Snowy March sees better days for Snowmass sales | AspenTimes.com

Snowy March sees better days for Snowmass sales

Staff report
Snowmass Sun

A snowy March saw a big improvement in revenue for Snowmass Village retailers.

Sales totaled more than $28 million for the month, a 15 percent increase over March 2012. That puts the winter through March up 10.4 percent over the prior ski season, according to a report from the town Finance Department.

March 2012, which saw very limited snowfall, was the only month to see a decrease in revenue all ski season. However, total sales in March of this year also came in slightly higher than the $27 million seen in March 2011.

Most industry categories showed increased revenue in March. Lodging, which accounted for almost half of all sales, saw a 15.2 percent increase over the same month last year. Restaurant revenue jumped 23 percent, sports equipment and clothing rose 15.1 percent, food, drug and liquor stores rose 4.8 percent, and general retail increased by 19.9 percent.

Utilities dipped by 0.6 percent, and the miscellaneous category dropped by 14 percent.

Lodging tax revenue rose by 13.1 percent.

The real estate transfer tax brought in more than $200,000 in March. One major transaction in March was the sale of the Snowmass Club to Toll Golf for $9.1 million.

Sales tax revenue for the year to date is up 13 percent over the January-to-March period last year.


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