Have Higher Transportation Costs and a Slowing U.S. Economy Shifted Lodging Demand Within Lodging Sectors?
|
|
- Darcy Day
- 5 years ago
- Views:
Transcription
1 Have Higher Transportation Costs and a Slowing U.S. Economy Shifted Lodging Demand Within Lodging Sectors? Trends and implications for sales and marketing strategies: Hotel Sales Strategy Conference Washington, DC September 9, 2008 An examination of trends in room demand, market share, weekday vs. weekend market share, ADR, and RevPAR by six hotel sectors in the top 25 U.S. travel cities and destinations to July 2008 Stephen C. Morse, Ph.D. Director & Economist Tourism Institute University of Tennessee Knoxville, TN and Chad D. Church Manager, Industry Research Smith Travel Research Hendersonville, TN
2 About This Study Julie Jones Director of Special Interest Groups HSMAI Advisory Board Hotel Director of Sales & Marketing Special Interest Group Chair: Mark D. Thompson, Vice President of Marketing, Irving Texas CVB Vice-Chair: Heather Allison-Smith, Director of Sales and Marketing, Ritz- Carlton, St. Louis Bart Berkey, Director of Talent Acquisition-Sales & Marketing, Ritz-Carlton Hotels Susan Cecere, CHME, Director of Revenue Dev., Carlson Hotels Worldwide Lisa French, Area Account Executive, Marriott International John Hawley, Director of Client & Industry Relations, Dana Communications Linda Hwong, Area Account Executive, Marriott International Ron Loman, Director of Field Sales, Crestline Hotels & Resorts, Inc. Laurie Meacham, CMP, Director of National Sales, The Broadmoor Hotel Lynn Mucciano, Corporate Director of Marketing, Turnberry Associates Dennis Noonan, Director of Sales, Nemacolin Woodlands Resort Jean Spaulding, Senior Vice President, Market Analysis & Business Development, Noble Investment Group Cheryl Street, Director of Sales & Marketing, Hampton Inn & Suites - Surprise, Arizona Advisory Board Sales and Marketing Faculty Special Interest Group Chair: Thomas Cannon, University of Texas-San Antonio Vice Chair: Dan Creed, Normandale Community College Eric Brey, University of Memphis Katie Davin, CHE, Johnson & Wales University, Providence, RI Robin DiPietro, University of Nebraska-Lincoln Mike Hampton, Lynn University Steve Morse, University of Tennessee Mark Newton, Gwinnett Technical College Donna Quadri-Felitti, New York University Marcia Taylor, East Carolina University In June 2008, the Hotel Director of Sales and Marketing Special Interest Group (HDOSM-SIG) of the Hospitality Sales & Marketing Association International (HSMAI) issued a call for papers to the Sales & Marketing Faculty SIG of HSMAI for inclusion in the Hotel Sales and Marketing Conference Sept. 9. Proposals for research papers were received and reviewed by the Faculty SIG s research committee, and the selection of this paper was made for the inclusion at the conference. Data Source: Smith Travel Research All data sources in this study are from Smith Travel Research, Hendersonville, TN. Special thanks to Duane Vinson, Brad Garner, and Chad Church from Smith Travel Research. Authors Stephen C. Morse, Ph.D. Director & Economist Tourism Institute Hotel, Restaurant, & Tourism Mgt. University of Tennessee Knoxville, TN Ph: (865) ; smorse@utk.edu Web: and Chad D. Church Manager, Industry Research Smith Travel Research 735 East Main St. Hendersonville, TN Ph: (615) , Ext chad@smithtravelreseearch.com Web: Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 2
3 Table of Contents Introduction: Executive Summary p. 4-5 Introduction & Purpose of Study p. 6 Background of Study p. 6 Methodology & Data p. 6 Analysis & Implications for Sales & Marketing: Have Travelers Shifted Lodging Demand Within Lodging Sectors? p. 7 Trends in Weekend (leisure) Room Demand p. 8 Trends in Weekday (business) Room Demand p. 9 Trends in Occ. Rate, ADR, and RevPAR by Six hotel sectors p. 10 Weekday vs. Weekend Market Share of Rooms Sold, Top 25 U.S. Travel Cities & Destinations, p Trends for Top 25 U.S. Cities, : A) Market Share of Rooms Sold by Hotel Sector; B) Occ. Rate, ADR, RevPAR; C) Weekday vs. Weekend Market Share of Rooms Sold by Hotel Sector Orlando, FL p. 13 Anaheim - Santa Ana, CA p. 14 Los Angeles - Long Beach, FL p. 15 San Diego, CA p. 16 San Francisco - San Mateo, CA p. 17 Washington, DC - MD - VA p. 18 Miami - Hialeah, FL p. 19 Tampa - St. Petersburg, FL p. 20 Atlanta, GA p. 21 Chicago, IL p. 22 Oahu Island, HI p. 23 New Orleans, LA p. 24 Boston, MA p. 25 New York, NY p. 26 Philadelphia, PA - NJ p. 27 Dallas, TX p. 28 Houston, TX p. 29 Seattle, WA p. 30 Phoenix, AZ p. 31 Denver, CO p. 32 Detroit, MI p. 33 Minneapolis - St. Paul, MN - WI p. 34 Nashville, TN p. 35 Norfolk - Virginia Beach, VA p. 36 St. Louis, IL - MO p. 37 Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 3
4 Purpose of the Study: Executive Summary The purpose of this study is to examine if higher travel transportation costs and a slowing U.S. economy has shifted lodging demand for leisure and business travelers within lodging sectors from July Methodology & Data: Room demand in six hotel sectors in the top 25 U.S. travel cities and destinations were examined over a two year and seven month time period from January 2006 to July Data from Smith Travel Research reporting annual room demand for weekday vs. weekend, market share of room demand for the six hotel sectors in each city, occupancy rates, ADR s, and RevPar s were examined over the time period. The six hotel sectors examined are 1), 2) Upper, 3), 4), and 5). Main Question: Have Higher Transportation Costs and a Slowing U.S. Economy Shifted Lodging Demand Within Lodging Sectors? Summary of Analysis: There has been steady and slightly increase in demand in the and Upper markets, which have gained market share of. There has been deceases in market share of for,, Midscale without F&B, and sectors Weekend Room Demand (leisure travel) - For the top 25 U.S. travel cities, all but two cities saw a decrease in market share of to weekend travelers for year to date July 2008 compared with Philadelphia and St. Louis were the only two cities showing an increase in weekend share demand as a. Weekend leisure travel demand is generating less percent market share of. Weekday Room Demand (business travel) - For the top 25 U.S. travel cities, all but two cities showed increases in market share of to weekday travelers for year to date July 2008 compared with Philadelphia and St. Louis were the only two cities showing an decrease in weekday market share demand as a. Weekday business travel is generating larger percent shares of. Market Share of Rooms Sold by Hotel Sector: - a majority of markets show an increase in market share of. Upper - most markets show increases in market share of. - most markets show little change or small increases in market share of. - most markets show decreases in market share of. Midscale without F&B - most markets show little change or small increases in market share of. - all but one market showed decreases in market share of. The San Francisco - San Mateo market is the only market showing an increase in percent share of. Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 4
