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HomeMy WebLinkAbout06. Vail Executive Summary as of 2023-09-30Destination: Vail September (Actual) 2023 2022 September (Actual) 2023 2022 Paid Occupancy 46.1%49.0%-6.0%Paid Occupancy 51.3%52.4%-2.2% ADR $341 $315 8.2%ADR $364 $360 1.2% October (On The Books) October (On The Books) Paid Occupancy 24.0%22.9%4.7%Paid Occupancy 27.9%27.8%0.2% ADR $265 $275 -3.6%ADR $285 $287 -0.9% November (On The Books) November (On The Books) Paid Occupancy 15.0%14.1%5.9%Paid Occupancy 13.0%12.9%0.9% ADR $327 $320 2.1%ADR $287 $278 3.2% December (On The Books) December (On The Books) Paid Occupancy 31.7%28.9%9.5%Paid Occupancy 26.3%25.8%2.0% ADR $870 $903 -3.7%ADR $764 $785 -2.7% January (On The Books) January (On The Books) Paid Occupancy 36.6%31.3%17.0%Paid Occupancy 31.8%31.7%0.4% ADR $805 $805 -0.1%ADR $689 $654 5.4% February (On The Books) February (On The Books) Paid Occupancy 36.5%33.6%8.7%Paid Occupancy 31.3%32.2%-2.7% ADR $875 $863 1.4%ADR $760 $730 4.2% March (On The Books) March (On The Books) Paid Occupancy 23.1%23.3%-1.0%Paid Occupancy 20.4%21.3%-4.5% ADR $891 $815 9.3%ADR $736 $690 6.8% 2023 2022 Year over Year % Difference 2023 2022 Year over Year % Difference September 6.5%6.9%-5.9%September 6.4%6.3%1.5% Bookings as of September 30, 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 46.1% 49.0% 2023 2022 Vail September Occupancy vs. Last Year 51.3%52.4% 2023 2022 DestiMetrics - Industry West September Occupancy vs. Last Year $341 $315 2023 2022 Vail September ADR vs. Last Year $364 $360 2023 2022 DestiMetrics - Industry West September 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