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HomeMy WebLinkAbout07. Vail Executive Summary 2024-02-29Destination: Vail February (Actual) 2024 2023 February (Actual) 2024 2023 Paid Occupancy 73.9%78.0%-5.2%Paid Occupancy 69.2%71.6%-3.3% ADR $866 $854 1.4%ADR $698 $684 2.1% March (On The Books) March (On The Books) Paid Occupancy 64.7%65.1%-0.7%Paid Occupancy 58.4%60.2%-3.1% ADR $833 $776 7.3%ADR $691 $649 6.5% April (On The Books) April (On The Books) Paid Occupancy 18.4%17.4%5.7%Paid Occupancy 17.4%18.0%-3.3% ADR $365 $425 -14.1%ADR $318 $340 -6.7% May (On The Books) May (On The Books) Paid Occupancy 11.3%8.9%26.5%Paid Occupancy 11.7%11.3%3.7% ADR $216 $227 -4.9%ADR $296 $292 1.6% June (On The Books) June (On The Books) Paid Occupancy 24.2%23.6%2.6%Paid Occupancy 26.1%26.8%-2.5% ADR $331 $347 -4.6%ADR $438 $421 4.1% July (On The Books) July (On The Books) Paid Occupancy 25.5%23.7%8.0%Paid Occupancy 27.4%27.8%-1.5% ADR $401 $414 -3.0%ADR $473 $469 1.0% August (On The Books) August (On The Books) Paid Occupancy 15.5%18.8%-17.2%Paid Occupancy 18.9%18.5%1.8% ADR $390 $374 4.5%ADR $473 $444 6.4% 2024 2023 Year over Year % Difference 2024 2023 Year over Year % Difference February 5.3%3.9%34.0%February 5.8%4.7%23.2% Bookings as of February 29, 2024 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 73.9%78.0% 2024 2023 Vail February Occupancy vs. Last Year 69.2%71.6% 2024 2023 DestiMetrics -Industry West February Occupancy vs. Last Year $866 $854 2024 2023 Vail February ADR vs. Last Year $698 $684 2024 2023 DestiMetrics -Industry West February ADR vs. Last Year Copyright (c) 2024, Sterling Valley Systems All Rights Reserved. Confidential Information not for reproduction and protected by law. DestiMetrics@Inntopia.com www.Inntopia.com