Yes, the occupancy rate in nightly rentals (condos, hotels etc) has been down by more than 20% since Thanksgiving. This week is better, maybe down 10-15%. The lodging community has dropped rates by up to 30% to attract visitors. The ski resort is giving lift tickets away to visitors that book the trip (lodging and air) through them.
Now that the customers are here, they are also less extravagant. Talking to other business owners, it is the high end restaurants that are taking the biggest hit. With only 4 days left to the month, it looks like we will be down about 15% from last year for the month.
Construction (also a big part of a resort community) is WAY off. Permit fees are down about 70% compared to last year. The real slow down started over the last summer and into the fall. The good news is that the comps should start getting easier by summer.
Last year this week we did 49K. We were hitting $4500 to $5000 a day in the delco and $3000 in our slice location. This year we did $4200 last night in the delco and about $2000 in the slice location. I think that will pick up for the next several days, but not enough to make up for the delcine over the first 3 week of the month. I am sure we will do over 40K for the week but I doubt it will be over 45K.