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HomeMy WebLinkAbout09c. Vail Reservation Activity Outlook as of 2023-03-31Executive Summary Res Activity Outlook as of Mar 31, 2023 Executive Summary Data based on a sample of up to 26 properties in the Vail destination, representing up to 2371 Units ('DestiMetrics Census'*) and 62.46% of 3797 total units in the Vail destination ('Destination Census'**) Last Month Performance: Current YTD vs. Previous YTD 2022/23 2021/22 Year over Year % Variance Vail Occupancy for last month (Mar) changed by (0.9%)Occupancy (Mar) :72.6%72.0%0.9% Vail ADR for last month (Mar) changed by (-0.3%)ADR (Mar) :$ 788 $ 790 -0.3% Vail RevPAR for last month (Mar) changed by (0.6%)RevPAR (Mar) :$ 572 $ 569 0.6% Next Month Performance: Current YTD vs. Previous YTD Vail Occupancy for next month (Apr) changed by (-12.5%)Occupancy (Apr) :28.2%32.2%-12.5% Vail ADR for next month (Apr) changed by (10.4%)ADR (Apr) :$ 419 $ 379 10.4% Vail RevPAR for next month (Apr) changed by (-3.4%)RevPAR (Apr) :$ 118 $ 122 -3.4% Historical past 6 months Month Actual Performance: Current YTD vs. Previous YTD Vail Occupancy for the past 6 months changed by (-1.4%)Occupancy 56.1%56.8%-1.4% Vail ADR for the past 6 months changed by (4.6%)ADR $ 702 $ 671 4.6% Vail RevPAR for the past 6 months changed by (3.2%)RevPAR $ 393 $ 381 3.2% Future 6 Month On The Books Performance: Current YTD vs. Previous YTD Vail Occupancy for the furture 6 months changed by (-15.5%)Occupancy 21.2%25.1%-15.5% Vail ADR for the future 6 months changed by (5.3%)ADR $ 376 $ 357 5.3% Vail RevPAR for the future 6 months changed by (-10.9%)RevPAR $ 80 $ 90 -10.9% Incremental Pacing - % Variance in Rooms Booked last Calendar Month: Mar 31, 2023 vs. Previous Year Rooms Booked during last month (Mar,23) compared to Rooms Booked during the same period last year (Mar,22) for all arrival dates has changed by (0.5%)Booking Pace (Mar)5.4%5.4%0.5% * Inntopia Census: Total number of rooms reported by participating Inntopia 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 and adjusted for properties that have opened / closed since that time. This number varies infrequently as new properties start, or existing properties cease operations. © 2023 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. Vail Paid Occupancy (Most Recent Data) Res Activity Outlook as of Mar 31, 2023 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Average Daily Rate (Most Recent Data) Res Activity Outlook as of Mar 31, 2023 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Revenue Per Available Room (Most Recent Data) Res Activity Outlook as of Mar 31, 2023 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Variance in YTD Occupancy and ADR Res Activity Outlook 2022/23 vs 2021/22 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Paid Occupancy (Winter-to-date) Res Activity Outlook as of Mar 31, 2023 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Average Daily Rate (Winter-to-date) Res Activity Outlook as of Mar 31, 2023 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Revenue Per Available Room (Winter-to-date) Res Activity Outlook as of Mar 31, 2023 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Variance in YTD Occupancy and ADR (Winter-to-date) Res Activity Outlook as of Mar 31, 2023 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Paid Occupancy (Summer-to-date) Res Activity Outlook as of Mar 31, 2023 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Average