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HomeMy WebLinkAbout03. Vail_Economic_Indicators_Dashboard_Final1 - DestiMetrics Occupancy (%) - DestiMetrics > Occupancy is the calculation from DestiMetrics used to derrive the count of units occupied in Vail > Calculation: Room Nights Booked / Room Nights Available = Occupancy 2 - DestiMetrics Revenue Per Available Room ($) - DestiMetrics > Revenue Per Available Room (RevPAR) is the calculation from DestiMetrics used to derrive the amount of revenue per unit in Vail > Calculation: Revenue / Room Nights Available = Revenue Per Available Room (RevPAR) 3 - DestiMetrics Average Daily Rate ($) - DestiMetrics > Average Daily Rate (ADR) is the calculation from DestiMetrics used to derrive nightly rate in Vail > Calculation: Revenue / Room Nights Booked = Average Daily Rate (ADR) 4 - Lodging Sales Tax Collection - Town of Vail 5 - Retail Sales Tax Collection - Town of Vail 6 - F&B Sales Tax Collection - Town of Vail 7 - Frontage Road Parking and Days Parking Structure Full - Town of Vail 8 - Parking Structure Count - Town of Vail 9 - Welcome Center Visitation - Town of Vail 10 - Vail on Mountain Snowfall (in.) - onthesnow.com 11 - Eisenhower Tunnel Traffic - Provided by RRC Associates - Source Origin: Colorado Department of Transportation (CDOT) > The summation of all vehicles moving both eastward and westward in the Eisenhower–Edwin C. Johnson Memorial Tunnel 12 - Eagle County Airport Deplanements and Enplanements - Eagle County Regional Airport > Enplanements: Count of people boarding plane > Deplanements: Count of people exiting plane 13 - Denver International Airport Deplanements - flydenver.com > Deplanements: Count of people exiting plane 14 - Real Estate Transactions - Provided by Data Research Associates - Source Origin: Eagle County Assesor's Office 15 - Sum of Total Real Estate Sales - Provided by Data Research Associates - Source Origin: Eagle County Assesor's Office 16 - Total Real Estate Sales in Vail and Average Price per Square ft - Provided by Data Research Associates - Source Origin: Eagle County Assesor's Office Chart Sources About This dashboard is provided as a part of the Town of Vail 2020 Economic Development Strategic Plan and introduces a synopsis of Vail Economic Indicators representing winter 2019/20 (November - April) seasonal view. Summaries are published twice annually as soon as practical after the data has become available, is limited in scope by the availability of data from secondary sources, and is believed to be generally accurate, but not independently verified. DestiMetrics collects lodging performance data from 28 properties in the Vail destination, representing up to 2,600 units and 68.46% of 3,797 total units in the Vail destination Town of Vail 2019/20 Winter Season Economic Indicators Dashboard Glossary Town of Vail Winter 2019/20 Season Economic Indicators Dashboard 154 160 174 164 176 5 11 9 9 5 159 171 183 173 181 - 50 100 150 200 250 300 350 400 2019-20 2018-19 2017-18 2016-17 2015-16 Number of Residential Properties Sold in Vail Number of Commercial Properties Sold in Vail Total Real Estate Sales in Vail Real Estate Transactions 14 $0 $100,000,000 $200,000,000 $300,000,000 $400,000,000 $500,000,000 $600,000,000 2019-20 2018-19 2017-18 2016-17 2015-16 Sum of Total Real Estate Sales 15 2015-162016-172017-182018-192019-20 $513.00 $566.00 $555.00 $528.00 $555.13 5% Winter Average Daily Rate Percent Change Year- Over-Year DestiMetrics Average Daily Rate ($)3 229 281 171 215 292 2019-20 2018-19 2017-18 2016-17 2015-16 Vail On Mountain Snowfall (in)10 7,107 10,585 3,449 6,433 9,077 26 35 15 20 27 - 5 10 15 20 25 