198 57.7%$219 $165 32.6%142.2 119.6 18.9% June $305 $253 20.8%$262 $225 16.7%116.5 112.6 3.5% July $335 $271 23.5%$292 $277 5.5%114.7 97.9 17.1% Grand total $466 $521 -10.6%$375 $394 -4.6%124.2 132.4 -6.2% Historic months total $403 $486 -17.2%$350 $364 -3.9%115.1 133.6 -13.9% On the books months total $586 $567 3.4%$432 $444 -2.6%135.7 127.9 6.2% Vail Condo Properties Vail Hotel Properties INDEX REVENUE PER AVAILABLE ROOM RevPAR: YTD 2020/21 VS. YTD 2019/20 RevPAR: YTD 2020/21 VS. YTD 2019/20 Vail Condo Properties Vail Condo Properties Percent RevPAR as of:RevPAR as of:Percent RevPAR as of:RevPAR as of:Percent as an Index of as an Index of Change in Jan 31, 2021 Jan 31, 2020 Change in Jan 31, 2021 Jan 31, 2020 Change in Vail Hotel Properties Vail Hotel Properties Index: Month of Occupancy (2020/21 & 2019/20)(2020/21 season)(2019/20 season)YTD Occ. Rate (2020/21 season)(2019/20 season)Occ. Rate YTD 2020/21 YTD 2019/20 2020/21 vs. 2019/20 August $108 $109 -0.3%$144 $169 -15.2%75.5 64.2 17.6% September $72 $57 27.0%$112 $124 -10.2%64.3 45.5 41.3% October $41 $29 41.6%$74 $67 10.3%55.6 43.3 28.4% November $55 $40 37.7%$70 $70 0.4%78.1 56.9 37.1% December $251 $325 -22.8%$253 $373 -32.3%99.4 87.1 14.1% January Historic $262 $344 -24.0%$238 $378 -37.0%109.7 91.0 20.5% February On the books $289 $405 -28.5%$248 $419 -40.9%116.6 96.5 20.9% March $234 $284 -17.7%$150 $295 -49.2%156.1 96.5 61.9% April $35 $42 -17.0%$23 $50 -54.7%155.0 84.5 83.5% May $2 $1 51.4%$8 $15 -48.8%24.9 8.4 195.5% June $15 $30 -49.1%$31 $53 -42.4%50.5 57.1 -11.6% July $44 $51 -13.0%$55 $65 -15.6%80.4 78.0 3.1% Grand total $121 $151 -20.1%$117 $172 -32.2%103.4 87.9 17.7% Historic months total $136 $159 -14.2%$150 $197 -24.1%90.9 80.5 13.0% On the books months total $105 $144 -26.7%$83 $147 -43.1%126.2 98.0 28.8% Custom Comparative Report Period: Bookings as of January 31, 2021