HomeMy WebLinkAboutVail_Production_Notes_04-15-2020Copyright (c) 2020, Sterling Valley Systems All Rights Reserved.
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Data as of: 04/15/2020
Vail Production Notes
CV-19 CLOSURES NOTES:
➢ There are currently 16 properties closed due to COVID-19. These properties' closure dates range from April 1 -
May 31 with some properties planning to reopen in May
o Arrabelle at Vail Square
o Christiania Lodge
o Destination Resorts Vail
o Four Seasons Resort Vail
o Grand Hyatt Vail
o Lodge Tower
o Sitzmark Lodge
o Sonnenalp Resort of Vail
o The Wren
o Tivoli Lodge
o Vail International Condos
o Vail Mountain Lodge
o Vail Residences at Cascade Village
o Vail Spa Condos
o Vail Marriott
o Ritz-Carlton Residences
DOR PRODUCTION NOTES:
April
➢ As expected, April is experiencing further decline in YOY performance than noted in the last report as many
properties are closed and state-wide stay at home orders are still in place
o Of the 16 properties reporting closures, all are closed in April
o There are -21,204 (-16,702 last report) less bookings than last year at this time
o Average daily performance is -29.4% (-19% last report)
o Since the last report, -301 (-9,412 last report) bookings have been cancelled for the month
o The largest reduction in bookings, since the last report, occurred on the 4th, with -45 (-961 last report)
bookings cancelled
o Inventory is lower than last year for the first half of the month while it is slightly higher for the second
half of the month
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May
➢ Since the last report, May has had a slowing of cancellations as the majority of cancellations had already
happened, while average daily performance experienced further decline to -10.9% (-6.2% last report)
o There are -7,904 (-5,999 last report) less bookings than last year at this time
o Since the last report, -488 (-1,779 last report) bookings have been cancelled for the month
o Memorial Day Weekend is on average down -7.3% (-0.8% last report) with -516 (-311 last report) less
bookings over last year at this time
o The largest reduction in bookings, since the last report, occurred on both the 22nd and 31st with -38
bookings cancelled
o Inventory is higher than last year for the entire month
June
➢ June is experiencing the heaviest volume of cancellations since the last report as consumers’ expectations of a
reopening timeline have shifted
o There are -16,970 (-8,028 last report) less bookings than last year at this time
o June’s average daily performance is -23.9% (-11.4% last report)
o Since the last report, -7,296 (-8,543 last report) bookings have been cancelled for the month
o The largest reduction in bookings, since the last report, occurred on the 25th, with -501 bookings
cancelled
o Inventory is slightly higher than last year for the entire month
July
➢ July is showing mostly underperformances compared to last year with only 5 days outperforming
o There are -6,054 (+3,684 last report) less bookings than last year at this time
o Since the last report, there have been -1,154 (-5,843 last report) bookings for the month
o July’s average daily performance is -8.7% (-6.1% last report)
o The 4th of July is currently down -9.3% (-9.4% last report) with -210 (-205 last report) less bookings over
last year at this time
o The largest outperformance is on the 31st up +4.8% (+27.2% last report) over last year at this time
o The largest reduction in bookings, since the last report, occurred on the 15th, with -114 bookings
cancelled
o Inventory is slightly higher than last year for the entire month
August
➢ August has been less negatively affected since the last report than the prior months with average daily
performance at +3.1% (+7.1% last report)
o There are +2,717 (+6,567 last report) more bookings than last year at this time
o Since the last report, there have been -1,030 (-3,642 last report) bookings for the month
o The largest outperformance is on the 21st up +20.9% over last year at this time
o The largest underperformance is on the 30th, down -7.2% (-4.9% last report) over last year at this time
o The largest reduction in bookings, since the last report, occurred on the 2nd, with -553 bookings
cancelled
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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o Inventory is slightly higher than last year for the entire month
September
➢ September is showing similar performance to August as average daily performance is slightly higher at +3.2%
(+4.0 last report)
o There are +2,557 (+3,718 last report) more bookings than last year at this time
o Since the last report, there have been +313 (-1,544 last report) bookings for the month
o The largest outperformance is on the 14th up +22.4% (+22.3% last report) over last year at this time
o The largest underperformance is on the 7th, down -22.3% (-18.3% last report) over last year at this time
o The largest reduction in bookings, since the last report, occurred on the 8th, with -23 bookings cancelled
o Inventory is slightly higher than last year for the entire month
October
➢ October has just come on the books and is showing a slight underperformance compared to last year as average
daily performance is -1.6%
o There are -983 less bookings than last year at this time
o The largest outperformance is on the 9th, up +10.0% over last year at this time
o The largest underperformance is on the 18th, down -19.0% compared to last year at this time
o Inventory is slightly higher than last year for the entire month