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HomeMy WebLinkAbout10. Vail_Segment_Report_Condos_vs_Hotel_Properties_2022-07-31Vail Condo Properties and Vail Hotel Properties Period: Bookings as of July 31, 2022 Vail Condo Properties Vail Hotel Properties Index: Vail Condo Properties vs Vail Hotel Properties (100=0) 52.0%61.8%84.1 $404 $407 99.3 $210 $251 83.5 34.4%51.4%66.9 $396 $382 103.6 $136 $197 69.3 Vail Condo Properties Vail Hotel Properties Absolute Difference: Vail Condo Properties vs Vail Hotel Properties -19.0%-10.6%-8.4% 7.0%12.6%-5.6% -13.3%0.6%-14.0% -19.3%-6.3%-13.1% 6.8%11.1%-4.3% -13.8%4.2%-18.0%Year of Year % Change in Revenue Per Available Room for Next Month (August) C. PACING - Last Month Year over Year % change in Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Year over Year % Change in Occupancy for Last Month (July) D. PACING - Next Month Year over Year % change in Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Year of Year % Change in Revenue Per Available Room for Last Month (July) CUSTOM COMPARATIVE BENCHMARK REPORT Vail Condo Properties and Vail Hotel Properties Executive Summary Historic Actual Occupancy for Last Month (July) A. PERFORMANCE - Last Month Performance: Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties On-The-Books Occupancy for Next Month (August) On-The-Books Average Daily Rate for Next Month (August) B. PERFORMANCE - Next Month Performance: Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Historic Actual Revenue Per Available Room for Last Month (July) Historic Actual Average Daily Rate for Last Month (July) © 2022 Sterling Valley Systems, Inc. All rights reserved. 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Year over Year % Change in Average Daily Rate for Last Month (July) Year over Year % Change in Occupancy for Next Month (August) Year over Year % Change in Average Daily Rate for Next Month (August) On-The-Books Revenue per Available Room for Next Month (August) Absolute Comparison Series (2022/23): Vail Condo Properties vs Vail Hotel Properties Period: Bookings as of July 31, 2022 Custom Comparative Report 72%65% 27% 7% 33% 52% 34% 18% 5%4%16%18%16% 79%75% 42% 25% 54%62%51% 39% 16%7%16%17%24% 90.7 86.6 63.0 29.9 61.2 84.1 66.9 46.6 32.1 61.2 98.8 108.8 65.4 0 20 40 60 80 100 120 0%10%20%30%40%50%60%70%80%90% February March April May June July August September October NovemberDecember JanuaryOn the books months total Vail Condo Properties Vail Hotel Properties Index: Vail Condo Properties vs. Vail Hotel Properties 72% 65% 27% 7% 33% 52% 34% 18% 5%4% 16%18%16% 79%75% 42% 25% 54% 62% 51% 39% 16% 7% 16%17% 24% 90.7 86.6 63.0 29.9 61.2 84.1 66.9 46.6 32.1 61.2 98.8 108.8 65.4 0 20 40 60 80 100 120 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% February March April May June July August September October November December January On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesOccupancy RateChart 1.1 -Occupancy Rate, YTD 2022/23: Vail Condo Properties vs. Vail Hotel Properties $851 $904 $445 $199 $334 $404 $396 $327 $240 $370 $1,108 $989 $601 $741 $750 $348 $240 $327 $407 $382 $299 $255 $319 $905 $754 $441 115 121 128 83 102 99 104 109 94 116 122 131 136 0 20 40 60 80 100 120 140 160 $0 $200 $400 $600 $800 $1,000 $1,200 February March April May June July August September October November December January On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesADRChart 1.2 -Average Daily Rate, YTD 2022/23 Vail Condo Properties vs. Vail Hotel Properties $612 $586 $119 $15 $110 $210 $136 $60 $13 $15 $172 $180 $96 $587 $562 $148 $60 $177 $251 $197 $118 $42 $21 $142 $126 $107 104 104 81 25 62 84 69 51 30 71 121 143 89 0 20 40 60 80 