Once again, the smaller hotels (62 rooms) far exceeded the larger hotels (393 rooms) in the occupancy category, 72% vs. 52%. ADR (average daily rate) for the smaller hotels increased a bit over last month to $460, and the larger hotels dipped slightly to $813. Townwide, this meant an occupancy of 55% and an ADR of $750.
The most interesting thing to me this month is twofold: first, at the current pace of the TOT collection, the Town will make over $9M in collections for the fiscal year 2021/2022. This will leave over $2M in revenue that can be utilized for a multitude of items for the fiscal year 2022/2023. Second, will the travelers paying these rates and coming to Yountville be immune to everything in the world/economy/pricing/supply chain discussion. We still have April, which I will bet was another solid month; let’s see what May brings.