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HomeMy WebLinkAbout12. Vail Production Notes as of 2022-04-30Copyright (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: 04/30/2022 Vail Production Notes RAO PRODUCTION NOTES: General RAO Notes: ➢ All months are showing an increase in inventory compared to last year at this time o April: +135 RNA or +5 units per day o May: +661 RNA or +21 units per day o June: +1,932 RNA or +64 units per day o July: +1,505 RNA or +49 units per day o August: +1,737 RNA or +56 unit per day o September: +1,880 or +63 unit per day o October: +2,165 or +70 unit per day ➢ On the books occupancy (23.6%) is up +10.4% (+41.1% last month) over last year (21.4%), while historic actual occupancy (57.3%) is up +23.4% (+22.4% last month) over last year (46.4%) ➢ On the books ADR ($352) is up +16.3% (+9.4% last month) over last year ($303), while historic actual ADR ($681) is up +37.4% (+38.2% last month) over last year ($496) ➢ On the books RevPAR ($83) is up +28.4% (+54.4% last month) over last year ($65), while historic actual RevPAR ($390) is up +69.6% (+69.3% last month) over last year ($230) Winter Season: ➢ April gained +5.1% as an absolute measure of occupancy in April o Bookings made in April for April are down -2.9% in absolute variance vs those made last year in April for April ➢ As a measure of RevPAR, ($390), winter season finished up +69.6% (+70.6% last report) compared to last year at this time ($230) ➢ As a measure of ADR, ($681), winter season finished up +37.4% (+36.3% last report) compared to last year at this time ($496) ➢ As a measure of Occupancy, (57.3%), winter finished up +23.4% (+25.2% last report) compared to last year at this time (46.4%) ➢ All months experienced an occupancy gain over last winter season ➢ All months experienced an ADR gain over last winter season ➢ Seasonal Inventory o For the entire winter season there were 447,089 room nights available, a -0.2% (-0.2% last report) decrease over last winter season (448,052) ➢ Seasonal Bookings o For the entire winter season there were 256,216 room nights booked, a +25.0% (+25.0% last report) increase over last winter season (208,028) Copyright (c) 2022, Sterling Valley Systems All Rights Reserved. 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Communications@Inntopia.com www.Inntopia.com Summer Season: ➢ May gained +4.2% as an absolute measure of occupancy in April o Bookings made in April for May are down -1.4% in absolute variance vs those made last year in April for May ➢ June gained +2.5% as an absolute measure of occupancy in April o Bookings made in April for June are down -7.7% in absolute variance vs those made last year in April for June ➢ July gained +3.3% as an absolute measure of occupancy in April o Bookings made in April for July are down -6.2% in absolute variance vs those made last year in April for July ➢ August gained +4.6% as an absolute measure of occupancy in April o Bookings made in April for August are down -1.7% in absolute variance vs those made last year in April for August ➢ September gained +2.8% as an absolute measure of occupancy in April o Bookings made in April for September are down -0.4% in absolute variance vs those made last year in April for September ➢ October has just come on the books and is showing 4.9% occupancy, down -26.7% over last year (6.7%) ➢ As a measure of RevPAR, ($83), summer season is up +28.4% (+54.0% last report) compared to last year at this time ($65) ➢ As a measure of ADR, ($352), summer season is up +10.9% (+16.3% last report) compared to last year at this time ($303) ➢ As a measure of Occupancy, (23.6%), summer season is up +10.4% (+38.8 % last report) compared to last year at this time (21.4%) ➢ May, June, and July are experiencing occupancy gains over last summer season ➢ All months are experiencing ADR gains over last summer season ➢ Seasonal Inventory o For the entire summer season there are 417,661 room nights available, a +2.4 (+0.2% last report) increase over last summer season (407,781) ➢ Seasonal Bookings o For the entire summer season there are 98,615 room nights booked, a +39.1% (+39.1% last report) increase over last summer season (87,219) (This area is intentional left blank) Copyright (c) 2022, Sterling Valley Systems All Rights Reserved. Confidential Information not for reproduction and protected by law. Communications@Inntopia.com www.Inntopia.com DOR PRODUCTION NOTES: General DOR Notes: ➢ The Average Daily Occupancy for April 1, 2022 – October 31, 2022 is: 30% ➢ Average Daily Performance for the current month and upcoming 6, April 1st, 2022 to October 31st, 2022 has decreased since last report, and is currently up +3.3% (+5.8% 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 152,034 and are currently up +3,248 or +2.2%, (+20,902 or +16.6% last report) compared to last year at this time (148,786) ➢ Since the last report (04/15), bookings activity for April 1st through October 31st, 2022 has yielded a net of +4,875 or +4,875 new bookings. This level of net booking activity has decreased -28.3% (-50.7% last report) from the last report (+6,802) 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. ➢ New booking’s arrival date distribution of the total +4,875 (+6,802 last report) added since last report: o April: +629 (+2,386 last report) or +12.9% (+35.0% last report) o May: +2,538 (+904 last report) or +52.1% (+13.3% last report) o June: +768 (+1,291 last report) or +15.8% (+19.0% last report) o July: -108 (+891 last report) or -2.2% (+13.1% last report) o August: +978 (+799 last report) or +20.0% (+11.7% last report) o September: +415 (+531 last report) or +8.5% (+7.8% last report) o October: -345 or -7.1% April ➢ April added very few net new bookings since the last report as the ski season came to an end, and as bookings for the end of the month paced slightly better last year than this, average daily performance has declined slightly to +10.5% (+11.7% last report) o April Average Daily Occupancy is 42.9% (42.0% last report) o There are +6,350 (+7,999 last report) more bookings than last year at this time o Since the last report, there have been net +629 (+2,386 last report) bookings for the month o The largest net addition in bookings, since the last report, occurred on the 23rd, with +238 bookings added o The largest net reduction in bookings, since the last report, occurred on the 2nd, with -33 cancellations o The largest outperformance was on the 19th, up +50.1% (+41.0% last report), and has shifted to the 8th, up +70.4% over last year at this time o The largest underperformance is on the 1st, down -17.1% (-19.8% 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. 