HomeMy WebLinkAbout10. Vail Executive Summary 2023-12-31Destination: Vail
December (Actual) 2023 2022 December (Actual) 2023 2022
Paid Occupancy 60.6%56.9%6.4%Paid Occupancy 49.4%50.8%-2.7%
ADR $788 $821 -4.0%ADR $676 $684 -1.1%
January (On The Books) January (On The Books)
Paid Occupancy 61.8%58.7%5.2%Paid Occupancy 55.6%57.9%-3.9%
ADR $796 $794 0.3%ADR $638 $615 3.7%
February (On The Books) February (On The Books)
Paid Occupancy 57.1%58.3%-1.9%Paid Occupancy 52.3%54.9%-4.8%
ADR $892 $867 2.9%ADR $726 $694 4.7%
March (On The Books) March (On The Books)
Paid Occupancy 42.3%41.1%2.8%Paid Occupancy 36.8%37.8%-2.7%
ADR $892 $850 4.9%ADR $727 $696 4.4%
April (On The Books) April (On The Books)
Paid Occupancy 12.5%14.2%-12.0%Paid Occupancy 10.6%10.2%3.4%
ADR $374 $397 -5.7%ADR $314 $338 -6.9%
May (On The Books) May (On The Books)
Paid Occupancy 9.6%7.4%29.9%Paid Occupancy 7.6%7.4%2.7%
ADR $209 $196 6.6%ADR $300 $288 3.9%
June (On The Books) June (On The Books)
Paid Occupancy 16.2%17.3%-6.3%Paid Occupancy 17.1%19.0%-10.2%
ADR $328 $307 6.7%ADR $436 $404 7.9%
2023 2022
Year over
Year %
Difference
2023 2022
Year over
Year %
Difference
December 6.2%5.8%7.6%December 5.9%6.1%-3.8%
Bookings as of December 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
60.6%56.9%
2023 2022
Vail December Occupancy vs. Last Year
49.4%50.8%
2023 2022
DestiMetrics -Industry West December
Occupancy vs. Last Year
$788 $821
2023 2022
Vail December ADR vs. Last Year
$676 $684
2023 2022
DestiMetrics -Industry West December
ADR vs. Last Year
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