5 Trends in Occ. Rate, ADR, and RevPAR by hotel sector in the top 25 U.S. travel cities: : Occ. Rates decreased slightly in 14 markets and increased slightly in 4 markets ADR increased in 15 markets, decreased in 3 markets RevPAR s mixed, increasing in 10 markets, deceasing in 8 markets Upper : Occ. Rates increased in 10 markets, decreased in 13 markets ADR increased in 19 markets, decreased in 4 markets RevPAR increased in 15 markets, decreased in 8 markets : Occ. Rates increased in 9 markets, decreased in 15 markets ADR increased in 20 markets, decreased in 2 markets RevPAR increased in 17 markets, decreased in 6 markets : Occ, Rates increased in 4 markets, decreased in 19 markets ADR increased in 20 markets, decreased in 3 markets RevPAR increased in 11 markets, decreased in 12 markets Midscale without F&B: Occ. Rates increased in 3 markets, decreased in 19 markets ADR increased in 21 markets, decreased in 1 market RevPAR increased in 14 markets, decreased in 8 markets : Occ. Rates increased in 4 markets, decreased in 18 markets ADR have increased in 18 markets, decreased in 4 markets RevPAR increased in 6 markets, decreased in 16 markets Implications for Sales & Marketing Strategies: Weekend leisure travel has decreased as a total rooms, indicating opportunities for sales to local drive-to markets could be sales and marketing focus. Weekday business travel has increased as a total rooms, indicating strong business demand and opportunities to limit discounting to business travelers. Lower occupancy rates in,, Midscale without F&B, and sectors indicate opportunities for sales and marketing efforts to closer drive-to travelers. ADR s across all sectors have remained strong in the first half of However there is some evidence of eroding hotel rated and increased discounting in the second half of Revenue Management decisions should limit discounting as lower hotel rates have bee shown to be little influence on travel decisions, with gas and airfares being more important in driving demand than lower hotel rates. Little discounting is needed as discounting will only erode revenue from existing travelers and not influence overall demand for travel. Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 5
6 Have Higher Transportation Costs and a Slowing U.S. Economy Shifted Lodging Demand Within Lodging Sectors? Introduction & Purpose The purpose of this study is to examine if higher travel transportation costs and a slowing U.S. economy has shifted lodging demand for leisure and business travelers within lodging sectors. This study examines trends in room demand, market share, leisure and business travel with weekday vs. weekend occupancy, ADR, and RevPAR in the top 25 U.S. travel cities and destinations for 2006 to July 2008 by five hotel sectors including: 1) hotels 2) Upper hotels 3) hotels 4) 5) Midscale without F&B 6) Background Gas prices and airfare prices have sharply increased since January Higher transportation costs impact many choices in consumer s decision to travel. Those consumers choosing to travel in light of higher transportation prices may choose to substitute lower quantities and lower priced services of other travel purchases (hotel rooms, restaurant meals) freeing up more money to purchase gas and airfare during their trip. In the retail sector of the economy, there is evidence in light of the U.S. slowdown some consumers have chosen to favor lower priced retailers. For example, some consumers that prior to the economic slowdown shopped at higher-end retailers such as Macy s, Target, and JC Penney have now chosen to spend at lower priced retailers such as Wal-Mart and other discount retailers. Similarly, since April 2006 when nationwide gas prices first increased to over $3 per gallon, and airfares increased substantially, these increases in transportation costs have taken a larger share of both leisure and business traveler s budgets. Some hotel sales professionals believe these increased transportation costs and the slowing U.S. economy have contributed to a shift in demand within the hotel sector as both leisure and business travelers trade-off higher transportation costs for lower priced and valued properties. Methodology & Data Room demand in six hotel sectors in the top 25 U.S. travel cities and destinations were examined over a two year and seven month time period from January 2006 to July Data from Smith Travel Research reporting annual room demand for weekday vs. weekend, market share of room demand for the six hotel sectors in each city, occupancy rates, ADR s, and RevPar s were examined over the time period. Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 6
7 Have Travelers Shifted Demand Within Lodging Sectors in the Period July 2008? - a majority of markets show an increase in market share of. Upper - most markets show increases in market share of. - most markets show little change or small increases in market share of. - most markets show decreases in market share of. Midscale without F&B - most markets show little change or small increases in market share of total rooms. - all but one market showed decreases in market share of. San Francisco - San Mateo market is the only market showing an increase in percent share of. Implications for Sales & Marketing Strategies The most significant shift in lodging demand is shown to be a moderate shift away from the sector, and a small shift away from the sector. Strong demand exists in the and Upper markets. Limited discounting in all markets as lower hotel rates will not drive travel demand. Boston, MA Hotel Market Share: of Rooms Sold by, * * 4.0% 4.8% 5.3% Upper 41.5% 41.3% 41.8% 21.0% 20.3% 20.4% 10.5% 10.3% 9.9% 11.2% 11.3% 11.1% 11.7% 12.0% 11.6% Source: Smith Travel Research Washington, D C -MD -V A Hotel Market Share: of Rooms Sold by, * * 5.2% 5.6% 5.3% Upper 34.5% 35.3% 36.8% 18.4% 18.7% 18.8% 13.6% 13.1% 12.4% 14.5% 14.5% 14.6% 13.8% 12.8% 12.1% Los Angeles-Long Beach, CA Hotel Market Share: of Rooms Sold by, * * 4.7% 4.6% 4.5% Upper 28.4% 28.7% 29.3% 13.3% 13.4% 13.6% 11.9% 12.4% 12.4% 6.1% 6.2% 6.2% 35.6% 34.7% 34.0% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 7
