HomeMy WebLinkAbout08. Vail Executive Summary as of 2023-08-31Destination: Vail
August (Actual) 2023 2022 August (Actual) 2023 2022
Paid Occupancy 54.0%52.5%2.9%Paid Occupancy 53.6%54.7%-2.0%
ADR $370 $385 -4.0%ADR $415 $417 -0.5%
September (On The Books) September (On The Books)
Paid Occupancy 44.6%42.9%4.1%Paid Occupancy 45.1%46.0%-1.9%
ADR $305 $309 -1.3%ADR $367 $366 0.3%
October (On The Books) October (On The Books)
Paid Occupancy 15.8%17.0%-6.6%Paid Occupancy 20.1%20.9%-3.7%
ADR $267 $263 1.3%ADR $294 $290 1.4%
November (On The Books) November (On The Books)
Paid Occupancy 9.0%8.4%7.0%Paid Occupancy 9.1%8.8%2.7%
ADR $357 $354 1.1%ADR $292 $285 2.3%
December (On The Books) December (On The Books)
Paid Occupancy 23.9%20.8%15.1%Paid Occupancy 20.0%19.7%1.9%
ADR $891 $921 -3.2%ADR $789 $792 -0.4%
January (On The Books) January (On The Books)
Paid Occupancy 30.3%23.8%27.3%Paid Occupancy 24.9%25.2%-1.0%
ADR $794 $810 -1.9%ADR $705 $653 7.9%
February (On The Books) February (On The Books)
Paid Occupancy 28.8%25.8%11.8%Paid Occupancy 24.8%25.2%-1.6%
ADR $860 $873 -1.5%ADR $761 $725 5.1%
2023 2022
Year over
Year %
Difference
2023 2022
Year over
Year %
Difference
August 6.0%5.6%7.0%August 5.8%5.9%-1.8%
Bookings as of August 31, 2023
Data based on a sample of up to 27 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
54.0%52.5%
2023 2022
Vail August Occupancy vs. Last Year
53.6%54.7%
2023 2022
DestiMetrics - Industry West August
Occupancy vs. Last Year
$370 $385
2023 2022
Vail August ADR vs. Last Year
$415 $417
2023 2022
DestiMetrics - Industry West August
ADR vs. Last Year
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