30 35 40 - 2,000 4,000 6,000 8,000 10,000 12,000 2019-20 2018-19 2017-18 2016-17 2015-16 Vehicles on Frontage Roads Days Parking Structures are Full Frontage Road Parking and Days Parking Structure Full 7 57%58% 51%54% 43% 2015-162016-172017-182018-192019-20 -21% Winter Occupancy Percent Change Year- Over-Year DestiMetrics Occupancy (%)1 132,837 155,118 147,921 131,713 136,544 139,427 152,807 146,024 134,036 135,987 120,000 125,000 130,000 135,000 140,000 145,000 150,000 155,000 160,000 2019-20 2018-19 2017-18 2016-17 2015-16 ECA Enplanements (people)ECA Deplanements (people) Eagle County Airport Deplanements and Enplanements 12 12,430,716 13,172,733 14,293,001 14,615,014 15,377,789 12,223,959 2014-152015-162016-172017-182018-192019-20 Denver International Airport Deplanements 13 4,098,239 7,157,774 6,552,207 5,925,292 5,864,849 2019- 20 2018- 19 2017- 18 2016- 17 2015- 16 Eisenhower Tunnel Traffic 11 DestiMetrics Revenue Per Available Room ($) $292 $329 $280 $286 $239 2015-162016-172017-182018-192019-20 16% Winter Revenue per Available Room Percent Change Year- Over-Year 2 - 200,000 400,000 600,000 2019-20 2018-19 2017-18 2016-17 2015-16 309,181 392,206 373,216 390,989 379,468 216,763 259,448 221,506 239,539 243,814 Vail Village Parking Structure Count Lionshead Parking Structure Count Parking Structure Count 8 Welcome Center Visitation 29,070 38,365 26,407 17,726 23,659 30,442 36,075 76,741 16,552 23,579 59,512 74,440 103,148 34,278 47,238 - 50,000 100,000 150,000 200,000 2019-20 2018-19 2017-18 2016-17 2015-16 Visits to Vail Village Welcome Center Visits to Lionshead Welcome Center Total Welcome Center Visits 9 $2,387,017 $2,816,854 $2,656,365 $2,688,804 $2,632,010 $927,421 $1,190,818 $1,011,612 $1,077,918 $1,077,652 $1,173,580 $1,209,135 $1,158,157 $1,144,856 $1,237,806 $4,488,018 $5,216,807 $4,826,134 $4,911,578 $4,947,468 $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 2019-20 2018-19 2017-18 2016-17 2015-16 Vail Village Retail Sales Tax Collected Lionshead Retail Sales Tax Collected Cascade, East Vail, Sandstone, West Vail Retail Sales Tax Collected Total Sales Tax Collected Retail Sales Tax Collection 5 $2,428,408 $2,980,617 $2,797,406 $2,747,617 $2,678,841 $585,359 $758,588 $672,003 $686,663 $719,742 $316,525 $427,146 $367,362 $213,630 $394,421 $3,330,293 $4,166,351 $3,836,771 $3,647,910 $3,793,004 $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 2019-20 2018-19 2017-18 2016-17 2015-16 Vail Village F&B Tax Collected Lionshead F&B Tax Collected Cascade, East Vail, Sandstone, West Vail F&B Tax Collected Total F&B Tax Collected F&B Sales Tax Collection 6 159 171 183 173 181 $1,010 $961 $1,044 $873 $777 $0 $200 $400 $600 $800 $1,000 $1,200 145 150 155 160 165 170 175 180 185 2019-20 2018-19 2017-18 2016-17 2015-16 Total Real Estate Sales in Vail Average Price Per Square Foot - Real Estate Sales in Vail Total Real Estate Sales in Vail and Average Price per Square ft 16 $3,032,374 $3,560,556 $3,475,578 $3,653,540 $3,503,473 $2,141,013 $2,527,364 $2,353,726 $2,390,144 $2,283,385 $1,073,576 $1,325,312 $851,815 $589,607 $1,098,184 $6,246,963 $7,413,233 $6,681,119 $6,633,291 $6,885,042 $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 2019-20 2018-19 2017-18 2016-17 2015-16 Vail Village Lodging Tax Collected Lionshead Lodging Tax Collected Cascade, East Vail, Sandstone, West Vail Lodging Tax Collected Total Lodging Tax Collected Lodging Sales Tax Collection 4 Year DMX Occupancy DMX Occupancy YOY Change DMX RAO RNB Total Winter Season DMX ADR DMX RevPAR Dobson Ice Arena Visitation Vail Village Parking Structure Count Lionshead Parking Structure Count Vehicles on Frontage Roads Days