8 Weekend Room Demand (leisure travel) For the top 25 U.S. travel cities, all but two cities saw a decrease in market share of weekend travelers for year to date July 2008 compared with Philadelphia and St. Louis were the only two cities showing an increase in weekend share demand as a. At right, the top 25 U.S. travel cities are ranked from largest percent change to smallest percent change in weekend market share from July For example, for Philadelphia, weekend total rooms was 26.4% of all rooms, while in 2008 weekend all rooms was 27.4%, representing an increase of +0.9% increase in weekend market share all rooms. Implications for Sales & Marketing Strategies Weekend room demand indicates leisure travel has decreased in 23 out of the top 25 U.S. travel markets in In areas where 2008 weekend market share has decreased, sales and marketing focus on generating local leisure demand. Deep discounting will not increase leisure travel demand. Strategic and limited discounting to local leisure travelers may generate local weekend demand. Change in Market Share of Weekend Room Demand (leisure demand), July ) Philadelphia, PA - NJ +0.9% 2) St. Louis, MO +0.5% 3) San Diego, CA -0.3% Washington, DC - MD - VA -0.3% 4) Norfolk - Virginia Beach, VA -0.6% 5) Boston, MA -0.9% 6) Atlanta, GA -1.2% 7) Tampa - St. Petersburg, FL -1.4% Detroit, MI -1.4% 8) New Orleans, LA -1.6% 9) Seattle, WA -1.8% 10) Minneapolis - St. Paul, MN -2.2% Los Angeles - Long Beach, CA -2.2% 11) Anaheim - Santa Ana, CA -2.6% 12) Phoenix, AZ -2.6% 13) Chicago, IL -2.6% 14) Nashville, TN -2.7% Dallas, TX -2.7% Miami - Hialeah, FL -2.7% 15) Houston, TX -3.2% 16) Oahu Island, HI -3.8% 17) New York, NY -4.2% 18) San Francisco San Mateo, CA -4.7% Average Change Top 25 Cities -2.9% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 8
9 Weekday Room Demand (business travel) For the top 25 U.S. travel cities, all but two cities showed increases in market share of weekday travelers for year to date July 2008 compared with Philadelphia and St. Louis were the only two cities showing an decrease in weekday market share demand as a. At right, the top 25 U.S. travel cities are ranked from largest percent change to smallest percent change in weekend market share from July For example, San Francisco - San Mateo, CA market had 68.4% of to weekday travelers in 2007, while to July 2008, the market share of total market share of rooms to weekday travelers increases to 73.1%, representing an increase in weekday market share of +4.7% during this period. Implications for Sales & Marketing Strategies Weekday travels indicates business travel is steady in 23 our of the top 25 travel markets in the U.S. Sales, marketing, and revenue management strategies should include limited discounting in strong business travel markets. Deep discounting could erode revenue in strong markets. Change in Market Share of Weekday Room Demand (business demand), July ) San Francisco - San Mateo, CA +4.7% 2) New York, NY +4.2% 3) Oahu Island, HI +3.8% 4) Houston, TX +3.2% 5) Nashville, TN +2.7% Dallas, TX +2.7% Miami - Hialeah, FL +2.7% 6) Chicago, IL +2.6% 7) Phoenix, AZ +2.6% 8) Anaheim - Santa Ana, CA +2.6% 9) Minneapolis - St. Paul, MN +2.2% Los Angeles - Long Beach, CA +2.2% 10) Seattle, WA +1.8% 11) New Orleans, LA +1.6% 12)Tampa - St. Petersburg, FL +1.4% Detroit, MI +1.4% 13) Atlanta, GA +1.2% 14) Boston, MA +0.9% 15) Norfolk - Virginia Beach, VA +0.6% 16) San Diego, CA +0.3% Washington, DC - MD - VA +0.3% 17) St. Louis, MO -0.5% 18) Philadelphia, PA - NJ -0.9% Average Change Top 25 Cities +2.9% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 9
10 Trends in 2008 vs, 2007 Occ. Rate, ADR, and RevPAR by Hotel Sector: : Occ. Rates decreased slightly in 14 markets and increased slightly in 4 markets ADR increased in 15 markets, decreased in 3 markets RevPAR s mixed, increasing in 10 markets, deceasing in 8 markets Upper : Occ. Rates increased in 10 markets, decreased in 13 markets ADR increased in 19 markets, decreased in 4 markets RevPAR increased in 15 markets, decreased in 8 markets : Occ. Rates increased in 9 markets, decreased in 15 markets ADR increased in 20 markets, decreased in 2 markets RevPAR increased in 17 markets, decreased in 6 markets : Occ, Rates increased in 4 markets, decreased in 19 markets ADR increased in 20 markets, decreased in 3 markets RevPAR increased in 11 markets, decreased in 12 markets Midscale without F&B: Occ. Rates increased in 3 markets, decreased in 19 markets ADR increased in 21 markets, decreased in 1 market RevPAR increased in 14 markets, decreased in 8 markets : Occ. Rates increased in 4 markets, decreased in 18 markets ADR have increased in 18 markets, decreased in 4 markets RevPAR increased in 6 markets, decreased in 16 markets Implications for Sales & Marketing Strategies: Sales & revenue managers should limit discounts as lower hotel rates do not drive travel demand, and only erodes revenue from travelers. and Upper markets remain strong, no discounting needed,, Midscale without F&B, and markets are stronger in resort Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 10
11 Rooms Sold, Top 25 U.S. Travel Cities & Destinations, Top 25 U.S. Cities & Destinations Average Top 25 Markets Weekday Weekend % 32.1% 100% % 30.8% 100% 2008* 72.2% 27.9% 100% Phoenix, AZ Weekday Weekend % 32.3% 100% % 28.6% 100% 2008* 74.1% 25.9% 100% Anaheim Santa Ana, CA Weekday Weekend % 32.6% 100% % 30.2% 100% 2008* 72.5% 27.5% 100% Los Angeles Long Beach, CA Weekday Weekend % 32.9% 100% % 29.1% 100% 2008* 73.1% 26.9% 100% San Diego, CA Weekday Weekend % 32.2% 100% % 29.4% 100% 2008* 70.9% 29.1% 100% San Francisco/San Mateo, CA Weekday Weekend % 33.9% 100% % 31.6% 100% 2008* 73.1% 26.9% 100% Denver, CO Weekday Weekend % 30.6% 100% % 27.7% 100% 2008* 74.8% 25.2% 100% Washington, DC MD VA Weekday Weekend % 28.6% 100% % 25.6% 100% 2008* 74.7% 25.3% 100% Miami Hialeah, FL Weekday Weekend % 35.0% 100% % 31.1% 100% 2008* 71.6% 28.4% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Top 25 U.S. Cities & Destinations Orlando, FL Weekday Weekend % 34.5% 100% % 31.8% 100% 2008* 71.8% 28.2% 100% Tampa St Petersburg, FL Weekday Weekend % 33.3% 100% % 28.7% 100% 2008* 72.7% 27.3% 100% Atlanta, GA Weekday Weekend % 34.7% 100% % 29.2% 100% 2008* 72.0% 28.0% 100% Oahu Island, HI Weekday Weekend % 34.5% 100% % 30.8% 100% 2008* 73.0% 27.0% 100% Chicago, IL Weekday Weekend % 33.0% 100% % 30.5% 100% 2008* 72.0% 28.0% 100% New Orleans, LA Weekday Weekend % 36.2% 100% % 32.0% 100% 2008* 69.6% 30.4% 100% Boston, MA Weekday Weekend % 30.4% 100% % 26.8% 100% 2008* 74.1% 25.9% 100% Detroit, MI Weekday Weekend % 30.3% 100% % 27.8% 100% 2008* 73.5% 26.5% 100% Minneapolis St Paul, MN WI Weekday Weekend % 31.4% 100% % 28.1% 100% 2008* 74.1% 25.9% 100%
