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HomeMy WebLinkAbout4. 2016_August_VBR Vail Business Review August 2016 October 11, 2016 The August Vail Business Review breaks down the four percent sales tax collected for August. Overall August sales tax increased 3.7% with Retail increasing 2.8%, Lodging increased 6.6%, Food and Beverage increased 2.9% and Utilities/Other (which is mainly utilities but also includes taxable services and rentals) increased .3%. Excluding the Out of Town category, sales tax for the month of August was up 4.9%. Electronic filing and payment of Vail sales tax is now an option. Please visit www.vailgov.com/epay Town of Vail sales tax forms, the Vail Business Review and the sales tax worksheet are available on the internet at www.vailgov.com. You can subscribe to have the Vail Business Review and the sales tax worksheet e-mailed to you automatically from www.vailgov.com. Please remember when reading the Vail Business Review that it is produced from sales tax collections, as opposed to actual gross sales. If you have any questions or comments please feel free to call me at (970) 479-2125 or Kathleen Halloran at (970) 479-2116. Sincerely, Sally Lorton Sales Tax Administrator TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW AugustAugustAugustAugust Sales Tax Newsletter August 2016 Sales TaxAugust 2016 Sales TaxAugust 2016 Sales TaxAugust 2016 Sales Tax AugustAugustAugust 2015 2016 % Collections Collections Change VAIL VILLAGE Retail 256,683 273,237 6.45 % Lodging 250,311 278,626 11.31 % F & B 355,474 393,999 10.84 % Other 8,890 11,256 26.62 % Total 871,357 957,118 9.84 % LIONSHEAD Retail 68,624 72,808 6.10 % Lodging 131,091 172,205 31.36 % F & B 89,504 88,895 -0.68 % Other 2,409 6,542 171.54 % Total 291,628 340,451 16.74 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 160,848 162,025 0.73 % Lodging 79,016 39,557 -49.94 % F & B 68,043 44,641 -34.39 % Other 7,881 7,080 -10.16 % Total 315,787 253,303 -19.79 % OUT OF TOWN Retail 98,093 92,474 -5.73 % Lodging 13,822 15,338 10.97 % F & B 769 928 20.70 % Utilities & Other 112,110 106,844 -4.70 % Total 224,794 215,585 -4.10 % 10/11/2016 1:56:29 PM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW AugustAugustAugustAugust Sales Tax Newsletter August 2016 Sales TaxAugust 2016 Sales TaxAugust 2016 Sales TaxAugust 2016 Sales Tax TOTALTOTALTOTALTOTAL AugustAugustAugust 2015 2016 % Collections Collections Change Retail 584,248 600,544 2.79 % Lodging And Property Mgmt 474,239 505,727 6.64 % Food and Beverage 513,789 528,463 2.86 % Other 131,290 131,722 0.33 % Total 1,703,566 1,766,456 3.69 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY AugustAugustAugust 2015 2016 % Collections Collections Change RETAIL-FOOD 132,306 140,399 6.12 % RETAIL-LIQUOR 40,216 41,508 3.21 % RETAIL-APPAREL 130,630 143,198 9.62 % RETAIL-SPORT 105,656 108,472 2.67 % RETAIL-JEWELRY 27,621 25,754 -6.76 % RETAIL-GIFT 5,763 6,708 16.40 % RETAIL-GALLERY 4,463 3,435 -23.03 % RETAIL-OTHER 137,551 131,070 -4.71 % RETAIL-HOME OCCUPATION 42 0 -100.00 % Total 584,248 600,544 2.79 % 10/11/2016 1:56:29 PM Page 2 of 2