Vail summer bookings up as sales dip
Vail, CO Colorado
VAIL, Colorado “Advance bookings for Vail, Colorado for the early summer months are “gaining strength,” says the Vail Valley Partnerships, a regional chamber of commerce.
Bookings for the month of May are actually up almost 3 percent compared to last year, and June bookings are up 14 percent.
But Vail’s sales tax revenues continued to drop in February, with the month’s numbers coming in more than 16 percent down compared to 2008, the town reported.
Preliminary estimates show that the town will collect about $2.6 million for February, almost $500,000 less than last February and 10 percent less than what the town expected to collect.
That is a slightly bigger drop than January, when sales tax collections were down 13.5 percent from 2008 levels. Sales taxes are the single largest source of town revenue.
Sales tax revenues for the ski season from November to February are down more than 11 percent, or $1.1 million, from last ski season.
Lift taxes, a tax collected from the resort based on the number of skiers, continue to be down also. February lift tax is down 10.4 percent or about $79,000 from February 2008. For the entire ski season, revenue from the tax is down 3.6 percent from last ski season.
Resort research shows that hotel stays at resort lodges ” another indicator of visitor business ” are also following the downward trend. Occupancy numbers at a sampling of ski resort towns including Vail were down almost 15 percent for February, according to the Mountain Travel Research Program.
Staff Writer Melanie Wong can be reached at 970-748-2928 or firstname.lastname@example.org.