12 Rooms Sold, Top 25 U.S. Travel Cities & Destinations, Top 25 U.S. Cities & Destinations St. Louis, MO IL Weekday Weekend % 33.2% 100% % 28.3% 100% 2008* 71.2% 28.8% 100% New York, NY Weekday Weekend % 33.4% 100% % 30.3% 100% 2008* 73.9% 26.1% 100% Philadelphia, PA NJ Weekday Weekend % 30.9% 100% % 26.4% 100% 2008* 72.6% 27.4% 100% Nashville, TN Weekday Weekend % 36.2% 100% % 31.1% 100% 2008* 71.6% 28.4% 100% Dallas, TX Weekday Weekend % 30.5% 100% % 26.9% 100% 2008* 75.8% 24.2% 100% Houston, TX Weekday Weekend % 29.6% 100% % 26.5% 100% 2008* 76.6% 23.4% 100% Norfolk Virginia Beach, VA Weekday Weekend % 35.3% 100% % 31.3% 100% 2008* 69.3% 30.7% 100% Seattle, WA Weekday Weekend % 31.2% 100% % 28.5% 100% 2008* 73.3% 26.7% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of
13 Orlando, FL: Market Share Analysis, * Orlando, FL Hotel Market Share: of Rooms Sold by, * * 9.0% 9.1% 8.8% Upper 18.5% 19.0% 19.1% 20.9% 22.6% 22.8% 12.6% 12.4% 12.8% 14.5% 14.0% 14.0% 24.4% 23.0% 22.6% Orlando, FL Hotel Performance by, * % 74.8% 0.6% $ $ % $ $ % % 75.3% 0.8% $ $ % $ $ % 2008* 78.3% 79.6% 1.6% $ $ % $ $ % Upper % 73.4% 0.6% $ $ % $ $ % % 73.0% 1.0% $ $ % $ $ % 2008* 78.4% 77.9% 0.7% $ $ % $ $ % % 75.2% 5.0% $95.48 $ % $68.15 $ % % 71.4% 1.0% $99.33 $ % $71.61 $ % 2008* 75.4% 77.8% 3.0% $ $ % $79.03 $ % % 68.9% 1.7% $68.34 $ % $46.28 $ % % 67.7% 3.0% $68.63 $ % $45.09 $ % 2008* 70.1% 71.2% 1.6% $70.98 $ % $49.73 $ % % 72.3% 5.0% $70.03 $ % $48.08 $ % % 68.7% 0.5% $73.27 $ % $50.06 $ % 2008* 71.6% 72.5% 1.3% $76.48 $ % $54.73 $ % % 64.2% 8.9% $44.77 $ % $26.21 $ % % 58.5% 2.8% $44.84 $ % $25.52 $ % 2008* 59.8% 62.0% 3.6% $43.56 $ % $26.05 $ % Orlando, FL Rooms Sold by, * Orlando, FL: Weekday Weekend % 34.0% 100% % 32.2% 100% 2008* 72.5% 27.5% 100% Upper Weekday Weekend % 34.2% 100% % 31.1% 100% 2008* 72.9% 27.1% 100% Weekday Weekend % 33.7% 100% % 30.8% 100% 2008* 71.7% 28.3% 100% Weekday Weekend % 35.1% 100% % 33.6% 100% 2008* 72.2% 27.8% 100% Midscale without F&B Weekday Weekend % 33.7% 100% % 30.6% 100% 2008* 72.6% 27.4% 100% Weekday Weekend % 36.2% 100% % 33.5% 100% 2008* 69.0% 31.0% 100% Orlando Market Weekday Weekend % 34.5% 100% % 31.8% 100% 2008* 71.8% 28.2% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 13
14 Anaheim-Santa Ana, CA: Market Share Analysis, * Anaheim-Santa Ana, CA Hotel Market Share: of Rooms Sold by, * * 3.1% 3.4% 3.3% Upper 29.9% 30.8% 31.1% 14.3% 14.2% 13.9% 12.0% 12.1% 12.0% 10.4% 10.3% 10.7% 30.2% 29.2% 29.0% Anaheim-Santa Ana, CA Hotel Performance by, * % 60.8% 8.4% $ $ % $ $ % % 65.9% 8.4% $ $ % $ $ % 2008* 70.6% 71.8% 1.7% $ $ % $ $ % Upper % 74.7% 4.6% $ $ % $ $ % % 71.2% 1.2% $ $ % $ $ % 2008* 73.9% 75.4% 1.9% $ $ % $ $ % % 74.3% 3.4% $ $ % $80.74 $ % % 71.8% 0.3% $ $ % $85.06 $ % 2008* 70.5% 74.2% 5.1% $ $ % $86.43 $ % % 72.7% 0.7% $87.07 $ % $62.90 $ % % 72.2% 0.3% $92.00 $ % $66.62 $ % 2008* 73.0% 74.7% 2.4% $95.64 $ % $69.78 $ % % 73.1% 2.6% $85.08 $ % $60.57 $ % % 71.2% 3.4% $91.94 $ % $63.24 $ % 2008* 69.9% 71.7% 2.5% $95.47 $ % $66.74 $ % % 74.1% 2.6% $58.63 $ % $42.30 $ % % 72.2% 1.6% $59.60 $ % $42.31 $ % 2008* 70.7% 74.1% 4.6% $59.70 $ % $42.19 $ % Anaheim-Santa Ana, CA Rooms Sold by, * Anaheim Santa Ana, CA: Weekday Weekend % 35.4% 100% % 31.7% 100% 2008* 68.5% 31.5% 100% Upper Weekday Weekend % 32.8% 100% % 30.7% 100% 2008* 72.7% 27.3% 100% Weekday Weekend % 30.5% 100% % 27.4% 100% 2008* 72.8% 27.2% 100% Weekday Weekend % 32.8% 100% % 30.3% 100% 2008* 72.5% 27.5% 100% Midscale without F&B Weekday Weekend % 31.6% 100% % 28.3% 100% 2008* 72.9% 27.1% 100% Weekday Weekend % 34.5% 100% % 31.3% 100% 2008* 71.5% 28.5% 100% Anaheim Market Weekday Weekend % 32.6% 100% % 30.2% 100% 2008* 72.5% 27.5% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 14
15 Los Angeles-Long Beach, CA: Market Share Analysis, * Los Angeles-Long Beach, CA Hotel Market Share: of Rooms Sold by, * * 4.7% 4.6% 4.5% Upper 28.4% 28.7% 29.3% 13.3% 13.4% 13.6% 11.9% 12.4% 12.4% 6.1% 6.2% 6.2% 35.6% 34.7% 34.0% Los Angeles-Long Beach, CA Hotel Performance by, * % 74.5% 2.9% $ $ % $ $ % % 72.3% 2.2% $ $ % $ $ % 2008* 76.3% 73.6% 3.7% $ $ % $ $ % Upper % 74.2% 2.6% $ $ % $ $ % % 76.2% 1.4% $ $ % $ $ % 2008* 77.8% 78.0% 0.3% $ $ % $ $ % % 81.1% 0.6% $ $ % $90.92 $ % % 80.6% 0.7% $ $ % $97.54 $ % 2008* 77.9% 81.1% 3.9% $ $ % $99.08 $ % % 74.3% 0.2% $91.22 $ % $67.60 $ % % 74.1% 1.7% $96.43 $ % $72.69 $ % 2008* 74.9% 76.0% 1.5% $99.81 $ % $74.72 $ % % 74.1% 0.1% $91.81 $ % $68.05 $ % % 74.1% 3.6% $98.49 $ % $70.38 $ % 2008* 69.6% 73.2% 4.9% $ $ % $70.66 $ % % 74.4% 0.6% $64.19 $ % $48.03 $ % % 74.8% 2.0% $66.91 $ % $49.04 $ % 2008* 71.7% 74.7% 4.0% $67.93 $ % $48.71 $ % Los Angeles-Long Beach, CA Rooms Sold by, * Los Angeles Los Angeles Long Beach, - Long Beach, CA: CA: Weekday Weekend % 32.9% 100% % 28.8% 100% 2008* 73.8% 26.2% 100% Upper Weekday Weekend % 32.9% 100% % 28.6% 100% 2008* 73.2% 26.8% 100% Weekday Weekend % 31.5% 100% % 27.9% 100% 2008* 73.6% 26.4% 100% Weekday Weekend % 33.1% 100% % 29.9% 100% 2008* 72.5% 27.5% 100% Midscale without F&B Weekday Weekend % 31.3% 100% % 27.0% 100% 2008* 74.2% 25.8% 100% Weekday Weekend % 34.1% 100% % 30.9% 100% 2008* 72.0% 28.0% 100% Los Angeles Market Weekday Weekend % 32.9% 100% % 29.1% 100% 2008* 73.1% 26.9% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 15
16 San Diego, CA: Market Share Analysis, * San Diego, CA Hotel Market Share: of Rooms Sold by, * * 6.6% 6.5% 6.6% Upper 25.8% 25.9% 26.9% 17.9% 18.1% 18.9% 9.1% 9.5% 9.3% 15.9% 16.4% 16.3% 24.7% 23.6% 22.0% San Diego, CA Hotel Performance by, * % 73.7% 2.4% $ $ % $ $ % % 72.0% 0.6% $ $ % $ $ % 2008* 70.8% 75.2% 5.7% $ $ % $ $ % Upper % 76.5% 1.1% $ $ % $ $ % % 77.4% 1.6% $ $ % $ $ % 2008* 78.7% 77.8% 1.1% $ $ % $ $ % % 76.2% 0.0% $ $ % $ $ % % 76.2% 1.3% $ $ % $ $ % 2008* 76.6% 76.1% 0.7% $ $ % $ $ % % 72.4% 1.3% $ $ % $78.98 $ % % 73.4% 1.3% $ $ % $82.76 $ % 2008* 71.6% 73.8% 3.0% $ $ % $83.92 $ % % 70.8% 3.0% $ $ % $73.79 $ % % 72.9% 1.1% $ $ % $81.13 $ % 2008* 73.3% 75.1% 2.5% $ $ % $83.89 $ % % 66.8% 2.7% $65.71 $ % $45.08 $ % % 68.6% 1.5% $67.95 $ % $47.31 $ % 2008* 68.6% 70.8% 3.0% $68.62 $ % $47.10 $ % San Diego, CA Rooms Sold by, * San Diego, CA: Weekday Weekend % 33.2% 100% % 31.6% 100% 2008* 68.1% 31.9% 100% Upper Weekday Weekend % 31.4% 100% % 28.6% 100% 2008* 70.7% 29.3% 100% Weekday Weekend % 28.5% 100% % 24.5% 100% 2008* 72.7% 27.3% 100% Weekday Weekend % 32.4% 100% % 30.6% 100% 2008* 71.1% 28.9% 100% Midscale without F&B Weekday Weekend % 31.7% 100% % 28.3% 100% 2008* 71.3% 28.7% 100% Weekday Weekend % 35.4% 100% % 31.9% 100% 2008* 70.4% 29.6% 100% San Diego Market Weekday Weekend % 32.2% 100% % 29.4% 100% 2008* 70.9% 29.1% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 16
