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HomeMy WebLinkAbout05. Vail Executive Summary 2021-08-31Destination: Vail August (Actual) 2021 2020 August (Actual) 2021 2020 Paid Occupancy 55.6%47.3%17.5%Paid Occupancy 56.0%46.1%21.4% ADR $354 $279 26.6%ADR $387 $310 24.8% September (On The Books) September (On The Books) Paid Occupancy 41.6%25.7%61.9%Paid Occupancy 43.7%29.1%50.1% ADR $308 $267 15.2%ADR $345 $298 15.9% October (On The Books) October (On The Books) Paid Occupancy 18.2%8.0%127.3%Paid Occupancy 20.5%9.2%122.5% ADR $242 $224 8.4%ADR $287 $242 18.2% November (On The Books) November (On The Books) Paid Occupancy 9.9%6.0%66.8%Paid Occupancy 8.8%5.6%57.7% ADR $302 $281 7.5%ADR $282 $250 12.8% December (On The Books) December (On The Books) Paid Occupancy 30.1%13.4%124.9%Paid Occupancy 24.5%12.4%97.5% ADR $763 $667 14.4%ADR $726 $598 21.5% January (On The Books) January (On The Books) Paid Occupancy 30.0%13.1%129.9%Paid Occupancy 21.8%11.9%83.0% ADR $598 $566 5.6%ADR $574 $459 25.1% February (On The Books) February (On The Books) Paid Occupancy 27.8%12.3%125.2%Paid Occupancy 22.7%12.0%88.9% ADR $665 $599 11.1%ADR $610 $492 24.0% 2021 2020 Year over Year % Difference 2021 2020 Year over Year % Difference August 6.7%6.7%-1.3%August 4.8%6.7%-28.6% Bookings as of August 31, 2021 Data based on a sample of up to 28 properties in the Vail destination, representing up to 2,600 Units ('DestiMetrics Census'*) and 68.46% of 3,797 total units in the Vail destination ('Destination Census'**) Vail Year over Year % Difference DestiMetrics - Industry West Year over Year % Difference Booking Pace (Current Month) Booking Pace (Current Month) * DestiMetrics Census: Total number of rooms reported by participating DestiMetrics properties as available for short -term rental in the reporting month. This number can vary monthly as inventories and report participants change over time. ** Destination Census: The total number of rooms available for rental within the community as established by the Vail Transient Inventory Study restatement of August 2015 and adjusted for properties that have opened / closed since that time. This number varies infrequently as new pr operties start, or existing properties cease operations. RESERVATIONS ACTIVITY REPORT Executive Summary 55.6%47.3% 2021 2020 Vail August Occupancy vs. Last Year 56.0%46.1% 2021 2020 DestiMetrics -Industry West August Occupancy vs. Last Year $354 $279 2021 2020 Vail August ADR vs. Last Year $387 $310 2021 2020 DestiMetrics -Industry West August ADR vs. Last Year Copyright (c) 2021, Sterling Valley Systems All Rights Reserved. Confidential Information not for reproduction and protected by law. DestiMetrics@Inntopia.com www.Inntopia.com