Vail lodging up, retail down in August
Vail, CO, Colorado
Vail’s sales tax collections were a mixed bag in August, with significant gains in the lodging and food and beverage sectors paired with a drop in retail sales.
Numbers for August, the most recent available, showed jumps of nearly 15 percent in lodging and 14.5 percent in food and beveral, but a drop of 7.7 percent in retail sales compared to August of 2009.
While the retail sector dropped overall, that was fueled almost entirely by out of town sales, which fell more than 60 percent. Retail sales in Lionshead and Vail Village actually increased in August, by 6.6 and 7.1 percent, respectively. The “out of town” category applies to anything purchased from a company not located in Vail, but subject to town sales tax.
The biggest single jump on the town of Vail’s August report came from lodging in Lionshead, which jumped by 36 percent over August of last year. The other big increase came from food and beverage sales in Lionshead, up 31.2 percent from the previous year.
The biggest percentage drop in Vail proper came from sales tax collections in “other” category in Vail Village. Those collections fell by 45.7 percent, but that’s a difference of about $2,700.