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
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