Daily Rate (Summer-to-date) Res Activity Outlook as of Mar 31, 2023 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Revenue Per Available Room (Summer-to-date) Res Activity Outlook as of Mar 31, 2023 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Variance in YTD Occupancy and ADR (Summer-to-date) Res Activity Outlook 2022/23 vs 2021/22 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Paid Occupancy Fill Analysis Res Activity Outlook as of Mar 31, 2023 *Based on providing complete pacing data within a given month of occupancy only. Results may differ from those presented elsewhere in report if property set differs. **Results for "Percent Variance in incremental fill" indicate how room nights booked during the month just ended compare to room nights booked during the same month in the prior year, for occupancy in the month just ended and for the upcoming five months (as well as the six-month period in total). These results provide an indication of the degree to which booking activity occurring during the month just ended was greater or less than booking activity occurring in the same month a year ago -- i.e. a measure of the strength of booking activity occurring during the month just ended. Vail Paid Occupancy (Most Recent Data) Res Activity Outlook as of Mar 31, 2023 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Occ Rate: YTD 2022/23 VS. YTD 2021/22 Month of Occupancy Occ Rate as of Mar 31, 2023 Occ Rate as of Mar 31, 2022 Occ Percent Variance in YTD Occ Rate Historic Actual Occ Rate CY Room Nights Available CY Room Nights Booked PY Room Nights Available PY Room Nights Booked # of Properties in sample Oct 22 31.4%35.0%-10.4%75,754 23,780 75,513 26,462 26 Nov 22 28.7%30.2%-5.0%72,866 20,937 73,178 22,123 26 Dec 22 57.9%62.4%-7.3%75,047 43,426 76,441 47,712 26 Jan 23 69.6%65.0%7.1%73,261 50,998 75,747 49,254 26 Feb 23 78.8%77.0%2.3%66,331 52,275 68,773 52,985 26 Mar 23 72.6%72.0%0.9%73,516 53,398 75,921 54,662 26 Apr 23 28.2%32.2%-12.5%37.7%70,788 19,927 73,507 23,646 26 May 23 9.8%12.2%-19.8%20.6%69,914 6,829 74,983 9,131 26 Jun 23 27.7%34.1%-18.8%48.2%70,815 19,596 73,322 25,002 26 Jul 23 28.5%36.9%-22.7%59.1%70,765 20,189 73,538 27,143 25 Aug 23 19.6%20.3%-3.5%52.2%62,427 12,233 64,624 13,127 25 Sep 23 11.9%13.1%-9.4%47.2%60,295 7,177 64,269 8,445 25 Grand Total 39.3%41.4%-5.0%50.5%841,779 330,765 869,816 359,692 26 Historical Months Total 56.1%56.8%-1.4%56.8%436,775 244,814 445,573 253,198 26 On the Books Total 21.2%25.1%-15.5%43.9%405,004 85,951 424,243 106,494 26 Vail Average Daily Rate (Most Recent Data) Res Activity Outlook as of Mar 31, 2023 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Average Daily Rate: YTD 2022/23 VS. YTD 2021/22 Month of Occupancy ADR as of Mar 31, 2023 ADR as of Mar 31, 2022 ADR Percent Variance in YTD Adr Rate Historic Actual ADR CY Room Nights Booked CY Room Revenue Booked PY Room Nights Booked PY Room Revenue Booked # of Properties in sample Oct 22 $260.70 $240.41 8.4%23,780 $ 6,199,414 26,462 $ 6,361,626 26 Nov 22 $310.84 $319.64 -2.8%20,937 $ 6,508,045 22,123 $ 7,071,481 26 Dec 22 $790.61 $790.53 0.0%43,426 $ 34,333,067 47,712 $ 37,717,688 26 Jan 23 $758.64 $701.36 8.2%50,998 $ 38,689,065 49,254 $ 34,544,583 26 Feb 23 $841.72 $773.89 8.8%52,275 $ 44,000,693 52,985 $ 41,004,488 26 Mar 23 $787.61 $789.91 -0.3%53,398 $ 42,056,624 54,662 $ 43,178,043 26 Apr 23 $418.50 $379.23 10.4%$368.03 19,927 $ 8,339,502 23,646 $ 8,967,225 26 May 23 $222.60 $237.46 -6.3%$235.88 6,829 $ 1,520,114 