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HomeMy WebLinkAbout09. Vail Reservation Activity Outlooks as of 2023-10-31Executive Summary Res Activity Outlook as of Oct 31, 2023 Executive Summary Data based on a sample of up to 25 properties in the Vail destination, representing up to 2346 Units ('DestiMetrics Census'*) and 61.80% of 3797 total units in the Vail destination ('Destination Census'**) Last Month Performance: Current YTD vs. Previous YTD 2023/24 2022/23 Year over Year % Variance Vail Occupancy for last month (Oct) changed by (-0.7%)Occupancy (Oct) :30.1%30.3%-0.7% Vail ADR for last month (Oct) changed by (-4.8%)ADR (Oct) :$ 255 $ 268 -4.8% Vail RevPAR for last month (Oct) changed by (-5.5%)RevPAR (Oct) :$ 77 $ 81 -5.5% Next Month Performance: Current YTD vs. Previous YTD Vail Occupancy for next month (Nov) changed by (4.4%)Occupancy (Nov) :22.7%21.7%4.4% Vail ADR for next month (Nov) changed by (-2.0%)ADR (Nov) :$ 311 $ 317 -2.0% Vail RevPAR for next month (Nov) changed by (2.4%)RevPAR (Nov) :$ 71 $ 69 2.4% Historical past 6 months Month Actual Performance: Current YTD vs. Previous YTD Vail Occupancy for the past 6 months changed by (-0.5%)Occupancy 42.5%42.8%-0.5% Vail ADR for the past 6 months changed by (-0.4%)ADR $ 345 $ 346 -0.4% Vail RevPAR for the past 6 months changed by (-0.9%)RevPAR $ 147 $ 148 -0.9% Future 6 Month On The Books Performance: Current YTD vs. Previous YTD Vail Occupancy for the furture 6 months changed by (4.1%)Occupancy 31.2%30.0%4.1% Vail ADR for the future 6 months changed by (1.4%)ADR $ 752 $ 741 1.4% Vail RevPAR for the future 6 months changed by (5.6%)RevPAR $ 235 $ 222 5.6% Incremental Pacing - % Variance in Rooms Booked last Calendar Month: Oct 31, 2023 vs. Previous Year Rooms Booked during last month (Oct,23) compared to Rooms Booked during the same period last year (Oct,22) for all arrival dates has changed by (-7.4%)Booking Pace (Oct)6.9%7.5%-7.4% * 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 Oct 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 Oct 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 Oct 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 2023/24 vs 2022/23 © 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 Oct 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 Oct 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 Oct 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 as of Oct 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 (Winter-to-date) Res Activity Outlook as of Oct 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 Oct 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 Oct 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 2023/24 vs 2022/23 © 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 Oct 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 Oct 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 2023/24 VS. YTD 2022/23 Month of Occupancy Occ Rate as of Oct 31, 2023 Occ Rate as of Oct 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 May 23 16.7%19.2%-12.8%65,799 11,006 69,050 13,238 24 Jun 23 46.0%46.9%-2.0%69,671 32,014 72,460 33,989 25 Jul 23 61.4%57.6%6.7%69,085 42,451 72,853 41,951 24 Aug 23 54.0%52.5%2.9%70,724 38,221 74,063 38,886 25 Sep 23 46.1%49.0%-6.0%70,635 32,561 72,364 35,488 25 Oct 23 30.1%30.3%-0.7%72,739 21,879 74,669 22,613 25 Nov 23 22.7%21.7%4.4%28.1%68,368 15,515 71,609 15,561 25 Dec 23 41.3%37.9%9.0%57.0%70,754 29,231 73,097 27,693 25 Jan 24 43.6%38.9%12.2%68.7%70,749 30,858 72,990 28,379 25 Feb 24 42.6%41.7%2.0%78.0%65,819 28,017 65,821 27,458 25 Mar 24 28.1%28.6%-1.7%71.7%70,011 