HomeMy WebLinkAbout03. Vail_Production_Notes_06-30-2022Copyright (c) 2022, Sterling Valley Systems All Rights Reserved.
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Data as of: 06/30/2022
Vail Production Notes
RAO PRODUCTION NOTES:
General RAO Notes:
➢ All months, except December, are showing an increase in inventory compared to last year at this time
o June: +558 RNA or +19 units per day
o July: +108 RNA or +3 units per day
o August: +43 RNA or +1 unit per day
o September: +76 or +3 unit per day
o October: +741 or +24 unit per day
o November: +59 or +2 units per day
o December: -1,545 or -50 units per day
➢ On the books occupancy (24.9%) is down -9.2% (-3.2% last month) over last year (27.4%), while historic actual
occupancy (53.4%) is up +18.7% (+24.0% last month) over last year (45.0%)
➢ On the books ADR ($417) is up +11.4% (+13.7% last month) over last year ($375), while historic actual ADR
($612) is up +35.5% (+38.2% last month) over last year ($451)
➢ On the books RevPAR ($104) is up +1.2% (+10.1% last month) over last year ($103), while historic actual RevPAR
($327) is up +60.9% (+71.3% last month) over last year ($203)
Summer Season:
➢ June gained +4.2% as an absolute measure of occupancy in June
o Bookings made in June for June are down -3.8% in absolute variance vs those made last year in June for
June
➢ July gained +9.5% as an absolute measure of occupancy in June
o Bookings made in June for July are down -2.7% in absolute variance vs those made last year in June for
July
➢ August gained +9.3% as an absolute measure of occupancy in June
o Bookings made in June for August are up +2.0% in absolute variance vs those made last year in June for
August
➢ September gained +8.2% as an absolute measure of occupancy in June
o Bookings made in June for September are up +3.0% in absolute variance vs those made last year in June
for September
➢ October gained +3.2% as an absolute measure of occupancy in June
o Bookings made in June for October are down -0.5% in absolute variance vs those made last year in June
for October
➢ As a measure of RevPAR, ($116), summer season is up +7.4% (+10.4% last report) compared to last year at this
time ($108)
➢ As a measure of ADR, ($345), summer season is up +10.5% (+13.8% last report) compared to last year at this
time ($312)
➢ As a measure of Occupancy, (33.5%), summer season is down -2.8% (-3.0% last report) compared to last year at
this time (34.5%)
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➢ May, June, and September 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 445,822 room nights available, a 0.01% (-0.6% last report)
increase over last summer season (445,778)
➢ Seasonal Bookings
o For the entire summer season there are 149,405 room nights booked, a -2.8% (-3.5% last report)
decrease over last summer season (153,725)
Winter Season:
➢ November gained +0.8% as an absolute measure of occupancy in June
o Bookings made in June for November are down -2.2% in absolute variance vs those made last year in
June for November
➢ December has just come on the books and is showing 13.2% occupancy, down -17.1% over last year (15.9%)
➢ As a measure of RevPAR, ($69), winter season is up +0.2% (+58.0% last report) compared to last year at this time
($69)
➢ As a measure of ADR, ($803), winter season is up +25.0% (+12.3% last report) compared to last year at this time
($642)
➢ As a measure of Occupancy, (8.6%), winter is down -19.8% (+40.8% last report) compared to last year at this
time (10.7%)
➢ No months are experiencing an occupancy gain over last winter season
➢ All months are experiencing an ADR gain over last winter season
➢ Seasonal Inventory
o For the entire winter season there are 149,224 room nights available, a -1.0% (-9.7% last report)
decrease over last winter season (150,710)
➢ Seasonal Bookings
o For the entire winter season there are 12,824 room nights booked, a -20.6% (+27.0% last report)
decrease over last winter season (16,154)
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DOR PRODUCTION NOTES:
General DOR Notes:
➢ The Average Daily Occupancy for June 1, 2022 – December 31, 2022 is: 33.6%
➢ Average Daily Performance for the current month and upcoming 6, June 1st, 2022 to December 31st, 2022 has
decreased since last report, and is currently down -1.7% (-1.2% last report) compared to last year
➢ Room Nights Booked (RNB) for the current month and upcoming 6, June 1st, 2022 to December 31st, 2022 total
177,866 and are currently down -18,810 or -9.6%, (-20,185 or -11.9% last report) compared to last year at this
time (196,670)
➢ Since the last report (06/15), bookings activity for June 1st through December 31st, 2022 has yielded a net of
+12,181 or +12,181 new bookings. This level of net booking activity has decreased -20.2% (+207.2% last report)
from the last report (+15,269)
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 +12,181 (+15,269 last report) added since last report:
o June: +679 (+3,958 last report) or +5.6% (+25.9% last report)
o July: +3,451 (+4,421 last report) or +28.3% (+29.0% last report)
o August: +2,620 (+3,614 last report) or +21.5% (+23.7% last report)
o September: +1,723 (+2,030 last report) or +14.1% (+13.3% last report)
o October: +536 (+754 last report) or +4.4% (+4.9% last report)
o November: +369 (+492 last report) or +3.0% (+3.2% last report)
o December: +2,803 or +23%
June
➢ While June had added a large amount of net new bookings last report, significantly fewer were added this
report, leading to a underperformance in the year over year bookings, and consequentially dropping average
daily performance further to +2.0% (+3.9% last report)
o June Average Daily Occupancy is 54.7% (53.3% last report)
o There are -626 (+2,128 last report) less bookings than last year at this time
o Since the last report, there have been net +679 (+3,958 last report) bookings for the month
o The largest net addition in bookings, since the last report, occurred on the 30th, with +132 bookings
added
o The only net reduction in bookings, since last report, occurred on the 16th, with -6 cancellations
o The largest outperformance is on the 22nd, up +26.1% (+27.4% last report) over last year at this time