17 San Francisco/San Mateo, CA: Market Share Analysis, * San Francisco/San Mateo, CA Hotel Market Share: of Rooms Sold by, * * 9.3% 9.3% 10.4% Upper 35.4% 34.9% 35.4% 17.1% 17.3% 16.4% 10.1% 10.1% 9.7% 6.1% 6.2% 6.0% 21.9% 22.3% 22.0% San Francisco/San Mateo, CA Hotel Performance by, * % 73.4% 2.5% $ $ % $ $ % % 71.6% 2.1% $ $ % $ $ % 2008* 75.6% 70.3% 7.5% $ $ % $ $ % Upper % 77.1% 1.2% $ $ % $ $ % % 76.2% 1.2% $ $ % $ $ % 2008* 78.6% 75.8% 3.7% $ $ % $ $ % % 73.0% 4.1% $ $ % $90.59 $ % % 76.0% 0.3% $ $ % $99.94 $ % 2008* 75.0% 75.5% 0.7% $ $ % $ $ % % 71.6% 3.4% $99.10 $ % $73.40 $ % % 74.1% 1.4% $ $ % $80.20 $ % 2008* 73.4% 73.9% 0.7% $ $ % $83.97 $ % % 67.8% 4.6% $94.22 $ % $66.83 $ % % 70.9% 2.0% $ $ % $76.41 $ % 2008* 72.7% 70.3% 3.3% $ $ % $80.52 $ % % 61.9% 8.1% $65.51 $ % $43.84 $ % % 66.9% 6.5% $68.88 $ % $49.12 $ % 2008* 71.6% 68.9% 3.9% $70.75 $ % $50.63 $ % San Francisco/San Mateo, CA Rooms Sold by, * San Francisco San - San Mateo, CA: CA: Weekday Weekend % 35.8% 100% % 32.4% 100% 2008* 73.3% 26.7% 100% Upper Weekday Weekend % 34.0% 100% % 32.2% 100% 2008* 73.0% 27.0% 100% Weekday Weekend % 31.1% 100% % 28.2% 100% 2008* 73.2% 26.8% 100% Weekday Weekend % 33.9% 100% % 32.1% 100% 2008* 73.3% 26.7% 100% Midscale without F&B Weekday Weekend % 31.7% 100% % 28.3% 100% 2008* 74.2% 25.8% 100% Weekday Weekend % 33.6% 100% % 30.1% 100% 2008* 73.6% 26.4% 100% San Francisco Market Weekday Weekend % 33.9% 100% % 31.6% 100% 2008* 73.1% 26.9% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 17
18 Washington, DC-MD-VA: Market Share Analysis, * Washington, DC-MD-VA Hotel Market Share: of Rooms Sold by, * * 5.2% 5.6% 5.3% Upper 34.5% 35.3% 36.8% 18.4% 18.7% 18.8% 13.6% 13.1% 12.4% 14.5% 14.5% 14.6% 13.8% 12.8% 12.1% Washington, DC-MD-VA Hotel Performance by, * % 71.5% 4.4% $ $ % $ $ % % 68.3% 3.8% $ $ % $ $ % 2008* 71.6% 73.4% 2.5% $ $ % $ $ % Upper % 75.1% 5.7% $ $ % $ $ % % 70.9% 1.8% $ $ % $ $ % 2008* 75.3% 75.3% 0.0% $ $ % $ $ % % 75.9% 5.2% $ $ % $ $ % % 71.9% 1.0% $ $ % $ $ % 2008* 73.9% 74.2% 0.5% $ $ % $ $ % % 66.6% 2.6% $ $ % $71.72 $ % % 64.9% 1.7% $ $ % $73.02 $ % 2008* 64.1% 67.0% 4.4% $ $ % $74.62 $ % % 73.1% 1.8% $98.78 $ % $70.84 $ % % 71.7% 3.0% $ $ % $71.98 $ % 2008* 70.1% 72.3% 3.0% $ $ % $74.98 $ % % 68.7% 6.2% $69.42 $ % $44.73 $ % % 64.4% 4.8% $70.89 $ % $43.50 $ % 2008* 62.5% 64.3% 2.9% $71.80 $ % $44.85 $ % Washington, DC-MD-VA Rooms Sold by, * Washington, Washington, DC-MD-VA: DC MD Hotel VA: Class Weekday Weekend % 30.5% 100% % 25.8% 100% 2008* 75.7% 24.3% 100% Upper Weekday Weekend % 27.9% 100% % 25.0% 100% 2008* 75.4% 24.6% 100% Weekday Weekend % 27.7% 100% % 23.9% 100% 2008* 74.5% 25.5% 100% Weekday Weekend % 28.6% 100% % 27.1% 100% 2008* 73.5% 26.5% 100% Midscale without F&B Weekday Weekend % 28.4% 100% % 24.6% 100% 2008* 73.7% 26.3% 100% Weekday Weekend % 32.4% 100% % 29.6% 100% 2008* 73.6% 26.4% 100% Washington DC Market Weekday Weekend % 28.6% 100% % 25.6% 100% 2008* 74.7% 25.3% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 18
19 Miami-Hialeah, FL: Market Share Analysis, * Miami-Hialeah, FL Hotel Market Share: of Rooms Sold by, * * 11.6% 12.8% 13.6% Upper 23.3% 22.4% 21.7% 15.7% 16.6% 16.9% 13.1% 12.9% 13.1% 10.4% 10.3% 9.9% 25.9% 25.1% 24.9% Miami-Hialeah, FL Hotel Performance by, * % 73.9% 0.0% $ $ % $ $ % % 73.9% 1.0% $ $ % $ $ % 2008* 77.8% 77.5% 0.5% $ $ % $ $ % Upper % 71.9% 1.0% $ $ % $ $ % % 71.2% 2.5% $ $ % $ $ % 2008* 77.5% 75.7% 2.5% $ $ % $ $ % % 75.5% 2.1% $ $ % $90.02 $ % % 73.9% 0.5% $ $ % $96.83 $ % 2008* 80.0% 77.1% 3.8% $ $ % $ $ % % 73.5% 1.1% $93.28 $ % $69.30 $ % % 74.3% 2.8% $ $ % $73.06 $ % 2008* 75.5% 75.5% 0.0% $ $ % $85.70 $ % % 79.3% 4.9% $94.52 $ % $71.22 $ % % 75.4% 1.0% $ $ % $77.18 $ % 2008* 77.1% 77.5% 0.5% $ $ % $83.65 $ % % 79.5% 6.5% $75.00 $ % $55.78 $ % % 74.4% 0.8% $80.00 $ % $60.00 $ % 2008* 76.0% 77.3% 1.7% $87.84 $ % $66.80 $ % Miami-Hialeah, FL Rooms Sold by, * Miami Hialeah, FL: Weekday Weekend % 35.7% 100% % 30.2% 100% 2008* 71.7% 28.3% 100% Upper Weekday Weekend % 34.8% 100% % 31.1% 100% 2008* 70.8% 29.2% 100% Weekday Weekend % 34.9% 100% % 31.1% 100% 2008* 73.3% 26.7% 100% Weekday Weekend % 35.9% 100% % 33.2% 100% 2008* 71.3% 28.7% 100% Midscale without F&B Weekday Weekend % 33.9% 100% % 30.0% 100% 2008* 74.4% 25.6% 100% Weekday Weekend % 34.4% 100% % 31.0% 100% 2008* 72.9% 27.1% 100% Miami Hialeah Market Weekday Weekend % 35.0% 100% % 31.1% 100% 2008* 71.6% 28.4% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 19
20 Tampa-St. Petersburg, FL: Market Share Analysis, * Tampa-St. Petersburg, FL Hotel Market Share: of Rooms Sold by, * * NA 3.0% 3.5% Upper NA 25.3% 26.0% NA 14.0% 14.3% NA 10.7% 10.8% NA 19.1% 19.1% NA 27.8% 26.3% TOTAL MARKET SHARE 0.0% 100.0% 100.0% Tampa-St. Petersburg, FL Hotel Performance by, * 2006 DATA NOT AVAILABLE % 74.7% 9.3% $ $ % $ $ % 2008* 73.0% 80.0% 8.8% $ $ % $ $ % Upper % 69.3% 1.7% $ $ % $98.40 $ % % 68.1% 2.1% $ $ % $ $ % 2008* 73.8% 74.3% 0.8% $ $ % $ $ % % 74.4% 1.5% $ $ % $79.64 $ % % 73.3% 7.1% $ $ % $77.14 $ % 2008* 68.1% 71.9% 5.4% $ $ % $81.10 $ % % 61.9% 5.2% $82.94 $ % $48.67 $ % % 58.7% 11.8% $82.00 $ % $42.43 $ % 2008* 56.7% 58.3% 2.7% $93.15 $ % $52.82 $ % % 69.7% 3.5% $87.55 $ % $58.91 $ % % 67.3% 5.0% $92.38 $ % $59.05 $ % 2008* 64.9% 69.9% 7.1% $96.96 $ % $62.93 $ % % 62.9% 2.3% $53.74 $ % $33.03 $ % % 61.5% 9.4% $55.09 $ % $30.68 $ % 2008* 54.9% 61.6% 11.0% $57.09 $ % $31.32 $ % Tampa-St. Petersburg, FL Rooms Sold by, * Tampa Tampa- St. Petersburg, St. Petersburg, FL: FL: Weekday Weekend % 35.0% 100% % 30.6% 100% 2008* 71.3% 28.7% 100% Upper Weekday Weekend % 34.0% 100% % 27.2% 100% 2008* 75.2% 24.8% 100% Weekday Weekend % 31.1% 100% % 25.7% 100% 2008* 76.4% 23.6% 100% Weekday Weekend % 36.1% 100% % 34.1% 100% 2008* 65.9% 34.1% 100% Midscale without F&B Weekday Weekend % 31.3% 100% % 27.4% 100% 2008* 73.5% 26.5% 100% Weekday Weekend % 34.9% 100% % 32.0% 100% 2008* 69.3% 30.7% 100% Tampa Market Weekday Weekend % 33.3% 100% % 28.7% 100% 2008* 72.7% 27.3% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 20
21 Atlanta, GA: Market Share Analysis, * Atlanta, GA Hotel Market Share: of Rooms Sold by, * * 3.8% 3.6% 3.1% Upper 23.1% 23.6% 24.5% 14.6% 14.5% 15.2% 7.4% 7.2% 6.9% 19.2% 19.5% 19.9% 31.8% 31.6% 30.3% Atlanta, GA Hotel Performance by, * % 66.6% 6.0% $ $ % $ $ % % 70.7% 1.4% $ $ % $ $ % 2008* 64.1% 70.3% 8.9% $ $ % $ $ % Upper % 67.5% 1.3% $ $ % $90.69 $ % % 68.4% 0.5% $ $ % $93.82 $ % 2008* 69.3% 70.3% 1.5% $ $ % $95.12 $ % % 68.7% 1.3% $ $ % $69.06 $ % % 67.8% 3.2% $ $ % $70.62 $ % 2008* 69.4% 67.7% 2.4% $ $ % $74.65 $ % % 59.8% 2.0% $72.21 $ % $42.34 $ % % 58.6% 3.9% $76.08 $ % $42.88 $ % 2008* 53.0% 59.7% 11.4% $78.26 $ % $41.44 $ % % 65.7% 2.3% $75.90 $ % $48.73 $ % % 64.2% 3.4% $81.28 $ % $50.40 $ % 2008* 62.1% 64.9% 4.3% $83.31 $ % $51.73 $ % % 63.6% 2.1% $39.83 $ % $24.79 $ % % 62.2% 2.3% $40.44 $ % $24.60 $ % 2008* 58.1% 63.3% 8.1% $40.67 $ % $23.64 $ % Atlanta, GA Rooms Sold by, * Atlanta, GA: Weekday Weekend % 38.0% 100% % 31.6% 100% 2008* 71.1% 28.9% 100% Upper Weekday Weekend % 38.3% 100% % 30.7% 100% 2008* 71.7% 28.3% 100% Weekday Weekend % 30.5% 100% % 25.4% 100% 2008* 73.6% 26.4% 100% Weekday Weekend % 36.7% 100% % 31.3% 100% 2008* 69.8% 30.2% 100% Midscale without F&B Weekday Weekend % 31.3% 100% % 26.7% 100% 2008* 72.8% 27.2% 100% Weekday Weekend % 35.5% 100% % 32.3% 100% 2008* 70.4% 29.6% 100% Atlanta Market Weekday Weekend % 34.7% 100% % 29.2% 100% 2008* 72.0% 28.0% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 21
