Loading...
HomeMy WebLinkAboutVail Reservation Activity Outlook as of 1 31 2023Executive Summary Res Activity Outlook as of Jan 31, 2023 Executive Summary Data based on a sample of up to 26 properties in the Vail destination, representing up to 2363 Units ('DestiMetrics Census'*) and 62.24% 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 (Jan) changed by (7.1%)Occupancy (Jan) :69.6%65.0%7.1% Vail ADR for last month (Jan) changed by (8.2%)ADR (Jan) :$ 759 $ 701 8.2% Vail RevPAR for last month (Jan) changed by (15.8%)RevPAR (Jan) :$ 528 $ 456 15.8% Next Month Performance: Current YTD vs. Previous YTD Vail Occupancy for next month (Feb) changed by (-0.6%)Occupancy (Feb) :74.3%74.8%-0.6% Vail ADR for next month (Feb) changed by (10.9%)ADR (Feb) :$ 827 $ 745 10.9% Vail RevPAR for next month (Feb) changed by (10.2%)RevPAR (Feb) :$ 614 $ 557 10.2% Historical past 6 months Month Actual Performance: Current YTD vs. Previous YTD Vail Occupancy for the past 6 months changed by (-2.5%)Occupancy 48.6%49.8%-2.5% Vail ADR for the past 6 months changed by (4.2%)ADR $ 519 $ 498 4.2% Vail RevPAR for the past 6 months changed by (1.6%)RevPAR $ 252 $ 248 1.6% Future 6 Month On The Books Performance: Current YTD vs. Previous YTD Vail Occupancy for the furture 6 months changed by (-6.8%)Occupancy 32.0%34.3%-6.8% Vail ADR for the future 6 months changed by (11.3%)ADR $ 670 $ 602 11.3% Vail RevPAR for the future 6 months changed by (3.8%)RevPAR $ 214 $ 206 3.8% Incremental Pacing - % Variance in Rooms Booked last Calendar Month: Jan 31, 2023 vs. Previous Year Rooms Booked during last month (Jan,23) compared to Rooms Booked during the same period last year (Jan,22) for all arrival dates has changed by (25.2%)Booking Pace (Jan)7.4%5.9%25.2% * 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 Jan 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 Jan 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 Jan 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 Jan 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 Jan 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 Jan 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 Jan 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 Jan 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 Jan 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 Jan 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 Jan 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 Jan 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 Jan 31, 2023 Occ Rate as of Jan 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 Aug 22 53.9%57.0%-5.4%75,148 40,522 75,049 42,770 26 Sep 22 50.2%48.5%3.5%72,754 36,535 72,457 35,155 25 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 74.3%74.8%-0.6%77.0%65,889 48,966 68,508 51,238 26 Mar 23 57.8%59.0%-2.2%72.0%73,214 42,286 75,412 44,521 26 Apr 23 15.1%19.0%-20.5%37.7%70,768 10,662 74,071 14,037 26 May 23 6.9%6.2%10.9%20.6%70,624 4,852 75,385 4,669 26 Jun 23 19.5%23.8%-18.2%48.2%71,113 13,868 73,096 17,430 26 Jul 23 20.4%25.9%-21.4%59.1%71,142 14,501 73,949 19,176 25 Grand Total 40.5%42.1%-3.9%51.0%867,580 351,333 888,806 374,547 26 Historical Months Total 48.6%49.8%-2.5%49.8%444,830 216,198 448,385 223,476 26 On the Books Total 32.0%34.3%-6.8%52.3%422,750 135,135 440,421 151,071 26 Vail Average Daily Rate (Most Recent Data) Res Activity Outlook as of Jan 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 Jan 31, 2023 ADR as of Jan 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 Aug 22 $374.99 $349.74 7.2%40,522 $ 15,195,497 42,770 $ 14,958,405 26 Sep 22 $307.82 $303.26 1.5%36,535 $ 11,246,359 35,155 $ 10,661,237 25 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 $826.70 $745.15 10.9%$773.89 48,966 $ 40,479,957 51,238 $ 38,179,918 26 Mar 23 $795.72 $774.05 2.8%$789.91 42,286 $ 33,647,696 44,521 $ 34,461,395 26 Apr 23 $458.00 $361.93 26.5%$368.03 10,662 $ 4,883,184 14,037 $ 5,080,439 26 May 23 $214.97 $232.68 -7.6%$235.88 4,852 $ 1,043,015 4,669 $ 1,086,386 26 Jun 23 $345.89 $298.56 15.9%$328.34 13,868 $ 4,796,864 17,430 $ 5,203,984 26 Jul 23 $393.85 $360.38 9.3%$405.82 14,501 $ 5,711,157 19,176 $ 6,910,658 25 Grand Total $ 577 $ 540 6.9%$ 