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Financial and industry data for the first quarter of 2020 aren’t exactly a portrayal of a thriving local retail economy, but they also show that a recovery is in motion. A report issued Monday by the city of Aspen’s finance department was a mixed bag. It showed the hardest hit retail sectors January-through-March were restaurants and accommodations, with their respective sales totals respectively down 27.1% and 27% from the same three months in 2020. On the brighter side, of the 12 other industries tracked by city, 10 saw sales increases in this year’s first quarter over January through...

Staff Report Aspen’s retail economy limped through February with a 20.3% drop in taxable sales from the same month last year, according to the city’s monthly tax consumption report issued Tuesday. “While feedback from the business community has improved in the month of March and are anticipated to reflect more positively in next month’s reporting, February still reflected an economy that was constricted by tighter public health orders as COVID cases escalated after the holidays,” wrote Anthony Lewin, the city’s senior tax auditor, in the report. Retail sales amounted to $70.8 mill...

This pie chart from the city of Aspen’s Finance Department shows how the accommodations industry fared in December. Short-term rentals comprised approximatey one-third of the total. The city of Aspen’s finance whizzes are starting to get a better understanding of the impacts short-term rentals are having on the lodging industry as well as the greater community. With $6.5 million generated in taxable revenue in December, short-term rentals in Aspen accounted for approximately one-third of the sales tax revenue the city collected from the lodging sector in December. Traditional lodging post...

Staff report Both December and year-end totals for 2020 showed overall drops in retail sales in Aspen, according to a report issued Thursday by the city Finance Department. These charts break down sales performance by business sectors in both December and the entire 2020. (Source: Finance Department, city of Aspen) December retail sales in Aspen plummeted by 37.3% to cap off a year that saw an overall decrease of 6.9% because of pandemic restrictions enacted to stem the spread of COVID-19 cases. The city Finance Department’s monthly tax consumption report, which came out Thursday, also show...