HomeMy WebLinkAboutVail_Production_Notes_02-29-2020Copyright (c) 2020, Sterling Valley Systems All Rights Reserved.
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Data as of: 02/29/2020
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 February: +2,857 RNA or +99 units per day
o March: +536 RNA or +17 units per day
o April: -1,573 RNA or -52 units per day
o May: -343 RNA or -11 units per day
o June: +4,054 RNA or +135 units per day
o July: +4,397 RNA or +142 units per day
o August: +3,930 RNA or +127 units per day
➢ On the books occupancy is up +6.2% (+1.4% last month) over last year, while historic actual occupancy is also up
+0.1% (-1.4% last month) over last year
➢ On the books ADR is down -1.1% (+1.2% last month) over last year, while historic actual ADR is up +2.1% (+2.8%
last month) over last year
➢ On the books RevPAR is up +5.0% (+2.6% last month) over last year while historic actual RevPAR is also up +2.2%
(+1.3% last month) over last year
Winter Season:
➢ February gained +6.5% as an absolute measure of occupancy in February
o Bookings made in February for February are up +1.3% in absolute variance vs those made last year in
February for February
➢ March gained +10.4% as an absolute measure of occupancy in February
o Bookings made in February for March are down -2.1% in absolute variance vs those made last year in
February for March
➢ April gained +2.5% as an absolute measure of occupancy in February
o Bookings made in February for April are down -1.6% in absolute variance vs those made last year in
February for April
➢ As a measure of RevPAR, winter season is now up +3.6% (+4.3% last month) compared to last year at this time
➢ As a measure of ADR, winter season is now up +1.1% (+1.4% last month) compared to last year at this time
➢ As a measure of Occupancy, winter season is now up +2.5% (+2.8% last month) compared to last year at this
time
➢ December, February, and April are showing occupancy gains over last winter season
➢ December, January, March, and April are showing ADR gains over last winter season
➢ Seasonal Inventory
o For the entire winter season there are 467,839 room nights available, a +0.7% (+0.6% last report)
increase over last winter season (464,748)
➢ Seasonal Bookings
o For the entire winter season there are 237,675 room nights booked, a +3.2% (+3.4% last report) increase
over last winter season (230,317)
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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Summer Season:
➢ May gained +1.2% as an absolute measure of occupancy in February
o Bookings made in February for May are up +0.4% in absolute variance vs those made last year in
February for May
➢ June gained +3.8% as an absolute measure of occupancy in February
o Bookings made in February for June are up +0.9% in absolute variance vs those made last year in
February for June
➢ July gained +3.8% as an absolute measure of occupancy in February
o Bookings made in February for July are up +0.3% in absolute variance vs those made last year in
February for July
➢ August has just come on the books and is showing 22.0% occupancy, up +40.1% over last year (15.7%)
➢ As a measure of RevPAR summer season is up +6.2% (-5.6% last month) compared to last year at this time
➢ As a measure of ADR summer season is up +1.8% (+5.3% last month) compared to last year at this time
➢ As a measure of Occupancy summer season is up +4.3 (-10.4% last month) compared to last year at this time
➢ May and August are showing occupancy gains over last summer season
➢ June and July are showing ADR gains over last summer season
➢ Seasonal Inventory
o For the entire summer season there are 308,400 room nights available, a +4.1% (+4.0% last report)
increase over last summer season (296,362)
➢ Seasonal Bookings
o For the entire summer season there are 61,882 room nights booked, a +8.6% (-6.8% last report) increase
over last summer season (56,992)
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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:
February:
➢ February’s performance actualized this report, with the average daily performance slightly up +0.8% over last
year
o There were +620 (+2928 last report) more bookings than last year
o President’s Day Weekend actualized on average up +1.5% (+1.9% last report) with a total of +102 more
bookings versus last year
▪ 15th: -1.0%, -37 less bookings
▪ 16th: +2.2%, +52 more bookings
▪ 17th: +3.4%, +87 more bookings
o Valentine’s Day actualized slightly down -1.7% (-3.8% last report) with -54 less bookings than last year
o The largest underperformance occurred on the 10th, which actualized down -6.1% (-7.1% last report)
with -171 less bookings than last year
o The largest outperformance occurred on the 12th, which actualized up +9.3% (+9.8% last report) with
+240 more bookings than last year
o Inventory for the month actualized slightly lower than last year; 77,179 this year vs 77,246 last year
March:
➢ March’s average daily performance is up +4.4% over last year at this time with some small underperformances
since last month noticed during the first two weeks
o There are +5726 (+5887 last report) more bookings than last year at this time
o The largest outperformance was on the 15th, up +17.4% (+19.0% last report), although this has now
shifted to the 17th, up +18.8% over last year at this time
o The largest underperformance is on the 4th, down -8.5% (-5.3% last report) over last year at this time
o Inventory is higher than last year for the entire month
April
➢ April’s average daily performance is up +8.2% over last year at this time with strong outperformance in the
beginning of the month and slight outperformance from the 11th on
o There are +6970 (+7723 last report) more bookings than last year at this time
o Easter (April 12th) is currently up +4.7% (+8.5% last report) over last year at this time
▪ When comparing Easter Day 2020 to Easter Day 2019 (April 12th vs April 21st) occupancy is
currently up +147.6% (+193.4% last report) over last year at this time (20.8% vs 8.4%)
o The largest outperformance was on the 9th, up +22% (+23.3% last report) over last year, and is now on
the 5th, up +24.3%
o The largest underperformance is on the 29th, down -8.7% (-8.0% 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
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May
➢ May’s average daily performance is slightly down -0.1% over last year at this time as the majority of the month is
staying close to equivalency with last year
o There are +221 (+507 last report) more bookings than last year at this time
o Memorial Day Weekend is on average down -1.0% (+0.1% last report) with -16 less bookings over last
year at this time
o The largest underperformance is on the 31st, down -7.8% (-6.3% last report) over last year at this time
o The largest outperformance was on the 20th, up +12.0% (+13.4% last report) but has now shifted to the
2nd, up +12.8% over last year at this time
o Inventory is higher than last year for the entire month
June
➢ June’s average daily performance is down -3.0% over last year at this time as mostly underperformances are
noted with some outperformances predominantly found during mid-week days
o There are -384 (-1254 last report) less bookings than last year at this time
o The largest underperformance was on the 4th, down -16.1% (-19.2% last report), and has now shifted to
the 2nd, down -17.6% over last year at this time
o The largest outperformance is on the 17th, up +11.4% (+9.6% last report) over last year at this time
o Inventory is higher than last year for the entire month
July
➢ July’s average daily performance is down -1.8% over last year at this time as few outperformances are noted
during the month
o There are +749 (-150 last report) more bookings than last year at this time
o The 4th of July is currently down -2.8% (-4.0% last report) with -3 less bookings over last year at this time
o The largest outperformance was on the 15th, up +6.7% (+11.2% last report), and has now shifted to the
31st up +28.2% over last year at this time
o The largest underperformance is on the 7th, down -16.4% (-17% last report) over last year at this time
o Inventory is higher than last year for the entire month
August
➢ August’s average daily performance is up +8.5% over last year at this time as the first week of August continues
to be a strong outperformer compared to last year, and only 4 underperformances are noted for the month
o There are +7776 (+6821 last report) more bookings than last year at this time
o The largest outperformance is on the 2nd, up +33.7% (+35.4% last report) over last year at this time
o The largest underperformance is on the 29th, down -4.6% (-6.4% last report) over last year at this time
o Inventory is higher than last year for the entire month