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HomeMy WebLinkAbout11. Vail_Segment_Report_Condos_vs_Hotel_Properties_2020-10-31Vail Condo Properties and Vail Hotel Properties Period: Bookings as of October 31, 2020 Vail Condo Properties Vail Hotel Properties Index: Vail Condo Properties vs Vail Hotel Properties (100=0) 21.0%33.2%63.4 $194 $223 87.0 $41 $74 55.2 15.7%21.2%74.2 $276 $272 101.6 $43 $58 75.4 Vail Condo Properties Vail Hotel Properties Absolute Difference: Vail Condo Properties vs Vail Hotel Properties 45.9%-12.5%58.4% -3.7%26.1%-29.8% 40.5%10.3%30.2% 39.5%-11.6%51.1% -0.2%30.4%-30.6% 39.2%15.3%24.0% CUSTOM COMPARATIVE BENCHMARK REPORT Vail Condo Properties and Vail Hotel Properties Executive Summary Historic Actual Occupancy for Last Month (October) A. PERFORMANCE - Last Month Performance: Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Historic Actual Revenue Per Available Room for Last Month (October) Historic Actual Average Daily Rate for Last Month (October) © 2020 Sterling Valley Systems, Inc. All rights reserved. No parts of this work may be reproduced in any form or by any means, graphic, electronic or mechanical, including photocopying, recording, taping or information storage and retrieval systems - without the written permission of the copyright holder. Products that are referred to in this document may be either trademarks and/or registered trademarks of the respective owners. The publisher and the author make no claim to these Trademarks. While every precaution has been taken in the preparation of this document, the publisher and the author assume no responsibility for errors or omissions, or for damages resulting from the use of information contained in this document or from the use of programs and source code that may accompany it. In no event shall the publisher and the author be liable for any loss of profit or any other commercial damage caused or alleged to have been caused directly or indirectly by this document. Year over Year % Change in Average Daily Rate for Last Month (October) Year over Year % Change in Occupancy for Next Month (November) Year over Year % Change in Average Daily Rate for Next Month (November) On-The-Books Revenue per Available Room for Next Month (November) Year of Year % Change in Revenue Per Available Room for Next Month (November) C. PACING - Last Month Year over Year % change in Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Year over Year % Change in Occupancy for Last Month (October) D. PACING - Next Month Year over Year % change in Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Year of Year % Change in Revenue Per Available Room for Last Month (October) On-The-Books Occupancy for Next Month (November) On-The-Books Average Daily Rate for Next Month (November) B. PERFORMANCE - Next Month Performance: Occupancy, ADR, RevPAR: Vail Condo Properties vs Vail Hotel Properties Absolute Comparison Series (2020/21): Vail Condo Properties vs Vail Hotel Properties Period: Bookings as of October 31, 2020 Custom Comparative Report 2% 11% 45%42% 32% 21%16% 25%22%21%15% 3% 17% 5% 16% 47%54% 45% 33% 21% 32% 16%15%13% 3% 17% 33.7 72.9 94.6 77.5 71.9 63.4 74.2 78.7 135.2 142.3 114.0 93.7 102.2 020406080100120140160 0% 10% 20% 30% 40% 50% 60% May June July August September October NovemberDecember January February March AprilOn the books months total Vail Condo Properties Vail Hotel Properties Index: Vail Condo Properties vs. Vail Hotel Properties 2% 11% 45%42% 32% 21%16% 25%22%21% 15% 3% 17% 5% 16% 47% 54% 45% 33% 21% 32% 16%15%13% 3% 17%33.7 72.9 94.6 77.5 71.9 63.4 74.2 78.7 135.2 142.3 114.0 93.7 102.2 0 20 40 60 80 100 120 140 160 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% May June July August September October November December January February March April On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesOccupancy RateChart 1.1 -Occupancy Rate, YTD 2020/21: Vail Condo Properties vs. Vail Hotel Properties $101 $218 $271 $260 $224 $194 $276 $756 $620 $623 $636 $418 $604 $138 $206 $282 $267 $247 $223 $272 $539 $543 $580 $532 $271 $480 74 106 96 97 91 87 102 140 114 107 120 154 126 0 20 40 60 80 100 120 140 160 180 $0 $100 $200 $300 $400 $500 $600 $700 $800 May June July August September October November December January February March April On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesADRChart 1.2 -Average Daily Rate, YTD 2020/21 Vail Condo Properties vs. Vail Hotel Properties $2 $25 $121 $108 $72 $41 $43 $191 $134 $129 $94 $13 $104 $7 $32 $133 $144 $110 $74 $58 $173 $87 $85 $69 $9 $81 25 77 91 75 65 55 75 110 155 153 136 144 128 0 20 40 60 80 100 120 140 160 180 $0 $50 $100 $150 $200 $250 May June July August September October November December January February March April On the books months total Index: Vail Condo Properties vs. Vail Hotel PropertiesRevPARChart 1.3 -Revenue per Available Room, YTD 2020/21 Vail Condo Properties vs. Vail Hotel Properties 34 73 95 78 72 63 74 79 135 142 114 94 102 74 106 96 97 91 87 102 140 114 107 120 154 126 0 20 40 60 80 100 120 140 160 180 200 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 On the books months totalIndex: Vail Condo Properties vs. Vail Hotel PropertiesChart 1.4 -YTD 2020/21 Indexes: Occupancy & ADR: Vail Condo Properties vs. Vail Hotel Properties Index: Occupancy Index: ADR Historic On the Books Historic On the books Historic On the books Historic On the Vail Hotel Properties Period: Bookings as of October 31, 2020 Pacing Series (2020/21 vs. 2019/20) : Vail Condo Properties vs. Vail Hotel Properties Custom Comparative Report Vail Condo Properties -71.8% -64.9% -15.0% 5.3%24.5% 45.9%39.5% -15.3% -32.9%-41.7%-28.5% -15.5% -24.4% -80.6%-72.9% -32.8% -15.3%-20.1% -12.5%-11.6% -26.3% -57.2%-63.4%-54.0%-65.5% -44.9% -100% -80% -60% -40% -20% 0% 20% 40% 60% 80% 100% May June July August September October November December January February March April On the books months total% Change in Occupancy RateChart 2.1 -% Change in Occupancy Rate, 2020/21 vs. 2019/20: Vail Condo Properties vs. Vail Hotel Properties -48.7% -12.0% -5.3%-5.3% 1.9% -3.7%-0.2% -8.8% -14.1%-9.4%-9.3% -1.4% -12.9%-15.7% -5.3% 4.7%0.1% 11.0% 26.1%30.4% -13.8% -3.2% 1.1% -1.4% 12.1% -6.5% -60% -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% May June July August September October November December January February March April On the books months total% Change in ADR,Chart 2.2 -% Change in ADR, 2020/21 vs. 2019/20: Vail Condo Properties vs. Vail Hotel Properties -85.5% -69.1% -19.4% -0.3% 27.0%40.5%39.2% -22.8% -42.3% -47.2% -35.1% -16.7% -34.1% -83.6% -74.3% -29.7% -15.2%-11.3% 10.3%15.3% -36.4% -58.6%-63.0%-54.7%-61.3%-48.4% -100% -80% -60% -40% -20% 0% 20% 40% 60% 80% 100% May June July August September October November December January February March April On the books months total% Change in RevPARChart 2.3 -% Change in RevPAR, 2020/21 vs. 2019/20: Vail Condo Properties vs. Vail Hotel Properties 9%8%18%21% 45% 58%51% 11% 24%22%25% 50% 21% -33% -7%-10%-5%-9% -30%-31% 5% -11%-10%-8%-13%-6% -100% -80% -60% -40% -20% 0% 20% 40% 60% 80% 100% May-20 vs. May-19 Jun-20 vs. Jun-19 Jul-20 vs. Jul- 19 Aug-20 vs. Aug-19 Sep-20 vs. Sep-19 Oct-20 vs. Oct-19 Nov-20 vs. Nov-19 Dec-20 vs. Dec-19 Jan-21 vs. Jan-20 Feb-21 vs. Feb-20 Mar-21 vs. Mar-20 Apr-21 vs. Apr-20 On the books months totalChange in Occup. & ADRVail Condo Properties vs. Vail Hotel PropertiesChart 2.4 -Change in Occupancy & ADR 2020/21 vs. 2019/20: Vail Condo Properties vs. Vail Hotel Properties Change in Occ Rate Change in ADR Historic On the books Historic On the books Historic On the books Historic On the books Vail Condo Properties Vail Hotel Properties INDEX OCCUPANCY RATE OCCUPANCY RATE: YTD 2020/21 VS. YTD 2019/20 OCCUPANCY RATE: YTD 2020/21 VS. YTD 2019/20 Vail Condo Properties Vail Condo Properties Percent Occup. Rate as of:Occup. Rate as of:Percent Occup. Rate as of:Occup. Rate as of:Percent as an Index of as an Index of Change in Oct 31, 2020 Oct 31, 2019 Change in Oct 31, 2020 Oct 31, 2019 Change in Vail Hotel Vail Hotel Index: Month