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HomeMy WebLinkAbout06. Vail Production Notes as of 2022-04-15Copyright (c) 2022, Sterling Valley Systems All Rights Reserved. Confidential Information not for reproduction and protected by law. Communications@Inntopia.com www.Inntopia.com Data as of: 04/15/2022 Vail Production Notes DOR PRODUCTION NOTES: General DOR Notes: ➢ The Average Daily Occupancy for April 1, 2022 – October 31, 2022 is: 29% ➢ Average Daily Performance for the current month and upcoming 6, April 1st, 2022 to September 30th, 2022 has decreased since last report, and is currently up +5.8% (+7.8% last report) compared to last year ➢ Room Nights Booked (RNB) for the current month and upcoming 6, April 1st, 2022 to October 31st, 2022 total 147,094 and are currently up +20,902 or +16.6%, (+27,477 or +16.2% last report) compared to last year at this time (126,192) ➢ Since the last report (03/31), bookings activity for April 1st through September 30th, 2022 has yielded a net of +6,802 or +6,802 new bookings. This level of net booking activity has decreased -50.7% (+42.0% last report) from the last report (+13,802) 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 October 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 +6,802 (+13,802 last report) added since last report: o April: +2,386 (+3,745 last report) or +35.0% (+27.1% last report) o May: +904 (+1,764 last report) or +13.3% (+12.8% last report) o June: +1,291 (+1,956 last report) or +19.0% (+14.2% last report) o July: +891 (+3,374 last report) or +13.1% (+24.5% last report) o August: +799 (+1,333 last report) or +11.7% (+9.7% last report) o September: +531 (+1,182 last report) or +7.8(+8.6 % last report) April ➢ April repeated the trend noted last report adding the most net new bookings of all months included as consumers looked to the end of the ski season for a quick getaway, though the year over year bookings outperformance has decreased again, leading to a small drop in average daily performance to +11.7% (+12.8% last report) o April Average Daily Occupancy is 42.0% (38.4% last report) o There are +7,999 (+8,311 last report) more bookings than last year at this time o Since the last report, there have been net +2,386 (+3,745 last report) bookings for the month o The largest net addition in bookings, since the last report, occurred on the 16th, with +205 bookings added o The largest net reduction in bookings, since the last report, occurred on the 7th, with -40 cancellations o The largest outperformance is on the 19th, up +41.0% (+38.1% last report) over last year at this time o The largest underperformance is on the 1st, down -19.8% (-18.2% last report) over last year at this time o Inventory is lower than last year at this time Copyright (c) 2022, Sterling Valley Systems All Rights Reserved. Confidential Information not for reproduction and protected by law. Communications@Inntopia.com www.Inntopia.com May ➢ May added less than half as many net new bookings as was reported last, leading to a further decrease in the year over year bookings outperformance as average daily performance has declined slightly to +6.3% (+7.6% last report) o May Average Daily Occupancy is 15.8% (14.5% last report) o There are +4,620 (+5,714 last report) more bookings than last year at this time o Since the last report, there have been net +904 (+1,764 last report) bookings for the month o The largest net addition in bookings, since the last report, occurred on the 28th, with +77 bookings added o The only net reduction in bookings, since the last report, occurred on the 20th, with -12 cancellations o The largest outperformance is on the 17th, up +22.6% (+23.5% last report) over last year at this time o The largest underperformance is on the 3rd, down -1.5% (-0.3% last report) over last year at this time o Inventory is lower than last year at this time June ➢ June added a slightly smaller amount of net new bookings compared to last report, and due to an increase in booking pace at this time last year, the year over year bookings outperformance has decreased again, leading to a small decline in average daily performance to +13.9% (+15.8% last report) o June Average Daily Occupancy is 41.4% (39.5% last report) o There are +9,634 (+10,676 last report) more bookings than last year at this time o Since the last report, there have been net +1,291 (+1,956 last report) bookings for the month o The largest net addition in bookings, since the last report, occurred on the 10th, with +105 bookings added o No days experienced a net reduction in bookings since last report o The largest outperformance is on the 22nd, up +39.4% (+43.7% last report) over last year at this time o The only underperformance is on the 30th, down -0.8% (-2.6% last report) over last year at this time o Inventory is lower than last year at this time July ➢ July has experienced a large decrease in net new bookings compared to last report, leading to a further decline in the year over year bookings outperformance as well as a drop in average daily performance to +7.3% (+10.0% last report) o July Average Daily Occupancy is 46.2% (44.8% last report) o There are +4,654 (+6,028 last report) more bookings than last year at this time o Since the last report, there have been net +891 (+3,374 last report) bookings for the month o The largest net addition in bookings, since the last report, occurred on the 3rd, with +63 bookings added o The largest net reduction in bookings, since the last report, occurred on the 21st, with -18 cancellations o The largest outperformance is on the 20th, up +27.8% (+28.8% last report) over last year at this time o The largest underperformance was on the 17th, down -2.9% (-1.3% last report), and has shifted to the 1st, down -5.0% over last year at this time o Inventory is lower than last year at this time Copyright (c) 2022, Sterling Valley Systems All Rights Reserved. Confidential Information not for reproduction and protected by law. Communications@Inntopia.com www.Inntopia.com August ➢ August has added roughly half the amount of net new bookings as compared to last report, and due to stronger pacing last year at this time the year over year bookings underperformance has increased, which has led to a further decline in average daily performance to +2.1% (+3.3% last report) o August Average Daily Occupancy is 30.2% (28.8% last report) o There are -2,199 (-1,708 last report) less bookings than last year at this time o Since the last report, there have been net +799 (+1,333 last report) bookings for the month o The largest net addition in bookings, since the last report, occurred on the 13th, with +68 bookings added o The largest net reduction in bookings, since last report, occurred on the 22nd with -35 cancellations o The largest outperformance is on the 5th, up +13.7% (+15.3% last report) over last year at this time o The largest underperformance is on the 14th, down -9.0% (-7.8% last report) over last year at this time o Inventory is lower than last year at this time September ➢ September has yet again added the smallest amount of net new bookings for all months included, and due to the small increase in bookings, the year over year bookings underperformance has grown further and led to a decrease in average daily performance to +0.8% (+1.6% last report) o September Average Daily Occupancy is 21.0% (19.7% last report) o There are -1,924 (-1,498 last report) less bookings than last year at this time o Since the last report, there have been net +531 (+1,182 last report) bookings for the month o The largest net addition in bookings, since the last report, occurred on the 23rd, with +87 bookings added o The largest net reduction in bookings, since the last report, occurred on the 1st, with -27 cancellations o The largest outperformance is on the 10th, up +14.2% (+13.9% last report) over last year at this time o The largest underperformance is on the 29th, down -11.9% (-9.1% last report) over last year at this time o Inventory is lower than last year at this time October ➢ October is newly on the books showing an average daily performance of -1.4% o October Average Daily Occupancy is 7.5% o There are -1,882 less bookings than last year at this time o The largest outperformance is on the 19th, up +4.1% over last year at this time o The largest underperformance is on the 4th, down -9.1% over last year at this time o Inventory is lower than last year at this time