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May short-term rental and lodging sales tax collections are booming despite slight slowdown from April growth

Photo by Tripp Fay / Tripp Fay Photography Summit County continues to make a steady comeback in its sales tax collections as the local economy rebounds from the pandemic. Though significant growth is still happening, recent sales tax reports show that collections from short-term lodging, hotels and inns stalled slightly during May in some areas. According to Frisco’s sales tax report, the town’s collections for the month were up 45% compared with May 2020, which is a slight dip compared with sales tax collection growth the month before. The town’s April report showed its collections were up 55% compared to the same month in the prior year.

Fourth Street Crossing moving forward with grand openings to come this fall

Photo by Tripp Fay / Tripp Fay Photography Fourth Street Crossing is slowly but surely coming together with the parking garage open and the Bluebird Market and Indigo Hotel expected to open this fall. As Fourth Street Crossing is bringing the town of Silverthorne’s dream of a downtown area to life, the town also expects more development of the areas surrounding the project on Adams Avenue. The town owns some of the surrounding land and will look into moving its public works campus to make room for more downtown activity. Among other improvements, the roads around the development now have street parking and curbs, gutters and sidewalks.

Breckenridge Fourth of July parade makes triumphant return

Photo by Tripp Fay / Tripp Fay Photography   After a year with few in-person festivities, the Breckenridge Fourth of July parade made its comeback this year with hundreds of spectators lining Main Street to celebrate the holiday. The Firecracker 50 mountain bike race kicked off the event, followed by floats from front-line workers and local community organizations marching down Main Street from French Street to Park Avenue. Members of the Boy Scouts marched while holding a large American flag, while local firefighters, police and other first responders honked their horns in front of them. Leading the Boy Scouts were two boys holding a banner that read, “In celebration of all we missed and in anticipation of what’s to come. Happy Independence Day.”

Summer lodging occupancy outpaces pre-pandemic levels

Photo by Tripp Fay This time last year looked very different. Fourth of July parades were canceled, social distancing and masks were in full effect and some towns went as far as not planning any celebrations at all. The limited celebrations and travel restrictions made for an unconventional summer in Summit County, but this year paints a very different picture as about 74% of Summit County’s population is fully vaccinated and 82% have received at least one dose, according to Summit County’s website . The reopening of the community earlier this spring gave the local lodging industry more time to prepare for the hordes of visitors expected this summer, Toby Babich, president of the Breckenridge Lodging Association reported.

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