of Occupancy (2020/21 & 2019/20)(2020/21 season)(2019/20 season)YTD Occ. Rate (2020/21 season)(2019/20 season)Occ. Rate YTD 2020/21 YTD 2019/20 2020/21 vs. 2019/20 May 1.7%5.9%-71.8%4.9%25.4%-80.6%33.7 23.2 45.3% June 11.4%32.6%-64.9%15.7%57.9%-72.9%72.9 56.2 29.6% July 44.6%52.4%-15.0%47.1%70.1%-32.8%94.6 74.8 26.5% August 41.6%39.5%5.3%53.7%63.4%-15.3%77.5 62.4 24.3% September 32.1%25.8%24.5%44.6%55.8%-20.1%71.9 46.1 55.9% October Historic 21.0%14.4%45.9%33.2%37.9%-12.5%63.4 38.0 66.8% November On the Books 15.7%11.3%39.5%21.2%23.9%-11.6%74.2 47.0 57.8% December 25.3%29.9%-15.3%32.1%43.6%-26.3%78.7 68.5 14.9% January 21.6%32.2%-32.9%16.0%37.4%-57.2%135.2 86.2 57.0% February 20.8%35.7%-41.7%14.6%39.9%-63.4%142.3 89.4 59.2% March 14.8%20.7%-28.5%13.0%28.3%-54.0%114.0 73.3 55.4% April 3.2%3.8%-15.5%3.4%9.9%-65.5%93.7 38.3 144.6% Grand total 21.4%25.9%-17.5%25.1%41.3%-39.1%85.2 62.8 35.5% Historic months total 26.0%29.5%-11.8%33.3%51.7%-35.7%78.3 57.0 37.2% On the books months total 17.2%22.7%-24.4%16.8%30.5%-44.9%102.2 74.5 37.2% Vail Condo Properties Vail Hotel Properties INDEX AVERAGE DAILY RATE ADR: YTD 2020/21 VS. YTD 2019/20 ADR: YTD 2020/21 VS. YTD 2019/20 Vail Condo Properties Vail Condo Properties Percent ADR as of:ADR as of:Percent ADR as of:ADR as of:Percent as an Index of as an Index of Change in Oct 31, 2020 Oct 31, 2019 Change in Oct 31, 2020 Oct 31, 2019 Change in Vail Hotel Properties Vail Hotel Properties Index: Month of Occupancy (2020/21 & 2019/20)(2020/21 season)(2019/20 season)YTD Occ. Rate (2020/21 season)(2019/20 season)Occ. Rate YTD 2020/21 YTD 2019/20 2020/21 vs. 2019/20 May $101 $198 -48.7%$138 $163 -15.7%73.7 121.2 -39.1% June $218 $248 -12.0%$206 $218 -5.3%105.7 113.7 -7.0% July $271 $286 -5.3%$282 $269 4.7%96.3 106.4 -9.5% August $260 $275 -5.3%$267 $267 0.1%97.3 102.9 -5.4% September $224 $220 1.9%$247 $223 11.0%90.6 98.6 -8.1% October Historic $194 $202 -3.7%$223 $177 26.1%87.0 114.0 -23.7% November On the books $276 $277 -0.2%$272 $209 30.4%101.6 132.7 -23.4% December $756 $829 -8.8%$539 $625 -13.8%140.3 132.7 5.7% January $620 $722 -14.1%$543 $561 -3.2%114.3 128.7 -11.2% February $623 $687 -9.4%$580 $574 1.1%107.4 119.8 -10.4% March $636 $700 -9.3%$532 $539 -1.4%119.5 129.9 -7.9% April $418 $424 -1.4%$271 $242 12.1%154.0 175.0 -12.0% Grand total $395 $459 -13.9%$327 $334 -2.0%120.7 137.4 -12.1% Historic months total $243 $257 -5.5%$251 $231 8.7%96.6 111.2 -13.1% On the books months total $604 $693 -12.9%$480 $514 -6.5%125.8 134.9 -6.8% Vail Condo Properties Vail Hotel Properties INDEX REVENUE PER AVAILABLE ROOM RevPAR: YTD 2020/21 VS. YTD 2019/20 RevPAR: YTD 2020/21 VS. YTD 2019/20 Vail Condo Properties Vail Condo Properties Percent RevPAR as of:RevPAR as of:Percent RevPAR as of:RevPAR as of:Percent as an Index of as an Index of Change in Oct 31, 2020 Oct 31, 2019 Change in Oct 31, 2020 Oct 31, 2019 Change in Vail Hotel Properties Vail Hotel Properties Index: Month of Occupancy (2020/21 & 2019/20)(2020/21 season)(2019/20 season)YTD Occ. Rate (2020/21 season)(2019/20 season)Occ. Rate YTD 2020/21 YTD 2019/20 2020/21 vs. 2019/20 May $2 $12 -85.5%$7 $41 -83.6%24.9 28.1 -11.6% June $25 $81 -69.1%$32 $126 -74.3%77.0 63.9 20.5% July $121 $150 -19.4%$133 $189 -29.7%91.1 79.5 14.5% August $108 $109 -0.3%$144 $169 -15.2%75.5 64.2 17.6% September $72 $57 27.0%$110 $124 -11.3%65.2 45.5 43.2% October Historic $41 $29 40.5%$74 $67 10.3%55.2 43.3 27.4% November On the books $43 $31 39.2%$58 $50 15.3%75.4 62.4 20.8% December $191 $248 -22.8%$173 $273 -36.4%110.4 90.9 21.4% January $134 $233 -42.3%$87 $210 -58.6%154.5 110.9 39.3% February $129 $245 -47.2%$85 $229 -63.0%152.9 107.1 42.7% March $94 $145 -35.1%$69 $153 -54.7%136.2 95.2 43.1% April $13 $16 -16.7%$9 $24 -61.3%144.3 67.1 115.2% Grand total $84 $119 -29.0%$82 $138 -40.4%102.8 86.3 19.1% Historic months total $63 $76 -16.6%$84 $120 -30.1%75.6 63.4 19.2% On the books months total $104 $157 -34.1%$81 $156 -48.4%128.5 100.7 27.6% Custom Comparative Report Period: Bookings as of October 31, 2020