22 Chicago, IL: Market Share Analysis, * Chicago, IL Hotel Market Share: of Rooms Sold by, * * 7.0% 7.1% 7.3% Upper 34.2% 34.8% 35.2% 16.6% 16.7% 17.1% 10.1% 9.2% 8.9% 14.0% 14.0% 14.0% 18.2% 18.1% 17.5% Chicago, IL Hotel Performance by, * % 70.1% 3.7% $ $ % $ $ % % 72.7% 1.5% $ $ % $ $ % 2008* 69.7% 71.6% 2.7% $ $ % $ $ % Upper % 70.2% 4.0% $ $ % $ $ % % 72.9% 1.2% $ $ % $ $ % 2008* 68.4% 71.5% 4.3% $ $ % $ $ % % 67.6% 4.0% $ $ % $83.82 $ % % 70.3% 1.1% $ $ % $88.12 $ % 2008* 68.1% 70.4% 3.2% $ $ % $83.52 $ % % 59.0% 7.8% $96.62 $ % $61.43 $ % % 63.6% 1.2% $99.42 $ % $62.49 $ % 2008* 58.0% 63.1% 8.0% $ $ % $59.10 $ % % 62.2% 8.1% $84.25 $ % $56.69 $ % % 67.3% 2.3% $92.66 $ % $60.94 $ % 2008* 62.4% 64.8% 3.7% $93.03 $ % $58.01 $ % % 57.3% 3.6% $55.97 $ % $33.22 $ % % 59.4% 1.0% $56.46 $ % $33.84 $ % 2008* 55.4% 59.6% 7.0% $56.96 $ % $31.55 $ % Chicago, IL Rooms Sold by, * Chicago, IL: Weekday Weekend % 38.5% 100% % 35.4% 100% 2008* 72.3% 27.7% 100% Upper Weekday Weekend % 33.2% 100% % 32.1% 100% 2008* 72.4% 27.6% 100% Weekday Weekend % 30.2% 100% % 27.4% 100% 2008* 72.9% 27.1% 100% Weekday Weekend % 33.2% 100% % 29.3% 100% 2008* 71.1% 28.9% 100% Midscale without F&B Weekday Weekend % 30.0% 100% % 26.2% 100% 2008* 72.2% 27.8% 100% Weekday Weekend % 35.2% 100% % 31.2% 100% 2008* 70.3% 29.7% 100% Chicago Market Weekday Weekend % 33.0% 100% % 30.5% 100% 2008* 72.0% 28.0% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 22
23 Oahu Island, HI: Market Share Analysis, * Oahu Island, HI Hotel Market Share: of Rooms Sold by, * * 6.2% 6.2% 6.0% Upper 37.6% 40.5% 40.6% 12.8% 12.1% 12.1% 20.7% 19.0% 19.3% 1.8% 1.7% 1.8% 20.9% 20.5% 20.2% Oahu Island, HI Hotel Performance by, * Data Not Available 2008* Upper % 85.2% 2.4% $ $ % $ $ % % 83.1% 3.3% $ $ % $ $ % 2008* 81.3% 80.5% 1.0% $ $ % $ $ % % 84.7% 3.7% $ $ % $ $ % % 81.6% 10.5% $ $ % $ $ % 2008* 72.5% 71.6% 1.3% $ $ % $ $ % % 86.7% 0.7% $94.00 $ % $80.86 $ % % 86.0% 17.4% $ $ % $75.78 $ % 2008* 76.8% 72.0% 6.6% $ $ % $87.39 $ % Data Not Available 2008* Data Not Available 2008* Oahu Island, HI Rooms Sold by, * Oahu Island, HI: Weekday Weekend % 34.6% 100% % 30.9% 100% 2008* 69.2% 30.8% 100% Upper Weekday Weekend % 34.4% 100% % 30.6% 100% 2008* 73.3% 26.7% 100% Weekday Weekend % 34.1% 100% % 30.8% 100% 2008* 73.3% 26.7% 100% Weekday Weekend % 34.8% 100% % 31.7% 100% 2008* 72.3% 27.7% 100% Midscale without F&B Weekday Weekend Not Available 2008* Weekday Weekend Not Available 2008* Oahu Island Market Weekday Weekend % 34.5% 100% % 30.8% 100% 2008* 73.0% 27.0% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 23
24 New Orleans, LA: Market Share Analysis, * New Orleans, LA Hotel Market Share: of Rooms Sold by, * * 4.0% 5.9% 6.0% Upper 30.4% 31.9% 32.5% 14.0% 13.5% 13.8% 14.0% 12.2% 12.1% 14.1% 13.8% 14.2% 23.5% 22.7% 21.5% New Orleans, LA Hotel Performance by, * % 67.2% 17.7% $ $ % $81.61 $ % % 55.3% 8.3% $ $ % $ $ % 2008* 72.6% 61.8% 17.6% $ $ % $ $ % Upper % 70.7% 18.0% $ $ % $84.59 $ % % 58.0% 3.6% $ $ % $89.96 $ % 2008* 71.1% 63.0% 12.9% $ $ % $ $ % % 70.5% 14.9% $ $ % $82.75 $ % % 60.0% 9.4% $ $ % $68.17 $ % 2008* 66.6% 57.8% 15.2% $ $ % $81.80 $ % % 67.4% 0.5% $99.45 $ % $67.33 $ % % 67.7% 13.9% $89.14 $ % $51.97 $ % 2008* 65.7% 59.6% 10.1% $95.56 $ % $62.74 $ % % 67.0% 0.2% $ $ % $72.09 $ % % 66.8% 12.5% $99.90 $ % $58.45 $ % 2008* 67.7% 61.2% 10.6% $ $ % $68.66 $ % % 60.3% 15.5% $73.43 $ % $51.17 $ % % 69.7% 16.7% $59.12 $ % $34.32 $ % 2008* 63.8% 61.3% 4.0% $60.02 $ % $38.28 $ % New Orleans, LA Rooms Sold by, * New Orleans, LA: Weekday Weekend % 37.2% 100% % 32.9% 100% 2008* 68.8% 31.2% 100% Upper Weekday Weekend % 37.5% 100% % 33.5% 100% 2008* 69.2% 30.8% 100% Weekday Weekend % 36.2% 100% % 31.4% 100% 2008* 69.6% 30.4% 100% Weekday Weekend % 37.9% 100% % 32.5% 100% 2008* 70.5% 29.5% 100% Midscale without F&B Weekday Weekend % 33.0% 100% % 26.9% 100% 2008* 72.4% 27.6% 100% Weekday Weekend % 31.5% 100% % 30.2% 100% 2008* 72.2% 27.8% 100% New Orleans Market Weekday Weekend % 36.2% 100% % 32.0% 100% 2008* 69.6% 30.4% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 24
25 Boston, MA: Market Share Analysis, * Boston, MA Hotel Market Share: of Rooms Sold by, * * 4.0% 4.8% 5.3% Upper 41.5% 41.3% 41.8% 21.0% 20.3% 20.4% 10.5% 10.3% 9.9% 11.2% 11.3% 11.1% 11.7% 12.0% 11.6% Boston, MA Hotel Performance by, * % 69.9% 2.9% $ $ % $ $ % % 71.9% 0.6% $ $ % $ $ % 2008* 72.9% 68.8% 5.9% $ $ % $ $ % Upper % 70.9% 2.6% $ $ % $ $ % % 72.7% 0.5% $ $ % $ $ % 2008* 71.8% 71.3% 0.7% $ $ % $ $ % % 65.6% 3.5% $ $ % $80.74 $ % % 67.9% 2.2% $ $ % $87.82 $ % 2008* 66.8% 67.4% 0.9% $ $ % $85.73 $ % % 57.4% 5.2% $ $ % $68.09 $ % % 60.4% 0.6% $ $ % $71.68 $ % 2008* 57.7% 57.5% 0.4% $ $ % $69.97 $ % % 62.4% 2.0% $95.89 $ % $61.05 $ % % 63.7% 1.2% $ $ % $66.00 $ % 2008* 61.3% 62.5% 2.0% $ $ % $63.25 $ % % 60.2% 1.6% $70.67 $ % $43.19 $ % % 61.1% 4.5% $71.91 $ % $45.91 $ % 2008* 60.1% 59.6% 0.8% $71.95 $ % $43.24 $ % Boston, MA Rooms Sold by, * Boston, MA: Weekday Weekend % 32.5% 100% % 28.0% 100% 2008* 72.9% 27.1% 100% Upper Weekday Weekend % 30.6% 100% % 28.0% 100% 2008* 73.9% 26.1% 100% Weekday Weekend % 27.4% 100% % 24.0% 100% 2008* 75.0% 25.0% 100% Weekday Weekend % 31.7% 100% % 27.5% 100% 2008* 73.5% 26.5% 100% Midscale without F&B Weekday Weekend % 28.1% 100% % 22.7% 100% 2008* 75.1% 24.9% 100% Weekday Weekend % 32.5% 100% % 28.6% 100% 2008* 73.7% 26.3% 100% Boston Market Weekday Weekend % 30.4% 100% % 26.8% 100% 2008* 74.1% 25.9% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 25