Parking Structures are Full DIA Deplanements (people) ECA Deplanements (people) ECA Enplanements (people) Available Seats into ECA Visits to Vail Village Welcome Center Visits to Lionshead Welcome Center Total Welcome Center Visits Vail Mountain Total Snowfall Vail In- Town Total Snowfall Vehicles to Pass Thru Einsenhower Tunnel / Vail Pass 2019-20 43.0%-20.5%200,886 $555.13 $238.70 80,000 309,181 216,763 7,107 26 12,223,959 132,837 139,427 191,162 29,070 30,442 59,512 229 226 4,098,239 2018-19 54.1%7.1%251,024 $528.00 $285.65 78,000 392,206 259,448 10,585 35 15,377,789 155,118 152,807 224,935 38,365 36,075 74,440 281 228 7,157,774 2017-18 50.5%-13.2%217,365 $555.00 $280.32 75,000 373,216 221,506 3,449 15 14,615,014 147,921 146,024 240,474 26,407 76,741 103,148 171 105 6,552,207 2016-17 58.2%2.3%218,557 $566.00 $329.00 71,000 390,989 239,539 6,433 20 14,293,001 131,713 134,036 194,406 17,726 16,552 34,278 215 167 5,925,292 2015-16 56.9%-1.6%245,207 $513.00 $292.00 71,000 379,468 243,814 9,077 27 13,172,733 136,544 135,987 196,822 23,659 23,579 47,238 292 188 5,864,849 2014-15 57.8%0.5%253,066 $492.00 $283.00 47,000 481,875 269,587 1,290 5 12,430,716 133,304 134,429 194,304 19,055 20,635 39,690 234 172 5,557,278 2013-14 57.5%4.7%253,262 $443.00 $255.00 43,646 344,978 173,967 3,270 7 11,140,387 131,323 138,893 196,784 16,818 13,582 30,400 264 227 5,458,044 2012-13 54.9%0.7%240,019 $415.00 $228.00 85,000 335,151 173,777 4,401 10 12,337,722 138,583 140,692 217,310 22,635 29,225 51,860 288 185 5,211,592 2011-12 54.5%-1.3%239,209 $398.00 $224.00 85,000 319,223 167,682 2,074 15 12,618,182 147,121 150,386 249,739 17,757 8,689 26,446 172 112 5,160,226 2010-11 55.2%0.9%234,679 $374.00 $206.00 75,000 343,896 179,971 1,675 14 12,421,502 161,847 162,668 251,735 16,323 6,972 23,295 459 262 5,236,367 2009-10 54.7%5.0%195,152 $353.00 $193.00 80,000 324,979 187,045 7,795 60 11,848,627 166,409 166,848 263,710 17,483 10,616 28,099 271 174 5,690,262 2008-09 52.1%-11.1%184,628 $384.00 $200.00 80,000 288,307 182,028 7,836 75 11,612,990 173,333 174,980 258,727 20,949 11,576 32,525 393 211 5,730,889 2007-08 58.6%-2.8%297,279 $407.00 $239.00 80,000 350,896 184,505 5,947 83 12,005,377 181,602 181,865 283,027 18,051 12,575 30,626 n/a 300 5,709,007 2006-07 60.3%1.2%183,013 $376.00 $226.00 n/a 342,417 174,085 n/a 97 11,359,350 179,620 185,807 284,093 20,004 14,319 34,323 n/a 171 5,694,884 2005-06 59.6%0.0%n/a $363.00 $216.00 n/a 325,972 176,716 9,406 72 10,894,042 180,086 181,537 262,994 n/a n/a n/a n/a 244 5,406,952 Year Date of Easter 4th of July Day of Week Christmas Day of Week Average Gasoline Price Per Gallon - Colorado Total Real Estate Sales in Vail Average Sales Price - Real Estate Sales in Vail Average Price Per Square Foot - Real Estate Sales in Vail Total Amount - Gross Real Estate Sales in Vail Number of Residential Properties Sold in Vail Number of Commercial Properties Sold in Vail 2019-20 4/12/2020 Saturday Friday $2.39 $159.00 $2,371,926.40 $1,010.20 $370,416,722 154 5 2018-19 4/21/2019 Thursday Wednesday $2.34 $171.00 $2,268,280.28 $960.86 $360,414,529 160 11 2017-18 4/1/2018 Wednesday Tuesday $2.46 $183.00 $2,218,995.15 $1,044.35 $333,996,328 174 9 2016-17 4/5/2017 Tuesday Monday $2.54 $173.00 $2,052,405.93 $873.34 $483,065,874 164 9 2015-16 3/27/2016 Monday Sunday $1.95 $181.00 $2,013,011.00 $776.58 $351,322,620 176 5 2014-15 4/5/2015 Saturday Friday $2.32 $174.00 $1,733,518.19 $824.33 $305,044,019 168 6 2013-14 4/20/2014 Friday Thursday $3.31 $154.00 $2,224,531.00 $828.00 $331,847,416 148 6 2012-13 3/31/2013 Thursday Wednesday $3.33 $182.00 $1,423,375.00 $733.76 $259,054,380 171 11 2011-12 4/8/2012 Wednesday