100 120 140 160 $0 $100 $200 $300 $400 $500 $600 $700 February March April May June July August September October November December January On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesRevPARChart 1.3 -Revenue per Available Room, YTD 2022/23 Vail Condo Properties vs. Vail Hotel Properties 91 87 63 30 61 84 67 47 32 61 99 109 65 115 121 128 83 102 99 104 109 94 116 122 131 136 0 20 40 60 80 100 120 140 160 180 200 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 On the books months totalIndex: Vail Condo Properties vs. Vail Hotel PropertiesChart 1.4 -YTD 2022/23 Indexes: Occupancy & ADR: Vail Condo Properties vs. Vail Hotel Properties Index: Occupancy Index: ADR Historic On the Books Historic On the books Historic On the books Historic On the books Vail Hotel Properties Period: Bookings as of July 31, 2022 Pacing Series (2022/23 vs. 2021/22) : Vail Condo Properties vs. Vail Hotel Properties Custom Comparative Report Vail Condo Properties 36.8% 12.7% 22.3% -2.4% -10.1% -19.0%-19.3% -12.4% -18.9% 6.8% -20.7% 4.1% -13.5% 23.5% 5.8% 30.8% 17.2% 8.5% -10.6%-6.3% 3.1% -0.5% -12.7% -26.4% -7.2%-6.9% -30% -20% -10% 0% 10% 20% 30% 40% February March April May June July August September October November December January On the books months total% Change in Occupancy RateChart 2.1 -% Change in Occupancy Rate, 2022/23 vs. 2021/22: Vail Condo Properties vs. Vail Hotel Properties 25.7%26.6% 7.2% 3.8% 7.6%7.0%6.8%7.5% 15.5% 2.5% 10.7% 28.5% 12.8% 42.6% 49.9% 17.8% 24.7% 15.8%12.6%11.1% 3.8% 17.0% 10.1% 26.5% 34.8% 12.3% 0% 10% 20% 30% 40% 50% 60% February March April May June July August September October November December January On the books months total% Change in ADR,Chart 2.2 -% Change in ADR, 2022/23 vs. 2021/22: Vail Condo Properties vs. Vail Hotel Properties 71.9% 42.6% 31.2% 1.3% -3.2% -13.3%-13.8% -5.8%-6.3% 9.5% -12.2% 33.7% -2.4% 76.1% 58.6% 54.0%46.1% 25.7% 0.6%4.2%7.1%16.5% -3.8%-6.8% 25.1% 4.8% -20% -10% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% February March April May June July August September October November December January On the books months total% Change in RevPARChart 2.3 -% Change in RevPAR, 2022/23 vs. 2021/22: Vail Condo Properties vs. Vail Hotel Properties 13%7% -8% -20%-19%-8%-13% -16%-18% 19% 6%11% -7%-17%-23%-11%-21% -8%-6%-4% 4% -2%-8%-16%-6% 0% -100% -80% -60% -40% -20% 0% 20% 40% 60% 80% 100% Feb-22 vs. Feb-21 Mar-22 vs. Mar-21 Apr-22 vs. Apr-21 May-22 vs. May-21 Jun-22 vs. Jun-21 Jul-22 vs. Jul- 21 Aug-22 vs. Aug-21 Sep-22 vs. Sep-21 Oct-22 vs. Oct-21 Nov-22 vs. Nov-21 Dec-22 vs. Dec-21 Jan-23 vs. Jan-22 On the books months totalChange in Occup. & ADRVail Condo Properties vs. Vail Hotel PropertiesChart 2.4 -Change in Occupancy & ADR 2022/23 vs. 2021/22: Vail Condo Properties vs. Vail Hotel Properties Change in Occ Rate Change in ADR Historic On the books Historic On the books Historic On the books Historic On the books Vail Condo Properties Vail Hotel Properties INDEX OCCUPANCY RATE OCCUPANCY RATE: YTD 2022/23 VS. YTD 2021/22 OCCUPANCY RATE: YTD 2022/23 VS. YTD 2021/22 Vail Condo Properties Vail Condo Properties Percent Occup. Rate as of:Occup. Rate as of:Percent Occup. Rate as of:Occup. Rate as of:Percent as an Index of as an Index of Change in Jul 31, 2022 Jul 31, 2021 Change in Jul 31, 2022 Jul 31, 2021 Change in Vail Hotel Properties Vail Hotel Properties Index: Month of Occupancy (2022/23 & 2021/22)(2022/23 season)(2021/22 season)YTD Occ. Rate (2022/23 season)(2021/22 season)Occ. Rate YTD 2022/23 YTD 2021/22 2022/23 vs. 2021/22 February 71.9%52.5%36.8%79.3%64.2%23.5%90.7 81.8 10.8% March 64.9%57.6%12.7%74.9%70.8%5.8%86.6 81.3 6.5% April 26.7%21.9%22.3%42.4%32.5%30.8%63.0 