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HomeMy WebLinkAbout04. Vail Daily Occupancy Report as of 2022-10-31Vail Condo Properties and Vail Hotel Properties Period: Bookings as of October 31, 2022 Vail Condo Properties Vail Hotel Properties Index: Vail Condo Properties vs Vail Hotel Properties (100=0) 12.9%38.4%33.6 $248 $262 94.6 $32 $101 31.7 14.8%24.6%60.4 $350 $306 114.4 $52 $75 69.0 Vail Condo Properties Vail Hotel Properties Absolute Difference: Vail Condo Properties vs Vail Hotel Properties -27.0%-7.3%-19.7% 6.7%8.6%-1.8% -22.1%0.7%-22.7% -34.8%-6.5%-28.3% 8.5%-3.2%11.7% -29.2%-9.5%-19.7% © 2022 Sterling Valley Systems, Inc. All rights reserved. No parts of this work may be reproduced in any form or by any means, graphic, electronic or mechanical, including photocopying, recording, taping or information storage and retrieval systems - without the written permission of the copyright holder. Products that are referred to in this document may be either trademarks and/or registered trademarks of the respective owners. The publisher and the author make no claim to these Trademarks. While every precaution has been taken in the preparation of this document, the publisher and the author assume no responsibility for errors or omissions, or for damages resulting from the use of information contained in this document or from the use of programs and source code that may accompany it. In no event shall the publisher and the author be liable for any loss of profit or any other commercial damage caused or alleged to have been caused directly or indirectly by this document. Year over Year % Change in Average Daily Rate for Last Month (October) Year over Year % Change in Occupancy for Next Month (November) Year over Year % Change in Average Daily Rate for Next Month (November) On-The-Books Revenue per Available Room for Next Month (November) CUSTOM COMPARATIVE BENCHMARK REPORT Vail Condo Properties and Vail Hotel Properties Executive Summary Historic Actual Occupancy for Last Month (October) A. PERFORMANCE - Last Month Performance: Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties On-The-Books Occupancy for Next Month (November) B. PERFORMANCE - Next Month Performance: Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Historic Actual Revenue Per Available Room for Last Month (October) Historic Actual Average Daily Rate for Last Month (October) Year of Year % Change in Revenue Per Available Room for Next Month (November) 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 (October) 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 (October) On-The-Books Average Daily Rate for Next Month (November) Absolute Comparison Series (2022/23): Vail Condo Properties vs Vail Hotel Properties Period: Bookings as of October 31, 2022 Custom Comparative Report 7% 33% 52% 39%31% 13%15% 35%41%44% 27% 5% 28%25% 54%62%60%58% 38% 25% 39%38%41% 29% 14% 31% 29.9 61.2 84.1 66.3 54.5 33.6 60.4 89.4 107.9 108.8 92.2 35.8 90.3 0 20 40 60 80 100 120 0% 10% 20% 30% 40% 50% 60% 70% May June July August September October NovemberDecember January February March AprilOn the books months total Vail Condo Properties Vail Hotel Properties Index: Vail Condo Properties vs. Vail Hotel Properties 7% 33% 52% 39% 31% 13%15% 35% 41%44% 27% 5% 28% 25% 54%62%60% 58% 38% 25% 39%38%41% 29% 14% 31%29.9 61.2 84.1 66.3 54.5 33.6 60.4 89.4 107.9 108.8 92.2 35.8 90.3 0 20 40 60 80 100 120 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% May June July August September October November December January February March April On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesOccupancy RateChart 1.1 -Occupancy Rate, YTD 2021/22: Vail Condo Properties vs. Vail Hotel Properties $199 $334 $404 $392 $310 $248 $350 $1,067 $909 $988 $989 $512 $915 $240 $327 $407 $370 $307 $262 $306 $789 $739 $772 $750 $356 $672 83 102 99 106 101 95 114 135 123 128 132 144 136 0 20 40 60 80 100 120 140 160 $0 $200 $400 $600 $800 $1,000 $1,200 May June July August September October November December January February March April On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesADRChart 1.2 -Average Daily Rate, YTD 2021/22 Vail Condo Properties vs. Vail Hotel Properties $15 $110 $210 $155 $97 $32 $52 $373 $373 $438 $268 $25 $255 $60 $177 $251 $221 $177 $101 $75 $308 $281 $315 $220 $49 $208 25 62 84 70 55 32 69 121 133 139 122 52 123 0 20 40 60 80 100 120 140 160 $0 $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 May June July August September October November December January February March April On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesRevPARChart 1.3 -Revenue per Available Room, YTD 2021/22 Vail Condo Properties vs. Vail Hotel Properties 30 61 84 66 54 34 60 89 108 109 92 36 9083 102 99 106 101 95 114 135 123 128 132 144 136 0 20 40 60 80 100 120 140 160 180 200 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 On the books months totalIndex: Vail Condo Properties vs. Vail Hotel PropertiesChart 1.4 -YTD 2021/22 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 October 31, 2022 Pacing Series (2022/23 vs. 2021/22) : Vail Condo Properties vs. Vail Hotel Properties Custom Comparative Report Vail Condo Properties -2.4%-10.1%-19.0%-13.3% -5.1% -27.0%-34.8% -20.9% -5.2%-0.5% -10.4% 79.2% -11.0% 17.2%8.5% -10.6%-2.8% 5.8% -7.3%-6.5% -25.6% -8.8%-6.0%-5.0%-12.7%-11.8% -60% -40% -20% 0% 20% 40% 60% 80% 100% May June July August September October November December January February March April On the books months total% Change in Occupancy RateChart 2.1 -% Change in Occupancy Rate, 2021/22 vs. 2020/21: Vail Condo Properties vs. Vail Hotel Properties 3.8%7.6%7.0%7.5% 5.1% 6.7% 8.5% 7.7% 20.4% 16.2%13.9% 31.1% 14.8% 24.7% 15.8% 12.6% 7.2% 0.7% 8.6% -3.2% 6.8% 18.2%18.5%19.9%19.3% 12.7% -5% 0% 5% 10% 15% 20% 25% 30% 35% May June July August September October November December January February March April On the books months total% Change in ADR,Chart 2.2 -% Change in ADR, 2021/22 vs. 2020/21: Vail Condo Properties vs. Vail Hotel Properties 1.3% -3.2% -13.3%-6.8%-0.2% -22.1%-29.2%-14.8% 14.2%15.6% 2.1% 135.0% 2.1% 46.1% 25.7% 0.6% 4.3%6.5%0.7% -9.5% -20.6% 7.8%11.4% 13.9% 4.1% -0.5% -40% -20% 0% 20% 40% 60% 80% 100% 120% 140% 160% May June July August September October November December January February March April On the books months total% Change in RevPARChart 2.3 -% Change in RevPAR, 2021/22 vs. 2020/21: Vail Condo Properties vs. Vail Hotel Properties -20%-19%-8%-11%-11%-20% -28% 5%4%5% -5% 92%1% -21% -8%-6% 0%4% -2% 12%1%2% -2%-6% 12% 2% -100% -80% -60% -40% -20% 0% 20% 40% 60% 80% 100% 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 Feb-23 vs. Feb-22 Mar-23 vs. Mar-22 Apr-23 vs. Apr-22 On the books months totalChange in Occup. & ADRVail Condo Properties vs. Vail Hotel PropertiesChart 2.4 -Change in Occupancy & ADR 2021/22 vs. 2020/21: 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 Oct 31, 2022 Oct 31, 2021 Change in Oct 31, 2022 Oct 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 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 52.0%64.2%-19.0%61.8%69.1%-10.6%84.1 92.9 -9.4% August 39.5%45.6%-13.3%59.6%61.3%-2.8%66.3 74.4 -10.9% September 31.3%33.0%-5.1%57.5%54.4%5.8%54.5 60.7 -10.3% October Historic 12.9%17.6%-27.0%38.4%41.4%-7.3%33.6 42.6 -21.2% November On the Books 14.8%22.7%-34.8%24.6%26.3%-6.5%60.4 86.5 -30.2% December 34.9%44.1%-20.9%39.0%52.4%-25.6%89.4 84.1 6.3% January 41.1%43.3%-5.2%38.1%41.7%-8.8%107.9 103.8 4.0% February 44.4%44.6%-0.5%40.8%43.3%-6.0%108.8 102.9 5.8% March 27.1%30.3%-10.4%29.4%31.0%-5.0%92.2 97.7 -5.6% April 4.9%2.7%79.2%13.6%15.6%-12.7%35.8 17.4 105.3% Grand total 28.7%32.7%-12.1%40.3%42.4%-5.1%71.3 77.0 -7.4% Historic months total 29.6%34.1%-13.2%49.3%49.6%-0.6%60.0 68.8 -12.7% On the books months total 27.9%31.3%-11.0%30.9%35.0%-11.8%90.3 89.5 0.9% 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 Oct 31, 2022 Oct 31, 2021 Change in Oct 31, 2022 Oct 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 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 $404 $377 7.0%$407 $361 12.6%99.3 104.4 -4.9% August $392 $365 7.5%$370 $345 7.2%105.9 105.7 0.2% September $310 $295 5.1%$307 $305 0.7%100.8 96.6 4.4% October Historic $248 $233 6.7%$262 $242 8.6%94.6 96.2 -1.7% November On the books $350 $323 8.5%$306 $317 -3.2%114.4 102.0 12.1% December $1,067 $991 7.7%$789 $739 6.8%135.3 134.2 0.9% January $909 $754 20.4%$739 $625 18.2%123.0 120.7 1.9% February $988 $850 16.2%$772 $651 18.5%128.0 130.5 -2.0% March $989 $869 13.9%$750 $625 19.9%132.0 139.0 -5.0% April $512 $391 31.1%$356 $298 19.3%144.1 131.0 9.9% Grand total $626 $559 12.0%$460 $423 8.7%136.1 132.1 3.0% Historic months total $352 $330 6.6%$333 $306 8.7%105.7 107.8 -1.9% On the books months total $915 $797 14.8%$672 $597 12.7%136.0 133.5 1.9% 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 Oct 31, 2022 Oct 31, 2021 Change in Oct 31, 2022 Oct 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 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 $210 $242 -13.3%$251 $249 0.6%83.5 97.0 -13.9% August $155 $166 -6.8%$221 $212 4.3%70.2 78.6 -10.6% September $97 $97 -0.2%$177 $166 6.5%54.9 58.6 -6.3% October Historic $32 $41 -22.1%$101 $100 0.7%31.7 41.0 -22.6% November On the books $52 $73 -29.2%$75 $83 -9.5%69.0 88.3 -21.8% December $373 $437 -14.8%$308 $387 -20.6%121.0 112.9 7.2% January $373 $327 14.2%$281 $261 7.8%132.7 125.3 5.9% February $438 $379 15.6%$315 $282 11.4%139.3 134.3 3.8% March $268 $263 2.1%$220 $193 13.9%121.7 135.8 -10.4% April $25 $11 135.0%$49 $47 4.1%51.6 22.9 125.7% Grand total $180 $183 -1.6%$185 $180 3.1%97.1 101.8 -4.6% Historic months total $104 $112 -7.5%$164 $152 8.1%63.5 74.1 -14.4% On the books months total $255 $250 2.1%$208 $209 -0.5%122.9 119.7 2.6% Custom Comparative Report Period: Bookings as of October 31, 2022