Tuesday $3.35 $151.00 $1,709,393.24 $819.68 $252,990,200 143 8 2010-11 4/24/2011 Monday Sunday $3.12 $148.00 $1,780,462.09 $809.42 $258,807,117 148 5 2009-10 4/4/2010 Sunday Saturday $2.85 $121.00 $1,641,592.56 $791.00 $198,632,700 113 8 2008-09 4/12/2009 Saturday Friday $1.83 $97.00 $2,854,324.74 $1,103.00 $276,869,500 82 15 2007-08 3/23/2008 Friday Thursday $3.03 $177.00 $2,258,364.41 $768.00 $399,730,500 143 11 2006-07 4/8/2007 Wednesday Tuesday $2.33 $175.00 $2,169,932.57 $902.00 $379,738,200 163 10 2005-06 4/16/2006 Tuesday Monday $2.33 $174.00 $1,168,248.85 $727.00 $203,275,300 165 5 Year Vail Village Retail Sales Tax Collected Lionshead Retail Sales Tax Collected Cascade, East Vail, Sandstone, West Vail Retail Sales Tax Collected Total Sales Tax Collected Total Sales Tax Collected YOY Change Vail Village Lodging Tax Collected Lionshead Lodging Tax Collected Cascade, East Vail, Sandstone, West Vail Lodging Tax Collected Total Lodging Tax Collected Vail Village F&B Tax Collected Lionshead F&B Tax Collected Cascade, East Vail, Sandstone, West Vail F&B Tax Collected Total F&B Tax Collected Total of All Tax Collected Consumer Confidence Index (CCI) USD vs Euro 2019-20 $2,387,017 $927,421 $1,173,580 $4,488,018 -14%$3,032,374 $2,141,013 $1,073,576 $6,246,963 $2,428,408 $585,359 $316,525 $3,330,293 $14,065,274 120.40 0.89 2018-19 $2,816,854 $1,190,818 $1,209,135 $5,216,807 8%$3,560,556 $2,527,364 $1,325,312 $7,413,233 $2,980,617 $758,588 $427,146 $4,166,351 $16,796,391 128.13 0.88 2017-18 $2,656,365 $1,011,612 $1,158,157 $4,826,134 -2%$3,475,578 $2,353,726 $851,815 $6,681,119 $2,797,406 $672,003 $367,362 $3,836,771 $15,344,024 126.30 0.84 2016-17 $2,688,804 $1,077,918 $1,144,856 $4,911,578 -1%$3,653,540 $2,390,144 $589,607 $6,633,291 $2,747,617 $686,663 $213,630 $3,647,910 $15,192,779 115.80 0.94 2015-16 $2,632,010 $1,077,652 $1,237,806 $4,947,468 -4%$3,503,473 $2,283,385 $1,098,184 $6,885,042 $2,678,841 $719,742 $394,421 $3,793,004 $15,625,514 95.20 0.91 2014-15 $2,815,244 $1,114,990 $1,227,947 $5,158,181 8%$3,369,039 $2,139,821 $1,081,508 $6,590,368 $2,688,345 $630,228 $457,360 $3,775,933 $15,524,482 97.10 0.87 2013-14 $2,519,032 $1,050,415 $1,193,258 $4,762,705 8%$3,057,259 $2,110,418 $990,019 $6,157,696 $2,508,143 $681,903 $406,108 $3,596,154 $14,516,555 78.80 1.37 2012-13 $2,242,112 $983,342 $1,165,199 $4,390,653 6%$2,749,317 $1,841,519 $878,048 $5,468,884 $2,330,760 $649,431 $353,727 $3,333,918 $13,193,455 65.80 1.31 2011-12 $2,064,417 $945,095 $1,129,364 $4,138,876 2%$2,475,845 $1,754,076 $835,811 $5,065,732 $2,248,504 $636,214 $341,398 $3,226,116 $12,430,724 65.20 1.32 2010-11 $1,958,121 $977,397 $1,131,777 $4,067,295 11%$2,148,434 $1,670,696 $818,314 $4,637,444 $2,023,554 $632,942 $335,369 $2,991,865 $11,696,604 62.30 1.37 2009-10 $1,696,072 $883,556 $1,095,944 $3,675,572 3%$1,793,215 $1,499,389 $773,479 $4,066,083 $1,679,681 $586,820 $320,657 $2,587,158 $10,328,813 52.90 1.41 2008-09 $1,598,271 $828,915 $1,153,789 $3,580,975 -14%$1,849,345 $1,367,737 $807,303 $4,024,385 $1,653,738 $581,408 $357,009 $2,592,155 $10,197,515 35.30 1.31 2007-08 $2,102,116 $856,906 $1,192,703 $4,151,725 2%$2,147,236 $1,590,517 $1,091,579 $4,829,332 $1,847,564 $552,068 $419,824 $2,819,456 $11,800,513 77.80 1.50 2006-07 $2,235,665 $704,911 $1,144,388 $4,084,964 4%$2,090,189 $1,448,205 $1,062,423 $4,600,817 $1,865,670 $398,375 $445,549 $2,709,594 $11,395,375 107.80 1.32 2005-06 $2,150,643 $680,292 $1,109,781 $3,940,716 0%$2,021,717 $1,320,180 $911,909 $4,253,806 $1,709,731 $395,789 $427,585 $2,533,105 $10,727,627 104.60 1.20 Town of Vail Winter 2019/20 Season Economic Indicators Raw Data Through Winter Season 2005/06