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HomeMy WebLinkAbout09. Vail RAO as of June 30 2019Executive Summary Res Activity Outlook as of Jun 30, 2019 Executive Summary Data based on a sample of up to 27 properties in the Vail destination, representing up to 2426 Units ('DestiMetrics Census'*) and 63.90% of 3797 total units in the Vail destination ('Destination Census'**) Last Month Performance: Current YTD vs. Previous YTD 2019 2018 Year over Year % Variance Vail Occupancy for last month (Jun) changed by (-13.1%)Occupancy (Jun) :49.9%57.4%-13.1% Vail ADR for last month (Jun) changed by (-1.4%)ADR (Jun) :$ 227 $ 230 -1.4% Vail RevPAR for last month (Jun) changed by (-14.3%)RevPAR (Jun) :$ 113 $ 132 -14.3% Next Month Performance: Current YTD vs. Previous YTD Vail Occupancy for next month (Jul) changed by (-6.8%)Occupancy (Jul) :53.4%57.3%-6.8% Vail ADR for next month (Jul) changed by (-2.0%)ADR (Jul) :$ 289 $ 295 -2.0% Vail RevPAR for next month (Jul) changed by (-8.7%)RevPAR (Jul) :$ 154 $ 169 -8.7% Historical past 6 months Month Actual Performance: Current YTD vs. Previous YTD Vail Occupancy for the past 6 months changed by (-0.7%)Occupancy 51.9%52.3%-0.7% Vail ADR for the past 6 months changed by (0.7%)ADR $ 480 $ 476 0.7% Vail RevPAR for the past 6 months changed by (0.1%)RevPAR $ 249 $ 249 0.1% Future 6 Month On The Books Performance: Current YTD vs. Previous YTD Vail Occupancy for the furture 6 months changed by (-8.7%)Occupancy 22.9%25.1%-8.7% Vail ADR for the future 6 months changed by (1.1%)ADR $ 307 $ 303 1.1% Vail RevPAR for the future 6 months changed by (-7.7%)RevPAR $ 70 $ 76 -7.7% Incremental Pacing - % Variance in Rooms Booked last Calendar Month: Jun 30, 2019 vs. Previous Year Rooms Booked during last month (Jun,19) compared to Rooms Booked during the same period last year (Jun,18) for all arrival dates has changed by (-37.2%)Booking Pace (Jun)3.8%6.1%-37.2% * Inntopia Census: Total number of rooms reported by participating Inntopia 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 and adjusted for properties that have opened / closed since that time. This number varies infrequently as new properties start, or existing properties cease operations. DESCRIPTION: The Reservation Activity Outlook Report tracks occupancy, average daily rate (ADR), and revenue per available room (RevPAR); the key metrics most of interest to lodging properties. The report combines the data sets of participating properties into a destination wide view that features three data sets (providing that sufficient information is available) including: i)current YTD occupancy, ii) last YTD occupancy, iii) last season's ending occupancy. The Reservation Activity Outlook Report is generated on a monthly basis, usually for a 12 month subscription period, and is created from data provided by a group of properties participating in a cooperative manner, and representing a valid set of data as a result. Report results are provided only to those properties who participate by submitting their data. Additionally, participating properties can order (on an a-la-carte basis) an individual report which shows the reservation activity of their property, measured against an aggregated set of competitive properties that they choose from amongst Inntopia's other participants. As is the case in all Inntopia data, all information provided by individual properties is strictly confidential, except when aggregated with other data and indistinguishable as a result. © 2019 Sterling Valley Systems, Inc. All rights reserved. No parts of this work may be reproduced in any form or by any means, graphic, electronic or mechanical, including photocopying, recording, taping or information storage and retrieval systems - without the written permission of the copyright holder. Products that are referred to in this document may be either trademarks and/or registered trademarks of the respective owners. The publisher and the author make