67.3 -6.4% May 7.5%7.7%-2.4%25.1%21.4%17.2%29.9 35.9 -16.7% June 33.1%36.8%-10.1%54.1%49.8%8.5%61.2 73.8 -17.1% July Historic 52.0%64.2%-19.0%61.8%69.1%-10.6%84.1 92.9 -9.4% August On the Books 34.4%42.7%-19.3%51.4%54.9%-6.3%66.9 77.8 -14.0% September 18.4%21.0%-12.4%39.4%38.2%3.1%46.6 54.9 -15.1% October 5.3%6.5%-18.9%16.4%16.5%-0.5%32.1 39.4 -18.6% November 4.0%3.8%6.8%6.6%7.6%-12.7%61.2 50.0 22.3% December 15.5%19.6%-20.7%15.7%21.3%-26.4%98.8 91.7 7.8% January 18.1%17.4%4.1%16.7%18.0%-7.2%108.8 97.0 12.1% Grand total 29.6%29.4%0.9%40.1%38.5%4.0%74.0 76.3 -3.0% Historic months total 43.2%40.1%7.7%55.8%51.2%9.0%77.4 78.3 -1.2% On the books months total 15.9%18.4%-13.5%24.4%26.2%-6.9%65.4 70.4 -7.1% Vail Condo Properties Vail Hotel Properties INDEX AVERAGE DAILY RATE ADR: YTD 2022/23 VS. YTD 2021/22 ADR: YTD 2022/23 VS. YTD 2021/22 Vail Condo Properties Vail Condo Properties Percent ADR as of:ADR as of:Percent ADR as of:ADR as of:Percent as an Index of as an Index of Change in Jul 31, 2022 Jul 31, 2021 Change in Jul 31, 2022 Jul 31, 2021 Change in Vail Hotel Properties Vail Hotel Properties Index: Month of Occupancy (2022/23 & 2021/22)(2022/23 season)(2021/22 season)YTD Occ. Rate (2022/23 season)(2021/22 season)Occ. Rate YTD 2022/23 YTD 2021/22 2022/23 vs. 2021/22 February $851 $677 25.7%$741 $519 42.6%114.9 130.4 -11.9% March $904 $714 26.6%$750 $500 49.9%120.5 142.8 -15.6% April $445 $415 7.2%$348 $295 17.8%127.9 140.5 -9.0% May $199 $191 3.8%$240 $192 24.7%82.9 99.5 -16.7% June $334 $310 7.6%$327 $282 15.8%102.1 109.9 -7.1% July Historic $404 $377 7.0%$407 $361 12.6%99.3 104.4 -4.9% August On the books $396 $371 6.8%$382 $344 11.1%103.6 107.7 -3.9% September $327 $304 7.5%$299 $288 3.8%109.4 105.6 3.6% October $240 $208 15.5%$255 $218 17.0%94.0 95.2 -1.3% November $370 $361 2.5%$319 $289 10.1%116.3 125.0 -6.9% December $1,108 $1,001 10.7%$905 $715 26.5%122.4 140.0 -12.5% January $989 $770 28.5%$754 $560 34.8%131.1 137.5 -4.7% Grand total $638 $521 22.4%$499 $392 27.2%127.8 132.9 -3.8% Historic months total $651 $516 26.2%$525 $393 33.6%124.1 131.5 -5.6% On the books months total $601 $533 12.8%$441 $393 12.3%136.4 135.8 0.4% Vail Condo Properties Vail Hotel Properties INDEX REVENUE PER AVAILABLE ROOM RevPAR: YTD 2022/23 VS. YTD 2021/22 RevPAR: YTD 2022/23 VS. YTD 2021/22 Vail Condo Properties Vail Condo Properties Percent RevPAR as of:RevPAR as of:Percent RevPAR as of:RevPAR as of:Percent as an Index of as an Index of Change in Jul 31, 2022 Jul 31, 2021 Change in Jul 31, 2022 Jul 31, 2021 Change in Vail Hotel Properties Vail Hotel Properties Index: Month of Occupancy (2022/23 & 2021/22)(2022/23 season)(2021/22 season)YTD Occ. Rate (2022/23 season)(2021/22 season)Occ. Rate YTD 2022/23 YTD 2021/22 2022/23 vs. 2021/22 February $612 $356 71.9%$587 $333 76.1%104.1 106.7 -2.4% March $586 $411 42.6%$562 $354 58.6%104.4 116.1 -10.1% April $119 $91 31.2%$148 $96 54.0%80.6 94.6 -14.9% May $15 $15 1.3%$60 $41 46.1%24.8 35.7 -30.7% June $110 $114 -3.2%$177 $141 25.7%62.4 81.1 -23.0% July Historic $210 $242 -13.3%$251 $249 0.6%83.5 97.0 -13.9% August On the books $136 $158 -13.8%$197 $189 4.2%69.3 83.8 -17.3% September $60 $64 -5.8%$118 $110 7.1%51.0 58.0 -12.0% October $13 $13 -6.3%$42 $36 16.5%30.1 37.5 -19.6% November $15 $14 9.5%$21 $22 -3.8%71.2 62.5 13.8% December $172 $196 -12.2%$142 $153 -6.8%120.9 128.3 -5.8% January $180 $134 33.7%$126 $101 25.1%142.6 133.4 6.9% Grand total $189 $153 23.4%$200 $151 32.3%94.6 101.4 -6.7% Historic months total $281 $207 35.9%$293 $201 45.7%96.0 103.0 -6.7% On the books months total $96 $98 -2.4%$107 $102 4.8%89.1 95.8 -6.9% Custom Comparative Report Period: Bookings as of July 31, 2022