As of last night, October is officially an “up” month which makes 4 of the last 5 months with increases. No rock star stuff, just a few points here and there. It looks like Oct will be 8-9% up which is where September was too. Even better, labor was down 3K compared to last year.
It was a LONG slide in this resort town. Beginning with Oct 2008, every month from then through May of this year was a comp decline. Overall the decline was 35% from the peak. Starting with June all months have been up except August which was down 3.8%. We have a long way to go to get back to where we were in 2006/2007 and early 2008 but things are looking up right now!
It is a relief I can tell you!
It was a LONG slide in this resort town. Beginning with Oct 2008, every month from then through May of this year was a comp decline. Overall the decline was 35% from the peak. Starting with June all months have been up except August which was down 3.8%. We have a long way to go to get back to where we were in 2006/2007 and early 2008 but things are looking up right now!
It is a relief I can tell you!
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