HomeMy WebLinkAboutVail_Production_Notes_01-31-2020Copyright (c) 2020, Sterling Valley Systems All Rights Reserved.
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Data as of: 01/31/2020
Vail Production Notes
RAO PRODUCTION NOTES:
General RAO Notes:
➢ All months, except April and May, are showing an increase in inventory compared to last year at this time
o January: +264 RNA or +9 units per day
o February: +3,015 RNA or +104 units per day
o March: +479 RNA or +15 units per day
o April: -2,129 RNA or -71 units per day
o May: -5 RNA or less than one unit per day
o June: +4,683 RNA or +156 units per day
o July: +4,024 RNA or +130 units per day
➢ On the books occupancy is up +1.4% (+2.7% last month) over last year, while historic actual occupancy is down -
1.4% (-1.2% last month) over last year
➢ On the books ADR is up +1.2% (+1.9% last month) over last year, while historic actual ADR is also up +2.8%
(+2.9% last month) over last year
➢ On the books RevPAR is up +2.6% (+4.7% last month) over last year while historic actual RevPAR is also up +1.3%
(+1.7% last month) over last year
Winter Season:
➢ January gained +7.1 as an absolute measure of occupancy in January
o Bookings made in January for January are down -1.4% in absolute variance vs those made last year in
January for January
➢ February gained +12.1% as an absolute measure of occupancy in January
o Bookings made in January for February are down -2.4% in absolute variance vs those made last year in
January for February
➢ March gained +10.6% as an absolute measure of occupancy in January
o Bookings made in January for March are down -2.7% in absolute variance vs those made last year in
January for March
➢ April gained +5.4% as an absolute measure of occupancy in January
o Bookings made in January for April are up +2.8% in absolute variance vs those made last year in January
for April
➢ As a measure of RevPAR, winter season is now up +4.3% (+6.3% last month) compared to last year at this time
➢ As a measure of ADR, winter season is now up +1.4% (+2.9% last month) compared to last year at this time
➢ As a measure of Occupancy, winter season is now up +2.8% (+3.4% last month) compared to last year at this
time
➢ December, March, and April are showing occupancy gains over last winter season
➢ December, February, and March are showing ADR gains over last winter season
➢ Seasonal Inventory
o For the entire winter season there are 467,318 room nights available, a +0.6% (+0.3% last report)
increase over last winter season (464,682)
Copyright (c) 2020, Sterling Valley Systems All Rights Reserved.
Confidential Information not for reproduction and protected by law.
Communications@Inntopia.com
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➢ Seasonal Bookings
o For the entire winter season there are 220,336 room nights booked, a +3.4% (+3.7% last report) increase
over last winter season (213,129)
Summer Season:
➢ May gained +0.8% as an absolute measure of occupancy in January
o Bookings made in January for May are down -0.1% in absolute variance vs those made last year in
January for May
➢ June gained +4.2% as an absolute measure of occupancy in January
o Bookings made in January for June are down -1.0% in absolute variance vs those made last year in
January for June
➢ July has just come on the books and is showing 22.2% occupancy, down -10.5% over last year (24.8%)
➢ As a measure of RevPAR summer season is down -5.6% (-10.2% last month) compared to last year at this time
➢ As a measure of ADR summer season is up +5.3% (+4.8% last month) compared to last year at this time
➢ As a measure of Occupancy summer season is down -10.4 (-14.3% last month) compared to last year at this time
➢ No months are showing occupancy gains over last summer season
➢ May, June, and July are showing ADR gains over last summer season
➢ Seasonal Inventory
o For the entire summer season there are 228,163 room nights available, a +4.0% (+0.5% last report)
increase over last summer season (219,461)
➢ Seasonal Bookings
o For the entire summer season there are 36,963 room nights booked, a -6.8% (-13.9% last report)
decrease over last summer season (39,668)
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Copyright (c) 2020, Sterling Valley Systems All Rights Reserved.
Confidential Information not for reproduction and protected by law.
Communications@Inntopia.com
www.Inntopia.com
DOR PRODUCTION NOTES:
January:
➢ January actualized as a month of mixed performance, with strong performance in the first half and mostly
underperformances in the second
o There were -247 (+1858 last report) less bookings than last year for the month
o MLK weekend averaged down -4.5% over last year
o The largest underperformance was on the 22nd, down -11.3% (-14.2% last report)
o The largest outperformance was on the 11th up +10.2% (+10.5% last report)
o Inventory is higher than last year for the entire month
February:
➢ February performance is almost equivalent to last year for the majority of the month, with pronounced changes
occurring in the first two weeks
o There are +2122 (+1337 last report) more bookings than last year at this time
o President’s Day Weekend is currently on average down -0.6% versus last year at this time
o Valentine’s Day is down -3.8% (-1.4% last report) compared to last year at this time
o The largest underperformance is on the 10th, down -10.4% (-15.9% last report) versus last year at this
time
o The largest outperformance is on the 6th, up +11.5% (+13.3% last report) versus last year at this time
o Inventory is higher than last year for the entire month
March:
➢ March is experiencing very similar performance as was reported last month with pronounced changes only
occurring in the two weeks
o There are +5639 (+5281 last report) more bookings than last year at this time
o The largest outperformance is on the 15th, up +19.2% (+19.4% last report) over last year at this time
o The largest underperformance is on the 9th, down -6.8% (-8.2% last report) over last year at this time
o Inventory is higher than last year for the entire month
April
➢ April is experiencing a strong increase in outperformance during the second week of the month, as most other
dates have experienced very little change
o There are +7164 (+6155 last report) more bookings than last year at this time
o Easter (April 12th) is currently up +8.4% over last year at this time
▪ When comparing Easter Day 2020 to Easter Day 2019 (April 12th vs April 20th) occupancy is
currently up +202.7% over last year at this time (20.4% vs 6.4%)
o The largest outperformance is on the 7th, up +20.4% over last year at this time
o The only underperformance is on the 29th, down -6.8% (-8.1% last report) over last year at this time
o Inventory is higher than last year for the entire month
Copyright (c) 2020, Sterling Valley Systems All Rights Reserved.
Confidential Information not for reproduction and protected by law.
Communications@Inntopia.com
www.Inntopia.com
May
➢ May remains a month with very little activity coupled with very low occupancy
o There are -222 (+331 last report) less bookings than last year at this time
o The largest underperformance is on the 28th, down -7.4% (-5.1% last report) over last year at this time
o The largest outperformance is now on the 20th, up +10.1% (+9.8% last report) over last year at this time
o Memorial Day Weekend is on average down -1.4% (+1.0% last report) over last year at this time
o Inventory is higher than last year for the entire month
June
➢ June has experienced some underperformances since the last report, and no days have increased their
outperformance over last year
o There are -1725 (-300 last report) less bookings than last year at this time
o The largest underperformance is on the 4th, down -20.2% (-18.0% last report) over last year at this time
o The largest outperformance is on the 17th, up +8.2% (+14.4% last report) over last year at this time
o Inventory is higher than last year for the entire month
July
➢ July has experienced mostly underperformances since the last report, though we expect bookings to fill as we
get closer to the summer season
o There are -1019 (+135 last report) less bookings than last year at this time
o The largest outperformance is on the 15th, up +11.3% (+12.5% last report) over last year at this time
o The largest underperformance is on the 7th, down -18.4% (-16.3% last report) over last year at this time
o The 4th of July is currently down -5.2% (-1.8% last report) over last year at this time
o Inventory is higher than last year for the entire month