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HomeMy WebLinkAboutVail_Production_Notes_10-31-2019Copyright (c) 2019, Sterling Valley Systems All Rights Reserved. Confidential Information not for reproduction and protected by law. Communications@Inntopia.com www.Inntopia.com Data as of: 10/31/2019 Vail Production Notes RAO PRODUCTION NOTES: General RAO Notes: ➢ All months, except November and April, are showing an increase in inventory compared to last year at this time o October: +807 RNA or +26 units per day o November: -565 RNA or -19 units per day o December: +538 RNA or +17 units per day o January: +130 RNA or +4 units per day o February: +2,727 RNA or +94 units per day o March: +318 RNA or +10 units per day o April: -617 RNA or -21 units per day ➢ On the books occupancy is up +4.2% (-0.6% last month) over last year, while historic actual occupancy is down - 5.9% (-5.8% last month) over last year ➢ On the books ADR is up +3.4% (+3.7% last month) over last year, while historic actual ADR is down -0.9% (-1.0% last month) over last year ➢ On the books RevPAR is up +7.8% (+3.1% last month) over last year while historic actual RevPAR is down -6.8% (- 6.8% last month) over last year Summer Season: ➢ October gained +7.1% as an absolute measure of occupancy in October o Bookings made in October for October are up +0.8% in absolute variance vs those made last year in October for October ➢ As a measure of RevPAR summer season actualized down -6.8% (-7.1% last month) compared to last year at this time ➢ As a measure of ADR summer season actualized down -0.9% (-0.6% last month) compared to last year at this time ➢ As a measure of Occupancy summer season actualized down -5.9% (-6.5% last month) compared to last year at this time ➢ October had an occupancy gain over last summer season ➢ September had an ADR gain over last summer season ➢ Seasonal Inventory o For the entire summer season there were 459,809 room nights available, a +3.4% increase over last summer season (444,492) ➢ Seasonal Bookings o For the entire summer season there were 206,994 room nights booked, a -2.7% decrease over last summer season (212,729) Copyright (c) 2019, Sterling Valley Systems All Rights Reserved. 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Communications@Inntopia.com www.Inntopia.com Winter Season: ➢ November gained +6.3% as an absolute measure of occupancy in October o Bookings made in October for November are up +0.8% in absolute variance vs those made last year in October for November ➢ December gained +8.9% as an absolute measure of occupancy in October o Bookings made in October for December are up +0.9% in absolute variance vs those made last year in October for December ➢ January gained +6.4% as an absolute measure of occupancy in October o Bookings made in October for January are down -0.7% in absolute variance vs those made last year in October for January ➢ February gained +6.9% as an absolute measure of occupancy in October o Bookings made in October for February are down -0.2% in absolute variance vs those made last year in October for February ➢ March gained +5.4% as an absolute measure of occupancy in October o Bookings made in October for March are up +0.2% in absolute variance vs those made last year in October for March ➢ April is now on the books, showing 8% occupancy, up +105.4% over last year at this time (3.9%) ➢ As a measure of RevPAR, winter season is now up +7.8% (+3.4% last month) compared to last year at this time ➢ As a measure of ADR, winter season is now up +3.4% (+3.7% last month) compared to last year at this time ➢ As a measure of Occupancy, winter season is now up +4.2% (-0.3% last month) compared to last year at this time ➢ November, December, March, and April are showing occupancy gains over last winter season ➢ November, December, January, February, and March are showing ADR gains over last winter season ➢ Seasonal Inventory o For the entire winter season there are 446,990 room nights available, a +0.6% increase over last winter season (444,459) ➢ Seasonal Bookings o For the entire winter season there are 122,636 room nights booked, a +4.8% increase over last winter season (117,045) (This space is intentionally left blank) Copyright (c) 2019, Sterling Valley Systems All Rights Reserved. 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Communications@Inntopia.com www.Inntopia.com DOR PRODUCTION NOTES: October: ➢ October did experience short-lead bookings growth at the end of the month as expected, though YOY bookings only slightly outperformed last year o There were +24 (+1129 last report) more bookings than last year at this time ▪ Last year’s short lead bookings far exceeded those this year o The 22nd had been experiencing a large underperformance versus last year, which did not experience change from last report, and actualized -12.9% down (-12.9% last report) o The day before Halloween outperformed last year by +16% (+17.9% last report) o Halloween actualized down -2.1% (-3.6% last report) o Inventory is higher than last year for the entire month November: ➢ November has been experiencing performance swings around Thanksgiving which have grown in variance since the last report o There are +2107 (+1615 last report) more bookings than last year at this time o The largest outperformances are confined to the end of the month, and have increased their outperformance since last report, a measured noted in the last 4 reports ▪ Additionally, these days have now outperformed last year’s historic actuals o November 27th was experiencing the largest outperformance, up +24.3% (+22.1% last report) over last year, but now Thanksgiving Day has risen to the month’s leader, up +24.6% (21.4% last report) o Inventory is higher than last year for the entire month December: ➢ With the exception of the 2nd, December bookings are outpacing last year for every day of the month o There are +4805 (+3996 last report) more bookings than last year at this time o The largest outperformance is on the 22nd, up +9.8% (+11.1% last report) over last year at this time o The 21st is also showing a strong outperformance, up +8.9% over last year at this time o Christmas is now up +3.7% (+3.6% last report) over last year at this time o New Year’s Eve is up +8.9% (+8.2% last report) over last year at this time o Inventory is higher than last year for the entire month January: ➢ January continues to underperform last year for the majority of the month with outperformances occurring in the first and last week o There are -2409 (-3420 last report) less bookings than last year at this time o The largest losses are noticed on the 22nd and 23rd, down -21.4% and -20.5% respectively (-21.9% and - 23.8% respectively last report) ▪ While the 22nd and 23rd are the most prominent underperformances, the trend of underperformance starts on the 12th and continues to the 26th Copyright (c) 2019, Sterling Valley Systems All Rights Reserved. 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Communications@Inntopia.com www.Inntopia.com o The largest outperformances are noted on the 28th, up +7.8% (+6.8% last report), and the 1st, up +9.8% (+8.8% last report) over last year o Inventory is higher than last year for the entire month February: ➢ February is performing close to last year for the first week of the month, while the rest of the month is underperforming last year, a measure noted in the last 2 reports as well o There are -2472 (-3524 last report) less bookings than last year at this time o The largest underperformance is on the 10th, down -17.5% (-19.7% last report) versus last year at this time ▪ Most underperformances noted in February have decreased their variance since the last report o The largest outperformance is on the 6th, up +8.2% (+6.5% last report) versus last year at this time o Inventory is higher than last year for the entire month March: ➢ March has experienced some considerable fill since the last report, and with the exception of the second week of the month, most days are outperforming last year o There are +2768 (+2038 last report) more bookings than last year at this time o The largest outperformance is on the 15th, up +11.1% (+9.6% last report) over last year at this time o The largest underperformance is on the 9th, down -5.5% over last year at this time o Inventory is higher than last year for the entire month April ➢ April came on the books as of last report and is still showing only 2 underperformances versus last year at this time o There are +3954 (+3356 last report) more bookings than last year at this time o The largest outperformances are on the 4th (+13.3%), 27th (+13.3%), and 28th (+12.2%) over last year at this time o The only 2 underperformances are on the 15th and 16th, down -1.4% and -1.0% respectively o Inventory is higher than last year for the entire month