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Home My WebLink About13. Vail Economic Advisory Council - 2.12.19 v1Vail Economic Advisory Council February 12, 2019 Data as of January 31, 2019 Presented by Katie Barnes Montaneros Sitzmark Lodge Sonnenalp Resort of Vail The Sebastian The Wren Tivoli Lodge Vail International Condos Vail Mountain Lodge Vail Racquet Club Vail Spa Condominiums Vail Marriott The Lodge at Vail The Ritz-Carlton Residences 2 Antlers at Vail Arrabelle at Vail Square Christiania Lodge & Christiania Condos Destination Resorts Vail Vail Residences at Hotel Talisa Evergreen Lodge at Vail Four Seasons Resort Vail Hotel Talisa iTrip - Vail Lion Square Lodge Lodge at Lionshead Lodge Tower •Manor Vail Resort 27 Vail Submitting Properties •Aspen •Avon, Colorado •Breckenridge •Beaver Creek •Big Sky •Copper •Gunnison/Crested Butte •Keystone •Jackson Hole •Jackson Hole •North Lake Tahoe •Snowmass •Steamboat •Park City Area •Summit County, CO •Sun Valley •Telluride •Vail •Winter Park Participating Destinations 3 Reports with data as of January 31, 2019 include 27 properties representing 2,465 units 65% of total community census 4 Vail Property Participation 5 Vail Occupancy Winter 2018/19 -1% +11% +11% +6% -31% -1% Industry +6% +3% 6 Vail ADR Winter 2018/19 -4% -2% -11% 5% 0% -6% -4% Industry 0% 7 Vail RevPAR Winter 2018/19 -5% +8% -1% +6% -7% -27% Industry +6% -1% 8 Vail Change in Occupancy & ADR Winter 2018/19 9 Vail Fill Analysis as of 1/31/19 Winter 2018/19 10 Vail Fill Analysis as of 12/31/18 Winter 2018/19 11 Vail vs. Industry – Occupancy Winter 18/19 12 Vail vs. Industry – YOY Chg in Occupancy Winter 18/19 13 Vail vs. Industry – Rate Winter 18/19 14 Vail vs. Industry – YOY Chg in Rate Winter 18/19 15 Vail vs. Industry - RevPAR Winter 18/19 16 Vail vs. Industry – YOY Chg in RevPAR Winter 18/19 17 Vail Winter ADR Performance & YOY Change -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% $- $100.00 $200.00 $300.00 $400.00 $500.00 $600.00 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 YTD Vail ADR Vail YOY % Chg in ADR 18 Vail Winter Seeaon YOY Change in Room Nights Available & Room Nights Booked 2018/19 2017/18 YOY Change Room Nights Available 443,407 429,313 3.2% Room Nights Booked 203,164 190,713 6.1% Occupancy 42.66% 41.07% 3.7% 19 Vail Daily Occupancy Report Winter 2018/19 as of 1/31/19 20 Vail Daily Occupancy Report Winter 2018/19 as of 1/31/19 Easter 2018 Burton US Open 2019 Shift in MLK Vail Snow Daze 2019 FBLA 2018 Burton US Open 2018 21 Vail Occupancy Summer 2019 -15% -2% +22% 4% Industry -4% 22 Vail ADR Summer 2018 6% 6% 0% 1% Industry +3% 0% 23 Vail RevPAR Summer 2018 -19% +20% +1% 6% Industry -1% 24 Vail vs. Industry - Occupancy Summer 2019 25 Vail vs. Industry – YOY Chg Occupancy Summer 2019 26 Vail vs. Industry - Rate Summer 2019 27 Vail vs. Industry – YOY Chg in Rate Summer 2019 28 Vail vs. Industry - RevPAR Summer 2019 29 Vail vs. Industry - RevPAR Summer 2019 30 Vail Daily Occupancy Report Summer 2019 31 Vail Economic Indicators | Summer 2018 Summer 2018 Tourism YOY Change Real Estate YOY Change Occupancy -3.3% # of transactions 12.5% Average Daily Rate 2.3% Ave Sales Price 4.1% Golf Course -15.2% Total Gross Sales 22.5% Parking in Structures 7.6% # of residential properties sold 11.7% # of Days Parking Structures Full -22.7% Macro Econ DEN Deplanements 19.2% Consumer confidence 9.6% EGE Deplanements 16.5% Unemployment 8.8% EGE Seats Available 3.7% Banking Deposits 3.1% Tunnel Traffic 5.1% Gas prices 19.6% Thank You!