527 351,333 $ 202,733,321 374,547 $ 202,237,800 26 Historical Months Total $ 519 $ 498 4.2%$ 498 216,198 $ 112,171,448 223,476 $ 111,315,020 26 On the Books Total $ 670 $ 602 11.3%$ 554 135,135 $ 90,561,873 151,071 $ 90,922,780 26 Vail Revenue Per Available Room (Most Recent Data) Res Activity Outlook as of Jan 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 Jan 31, 2023 RevPAR as of Jan 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 Aug 22 $202.21 $199.32 1.5%75,148 $ 15,195,497 75,049 $ 14,958,405 26 Sep 22 $154.58 $147.14 5.1%72,754 $ 11,246,359 72,457 $ 10,661,237 25 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 $614.37 $557.31 10.2%$596.23 65,889 $ 40,479,957 68,508 $ 38,179,918 26 Mar 23 $459.58 $456.97 0.6%$568.72 73,214 $ 33,647,696 75,412 $ 34,461,395 26 Apr 23 $69.00 $68.59 0.6%$138.84 70,768 $ 4,883,184 74,071 $ 5,080,439 26 May 23 $14.77 $14.41 2.5%$48.62 70,624 $ 1,043,015 75,385 $ 1,086,386 26 Jun 23 $67.45 $71.19 -5.3%$158.29 71,113 $ 4,796,864 73,096 $ 5,203,984 26 Jul 23 $80.28 $93.45 -14.1%$239.95 71,142 $ 5,711,157 73,949 $ 6,910,658 25 Grand Total $ 234 $ 228 2.7%$ 269 867,580 $ 202,733,321 888,806 $ 202,237,800 26 Historical Months Total $ 252 $ 248 1.6%$ 248 444,830 $ 112,171,448 448,385 $ 111,315,020 26 On the Books Total $ 214 $ 206 3.8%$ 290 422,750 $ 90,561,873 440,421 $ 90,922,780 26 Vail Data Tables (Winter-to-date) Res Activity Outlook as of Jan 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 Jan 31, 2023 RevPAR as of Jan 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 $614.37 $557.31 10.2%$596.23 65,889 $ 40,479,957 68,508 $ 38,179,918 26 Mar 23 $459.58 $456.97 0.6%$568.72 73,214 $ 33,647,696 75,412 $ 34,461,395 26 Apr 23 $69.00 $68.59 0.6%$138.84 70,768 $ 4,883,184 74,071 $ 5,080,439 26 Winter Total $ 368 $ 354 3.8%$ 391 431,045 $ 158,541,014 443,357 $ 157,055,503 26 Winter Bookings: Average Daily Rate: YTD 2022/23 VS. YTD 2021/22 Month of Occupancy ADR as of Jan 31, 2023 ADR as of Jan 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 $826.70 $745.15 10.9%$773.89 48,966 $ 40,479,957 51,238 $ 38,179,918 26 Mar 23 $795.72 $774.05 2.8%$789.91 42,286 $ 33,647,696 44,521 $ 34,461,395 26 Apr 23 $458.00 $361.93 26.5%$368.03 10,662 $ 4,883,184 14,037 $ 5,080,439 26 Winter Total $ 730 $ 686 6.3%$ 682 217,275 $ 158,541,014 228,885 $ 157,055,503 26 Winter Bookings: Occ Rate: YTD 2022/23 VS. YTD 2021/22 Month of Occupancy Occ Rate as of Jan 31, 2023 Occ Rate as of Jan 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 74.3%74.8%-0.6%77.0%65,889 48,966 68,508 51,238 26 Mar 23 57.8%59.0%-2.2%72.0%73,214 42,286 75,412 44,521 26 Apr 23 15.1%19.0%-20.5%37.7%70,768 10,662 74,071 14,037 26 Winter Total 50.4%51.6%-2.4%57.3%431,045 217,275 443,357 228,885 26 Vail Data Tables (Summer-to-date) Res Activity Outlook as of Jan 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 Jan 31, 2023 RevPAR as of Jan 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 $14.77 $14.41 2.5%$48.62 70,624 $ 1,043,015 75,385 $ 1,086,386 26 Jun 23 $67.45 $71.19 -5.3%$158.29 71,113 $ 4,796,864 73,096 $ 5,203,984 26 Jul 23 $80.28 $93.45 -14.1%$239.95 71,142 $ 5,711,157 73,949 $ 6,910,658 25 Aug 23 Sep 23 Oct 23 Summer Total $ 54 $ 59 -8.6%$ 149 212,879 $ 11,551,036 222,430 $ 13,201,029 26 Summer Bookings: Average Daily Rate: YTD 2022/23 VS. YTD 2021/22 Month of Occupancy ADR as of Jan 31, 2023 ADR as of Jan 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 $214.97 $232.68 -7.6%$235.88 4,852 $ 1,043,015 4,669 $ 1,086,386 26 Jun 23 $345.89 $298.56 15.9%$328.34 13,868 $ 4,796,864 17,430 $ 5,203,984 26 Jul 23 $393.85 $360.38 9.3%$405.82 14,501 $ 5,711,157 19,176 $ 6,910,658 25 Aug 23 Sep 23 Oct 23 Summer Total $ 348 $ 320 8.7%$ 349 33,221 $ 11,551,036 41,275 $ 13,201,029 26 Summer Bookings: Occ Rate: YTD 2022/23 VS. YTD 2021/22 Month of Occupancy Occ Rate as of Jan 31, 2023 Occ Rate as of Jan 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 6.9%6.2%10.9%20.6%70,624 4,852 75,385 4,669 26 Jun 23 19.5%23.8%-18.2%48.2%71,113 13,868 73,096 17,430 26 Jul 23 20.4%25.9%-21.4%59.1%71,142 14,501 73,949 19,176 25 Aug 23 Sep 23 Oct 23 Summer Total 15.6%18.6%-15.9%42.7%212,879 33,221 222,430 41,275 26