Retail Sales in Aspen Up 10% in 2014
The city sales tax report for 2014 is in. It appears the Aspen economy has more than rebounded.
People in Aspen shopped more, drank more, ate more and consumed pot more in 2014 than the previous year.
That’s according a recently-released sales tax consumption report, which shows economic activity within the city of Aspen last year is up 10 percent over 2013. That amounts to nearly $624 million in commerce.
Sports equipment, clothing and luxury goods were up significantly for the year. Combined, those categories generated around $153 million in sales. Restaurant and bars were up 11 percent, bringing in about $111 million dollars. And with recreational marijuana coming on the scene last March, sales in that category spiked dramatically. The liquor and marijuana category saw an increase of 25 percent, generating more than $13 million throughout 2014. All of those industries posted increases for the month of December as well. Another big gain last year was revenue generated by accommodations up thirteen percent. That amounts to more than one-hundred-seventy-three million dollars that flowed into the local economy.