26 New York, NY: Market Share Analysis, * New York, NY Hotel Market Share: of Rooms Sold by, * * 11.8% 11.7% 11.4% Upper 36.2% 36.0% 36.4% 20.2% 20.2% 20.0% 8.6% 8.6% 8.4% 4.8% 5.4% 5.6% 18.5% 18.1% 18.1% New York, NY Hotel Performance by, * % 81.8% 3.3% $ $ % $ $ % % 84.5% 1.3% $ $ % $ $ % 2008* 83.5% 84.8% 1.5% $ $ % $ $ % Upper % 85.2% 0.2% $ $ % $ $ % % 85.4% 1.1% $ $ % $ $ % 2008* 85.2% 84.6% 0.7% $ $ % $ $ % % 85.3% 0.6% $ $ % $ $ % % 85.8% 2.9% $ $ % $ $ % 2008* 85.4% 87.3% 2.1% $ $ % $ $ % % 82.0% 1.2% $ $ % $ $ % % 81.0% 0.2% $ $ % $ $ % 2008* 75.8% 79.7% 4.9% $ $ % $ $ % % 81.7% 1.5% $ $ % $ $ % % 80.4% 1.4% $ $ % $ $ % 2008* 82.1% 79.0% 4.0% $ $ % $ $ % % 77.6% 3.1% $ $ % $ $ % % 80.0% 0.5% $ $ % $ $ % 2008* 78.4% 77.3% 1.4% $ $ % $ $ % New York, NY Rooms Sold by, * New York, NY: Weekday Weekend % 33.5% 100% % 30.7% 100% 2008* 74.0% 26.0% 100% Upper Weekday Weekend % 33.3% 100% % 30.2% 100% 2008* 73.8% 26.2% 100% Weekday Weekend % 32.6% 100% % 29.6% 100% 2008* 73.6% 26.4% 100% Weekday Weekend % 34.1% 100% % 30.9% 100% 2008* 73.6% 26.4% 100% Midscale without F&B Weekday Weekend % 33.6% 100% % 28.9% 100% 2008* 74.3% 25.7% 100% Weekday Weekend % 33.3% 100% % 31.0% 100% 2008* 73.8% 26.2% 100% New York Market Weekday Weekend % 33.4% 100% % 30.3% 100% 2008* 73.9% 26.1% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 26
27 Philadelphia, PA-NJ: Market Share Analysis, * Philadelphia, PA-NJ Hotel Market Share: of Rooms Sold by, * * 4.7% 4.7% 4.7% Upper 21.6% 21.7% 21.4% 24.0% 24.6% 24.9% 12.7% 12.4% 12.1% 15.7% 15.8% 16.3% 21.3% 20.9% 20.5% Philadelphia, PA-NJ Hotel Performance by, * % 69.6% 4.6% $ $ % $ $ % % 72.7% 2.6% $ $ % $ $ % 2008* 67.8% 71.1% 4.7% $ $ % $ $ % Upper % 72.4% 0.7% $ $ % $ $ % % 72.9% 0.2% $ $ % $ $ % 2008* 69.7% 74.0% 5.8% $ $ % $ $ % % 73.2% 1.0% $ $ % $86.89 $ % % 72.5% 0.1% $ $ % $93.11 $ % 2008* 71.1% 73.4% 3.2% $ $ % $93.29 $ % % 65.1% 2.6% $89.52 $ % $56.78 $ % % 63.4% 0.5% $94.42 $ % $59.62 $ % 2008* 60.1% 64.2% 6.4% $97.55 $ % $58.63 $ % % 71.0% 1.6% $98.35 $ % $70.96 $ % % 72.2% 1.0% $ $ % $75.63 $ % 2008* 70.9% 72.2% 1.8% $ $ % $77.81 $ % % 69.3% 3.4% $63.47 $ % $42.50 $ % % 67.0% 0.5% $66.72 $ % $44.43 $ % 2008* 63.8% 68.0% 6.1% $67.60 $ % $43.15 $ % Philadelphia, PA-NJ Rooms Sold by, * Philadelphia, PA NJ: Weekday Weekend % 35.5% 100% % 31.5% 100% 2008* 71.1% 28.9% 100% Upper Weekday Weekend % 31.4% 100% % 27.2% 100% 2008* 72.7% 27.3% 100% Weekday Weekend % 29.6% 100% % 25.3% 100% 2008* 72.8% 27.2% 100% Weekday Weekend % 32.1% 100% % 28.1% 100% 2008* 72.1% 27.9% 100% Midscale without F&B Weekday Weekend % 28.6% 100% % 22.7% 100% 2008* 73.7% 26.3% 100% Weekday Weekend % 33.2% 100% % 29.6% 100% 2008* 72.2% 27.8% 100% Philadelphia Market Weekday Weekend % 30.9% 100% % 26.4% 100% 2008* 72.6% 27.4% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 27
28 Dallas, TX: Market Share Analysis, * Dallas, TX Hotel Market Share: of Rooms Sold by, * * 4.0% 4.0% 4.2% Upper 23.8% 23.3% 23.9% 17.6% 17.1% 17.6% 7.4% 7.6% 7.1% 15.8% 16.7% 16.3% 31.4% 31.3% 30.9% Dallas, TX Hotel Performance by, * % 59.6% 10.7% $ $ % $ $ % % 66.0% 1.8% $ $ % $ $ % 2008* 62.2% 67.7% 8.1% $ $ % $ $ % Upper % 64.8% 2.0% $ $ % $86.85 $ % % 66.1% 3.8% $ $ % $88.37 $ % 2008* 63.0% 65.7% 4.0% $ $ % $87.31 $ % % 60.9% 2.8% $95.76 $ % $59.94 $ % % 62.6% 5.0% $ $ % $61.97 $ % 2008* 62.8% 62.3% 0.7% $ $ % $66.84 $ % % 53.9% 1.7% $64.06 $ % $35.15 $ % % 54.9% 1.2% $68.00 $ % $36.88 $ % 2008* 52.6% 57.9% 9.2% $74.77 $ % $39.33 $ % % 62.4% 2.1% $72.29 $ % $46.05 $ % % 63.7% 0.3% $78.40 $ % $50.08 $ % 2008* 63.0% 65.6% 4.0% $81.93 $ % $51.62 $ % % 60.5% 0.8% $37.76 $ % $22.66 $ % % 60.0% 1.3% $39.74 $ % $23.53 $ % 2008* 59.8% 61.1% 2.0% $40.27 $ % $24.10 $ % Dallas, TX Rooms Sold by, * Dallas, TX: Weekday Weekend % 32.6% 100% % 27.8% 100% 2008* 74.8% 25.2% 100% Upper Weekday Weekend % 29.9% 100% % 26.7% 100% 2008* 78.0% 22.0% 100% Weekday Weekend % 27.7% 100% % 23.5% 100% 2008* 78.1% 21.9% 100% Weekday Weekend % 30.1% 100% % 27.2% 100% 2008* 74.9% 25.1% 100% Midscale without F&B Weekday Weekend % 30.5% 100% % 26.2% 100% 2008* 75.1% 24.9% 100% Weekday Weekend % 35.4% 100% % 32.0% 100% 2008* 70.9% 29.1% 100% Dallas Market Weekday Weekend % 30.5% 100% % 26.9% 100% 2008* 75.8% 24.2% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 28
29 Houston, TX: Market Share Analysis, * Houston, TX Hotel Market Share: of Rooms Sold by, * * 2.6% 2.7% 2.8% Upper 24.7% 24.6% 24.5% 13.2% 13.5% 13.8% 8.1% 8.0% 7.8% 20.6% 20.2% 20.7% 30.8% 31.0% 30.3% Houston, TX Hotel Performance by, * % 65.0% 9.7% $ $ % $ $ % % 71.3% 3.3% $ $ % $ $ % 2008* 68.3% 70.3% 3.0% $ $ % $ $ % Upper % 67.8% 1.5% $ $ % $86.22 $ % % 68.8% 2.0% $ $ % $93.90 $ % 2008* 71.9% 71.7% 0.3% $ $ % $ $ % % 71.4% 0.8% $ $ % $73.46 $ % % 71.9% 1.2% $ $ % $80.01 $ % 2008* 72.3% 74.3% 2.7% $ $ % $87.90 $ % % 59.4% 4.5% $71.67 $ % $40.64 $ % % 56.7% 0.5% $75.35 $ % $42.94 $ % 2008* 56.9% 58.9% 3.4% $87.00 $ % $49.48 $ % % 68.8% 1.2% $74.85 $ % $50.88 $ % % 68.0% 1.3% $83.45 $ % $55.99 $ % 2008* 68.5% 69.9% 2.0% $89.63 $ % $61.39 $ % % 67.0% 6.5% $40.62 $ % $25.45 $ % % 62.7% 2.9% $42.38 $ % $27.32 $ % 2008* 63.2% 66.9% 5.5% $44.83 $ % $28.33 $ % Houston, TX Rooms Sold by, * Houston, TX: Weekday Weekend % 32.2% 100% % 29.8% 100% 2008* 80.9% 19.1% 100% Upper Weekday Weekend % 29.7% 100% % 27.2% 100% 2008* 77.4% 22.6% 100% Weekday Weekend % 27.5% 100% % 24.4% 100% 2008* 77.8% 22.2% 100% Weekday Weekend % 29.3% 100% % 25.4% 100% 2008* 77.4% 22.6% 100% Midscale without F&B Weekday Weekend % 28.4% 100% % 24.9% 100% 2008* 76.9% 23.1% 100% Weekday Weekend % 33.0% 100% % 29.9% 100% 2008* 73.0% 27.0% 100% Houston Market Weekday Weekend % 29.6% 100% % 26.5% 100% 2008* 76.6% 23.4% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 29
30 Seattle, WA: Market Share Analysis, * Seattle, WA Hotel Market Share: of Rooms Sold by, * * 5.7% 6.1% 6.1% Upper 22.5% 22.9% 24.0% 15.8% 15.8% 16.5% 14.1% 13.8% 13.6% 18.4% 18.5% 18.2% 23.4% 23.0% 21.6% Seattle, WA Hotel Performance by, * % 72.2% 0.4% $ $ % $ $ % % 72.5% 0.3% $ $ % $ $ % 2008* 70.4% 72.1% 2.2% $ $ % $ $ % Upper % 71.5% 0.3% $ $ % $ $ % % 71.7% 1.8% $ $ % $ $ % 2008* 73.7% 72.8% 1.2% $ $ % $ $ % % 76.4% 0.3% $ $ % $95.30 $ % % 76.1% 1.0% $ $ % $ $ % 2008* 74.6% 75.4% 1.1% $ $ % $ $ % % 62.2% 8.7% $90.06 $ % $60.91 $ % % 67.6% 1.3% $98.38 $ % $67.43 $ % 2008* 66.9% 68.3% 2.1% $ $ % $67.98 $ % % 70.7% 4.0% $96.91 $ % $71.24 $ % % 73.5% 0.4% $ $ % $78.00 $ % 2008* 69.6% 73.4% 5.1% $ $ % $77.40 $ % % 61.6% 5.3% $59.31 $ % $38.49 $ % % 64.9% 4.2% $63.97 $ % $43.27 $ % 2008* 62.6% 68.1% 8.1% $66.61 $ % $41.68 $ % Seattle, WA Rooms Sold by, * Seattle, WA: Weekday Weekend % 34.7% 100% % 33.2% 100% 2008* 72.2% 27.8% 100% Upper Weekday Weekend % 31.1% 100% % 29.9% 100% 2008* 72.8% 27.2% 100% Weekday Weekend % 30.7% 100% % 26.6% 100% 2008* 74.1% 25.9% 100% Weekday Weekend % 31.9% 100% % 28.4% 100% 2008* 73.1% 26.9% 100% Midscale without F&B Weekday Weekend % 28.1% 100% % 25.1% 100% 2008* 74.4% 25.6% 100% Weekday Weekend % 32.0% 100% % 28.8% 100% 2008* 73.0% 27.0% 100% Seattle Market Weekday Weekend % 31.2% 100% % 28.5% 100% 2008* 73.3% 26.7% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 30