9,131 $ 2,168,289 26 Jun 23 $350.11 $323.08 8.4%$328.34 19,596 $ 6,860,842 25,002 $ 8,077,526 26 Jul 23 $408.87 $399.00 2.5%$405.82 20,189 $ 8,254,749 27,143 $ 10,830,110 25 Aug 23 $383.53 $399.12 -3.9%$388.20 12,233 $ 4,691,667 13,127 $ 5,239,212 25 Sep 23 $374.95 $328.73 14.1%$324.36 7,177 $ 2,691,035 8,445 $ 2,776,153 25 Grand Total $ 617 $ 578 6.8%$ 537 330,765 $ 204,144,818 359,692 $ 207,936,424 26 Historical Months Total $ 702 $ 671 4.6%$ 671 244,814 $ 171,786,909 253,198 $ 169,877,909 26 On the Books Total $ 376 $ 357 5.3%$ 355 85,951 $ 32,357,909 106,494 $ 38,058,515 26 Vail Revenue Per Available Room (Most Recent Data) Res Activity Outlook as of Mar 31, 2023 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com RevPAR Rate: YTD 2022/23 VS. YTD 2021/22 Month of Occupancy RevPAR as of Mar 31, 2023 RevPAR as of Mar 31, 2022 RevPAR Percent Variance in YTD RevPAR Rate Historic Actual RevPAR CY Room Nights Available CY Room Revenue Booked PY Room Nights Available PY Room Revenue Booked # of Properties in sample Oct 22 $81.84 $84.25 -2.9%75,754 $ 6,199,414 75,513 $ 6,361,626 26 Nov 22 $89.32 $96.63 -7.6%72,866 $ 6,508,045 73,178 $ 7,071,481 26 Dec 22 $457.49 $493.42 -7.3%75,047 $ 34,333,067 76,441 $ 37,717,688 26 Jan 23 $528.10 $456.05 15.8%73,261 $ 38,689,065 75,747 $ 34,544,583 26 Feb 23 $663.35 $596.23 11.3%66,331 $ 44,000,693 68,773 $ 41,004,488 26 Mar 23 $572.07 $568.72 0.6%73,516 $ 42,056,624 75,921 $ 43,178,043 26 Apr 23 $117.81 $121.99 -3.4%$138.84 70,788 $ 8,339,502 73,507 $ 8,967,225 26 May 23 $21.74 $28.92 -24.8%$48.62 69,914 $ 1,520,114 74,983 $ 2,168,289 26 Jun 23 $96.88 $110.17 -12.1%$158.29 70,815 $ 6,860,842 73,322 $ 8,077,526 26 Jul 23 $116.65 $147.27 -20.8%$239.95 70,765 $ 8,254,749 73,538 $ 10,830,110 25 Aug 23 $75.15 $81.07 -7.3%$202.81 62,427 $ 4,691,667 64,624 $ 5,239,212 25 Sep 23 $44.63 $43.20 3.3%$153.05 60,295 $ 2,691,035 64,269 $ 2,776,153 25 Grand Total $ 243 $ 239 1.4%$ 272 841,779 $ 204,144,818 869,816 $ 207,936,424 26 Historical Months Total $ 393 $ 381 3.2%$ 381 436,775 $ 171,786,909 445,573 $ 169,877,909 26 On the Books Total $ 80 $ 90 -10.9%$ 156 405,004 $ 32,357,909 424,243 $ 38,058,515 26 Vail Data Tables (Winter-to-date) Res Activity Outlook as of Mar 31, 2023 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Winter Bookings: Revenue Per Available Room: YTD 2022/23 VS. YTD 2021/22 Month of Occupancy RevPAR as of Mar 31, 2023 RevPAR as of Mar 31, 2022 Percent Variance in YTD RevPAR Historic Actual RevPAR CY Room Nights Available CY Room Revenue Booked PY Room Nights Available PY Room Revenue Booked # of Properties in sample Nov 22 $89.32 $96.63 -7.6%72,866 $ 6,508,045 73,178 $ 7,071,481 26 Dec 22 $457.49 $493.42 -7.3%75,047 $ 34,333,067 76,441 $ 37,717,688 26 Jan 23 $528.10 $456.05 15.8%73,261 $ 38,689,065 75,747 $ 34,544,583 26 Feb 23 $663.35 $596.23 11.3%66,331 $ 44,000,693 68,773 $ 41,004,488 26 Mar 23 $572.07 $568.72 0.6%73,516 $ 42,056,624 75,921 $ 43,178,043 26 Apr 23 $117.81 $121.99 -3.4%$138.84 70,788 $ 8,339,502 73,507 $ 8,967,225 26 Winter Total $ 403 $ 389 3.6%$ 391 431,809 $ 173,926,996 443,567 $ 172,483,508 26 Winter Bookings: Average Daily Rate: YTD 2022/23 VS. YTD 2021/22 Month of Occupancy ADR as of Mar 31, 2023 ADR as of Mar 31, 2022 Percent Variance in YTD Adr Rate Historic Actual ADR CY Room Nights Booked CY Room Revenue Booked PY Room Nights Booked PY Room Revenue Booked # of Properties in sample Nov 22 $310.84 $319.64 -2.8%20,937 $ 6,508,045 22,123 $ 7,071,481 26 Dec 22 $790.61 $790.53 0.0%43,426 $ 34,333,067 47,712 $ 37,717,688 26 Jan 23 $758.64 $701.36 8.2%50,998 $ 38,689,065 49,254 $ 34,544,583 26 Feb 23 $841.72 $773.89 8.8%52,275 $ 44,000,693 52,985 $ 41,004,488 26 Mar 23 $787.61 $789.91 -0.3%53,398 $ 42,056,624 54,662 $ 43,178,043 26 Apr 23 $418.50 $379.23 10.4%$368.03 19,927 $ 8,339,502 23,646 $ 8,967,225 26 Winter Total $ 722 $ 689 4.8%$ 682 240,961 $ 173,926,996 250,382 $ 172,483,508 26 Winter Bookings: Occ Rate: YTD 2022/23 VS. YTD 2021/22 Month of Occupancy Occ Rate as of Mar 31, 2023 Occ Rate as of Mar 31, 2022 Occ Percent Variance in YTD Occ Rate Historic Actual Occ Rate CY Room Nights Available CY Room Nights Booked PY Room Nights Available PY Room Nights Booked # of Properties in sample Nov 22 28.7%30.2%-5.0%72,866 20,937 73,178 22,123 26 Dec 22 57.9%62.4%-7.3%75,047 43,426 76,441 47,712 26 Jan 23 69.6%65.0%7.1%73,261 50,998 75,747 49,254 26 Feb 23 78.8%77.0%2.3%66,331 52,275 68,773 52,985 26 Mar 23 72.6%72.0%0.9%73,516 53,398 75,921 54,662 26 Apr 23 28.2%32.2%-12.5%37.7%70,788 19,927 73,507 23,646 26 Winter Total 55.8%56.4%-1.1%57.3%431,809 240,961 443,567 250,382 26 Vail Data Tables (Summer-to-date) Res Activity Outlook as of Mar 31, 2023 © 2023 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Summer Bookings: Revenue Per Available Room: YTD 2022/23 VS. YTD 2021/22 Month of Occupancy RevPAR as of Mar 31, 2023 RevPAR as of Mar 31, 2022 Percent Variance in YTD RevPAR Rate Historic Actual RevPAR CY Room Nights Available CY Room Revenue Booked PY Room Nights Available PY Room Revenue Booked # of Properties in sample May 23 $21.74 $28.92 -24.8%$48.62 69,914 $ 1,520,114 74,983 $ 2,168,289 26 Jun 23 $96.88 $110.17 -12.1%$158.29 70,815 $ 6,860,842 73,322 $ 8,077,526 26 Jul 23 $116.65 $147.27 -20.8%$239.95 70,765 $ 8,254,749 73,538 $ 10,830,110 25 Aug 23 $75.15 $81.07 -7.3%$202.81 62,427 $ 4,691,667 64,624 $ 5,239,212 25 Sep 23 $44.63 $43.20 3.3%$153.05 60,295 $ 2,691,035 64,269 $ 2,776,153 25 Oct 23 Summer Total $ 72 $ 83 -13.4%$ 160 334,216 $ 24,018,407 350,736 $ 29,091,289 26 Summer Bookings: Average Daily Rate: YTD 2022/23 VS. YTD 2021/22 Month of Occupancy ADR as of Mar 31, 2023 ADR as of Mar 31, 2022 Percent Variance in YTD Adr Rate Historic Actual ADR CY Room Nights Booked CY Room Revenue Booked PY Room Nights Booked PY Room Revenue Booked # of Properties in sample May 23 $222.60 $237.46 -6.3%$235.88 6,829 $ 1,520,114 9,131 $ 2,168,289 26 Jun 23 $350.11 $323.08 8.4%$328.34 19,596 $ 6,860,842 25,002 $ 8,077,526 26 Jul 23 $408.87 $399.00 2.5%$405.82 20,189 $ 8,254,749 27,143 $ 10,830,110 25 Aug 23 $383.53 $399.12 -3.9%$388.20 12,233 $ 4,691,667 13,127 $ 5,239,212 25 Sep 23 $374.95 $328.73 14.1%$324.36 7,177 $ 2,691,035 8,445 $ 2,776,153 25 Oct 23 Summer Total $ 364 $ 351 3.6%$ 353 66,024 $ 24,018,407 82,848 $ 29,091,289 26 Summer Bookings: Occ Rate: YTD 2022/23 VS. YTD 2021/22 Month of Occupancy Occ Rate as of Mar 31, 2023 Occ Rate as of Mar 31, 2022 Occupancy Percent Variance in YTD Occ Rate Historic Actual Occ Rate CY Room Nights Available CY Room Nights Booked PY Room Nights Available PY Room Nights Booked # of Properties in sample May 23 9.8%12.2%-19.8%20.6%69,914 6,829 74,983 9,131 26 Jun 23 27.7%34.1%-18.8%48.2%70,815 19,596 73,322 25,002 26 Jul 23 28.5%36.9%-22.7%59.1%70,765 20,189 73,538 27,143 25 Aug 23 19.6%20.3%-3.5%52.2%62,427 12,233 64,624 13,127 25 Sep 23 11.9%13.1%-9.4%47.2%60,295 7,177 64,269 8,445 25 Oct 23 Summer Total 19.8%23.6%-16.4%45.3%334,216 66,024 350,736 82,848 26