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HomeMy WebLinkAbout07. Vail Executive Summary 2022-08-31Destination: Vail August (Actual) 2022 2021 August (Actual) 2022 2021 Paid Occupancy 53.9%57.0%-5.4%Paid Occupancy 54.7%57.6%-5.0% ADR $375 $350 7.2%ADR $413 $393 5.0% September (On The Books) September (On The Books) Paid Occupancy 43.1%41.3%4.4%Paid Occupancy 45.1%44.0%2.6% ADR $308 $307 0.2%ADR $366 $349 5.0% October (On The Books) October (On The Books) Paid Occupancy 17.1%18.0%-4.7%Paid Occupancy 20.2%21.3%-4.9% ADR $262 $239 9.4%ADR $293 $285 3.0% November (On The Books) November (On The Books) Paid Occupancy 8.4%9.8%-13.8%Paid Occupancy 8.9%9.4%-6.0% ADR $352 $300 17.2%ADR $293 $277 5.9% December (On The Books) December (On The Books) Paid Occupancy 20.7%28.4%-26.9%Paid Occupancy 19.5%24.5%-20.4% ADR $916 $789 16.0%ADR $796 $724 10.1% January (On The Books) January (On The Books) Paid Occupancy 23.9%28.1%-15.1%Paid Occupancy 24.6%21.8%13.1% ADR $804 $613 31.1%ADR $660 $560 17.9% February (On The Books) February (On The Books) Paid Occupancy 25.9%26.3%-1.6%Paid Occupancy 25.0%22.5%10.8% ADR $865 $685 26.3%ADR $719 $605 18.9% 2022 2021 Year over Year % Difference 2022 2021 Year over Year % Difference August 5.8%6.3%-7.4%August 6.3%4.5%41.4% Bookings as of August 31, 2022 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 53.9%57.0% 2022 2021 Vail August Occupancy vs. Last Year 54.7%57.6% 2022 2021 DestiMetrics -Industry West August Occupancy vs. Last Year $375 $350 2022 2021 Vail August ADR vs. Last Year $413 $393 2022 2021 DestiMetrics -Industry West August ADR vs. Last Year Copyright (c) 2022, Sterling Valley Systems All Rights Reserved. Confidential Information not for reproduction and protected by law. DestiMetrics@Inntopia.com www.Inntopia.com