19,690 72,852 20,839 25 Apr 24 8.8%11.3%-22.1%33.2%68,733 6,049 69,887 7,898 25 Grand Total 36.9%36.4%1.3%49.3%833,087 307,492 861,715 313,993 25 Historical Months Total 42.5%42.8%-0.5%42.8%418,653 178,132 435,459 186,165 25 On the Books Total 31.2%30.0%4.1%55.9%414,434 129,360 426,256 127,828 25 Vail Average Daily Rate (Most Recent Data) Res Activity Outlook as of Oct 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 2023/24 VS. YTD 2022/23 Month of Occupancy ADR as of Oct 31, 2023 ADR as of Oct 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 May 23 $264.47 $248.52 6.4%11,006 $ 2,910,765 13,238 $ 3,289,882 24 Jun 23 $330.47 $336.80 -1.9%32,014 $ 10,579,826 33,989 $ 11,447,372 25 Jul 23 $404.14 $417.80 -3.3%42,451 $ 17,155,990 41,951 $ 17,527,295 24 Aug 23 $369.62 $385.19 -4.0%38,221 $ 14,127,063 38,886 $ 14,978,622 25 Sep 23 $341.18 $315.32 8.2%32,561 $ 11,109,270 35,488 $ 11,190,234 25 Oct 23 $255.32 $268.24 -4.8%21,879 $ 5,586,064 22,613 $ 6,065,659 25 Nov 23 $310.75 $316.99 -2.0%$318.45 15,515 $ 4,821,267 15,561 $ 4,932,677 25 Dec 23 $817.67 $867.38 -5.7%$805.93 29,231 $ 23,901,246 27,693 $ 24,020,455 25 Jan 24 $802.31 $795.19 0.9%$770.13 30,858 $ 24,757,827 28,379 $ 22,566,570 25 Feb 24 $858.29 $843.24 1.8%$854.24 28,017 $ 24,046,725 27,458 $ 23,153,751 25 Mar 24 $895.10 $821.09 9.0%$800.35 19,690 $ 17,624,485 20,839 $ 17,110,611 25 Apr 24 $344.40 $374.04 -7.9%$403.24 6,049 $ 2,083,283 7,898 $ 2,954,171 25 Grand Total $ 516 $ 507 1.8%$ 560 307,492 $ 158,703,811 313,993 $ 159,237,298 25 Historical Months Total $ 345 $ 346 -0.4%$ 346 178,132 $ 61,468,979 186,165 $ 64,499,063 25 On the Books Total $ 752 $ 741 1.4%$ 727 129,360 $ 97,234,832 127,828 $ 94,738,235 25 Vail Revenue Per Available Room (Most Recent Data) Res Activity Outlook as of Oct 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 2023/24 VS. YTD 2022/23 Month of Occupancy RevPAR as of Oct 31, 2023 RevPAR as of Oct 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 May 23 $44.24 $47.64 -7.2%65,799 $ 2,910,765 69,050 $ 3,289,882 24 Jun 23 $151.85 $157.98 -3.9%69,671 $ 10,579,826 72,460 $ 11,447,372 25 Jul 23 $248.33 $240.58 3.2%69,085 $ 17,155,990 72,853 $ 17,527,295 24 Aug 23 $199.75 $202.24 -1.2%70,724 $ 14,127,063 74,063 $ 14,978,622 25 Sep 23 $157.28 $154.64 1.7%70,635 $ 11,109,270 72,364 $ 11,190,234 25 Oct 23 $76.80 $81.23 -5.5%72,739 $ 5,586,064 74,669 $ 6,065,659 25 Nov 23 $70.52 $68.88 2.4%$89.42 68,368 $ 4,821,267 71,609 $ 4,932,677 25 Dec 23 $337.81 $328.61 2.8%$459.06 70,754 $ 23,901,246 73,097 $ 24,020,455 25 Jan 24 $349.94 $309.17 13.2%$529.19 70,749 $ 24,757,827 72,990 $ 22,566,570 25 Feb 24 $365.35 $351.77 3.9%$666.10 65,819 $ 24,046,725 65,821 $ 23,153,751 25 Mar 24 $251.74 $234.87 7.2%$574.15 70,011 $ 17,624,485 72,852 $ 17,110,611 25 Apr 24 $30.31 $42.27 -28.3%$133.81 68,733 $ 2,083,283 69,887 $ 2,954,171 25 Grand Total $ 191 $ 185 3.1%$ 276 833,087 $ 158,703,811 861,715 $ 159,237,298 25 Historical Months Total $ 147 $ 148 -0.9%$ 148 418,653 $ 61,468,979 435,459 $ 64,499,063 25 On the Books Total $ 235 $ 222 5.6%$ 407 414,434 $ 97,234,832 426,256 $ 94,738,235 25 Vail Data Tables (Summer-to-date) Res Activity Outlook as of Oct 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 2023/24 VS. YTD 2022/23 Month of Occupancy RevPAR as of Oct 31, 2023 RevPAR as of Oct 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 May 23 $44.24 $47.64 -7.2%65,799 $ 2,910,765 69,050 $ 3,289,882 24 Jun 23 $151.85 $157.98 -3.9%69,671 $ 10,579,826 72,460 $ 11,447,372 25 Jul 23 $248.33 $240.58 3.2%69,085 $ 17,155,990 72,853 $ 17,527,295 24 Aug 23 $199.75 $202.24 -1.2%70,724 $ 14,127,063 74,063 $ 14,978,622 25 Sep 23 $157.28 $154.64 1.7%70,635 $ 11,109,270 72,364 $ 11,190,234 25 Oct 23 $76.80 $81.23 -5.5%72,739 $ 5,586,064 74,669 $ 6,065,659 25 Summer Total $ 147 $ 148 -0.9%$ 148 418,653 $ 61,468,979 435,459 $ 64,499,063 25 Summer Bookings: Average Daily Rate: YTD 2023/24 VS. YTD 2022/23 Month of Occupancy ADR as of Oct 31, 2023 ADR as of Oct 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 $264.47 $248.52 6.4%11,006 $ 2,910,765 13,238 $ 3,289,882 24 Jun 23 $330.47 $336.80 -1.9%32,014 $ 10,579,826 33,989 $ 11,447,372 25 Jul 23 $404.14 $417.80 -3.3%42,451 $ 17,155,990 41,951 $ 17,527,295 24 Aug 23 $369.62 $385.19 -4.0%38,221 $ 14,127,063 38,886 $ 14,978,622 25 Sep 23 $341.18 $315.32 8.2%32,561 $ 11,109,270 35,488 $ 11,190,234 25 Oct 23 $255.32 $268.24 -4.8%21,879 $ 5,586,064 22,613 $ 6,065,659 25 Summer Total $ 345 $ 346 -0.4%$ 346 178,132 $ 61,468,979 186,165 $ 64,499,063 25 Summer Bookings: Occ Rate: YTD 2023/24 VS. YTD 2022/23 Month of Occupancy Occ Rate as of Oct 31, 2023 Occ Rate as of Oct 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 May 23 16.7%19.2%-12.8%65,799 11,006 69,050 13,238 24 Jun 23 46.0%46.9%-2.0%69,671 32,014 72,460 33,989 25 Jul 23 61.4%57.6%6.7%69,085 42,451 72,853 41,951 24 Aug 23 54.0%52.5%2.9%70,724 38,221 74,063 38,886 25 Sep 23 46.1%49.0%-6.0%70,635 32,561 72,364 35,488 25 Oct 23 30.1%30.3%-0.7%72,739 21,879 74,669 22,613 25 Summer Total 42.5%42.8%-0.5%42.8%418,653 178,132 435,459 186,165 25 Vail Data Tables (Winter-to-date) Res Activity Outlook as of Oct 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 2023/24 VS. YTD 2022/23 Month of Occupancy RevPAR as of Oct 31, 2023 RevPAR as of Oct 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 Nov 23 $70.52 $68.88 2.4%$89.42 68,368 $ 4,821,267 71,609 $ 4,932,677 25 Dec 23 $337.81 $328.61 2.8%$459.06 70,754 $ 23,901,246 73,097 $ 24,020,455 25 Jan 24 $349.94 $309.17 13.2%$529.19 70,749 $ 24,757,827 72,990 $ 22,566,570 25 Feb 24 $365.35 $351.77 3.9%$666.10 65,819 $ 24,046,725 65,821 $ 23,153,751 25 Mar 24 $251.74 $234.87 7.2%$574.15 70,011 $ 17,624,485 72,852 $ 17,110,611 25 Apr 24 $30.31 $42.27 -28.3%$133.81 68,733 $ 2,083,283 69,887 $ 2,954,171 25 Winter Total $ 235 $ 222 5.6%$ 407 414,434 $ 97,234,832 426,256 $ 94,738,235 25 Winter Bookings: Average Daily Rate: YTD 2023/24 VS. YTD 2022/23 Month of Occupancy ADR as of Oct 31, 2023 ADR as of Oct 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 23 $310.75 $316.99 -2.0%$318.45 15,515 $ 4,821,267 15,561 $ 4,932,677 25 Dec 23 $817.67 $867.38 -5.7%$805.93 29,231 $ 23,901,246 27,693 $ 24,020,455 25 Jan 24 $802.31 $795.19 0.9%$770.13 30,858 $ 24,757,827 28,379 $ 22,566,570 25 Feb 24 $858.29 $843.24 1.8%$854.24 28,017 $ 24,046,725 27,458 $ 23,153,751 25 Mar 24 $895.10 $821.09 9.0%$800.35 19,690 $ 17,624,485 20,839 $ 17,110,611 25 Apr 24 $344.40 $374.04 -7.9%$403.24 6,049 $ 2,083,283 7,898 $ 2,954,171 25 Winter Total $ 752 $ 741 1.4%$ 727 129,360 $ 97,234,832 127,828 $ 94,738,235 25 Winter Bookings: Occ Rate: YTD 2023/24 VS. YTD 2022/23 Month of Occupancy Occ Rate as of Oct 31, 2023 Occ Rate as of Oct 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 Nov 23 22.7%21.7%4.4%28.1%68,368 15,515 71,609 15,561 25 Dec 23 41.3%37.9%9.0%57.0%70,754 29,231 73,097 27,693 25 Jan 24 43.6%38.9%12.2%68.7%70,749 30,858 72,990 28,379 25 Feb 24 42.6%41.7%2.0%78.0%65,819 28,017 65,821 27,458 25 Mar 24 28.1%28.6%-1.7%71.7%70,011 19,690 72,852 20,839 25 Apr 24 8.8%11.3%-22.1%33.2%68,733 6,049 69,887 7,898 25 Winter Total 31.2%30.0%4.1%55.9%414,434 129,360 426,256 127,828 25