no claim to these Trademarks. While every precaution has been taken in the preparation of this document, the publisher and the author assume no responsibility for errors or omissions, or for damages resulting from the use of information contained in this document or from the use of programs and source code that may accompany it. In no event shall the publisher and the author be liable for any loss of profit or any other commercial damage caused or alleged to have been caused directly or indirectly by this document. Vail Paid Occupancy (Most Recent Data) Res Activity Outlook as of Jun 30, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Average Daily Rate (Most Recent Data) Res Activity Outlook as of Jun 30, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Revenue Per Available Room (Most Recent Data) Res Activity Outlook as of Jun 30, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Variance in YTD Occupancy and ADR Res Activity Outlook 2019 vs 2018 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Paid Occupancy (Summer-to-date) Res Activity Outlook as of Jun 30, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Average Daily Rate (Summer-to-date) Res Activity Outlook as of Jun 30, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Revenue Per Available Room (Summer-to-date) Res Activity Outlook as of Jun 30, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Variance in YTD Occupancy and ADR (Summer-to-date) Res Activity Outlook as of Jun 30, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Paid Occupancy (Winter-to-date) Res Activity Outlook as of Jun 30, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Average Daily Rate (Winter-to-date) Res Activity Outlook as of Jun 30, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Revenue Per Available Room (Winter-to-date) Res Activity Outlook as of Jun 30, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Variance in YTD Occupancy and ADR (Winter-to-date) Res Activity Outlook 2019 vs 2018 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Vail Paid Occupancy Fill Analysis Res Activity Outlook as of Jun 30, 2019 *Based on providing complete pacing data within a given month of occupancy only. Results may differ from those presented elsewhere in report if property set differs. **Results for "Percent Variance in incremental fill" indicate how room nights booked during the month just ended compare to room nights booked during the same month in the prior year, for occupancy in the month just ended and for the upcoming five months (as well as the six-month period in total). These results provide an indication of the degree to which booking activity occurring during the month just ended was greater or less than booking activity occurring in the same month a year ago -- i.e. a measure of the strength of booking activity occurring during the month just ended. Vail Paid Occupancy (Most Recent Data) Res Activity Outlook as of Jun 30, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Occ Rate: YTD 2019 VS. YTD 2018 Month of Occupancy Occ Rate as of Jun 30, 2019 Occ Rate as of Jun 30, 2018 Occ Percent Variance in YTD Occ Rate Historic Actual Occ Rate CY Room Nights Available CY Room Nights Booked PY Room Nights Available PY Room Nights Booked # of Properties in sample Jan 19 65.9%59.8%10.3%76,573 50,496 76,379 45,646 27 Feb 19 73.2%70.3%4.1%69,261 50,681 69,200 48,648 27 Mar 19 69.4%66.5%4.4%76,291 52,978 76,340 50,757 27 Apr 19 30.8%29.6%4.0%72,054 22,214 68,969 20,442 27 May 19 19.5%26.1%-25.2%68,531 13,383 65,107 16,991 27 Jun 19 49.9%57.4%-13.1%72,786 36,287 68,950 39,573 27 Jul 19 53.4%57.3%-6.8%63.8%74,613 39,851 72,153 41,352 27 Aug 19 35.2%42.5%-17.1%59.1%75,174 26,498 73,676 31,311 27 Sep 19 22.4%23.6%-5.0%45.6%73,486 16,446 73,747 17,370 27 Oct 19 10.6%12.4%-15.1%29.9%74,123 7,830 73,066 9,092 27 Nov 19 2.7%4.3%-38.8%27.3%73,061 1,945 69,643 3,027 27 Dec 19 12.8%9.9%29.9%55.0%76,468 9,818 74,045 7,321 27 Grand Total 