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US LODGING INDUSTRY OVERVIEW PowerPoint Presentation
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US LODGING INDUSTRY OVERVIEW

US LODGING INDUSTRY OVERVIEW

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US LODGING INDUSTRY OVERVIEW

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  1. US LODGING INDUSTRY OVERVIEW Randy SmithSMITH TRAVEL RESEARCH

  2. Industry Analysis

  3. Past Performance

  4. Total United StatesRoom Supply/Demand Percent ChangeTwelve Month Moving Average – 1989 to August 2005 3.4% 0.6%

  5. Total U.S.Room Supply – Actual and Seasonally AdjustedJanuary 1989 to August 2005 CAGR – 2.1%

  6. Total United StatesRoom Supply Percent ChangeJan 2001 – August 2005

  7. Total U.S.Room Demand – Actual and Seasonally AdjustedJanuary 1989 to August 2005

  8. Total U.S.Room Demand – Seasonally AdjustedJanuary 1989 to 2005 August Peak CAGR – 2.7% CAGR – 1.9%

  9. Total United StatesRoom Demand Percent ChangeJan 2001 – August 2005

  10. Total U.S.Seasonally Adjusted Room Supply and DemandJanuary 1989 to August 2005 39.9% 37.1%

  11. Total United StatesOccupancy PercentTwelve Month Moving Average – 1989 to August 2005 64.9% 63.3% Feb 2001 Aug 05 62.2% Sep 95 & May 96 61.9 % December 1991 58.5% Aug 02 & May 03

  12. Total U.S.Occupancy PercentJanuary 1989 to August 2005

  13. Total U.S.Occupancy Percent – 12 Month MA and Seasonally AdjustedJanuary 1989 to August 2005 12 MA Lags

  14. Total U.S.Occupancy PercentJanuary 1989 to August 2005 12 MA Lags

  15. Total United StatesOccupancy/ADR Percent ChangeTwelve Month Moving Average – 1989 to August 2005 Divergence? Divergence

  16. Total United StatesAverage Daily RateTwelve Month Moving Average – 1989 to August 2005 $86.36 June 2001 Peak CAGR – 4.4% $89.13 Aug 05 Long Term CAGR – 2.9% $54.93 Jan 1989

  17. Total United StatesRevPAR Percent ChangeTwelve Month Moving Average – 1989 to August 2005 8.1% 6.5% 6.5% Feb 01 Feb 05 8.1% Feb 97 -2.6% Oct 91 -10.6% Jun 02

  18. Total U.S.Seasonally Adjusted Room RevenuesJanuary 1989 to August 2005 Peak CAGR – 7.1% Long-Term CAGR – 4.9%

  19. Total United StatesKey Performance Indicators Percent ChangeAugust YTD

  20. Total United StatesOccupancy Percent 28-Day Moving AverageAug 7, 2005– October 16, 2005

  21. Total United StatesADR 28-Day Moving AverageAugust 7, 2005 – October 16, 2005

  22. Total United StatesRevPAR 28-Day Moving AverageAugust 7, 2005– October 16, 2005

  23. Chain Scale Performance

  24. Chain ScalesSupply/Demand Percent ChangeAugust 2005 YTD

  25. Chain ScalesOccupancy/ADR Percent ChangeAugust 2005 YTD

  26. Chain ScalesRevPAR/Room Revenue Percent ChangeAugust 2005 YTD

  27. Location Performance

  28. Location SegmentsOccupancy PercentAugust 2005 YTD

  29. Location SegmentsAverage Daily Rate (In Dollars)August 2005 YTD

  30. Location SegmentsSupply/Demand Percent ChangeAugust 2005 YTD

  31. Location SegmentsOccupancy/ADR Percent ChangeAugust 2005 YTD

  32. Location SegmentsRevPAR/Room Revenue Percent ChangeAugust 2005 YTD

  33. Market Performance

  34. Key 15 MarketsRoom Supply Percent ChangeAugust 2005 YTD Year over Year

  35. Key 15 MarketsRoom Demand Percent ChangeAugust 2005 YTD Year over Year

  36. Key 15 MarketsOccupancy PercentAugust 2005 YTD

  37. Key 15 MarketsOccupancy Percent ChangeAugust 2005 YTD Year over Year

  38. Top 15 MarketsADR August 2005 YTD

  39. Key 15 MarketsADR Percent ChangeAugust 2005 YTD Year over Year

  40. Top 10 MarketsLTM August 2005 RevPar Change 34.2% 32.2% 18.9% 16.6% 16.4% 16.2% 16.0% 15.8% 14.2% 12.0% Source: Smith Travel Research

  41. Bottom 10 MarketsLTM August 2005 RevPar Change Source: Smith Travel Research

  42. Top 25 MarketsRevPAR ($)August 2005 YTD

  43. California Market Share of Total USRoom Supply, Demand and Room RevenueJanuary 1989 – August 2005

  44. Florida Market Share of Total USRoom Supply, Demand and Room RevenueJanuary 1989 – August 2005

  45. New York City Market Share of Total USRoom Supply, Demand and Room RevenueJanuary 1987 – August 2005

  46. Hurricane Katrina Impactas of 10/07/2005 SMITH TRAVEL RESEARCH

  47. New Orleans • 265 Hotels – 39K Rooms • $1 Billion annual room revenue • #17 based on room revenue • #18 based on room supply

  48. 8 Impacted Tracts

  49. 8 Impacted TractsYTD OCC through July 2005 64.2% 77.3% 65.2% 62.5% 75.2% 72.8% 66.0% 59.3%

  50. 8 Impacted Tracts – Verified Open/Close* *as of 10/07/2005