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2019_Mar_VBR Vail Business Review March 2019 May 28, 2019 The March Vail Business Review breaks down the four percent sales tax collected for the month of March and the first quarter of 2019. Overall March sales tax increased 0.4% with retail decreasing 0.7%, lodging increased 2.7%, food and beverage decreased 2.0%, and utilities/other decreased by 0.4%. Excluding the out of town category, sales tax for the month of March was up 1.1%. March results are impacted by the Easter holiday. Easter fell on April 1st in 2018 and April 21st (Vail Mountain closing day) in 2019. The first quarter of 2019 resulted in a 6.8% increase overall with retail increasing 5.9%, lodging increased 8.7%, food and beverage increased 4.8% and utilities/other increased 5.4%. Excluding the out of town category, first quarter sales tax is up 7.3%. Town of Vail sales tax forms, the Vail Business Review and sales tax worksheets 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 Carlie Smith at (970) 479-2119. Sincerely, Alex Jakubiec Sales Tax Administrator TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW MarchMarchMarchMarch Sales Tax Newsletter March 2019 Sales TaxMarch 2019 Sales TaxMarch 2019 Sales TaxMarch 2019 Sales Tax MarchMarchMarch 2018 2019 % Collections Collections Change VAIL VILLAGE Retail 632,418 615,871 -2.62 % Lodging 907,176 860,453 -5.15 % F & B 684,068 652,585 -4.60 % Other 40,967 31,389 -23.38 % Total 2,264,629 2,160,298 -4.61 % LIONSHEAD Retail 256,248 265,466 3.60 % Lodging 559,289 612,293 9.48 % F & B 162,054 180,444 11.35 % Other 4,350 4,543 4.45 % Total 981,941 1,062,746 8.23 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 218,967 214,944 -1.84 % Lodging 228,912 304,044 32.82 % F & B 94,239 88,055 -6.56 % Other 8,920 9,782 9.65 % Total 551,038 616,824 11.94 % OUT OF TOWN Retail 156,460 158,602 1.37 % Lodging 44,962 10,216 -77.28 % F & B 1,203 1,165 -3.14 % Utilities & Other 174,444 182,093 4.38 % Total 377,070 352,077 -6.63 % 5/28/2019 9:57:39 AM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW MarchMarchMarchMarch Sales Tax Newsletter March 2019 Sales TaxMarch 2019 Sales TaxMarch 2019 Sales TaxMarch 2019 Sales Tax TOTALTOTALTOTALTOTAL MarchMarchMarch 2018 2019 % Collections Collections Change Retail 1,264,093 1,254,882 -0.73 % Lodging And Property Mgmt 1,740,340 1,787,006 2.68 % Food and Beverage 941,563 922,250 -2.05 % Other 228,682 227,807 -0.38 % Total 4,174,678 4,191,946 0.41 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY MarchMarchMarch 2018 2019 % Collections Collections Change RETAIL-FOOD 169,517 175,196 3.35 % RETAIL-LIQUOR 71,149 65,853 -7.44 % RETAIL-APPAREL 217,965 212,251 -2.62 % RETAIL-SPORT 543,554 544,061 0.09 % RETAIL-JEWELRY 25,062 21,907 -12.59 % RETAIL-GIFT 5,872 5,713 -2.70 % RETAIL-GALLERY 3,379 5,787 71.26 % RETAIL-OTHER 227,438 222,188 -2.31 % RETAIL-HOME OCCUPATION 158 1,927 1,117.32 % Total 1,264,093 1,254,882 -0.73 % 5/28/2019 9:57:39 AM Page 2 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW March YTDMarch YTDMarch YTDMarch YTD Sales Tax Newsletter March YTD 2019 Sales TaxMarch YTD 2019 Sales TaxMarch YTD 2019 Sales TaxMarch YTD 2019 Sales Tax March YTDMarch YTDMarch YTD 2018 2019 % Collections Collections Change VAIL VILLAGE Retail 1,659,278 1,700,538 2.49 % Lodging 2,398,480 2,482,465 3.50 % F & B 1,870,907 1,922,514 2.76 % Other 107,678 96,392 -10.48 % Total 6,036,343 6,201,909 2.74 % LIONSHEAD Retail 720,415 774,720 7.54 % Lodging 1,692,638 1,844,646 8.98 % F & B 468,102 514,803 9.98 % Other 13,832 13,897 0.47 % Total 2,894,987 3,148,067 8.74 % CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL Retail 662,132 659,977 -0.33 % Lodging 632,148 954,073 50.93 % F & B 239,833 265,313 10.62 % Other 23,786 28,801 21.08 % Total 1,557,899 1,908,163 22.48 % OUT OF TOWN Retail 417,152 528,033 26.58 % Lodging 154,101 20,198 -86.89 % F & B 5,618 5,632 0.26 % Utilities & Other 520,741 563,031 8.12 % Total 1,097,612 1,116,894 1.76 % 5/28/2019 9:56:35 AM Page 1 of 2 TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW March YTDMarch YTDMarch YTDMarch YTD Sales Tax Newsletter March YTD 2019 Sales TaxMarch YTD 2019 Sales TaxMarch YTD 2019 Sales TaxMarch YTD 2019 Sales Tax TOTALTOTALTOTALTOTAL March YTDMarch YTDMarch YTD 2018 2019 % Collections Collections Change Retail 3,458,977 3,663,268 5.91 % Lodging And Property Mgmt 4,877,367 5,301,382 8.69 % Food and Beverage 2,584,460 2,708,262 4.79 % Other 666,038 702,122 5.42 % Total 11,586,841 12,375,033 6.80 % RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY March YTDMarch YTDMarch YTD 2018 2019 % Collections Collections Change RETAIL-FOOD 519,161 533,253 2.71 % RETAIL-LIQUOR 199,188 195,715 -1.74 % RETAIL-APPAREL 581,835 593,134 1.94 % RETAIL-SPORT 1,455,892 1,523,057 4.61 % RETAIL-JEWELRY 68,128 67,357 -1.13 % RETAIL-GIFT 16,816 19,228 14.34 % RETAIL-GALLERY 7,960 16,977 113.27 % RETAIL-OTHER 609,520 710,517 16.57 % RETAIL-HOME OCCUPATION 475 4,029 748.62 % Total 3,458,977 3,663,268 5.91 % 5/28/2019 9:56:35 AM Page 2 of 2