o The largest underperformance is on the 30th, down -14.5% (-14.0% last report) over last year at this time
o Inventory is lower than last year at this time
July
➢ July continues to add the most net new bookings of all months included in the report, though booking pace last
year at this time was quite strong, and has led to a year over year bookings underperformance, as such, average
daily performance has fallen further to -9.8% (-6.2% last report)
o July Average Daily Occupancy is 61.3% (56.4% last report)
o There are -10,722 (-5,722 last report) less bookings than last year at this time
o Since the last report, there have been net +3,451 (+4,421 last report) bookings for the month
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o The largest net addition in bookings, since the last report, occurred on the 3rd, with +268 bookings
added
o No days experienced a net reduction in bookings since last report
o The largest outperformance is on the 20th, up +10.1% (+15.9% last report) over last year at this time
o The largest underperformance is on the 17th, down -20.2% (-15.9% last report) over last year at this time
o Inventory is lower than last year at this time
August
➢ August continues to add strong net new bookings, putting a dent in the year over year bookings
underperformance, though average daily performance has decreased slightly to to -2.5% (-1.7% last report)
o August Average Daily Occupancy is 46.1% (41.1% last report)
o There are -4,140 (-6,408 last report) less bookings than last year at this time
o Since the last report, there have been net +2,620 (+3,614 last report) bookings for the month
o The largest net addition in bookings, since the last report, occurred on the 4th, with +124 bookings
added
o No days experienced a net reduction in bookings since last report
o The largest outperformance is on the 8th, up +14.9% (+12.9% last report) over last year at this time
o The largest underperformance was on the 1st, down -12.5% (-15.6% last report), and has shifted to the
11th, down -17.7% over last year at this time
o Inventory is lower than last year at this time
September
➢ September added slightly fewer net new bookings than last report, but the year over year bookings
underperformance has decreased drastically and is now down by only -4 bookings, which has improved average
daily performance to +1.8% (-2.2% last report)
o September Average Daily Occupancy is 33.6% (27.6% last report)
o There are -4 (-4,834 last report) less bookings than last year at this time
o Since the last report, there have been net +1,723 (+2,030 last report) bookings for the month
o The largest net addition in bookings, since the last report, occurred on the 9th, with +149 bookings
added
o No days experienced a net reduction in bookings since last report
o The largest outperformance is on the 12th, up +13.7% (+0.2% last report) over last year at this time
o The largest underperformance was on the 29th, down -5.5% (-14.4% last report), and has shifted to the
2nd, down -10.0% over last year at this time
o Inventory is lower than last year at this time
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October
➢ October has also added a smaller amount of net new bookings compared to the prior report, but booking pace is
stronger for the month than last year at this time, improving the year over year bookings underperformance, as
well as average daily performance to -0.2% (-0.3% last report)
o October Average Daily Occupancy is 12.8% (10.9% last report)
o There are -357 (-1,477 last report) less bookings than last year at this time
o Since the last report, there have been net +536 (+754 last report) bookings for the month
o The largest net addition in bookings, since the last report, occurred on the 1st, with +101 bookings added
o No days experienced a net reduction in bookings since last report
o The largest outperformance is on the 5th, up +7.6% (+13.0% last report) over last year at this time
o The largest underperformance was on the 11th, down -7.6% (-9.2% last report), and has shifted to the
31st, down -15.4% over last year at this time
o Inventory is lower than last year at this time
November
➢ November has added a similar amount of net new bookings as compared to last report, but the booking pace for
the month is lower compared to last year at this time, leading to an increase in the year over year bookings
underperformance, as well as dropping average daily performance negative to -0.3% (+1.0% last report)
o November Average Daily Occupancy is 6.5% (6.5% last report)
o There are -496 (-34 last report) less bookings than last year at this time
o Since the last report, there have been net +369 (+492 last report) bookings for the month
o The largest net addition in bookings, since the last report, occurred on the 23rd, with +36 bookings
added
o No days experienced a net reduction in bookings since last report
o The largest outperformance was on the 4th, up +3.1% (+6.5% last report), and has shifted to the 8th, up
+4.4% over last year at this time
o The largest underperformance was on the 10th, down -3.2% (-3.2% last report), and has shifted to the 1st,
down -18.2% over last year at this time
o Inventory is lower than last year at this time
December
➢ December has added a large amount of net new bookings since last report, the second most of all months
included, which has helped to improve the year over year bookings underperformance and average daily
performance to -2.6% (-3.0% last report)
o December Average Daily Occupancy is 19.7% (16.5% last report)
o There are -3,151 (-4,298 last report) less bookings than last year at this time
o Since the last report, there have been net +2,806 (+492 last report) bookings for the month
o The largest net addition in bookings, since the last report, occurred on the 28th, with +143 bookings
added
o No days experienced a net reduction in bookings since last report
o The largest outperformance was on the 2nd, up +3.2% (+4.1% last report), and has shifted to the 3rd, up
5.7% over last year at this time
o The largest underperformance is on the 26th, down -9.1% (-9.5% last report) over last year at this time
o Inventory is lower than last year at this time