37.2%38.5%-3.3%49.6%882,421 328,427 861,275 331,530 27 Historical Months Total 51.9%52.3%-0.7%52.3%435,496 226,039 424,945 222,057 27 On the Books Total 22.9%25.1%-8.7%47.0%446,925 102,388 436,330 109,473 27 Vail Average Daily Rate (Most Recent Data) Res Activity Outlook as of Jun 30, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Average Daily Rate: YTD 2019 VS. YTD 2018 Month of Occupancy ADR as of Jun 30, 2019 ADR as of Jun 30, 2018 ADR Percent Variance in YTD Adr Rate Historic Actual ADR CY Room Nights Booked CY Room Revenue Booked PY Room Nights Booked PY Room Revenue Booked # of Properties in sample Jan 19 $578.10 $592.56 -2.4%50,496 $ 29,191,873 45,646 $ 27,048,151 27 Feb 19 $637.14 $623.55 2.2%50,681 $ 32,290,981 48,648 $ 30,334,336 27 Mar 19 $579.89 $606.70 -4.4%52,978 $ 30,721,586 50,757 $ 30,794,188 27 Apr 19 $255.96 $265.59 -3.6%22,214 $ 5,685,903 20,442 $ 5,429,274 27 May 19 $169.69 $175.82 -3.5%13,383 $ 2,270,927 16,991 $ 2,987,440 27 Jun 19 $227.26 $230.41 -1.4%36,287 $ 8,246,503 39,573 $ 9,118,089 27 Jul 19 $289.06 $294.92 -2.0%$290.89 39,851 $ 11,519,316 41,352 $ 12,195,649 27 Aug 19 $288.87 $286.34 0.9%$274.81 26,498 $ 7,654,427 31,311 $ 8,965,615 27 Sep 19 $222.98 $223.45 -0.2%$225.59 16,446 $ 3,667,089 17,370 $ 3,881,295 27 Oct 19 $175.52 $170.81 2.8%$184.84 7,830 $ 1,374,355 9,092 $ 1,553,041 27 Nov 19 $272.72 $236.11 15.5%$223.95 1,945 $ 530,440 3,027 $ 714,720 27 Dec 19 $676.72 $803.41 -15.8%$600.36 9,818 $ 6,643,995 7,321 $ 5,881,793 27 Grand Total $ 426 $ 419 1.6%$ 402 328,427 $ 139,797,396 331,530 $ 138,903,591 27 Historical Months Total $ 480 $ 476 0.7%$ 476 226,039 $ 108,407,773 222,057 $ 105,711,479 27 On the Books Total $ 307 $ 303 1.1%$ 323 102,388 $ 31,389,623 109,473 $ 33,192,112 27 Vail Revenue Per Available Room (Most Recent Data) Res Activity Outlook as of Jun 30, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com RevPAR Rate: YTD 2019 VS. YTD 2018 Month of Occupancy RevPAR as of Jun 30, 2019 RevPAR as of Jun 30, 2018 RevPAR Percent Variance in YTD RevPAR Rate Historic Actual RevPAR CY Room Nights Available CY Room Revenue Booked PY Room Nights Available PY Room Revenue Booked # of Properties in sample Jan 19 $381.23 $354.13 7.7%76,573 $ 29,191,873 76,379 $ 27,048,151 27 Feb 19 $466.22 $438.36 6.4%69,261 $ 32,290,981 69,200 $ 30,334,336 27 Mar 19 $402.69 $403.38 -0.2%76,291 $ 30,721,586 76,340 $ 30,794,188 27 Apr 19 $78.91 $78.72 0.2%72,054 $ 5,685,903 68,969 $ 5,429,274 27 May 19 $33.14 $45.89 -27.8%68,531 $ 2,270,927 65,107 $ 2,987,440 27 Jun 19 $113.30 $132.24 -14.3%72,786 $ 8,246,503 68,950 $ 9,118,089 27 Jul 19 $154.39 $169.02 -8.7%$185.66 74,613 $ 11,519,316 72,153 $ 12,195,649 27 Aug 19 $101.82 $121.69 -16.3%$162.35 75,174 $ 7,654,427 73,676 $ 8,965,615 27 Sep 19 $49.90 $52.63 -5.2%$102.90 73,486 $ 3,667,089 73,747 $ 3,881,295 27 Oct 19 $18.54 $21.26 -12.8%$55.30 74,123 $ 1,374,355 73,066 $ 1,553,041 27 Nov 19 $7.26 $10.26 -29.3%$61.12 73,061 $ 530,440 69,643 $ 714,720 27 Dec 19 $86.89 $79.44 9.4%$330.33 76,468 $ 6,643,995 74,045 $ 5,881,793 27 Grand Total $ 158 $ 161 -1.8%$ 199 882,421 $ 139,797,396 861,275 $ 138,903,591 27 Historical Months Total $ 249 $ 249 0.1%$ 249 435,496 $ 108,407,773 424,945 $ 105,711,479 27 On the Books Total $ 70 $ 76 -7.7%$ 152 446,925 $ 31,389,623 436,330 $ 33,192,112 27 Vail Data Tables (Summer-to-date) Res Activity Outlook as of Jun 30, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Summer Bookings: Revenue Per Available Room: YTD 2019 VS. YTD 2018 Month of Occupancy RevPAR as of Jun 30, 2019 RevPAR as of Jun 30, 2018 Percent Variance in YTD RevPAR Historic Actual RevPAR CY Room Nights Available CY Room Revenue Booked PY Room Nights Available PY Room Revenue Booked # of Properties in sample May 19 $33.14 $45.89 -27.8%68,531 $ 2,270,927 65,107 $ 2,987,440 27 Jun 19 $113.30 $132.24 -14.3%72,786 $ 8,246,503 68,950 $ 9,118,089 27 Jul 19 $154.39 $169.02 -8.7%$185.66 74,613 $ 11,519,316 72,153 $ 12,195,649 27 Aug 19 $101.82 $121.69 -16.3%$162.35 75,174 $ 7,654,427 73,676 $ 8,965,615 27 Sep 19 $49.90 $52.63 -5.2%$102.90 73,486 $ 3,667,089 73,747 $ 3,881,295 27 Oct 19 $18.54 $21.26 -12.8%$55.30 74,123 $ 1,374,355 73,066 $ 1,553,041 27 Summer Total $ 79 $ 91 -12.7%$ 115 438,713 $ 34,732,618 426,699 $ 38,701,128 27 Summer Bookings: Average Daily Rate: YTD 2019 VS. YTD 2018 Month of Occupancy ADR as of Jun 30, 2019 ADR as of Jun 30, 2018 Percent Variance in YTD Adr Rate Historic Actual ADR CY Room Nights Booked CY Room Revenue Booked PY Room Nights Booked PY Room Revenue Booked # of Properties in sample May 19 $169.69 $175.82 -3.5%13,383 $ 2,270,927 16,991 $ 2,987,440 27 Jun 19 $227.26 $230.41 -1.4%36,287 $ 8,246,503 39,573 $ 9,118,089 27 Jul 19 $289.06 $294.92 -2.0%$290.89 39,851 $ 11,519,316 41,352 $ 12,195,649 27 Aug 19 $288.87 $286.34 0.9%$274.81 26,498 $ 7,654,427 31,311 $ 8,965,615 27 Sep 19 $222.98 $223.45 -0.2%$225.59 16,446 $ 3,667,089 17,370 $ 3,881,295 27 Oct 19 $175.52 $170.81 2.8%$184.84 7,830 $ 1,374,355 9,092 $ 1,553,041 27 Summer Total $ 248 $ 249 -0.4%$ 244 140,295 $ 34,732,618 155,689 $ 38,701,128 27 Summer Bookings: Occ Rate: YTD 2019 VS. YTD 2018 Month of Occupancy Occ Rate as of Jun 30, 2019 Occ Rate as of Jun 30, 2018 Occ Percent Variance in YTD Occ Rate Historic Actual Occ Rate CY Room Nights Available CY Room Nights Booked PY Room Nights Available PY Room Nights Booked # of Properties in sample May 19 19.5%26.1%-25.2%68,531 13,383 65,107 16,991 27 Jun 19 49.9%57.4%-13.1%72,786 36,287 68,950 39,573 27 Jul 19 53.4%57.3%-6.8%63.8%74,613 39,851 72,153 41,352 27 Aug 19 35.2%42.5%-17.1%59.1%75,174 26,498 73,676 31,311 27 Sep 19 22.4%23.6%-5.0%45.6%73,486 16,446 73,747 17,370 27 Oct 19 10.6%12.4%-15.1%29.9%74,123 7,830 73,066 9,092 27 Summer Total 32.0%36.5%-12.4%47.3%438,713 140,295 426,699 155,689 27 Vail Data Tables (Winter-to-date) Res Activity Outlook as of Jun 30, 2019 © 2019 Sterling Valley Systems, Inc. DBA Inntopia Inntopia's business practices, metrics, reports, systems and procedures and all subscriber data is CONFIDENTIAL INFORMATION, and protected by law. Reproduction or distribution is prohibited. All individual Inntopia subscriber data is kept strictly confidential and displayed only when aggregated with other similar data and indistinguishable as a result. Inntopia, DestiMetrics@Inntopia.com Winter Bookings: Revenue Per Available Room: YTD 2019 VS. YTD 2018 Month of Occupancy RevPAR as of Jun 30, 2019 RevPAR as of Jun 30, 2018 Percent Variance in YTD RevPAR Rate Historic Actual RevPAR CY Room Nights Available CY Room Revenue Booked PY Room Nights Available PY Room Revenue Booked # of Properties in sample Nov 19 $7.26 $10.26 -29.3%$61.12 73,061 $ 530,440 69,643 $ 714,720 27 Dec 19 $86.89 $79.44 9.4%$330.33 76,468 $ 6,643,995 74,045 $ 5,881,793 27 Jan 20 Feb 20 Mar 20 Apr 20 Winter Total $ 48 $ 46 4.5%$ 201 149,529 $ 7,174,435 143,688 $ 6,596,512 27 Winter Bookings: Average Daily Rate: YTD 2019 VS. YTD 2018 Month of Occupancy ADR as of Jun 30, 2019 ADR as of Jun 30, 2018 Percent Variance in YTD Adr Rate Historic Actual ADR CY Room Nights Booked CY Room Revenue Booked PY Room Nights Booked PY Room Revenue Booked # of Properties in sample Nov 19 $272.72 $236.11 15.5%$223.95 1,945 $ 530,440 3,027 $ 714,720 27 Dec 19 $676.72 $803.41 -15.8%$600.36 9,818 $ 6,643,995 7,321 $ 5,881,793 27 Jan 20 Feb 20 Mar 20 Apr 20 Winter Total $ 610 $ 637 -4.3%$ 482 11,763 $ 7,174,435 10,348 $ 6,596,512 27 Winter Bookings: Occ Rate: YTD 2019 VS. YTD 2018 Month of Occupancy Occ Rate as of Jun 30, 2019 Occ Rate as of Jun 30, 2018 Occupancy Percent Variance in YTD Occ Rate Historic Actual Occ Rate CY Room Nights Available CY Room Nights Booked PY Room Nights Available PY Room Nights Booked # of Properties in sample Nov 19 2.7%4.3%-38.8%27.3%73,061 1,945 69,643 3,027 27 Dec 19 12.8%9.9%29.9%55.0%76,468 9,818 74,045 7,321 27 Jan 20 Feb 20 Mar 20 Apr 20 Winter Total 7.9%7.2%9.2%41.7%149,529 11,763 143,688 10,348 27