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HomeMy WebLinkAbout02. Vail Executive Summary 2023-01-31Destination: Vail January (Actual) 2023 2022 January (Actual) 2023 2022 Paid Occupancy 69.6%65.0%7.1%Paid Occupancy 65.6%59.5%10.2% ADR $759 $701 8.2%ADR $621 $560 10.9% February (On The Books) February (On The Books) Paid Occupancy 74.3%74.8%-0.6%Paid Occupancy 68.3%69.6%-1.8% ADR $827 $745 10.9%ADR $693 $618 12.1% March (On The Books) March (On The Books) Paid Occupancy 57.8%59.0%-2.2%Paid Occupancy 50.4%53.6%-6.0% ADR $796 $774 2.8%ADR $682 $635 7.3% April (On The Books) April (On The Books) Paid Occupancy 15.1%19.0%-20.5%Paid Occupancy 14.0%15.4%-9.3% ADR $458 $362 26.5%ADR $352 $320 10.2% May (On The Books) May (On The Books) Paid Occupancy 6.8%6.2%10.1%Paid Occupancy 9.2%9.9%-6.8% ADR $216 $233 -7.1%ADR $294 $261 12.8% June (On The Books) June (On The Books) Paid Occupancy 19.5%23.8%-18.2%Paid Occupancy 22.4%25.3%-11.5% ADR $346 $299 15.9%ADR $418 $358 17.0% July (On The Books) July (On The Books) Paid Occupancy 20.4%25.9%-21.4%Paid Occupancy 23.0%26.9%-14.8% ADR $394 $360 9.3%ADR $457 $432 5.9% 2023 2022 Year over Year % Difference 2023 2022 Year over Year % Difference January 7.3%5.9%24.9%January 7.2%6.3%12.8% Bookings as of January 31, 2023 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 69.6%65.0% 2023 2022 Vail January Occupancy vs. Last Year 65.6%59.5% 2023 2022 DestiMetrics -Industry West January Occupancy vs. Last Year $759 $701 2023 2022 Vail January ADR vs. Last Year $621 $560 2023 2022 DestiMetrics -Industry West January ADR vs. Last Year Copyright (c) 2023, Sterling Valley Systems All Rights Reserved. Confidential Information not for reproduction and protected by law. DestiMetrics@Inntopia.com www.Inntopia.com