HomeMy WebLinkAbout2019_June_VBRVail Business Review
June 2019
September 3, 2019
The Vail Business Review breaks down the four percent sales tax collected for the month of
June and year to date through the second quarter of 2019.
Overall June sales tax decreased 5.2% with retail increasing 2.0%, lodging decreased 9.9%,
food and beverage decreased 10.7%, and utilities/other increased by 2.8%. Excluding the out of
town category; sales tax for the month of June was down 6.9%.
Adverse weather may have negatively impacted June sales tax collections due to colder
than normal temperatures and snow falling as late as June 22nd this year.
Year to date through the second quarter of 2019 resulted in a 5.7% increase overall with retail
increasing 6.8%, lodging increased 7.4%, food and beverage increased 2.5%, and utilities/other
increased by 2.9%. Excluding the out of town category; sales tax year to date is up 6.3%.
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
JuneJuneJuneJune
Sales Tax Newsletter
June 2019 Sales TaxJune 2019 Sales TaxJune 2019 Sales TaxJune 2019 Sales Tax
JuneJuneJune
2018 2019 %
Collections Collections Change
VAIL VILLAGE
Retail 207,888 218,503 5.11 %
Lodging 216,627 198,040 -8.58 %
F & B 335,653 299,273 -10.84 %
Other 6,711 3,112 -53.63 %
Total 766,880 718,929 -6.25 %
LIONSHEAD
Retail 45,696 49,675 8.71 %
Lodging 124,700 103,941 -16.65 %
F & B 92,864 89,566 -3.55 %
Other 3,925 522 -86.70 %
Total 267,186 243,703 -8.79 %
CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL
Retail 138,444 135,188 -2.35 %
Lodging 93,977 88,235 -6.11 %
F & B 98,817 81,900 -17.12 %
Other 7,649 10,750 40.54 %
Total 338,886 316,072 -6.73 %
OUT OF TOWN
Retail 166,738 166,480 -0.15 %
Lodging 2,097 3,780 80.20 %
F & B 740 615 -16.96 %
Utilities & Other 106,642 114,098 6.99 %
Total 276,217 284,972 3.17 %
8/26/2019 5:07:41 PM Page 1 of 2
TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW
JuneJuneJuneJune
Sales Tax Newsletter
June 2019 Sales TaxJune 2019 Sales TaxJune 2019 Sales TaxJune 2019 Sales Tax
TOTALTOTALTOTALTOTAL
JuneJuneJune
2018 2019 %
Collections Collections Change
Retail 558,766 569,846 1.98 %
Lodging And Property Mgmt 437,401 393,995 -9.92 %
Food and Beverage 528,074 471,353 -10.74 %
Other 124,927 128,482 2.85 %
Total 1,649,169 1,563,677 -5.18 %
RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY
JuneJuneJune
2018 2019 %
Collections Collections Change
RETAIL-FOOD 123,351 118,193 -4.18 %
RETAIL-LIQUOR 39,633 37,699 -4.88 %
RETAIL-APPAREL 105,532 118,668 12.45 %
RETAIL-SPORT 65,393 68,470 4.71 %
RETAIL-JEWELRY 19,456 14,996 -22.92 %
RETAIL-GIFT 3,492 3,718 6.49 %
RETAIL-GALLERY 1,648 3,602 118.54 %
RETAIL-OTHER 200,217 201,366 0.57 %
RETAIL-HOME OCCUPATION 44 3,135 7,041.49 %
Total 558,766 569,846 1.98 %
8/26/2019 5:07:41 PM Page 2 of 2
TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW
June YTDJune YTDJune YTDJune YTD
Sales Tax Newsletter
June YTD 2019 Sales TaxJune YTD 2019 Sales TaxJune YTD 2019 Sales TaxJune YTD 2019 Sales Tax
June YTDJune YTDJune YTD
2018 2019 %
Collections Collections Change
VAIL VILLAGE
Retail 2,104,629 2,221,075 5.53 %
Lodging 2,836,270 2,912,253 2.68 %
F & B 2,541,407 2,589,208 1.88 %
Other 122,459 106,761 -12.82 %
Total 7,604,765 7,829,296 2.95 %
LIONSHEAD
Retail 831,851 909,888 9.38 %
Lodging 1,961,446 2,102,192 7.18 %
F & B 632,317 687,541 8.73 %
Other 20,118 16,445 -18.26 %
Total 3,445,733 3,716,067 7.85 %
CASCADE VILLAGE/EAST VAIL/SANDSTONE/WEST VAIL
Retail 1,001,363 1,011,747 1.04 %
Lodging 802,913 1,142,764 42.33 %
F & B 444,553 433,200 -2.55 %
Other 42,325 50,274 18.78 %
Total 2,291,155 2,637,985 15.14 %
OUT OF TOWN
Retail 907,300 1,032,361 13.78 %
Lodging 161,075 30,126 -81.30 %
F & B 7,526 7,239 -3.80 %
Utilities & Other 884,822 927,508 4.82 %
Total 1,960,722 1,997,234 1.86 %
8/26/2019 5:12:50 PM Page 1 of 2
TOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEWTOWN OF VAIL BUSINESS REVIEW
June YTDJune YTDJune YTDJune YTD
Sales Tax Newsletter
June YTD 2019 Sales TaxJune YTD 2019 Sales TaxJune YTD 2019 Sales TaxJune YTD 2019 Sales Tax
TOTALTOTALTOTALTOTAL
June YTDJune YTDJune YTD
2018 2019 %
Collections Collections Change
Retail 4,845,143 5,175,071 6.81 %
Lodging And Property Mgmt 5,761,705 6,187,335 7.39 %
Food and Beverage 3,625,803 3,717,188 2.52 %
Other 1,069,724 1,100,989 2.92 %
Total 15,302,375 16,180,583 5.74 %
RETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARYRETAIL SUMMARY
June YTDJune YTDJune YTD
2018 2019 %
Collections Collections Change
RETAIL-FOOD 811,575 834,012 2.76 %
RETAIL-LIQUOR 288,919 285,560 -1.16 %
RETAIL-APPAREL 791,983 837,421 5.74 %
RETAIL-SPORT 1,650,727 1,756,694 6.42 %
RETAIL-JEWELRY 103,147 102,709 -0.43 %
RETAIL-GIFT 22,893 28,342 23.80 %
RETAIL-GALLERY 11,669 21,686 85.84 %
RETAIL-OTHER 1,163,622 1,299,299 11.66 %
RETAIL-HOME OCCUPATION 606 9,348 1,441.29 %
Total 4,845,143 5,175,071 6.81 %
8/26/2019 5:12:50 PM Page 2 of 2