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Communications@Inntopia.com www.Inntopia.com May ➢ May experienced an impressive increase in net new bookings since last report, taking 52.1% of the total, though the booking pace at this time last year was slightly stronger, leading to a small decline in average daily performance to +6.0% (+6.3% last report) o May Average Daily Occupancy is 19.1% (15.8% last report) o There are +4,241 (+4,620 last report) more bookings than last year at this time o Since the last report, there have been net +2,538 (+904 last report) bookings for the month o The largest net addition in bookings, since the last report, occurred on the 10th, with +147 bookings added o No days experienced a net reduction in bookings since last report o The largest outperformance is on the 17th, up +21.2% (+22.6% last report) over last year at this time o The largest underperformance was on the 3rd, down -1.0% (-1.5% last report), and has shifted to the 22nd, down -2.0% over last year at this time o Inventory is lower than last year at this time June ➢ June has added roughly half as many net new bookings as last report, and combined with a large decrease in the year over year bookings outperformance, average daily performance has declined to+8.2% (+13.9% last report) o June Average Daily Occupancy is 42.3% (41.4% last report) o There are +4,565 (+9,634 last report) more bookings than last year at this time o Since the last report, there have been net +768 (+1,291 last report) bookings for the month o The largest net addition in bookings, since the last report, occurred on the 10th, with +139 bookings added o The largest net reduction in bookings, since last report, occurred on the 16th, with -29 cancellations o The largest outperformance is on the 22nd, up +69.2% (+39.4% last report) over last year at this time o No days are underperforming last year at this time o Inventory is lower than last year at this time July ➢ July has experienced a small net cancellation 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 -1.0% (+7.3% last report) o July Average Daily Occupancy is 45.9% (46.2% last report) o There are -2,904 (+4,654 last report) less bookings than last year at this time o Since the last report, there have been net -108 (+891 last report) bookings for the month o The largest net addition in bookings, since the last report, occurred on the 30th, with +58 bookings added o The largest net reduction in bookings, since the last report, occurred on the 15th, with -75 cancellations o The largest outperformance is on the 20th, up +18.6% (+27.8% last report) over last year at this time o The largest underperformance is on 1st, down -11.8% (-5.0% 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. 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Communications@Inntopia.com www.Inntopia.com August ➢ August has experienced a slight improvement in net new bookings since what was reported last, though the year over year bookings underperformance has declined further, leading to a decrease in average daily performance to +1.1% (+2.1% last report) o August Average Daily Occupancy is 31.5% (30.2% last report) o There are -3,904 (-2,199 last report) less bookings than last year at this time o Since the last report, there have been net +978 (+799 last report) bookings for the month o The largest net addition in bookings, since the last report, occurred on the 2nd, with +86 bookings added o The largest net reduction in bookings, since last report, occurred on the 30th with -69 cancellations o The largest outperformance was on the 5th, up +9.6% (+13.7% last report), and has shifted to the 9th, up +12.8% over last year at this time o The largest underperformance was on the 14th, down -9.8% (-9.0% last report), and has shifted to the 2nd, down -12.9% over last year at this time o Inventory is lower than last year at this time September ➢ September has added slightly fewer net new bookings than was reported last, though the year over year bookings underperformance has grown larger, leading to a small decline in average daily performance to +0.6% (+0.8% last report) o September Average Daily Occupancy is 21.5% (21.0% last report) o There are -2,559 (-1,924 last report) less bookings than last year at this time o Since the last report, there have been net +415 (+531 last report) bookings for the month o The largest net addition in bookings, since the last report, occurred on the 27th, with +65 bookings added o The largest net reduction in bookings, since the last report, occurred on the 25th, with -22 cancellations o The largest outperformance is on the 10th, up +13.4% (+14.2% last report) over last year at this time o The largest underperformance is on the 29th, down -9.8% (-11.9% last report) over last year at this time o Inventory is lower than last year at this time October ➢ October has experienced a net cancellation of bookings since the last report with few days reporting an addition of bookings, leading to a decrease in an average daily performance to -2.4% (-1.4% last report) o October Average Daily Occupancy is 6.6% (7.5% last report) o There are -2,566 less bookings than last year at this time o Since the last report, there have been net -345 (+531 last report) bookings for the month o The largest net addition in bookings, since the last report, occurred on the 7th, with +47 bookings added o The largest net reduction in bookings, since the last report, occurred on the 18th, with -67 cancellations o The largest outperformance was on the 19th, up 0.4% (+4.1% last report), but has shifted to the 8th, up 4.2% over last year at this time o The largest underperformance is on the 4th, down -9.8% (-9.1% last report) over last year at this time o Inventory is lower than last year at this time