HomeMy WebLinkAbout10. Industry_Snapshot_Report_Accommodation_and_Food_Services_in_Eagle_County_CO_8854
Industry Snapshot Report
Accommodaon and Food Services
in Eagle County, CO
Colorado Workforce Intelligence Data Experts
633 17th Street, Suite 900
Denver, Colorado 80202
Emsi Q4 2021 Data Set | www.economicmodeling.com
Industry Snapshot Report
Emsi Q4 2021 Data Set | www.economicmodeling.com
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11
Contents
What is Emsi Data?
Report Parameters
Workforce Map
Execu"ve Summary
Supply (Jobs)
Demographic Details
Demand
What skills are they pos"ng for?
Industry Snapshot Report
Emsi Q4 2021 Data Set | www.economicmodeling.com
What is Emsi Data?
Emsi data is a hybrid dataset derived from official government sources such as the US Census Bureau, Bureau of
Economic Analysis, and Bureau of Labor Sta"s"cs. Leveraging the unique strengths of each source, our data
modeling team creates an authorita"ve dataset that captures more than 99% of all workers in the United States.
This core offering is then enriched with data from online social profiles, resumés, and job pos"ngs to give you a
complete view of the workforce.
Emsi data is frequently cited in major publica"ons such as The Atlan
c, Forbes, Harvard Business Review, The New
York Times, The Wall Street Journal , and USA Today .
Industry Snapshot Report
Emsi Q4 2021 Data Set | www.economicmodeling.com 1
1 Industry
1 County
Class of Worker
QCEW Employees, Non-QCEW Employees, and Self-Employed
The informa"on in this report pertains to the chosen industry and geographical area.
Report Parameters
72 Accommoda"on and Food Services
8037 Eagle County, CO
Industry Snapshot Report
Emsi Q4 2021 Data Set | www.economicmodeling.com 2
Workforce Map
Industry Snapshot Report
Emsi Q4 2021 Data Set | www.economicmodeling.com 3
Eagle County, CO is a hotspot for
this kind of talent. The na"onal
average for an area this size is
2,469* employees, while there are
6,187 here.
Earnings per job are above the
na"onal average. The na"onal
average salary for Accommoda"on
and Food Services in an area this
size is $26,382, while in Eagle
County, CO it is $45,508. Earnings
per jobs is the total industry
earnings divided by the number of
jobs in the industry.
Compe""on from online job
pos"ngs is high in Eagle County,
CO. The na"onal average for an
area this size is 156* job
pos"ngs/mo, while there are 878
here.
Execu"ve Summary
Aggressive Hiring Compeon Over a Deep Supply of Regional Talent
*Na"onal average values are derived by taking the na"onal value for Accommoda"on and Food Services and scaling it down to account for the
difference in overall workforce size between the na"on and Eagle County, CO. In other words, the values represent the na"onal average
adjusted for region size.
6,187
Supply (Jobs)
$45,508
Earnings Per Job
878
Demand (Job Posngs)
Industry Snapshot Report
Emsi Q4 2021 Data Set | www.economicmodeling.com 4
Supply (Jobs)
Supply Is Higher Than the Naonal Average
The regional vs. na"onal average employment helps you understand if the supply of Accommoda"on and Food Services is a
strength or weakness for Eagle County, CO, and how it is changing rela"ve to the na"on. An average area of this size would have
2,469* employees, while there are 6,187 here. This higher than expected supply may make it easier to find candidates. The gap
between expected and actual employment is expected to remain roughly the same over the next 5 years.
-20% Past Growth (2015 - 2020) 10% Projected Growth (2020 - 2025)
*Na"onal average values are derived by taking the na"onal value for Accommoda"on and Food Services and scaling it down to account for the
difference in overall workforce size between the na"on and Eagle County, CO. In other words, the values represent the na"onal average
adjusted for region size.
Industry Snapshot Report
Emsi Q4 2021 Data Set | www.economicmodeling.com 5
Re"rement risk is high in Eagle
County, CO. The na"onal average
for an area this size is 886*
employees 55 or older, while there
are 1,037 here.
Racial diversity is low in Eagle
County, CO. The na"onal average
for an area this size is 2,787*
racially diverse employees, while
there are 2,003 here.
Gender diversity is low in Eagle
County, CO. The na"onal average
for an area this size is 3,339*
female employees, while there are
2,894 here.
Rerement Risk Is High, While Overall Diversity Is Low
*Na"onal average values are derived by taking the na"onal value for Accommoda"on and Food Services and scaling it down to account for the
difference in overall workforce size between the na"on and Eagle County, CO. In other words, the values represent the na"onal average
adjusted for region size.
Unemployment Rate Trends
Unemployment shown at the 2-digit sector level.
Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021
500
1,000
1,500
2,000
2,500
3,000
Industry Unemployment1,037
Rering Soon
2,003
Racial Diversity
2,894
Gender Diversity
Industry Snapshot Report
Emsi Q4 2021 Data Set | www.economicmodeling.com 6
Demographic Details
Industry Age Breakdown
Industry Race/Ethnicity Breakdown
% of Jobs Jobs
A 14-18 4.2% 258
A 19-24 11.8% 733
A 25-34 30.3% 1,874
A 35-44 21.5% 1,332
A 45-54 15.4% 953
A 55-64 10.7% 661
A 65+6.1% 375
% of Jobs Jobs
A White 67.6% 4,184
A Hispanic or La"no 22.7% 1,402
A Asian 4.5% 281
A Black or African American 3.2% 197
A Two or More Races 1.2% 75
A American Indian or Alaska Na"ve 0.5% 33
A Na"ve Hawaiian or Other Pacific Islander 0.3% 16
Industry Snapshot Report
Emsi Q4 2021 Data Set | www.economicmodeling.com 7
Industry Gender Breakdown
Most Jobs are Found in the Food Preparaon and Serving Related Occupaons
Industry Sector
% of Jobs Jobs
A Males 53.2% 3,293
A Females 46.8% 2,894
Occupaon
% of Industry in Occupaon
(2020)
A Food Prepara"on and Serving Related Occupa"ons 56.6%
A Building and Grounds Cleaning and Maintenance
Occupa"ons 13.9%
A Office and Administra"ve Support Occupa"ons 7.5%
A Sales and Related Occupa"ons 4.7%
A Management Occupa"ons 3.8%
A Installa"on, Maintenance, and Repair Occupa"ons 3.4%
A Other 10.0%
Industry Snapshot Report
Emsi Q4 2021 Data Set | www.economicmodeling.com 8
Demand
171 Employers Compeng
All employers in the region who posted for
this job over the last 12 months.
4,332 Unique Job Posngs
The number of unique pos"ngs for this job
over the last 12 months.
35 Day Median Duraon
Pos"ng dura"on is 11 days longer than what's
typical in the region.
Vail Resorts, Inc.1,550
HyaN Hotels Corpora"on 387
East West Hospitality 272
The Ritz-Carlton Hotel Company LLC…271
MarrioN Interna"onal, Inc.259
Top Companies Unique Posngs
Front Desk Agents 111
Housekeepers 111
Maintenance Technicians 84
Housepeople 64
Lodge Managers 55
Top Job Titles Unique Posngs
Industry Snapshot Report
Emsi Q4 2021 Data Set | www.economicmodeling.com 9
Industry Gain and Drain
Reliable Gain and Drain informa"on is not available for the currently selected industry.
Industry Snapshot Report
Emsi Q4 2021 Data Set | www.economicmodeling.com 10
What skills are they pos"ng for?
Top 15 Skills for All Job Types by Quarter
Skills help us understand the direc"on an industry is headed.
Aug 2020 - Oct 2020 Nov 2020 - Jan 2021 Feb 2021 - Apr 2021 May 2021 - Jul 2021 Aug 2021 - Oct 2021
Restaurant Opera"on Restaurant Opera"on Restaurant Opera"on
Restaurant Opera"on
Sanita"on
Sanita"on
Sanita"on Sanita"on
Cash Handling Cash Handling
Cash Handling
Cash Handling
Safety Training
Safety Training
Safety Training
Safety Training
Accoun"ng
Accoun"ng
Accoun"ng
Accoun"ng
Resolving Guest Concerns
Resolving Guest Concerns
Resolving Guest Concerns
Resolving Guest Concerns
Cooking
Cooking
Cooking
Cooking
Audi"ng
Audi"ng
Audi"ng
Audi"ng
Loss Preven"on
Loss Preven"on
Loss Preven"on
Loss Preven"on
Food Services
Food Services
Food Services
Food Services
Career Development
Career Development
Career Development
Career Development
Gree"ng Guests
Gree"ng Guests
Gree"ng Guests
Gree"ng Guests
Front Office
Front Office
Front Office Front Office
Food Prepara"on
Food Prepara"on
Food Prepara"on
Food Prepara"on
Point Of Sale
Point Of Sale
Point Of Sale
Point Of Sale
Gross Regional Product (GRP)
$295.4M $102.4M $67.0M $464.8M
Earnings (2020)Property Income
(2020)Taxes (2020) Total GRP (2020)
Industry Snapshot Report
Emsi Q4 2021 Data Set | www.economicmodeling.com 11
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
$400M
$500M
$600M
Gross Regional ProductIndustry Requirements
Corporate, Subsidiary, and Regional Managing Offices $10,671,186 $52,636,840 $63,308,027
Lessors of Residen"al Buildings and Dwellings $10,911,655 $431 $10,912,086
Offices of Real Estate Agents and Brokers $8,531,661 $1,184 $8,532,845
Lessors of Nonresiden"al Buildings (except Miniwarehouses) $7,123,512 $8,691 $7,132,203
Electric Power Distribu"on $570,444 $6,124,783 $6,695,228
Purchases from In-region Purchases Imported Purchases Total Purchases
Industry Snapshot Report
Emsi Q4 2021 Data Set | www.economicmodeling.com 12