31 Phoenix, AZ: Market Share Analysis, * Phoenix, AZ Hotel Performance by, * % 71.4% 2.4% $ $ % $ $ % % 73.1% 3.6% $ $ % $ $ % 2008* 71.0% 75.6% 6.1% $ $ % $ $ % Upper % 72.5% 0.2% $ $ % $ $ % % 72.4% 2.3% $ $ % $ $ % 2008* 70.8% 75.1% 5.8% $ $ % $ $ % % 70.4% 3.0% $ $ % $75.67 $ % % 68.4% 1.8% $ $ % $79.81 $ % 2008* 62.3% 70.4% 11.5% $ $ % $82.12 $ % % 57.1% 4.2% $77.93 $ % $46.37 $ % % 59.5% 3.5% $84.45 $ % $51.99 $ % 2008* 58.6% 66.2% 11.5% $93.21 $ % $54.60 $ % % 67.4% 3.2% $89.02 $ % $61.90 $ % % 69.5% 2.1% $97.26 $ % $66.19 $ % 2008* 62.7% 71.8% 12.7% $ $ % $68.38 $ % % 64.3% 5.6% $51.24 $ % $34.80 $ % % 67.9% 3.7% $54.08 $ % $35.37 $ % 2008* 61.2% 68.7% 10.9% $58.12 $ % $35.55 $ % Phoenix, AZ Rooms Sold by, * Phoenix, AZ: Weekday Weekend % 32.8% 100% % 31.4% 100% 2008* 68.9% 31.1% 100% Upper Weekday Weekend % 31.7% 100% % 28.3% 100% 2008* 74.3% 25.7% 100% Weekday Weekend % 29.8% 100% % 25.7% 100% 2008* 77.2% 22.8% 100% Weekday Weekend % 34.5% 100% % 30.2% 100% 2008* 73.5% 26.5% 100% Midscale without F&B Weekday Weekend % 31.4% 100% % 26.3% 100% 2008* 76.1% 23.9% 100% Weekday Weekend % 35.4% 100% % 32.5% 100% 2008* 71.9% 28.1% 100% Phoenix Market Weekday Weekend % 32.3% 100% % 28.6% 100% 2008* 74.1% 25.9% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 31
32 Denver, CO: Market Share Analysis, * Denver, CO Hotel Performance by, * Data Not Available 2008* Upper % 67.8% 2.5% $ $ % $86.05 $ % % 69.5% 0.3% $ $ % $95.30 $ % 2008* 69.3% 70.3% 1.5% $ $ % $96.15 $ % % 62.8% 1.7% $ $ % $63.96 $ % % 63.8% 0.5% $ $ % $71.51 $ % 2008* 66.4% 64.4% 3.1% $ $ % $75.11 $ % % 57.9% 5.8% $73.20 $ % $44.84 $ % % 61.3% 2.1% $77.13 $ % $48.23 $ % 2008* 59.6% 64.0% 6.9% $76.84 $ % $45.76 $ % % 64.0% 4.1% $76.72 $ % $51.09 $ % % 66.6% 0.5% $85.66 $ % $57.33 $ % 2008* 66.7% 68.1% 2.1% $87.95 $ % $58.69 $ % % 57.5% 1.8% $43.38 $ % $25.39 $ % % 58.5% 6.9% $45.27 $ % $28.32 $ % 2008* 60.0% 64.0% 6.2% $46.94 $ % $28.18 $ % Denver, CO Rooms Sold by, * Denver, CO: Weekday Weekend % 35.2% 100% % 30.5% 100% 2008* 73.9% 26.1% 100% Upper Weekday Weekend % 30.9% 100% % 28.6% 100% 2008* 75.7% 24.3% 100% Weekday Weekend % 29.7% 100% % 26.3% 100% 2008* 75.5% 24.5% 100% Weekday Weekend % 31.6% 100% % 28.8% 100% 2008* 73.7% 26.3% 100% Midscale without F&B Weekday Weekend % 27.6% 100% % 23.9% 100% 2008* 75.2% 24.8% 100% Weekday Weekend % 33.7% 100% % 31.3% 100% 2008* 71.7% 28.3% 100% Denver Market Weekday Weekend % 30.6% 100% % 27.7% 100% 2008* 74.8% 25.2% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 32
33 Detroit, MI: Market Share Analysis, * Detroit, MI Hotel Performance by, * Data Not Available 2008* Upper % 63.0% 2.9% $ $ % $77.41 $ % % 61.2% 0.0% $ $ % $78.26 $ % 2008* 60.8% 63.5% 4.3% $ $ % $78.76 $ % % 66.4% 1.5% $ $ % $65.70 $ % % 65.3% 2.8% $ $ % $65.39 $ % 2008* 62.8% 64.8% 3.1% $ $ % $65.46 $ % % 48.6% 2.9% $75.66 $ % $37.84 $ % % 50.0% 4.7% $73.21 $ % $38.35 $ % 2008* 50.8% 52.6% 3.5% $73.27 $ % $37.21 $ % % 59.2% 0.9% $77.96 $ % $46.54 $ % % 59.7% 1.5% $79.47 $ % $48.14 $ % 2008* 60.2% 60.4% 0.2% $82.92 $ % $49.94 $ % % 54.3% 5.9% $47.74 $ % $24.40 $ % % 51.1% 7.0% $45.44 $ % $24.86 $ % 2008* 53.0% 54.6% 3.0% $45.82 $ % $24.27 $ % Detroit, MI Rooms Sold by, * Detroit, MI: Weekday Weekend % 33.2% 100% % 31.5% 100% 2008* 72.3% 27.7% 100% Upper Weekday Weekend % 29.7% 100% % 28.0% 100% 2008* 73.6% 26.4% 100% Weekday Weekend % 27.6% 100% % 25.4% 100% 2008* 74.3% 25.7% 100% Weekday Weekend % 32.2% 100% % 28.5% 100% 2008* 73.5% 26.5% 100% Midscale without F&B Weekday Weekend % 28.9% 100% % 25.9% 100% 2008* 73.9% 26.1% 100% Weekday Weekend % 33.7% 100% % 31.2% 100% 2008* 72.0% 28.0% 100% Detroit Market Weekday Weekend % 30.3% 100% % 27.8% 100% 2008* 73.5% 26.5% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 33
34 Minneapolis-St. Paul, MN-WI: Market Share Analysis, * Minneapolis-St. Paul, MN-WI Hotel Performance by, * Data Not Available 2008* Upper % 70.1% 0.5% $ $ % $87.54 $ % % 69.7% 2.2% $ $ % $94.99 $ % 2008* 68.7% 71.6% 4.0% $ $ % $92.48 $ % % 70.4% 1.5% $ $ % $73.85 $ % % 69.4% 0.3% $ $ % $77.05 $ % 2008* 67.3% 70.3% 4.3% $ $ % $75.78 $ % % 62.9% 0.2% $79.73 $ % $50.06 $ % % 62.8% 0.0% $85.84 $ % $53.88 $ % 2008* 60.9% 62.6% 2.7% $88.80 $ % $54.07 $ % % 67.6% 3.0% $83.20 $ % $54.61 $ % % 65.6% 2.4% $86.75 $ % $55.55 $ % 2008* 61.6% 64.2% 4.0% $88.39 $ % $54.45 $ % % 62.2% 0.8% $51.43 $ % $31.74 $ % % 61.7% 0.6% $52.83 $ % $32.81 $ % 2008* 58.5% 61.4% 4.7% $54.00 $ % $31.58 $ % Minneapolis-St. Paul, MN-WI Rooms Sold by, * Minneapolis St. Paul, MN WI: Weekday Weekend % 31.9% 100% % 32.5% 100% 2008* 76.9% 23.1% 100% Upper Weekday Weekend % 31.5% 100% % 28.5% 100% 2008* 75.0% 25.0% 100% Weekday Weekend % 29.4% 100% % 25.7% 100% 2008* 75.3% 24.7% 100% Weekday Weekend % 33.9% 100% % 30.5% 100% 2008* 72.6% 27.4% 100% Midscale without F&B Weekday Weekend % 29.6% 100% % 26.9% 100% 2008* 73.8% 26.2% 100% Weekday Weekend % 33.8% 100% % 30.6% 100% 2008* 72.1% 27.9% 100% Minneapolis Market Weekday Weekend % 31.4% 100% % 28.1% 100% 2008* 74.1% 25.9% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 34
35 Nashville, TN: Market Share Analysis, * Nashville, TN Hotel Performance by, * Data Not Available 2008* Upper % 70.6% 6.6% $ $ % $99.09 $ % % 75.2% 1.2% $ $ % $ $ % 2008* 72.6% 75.2% 3.4% $ $ % $ $ % % 70.6% 0.7% $95.24 $ % $66.76 $ % % 70.1% 0.0% $ $ % $73.69 $ % 2008* 71.9% 70.7% 1.7% $ $ % $80.35 $ % % 57.1% 6.0% $71.19 $ % $43.08 $ % % 60.5% 2.1% $77.33 $ % $45.83 $ % 2008* 55.0% 60.3% 8.8% $78.69 $ % $43.25 $ % % 65.1% 6.9% $75.59 $ % $52.57 $ % % 69.5% 3.2% $83.64 $ % $56.31 $ % 2008* 65.7% 68.4% 4.0% $88.93 $ % $58.41 $ % % 54.3% 8.0% $41.88 $ % $24.57 $ % % 58.7% 1.0% $42.94 $ % $24.95 $ % 2008* 54.1% 60.3% 10.2% $44.22 $ % $23.93 $ % Nashville, TN Rooms Sold by, * Nashville, TN: Weekday Weekend % 38.9% 100% % 30.7% 100% 2008* 73.5% 26.5% 100% Upper Weekday Weekend % 36.9% 100% % 32.9% 100% 2008* 72.6% 27.4% 100% Weekday Weekend % 36.2% 100% % 30.4% 100% 2008* 72.2% 27.8% 100% Weekday Weekend % 36.0% 100% % 31.4% 100% 2008* 69.8% 30.2% 100% Midscale without F&B Weekday Weekend % 34.3% 100% % 28.0% 100% 2008* 71.8% 28.2% 100% Weekday Weekend % 37.3% 100% % 32.5% 100% 2008* 69.2% 30.8% 100% Nashville Market Weekday Weekend % 36.2% 100% % 31.1% 100% 2008* 71.6% 28.4% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 35
36 Norfolk-Virginia Beach, VA: Market Share Analysis, * Norfolk-Virginia Beach, VA Hotel Performance by, * Data Not Available 2008* Upper % 67.2% 1.6% $ $ % $74.29 $ % % 66.1% 3.2% $ $ % $78.94 $ % 2008* 68.3% 71.1% 3.9% $ $ % $80.56 $ % % 65.7% 3.1% $ $ % $69.00 $ % % 67.7% 1.9% $ $ % $73.68 $ % 2008* 66.0% 72.0% 8.4% $ $ % $70.91 $ % % 52.0% 1.2% $90.71 $ % $47.79 $ % % 52.7% 1.8% $91.70 $ % $49.16 $ % 2008* 50.7% 55.8% 9.0% $94.63 $ % $47.99 $ % % 64.2% 0.2% $85.11 $ % $54.77 $ % % 64.4% 2.1% $90.23 $ % $59.29 $ % 2008* 62.8% 67.7% 7.3% $92.04 $ % $57.76 $ % % 58.3% 1.5% $52.81 $ % $30.35 $ % % 57.5% 1.5% $55.49 $ % $31.40 $ % 2008* 52.0% 59.6% 12.7% $54.28 $ % $28.23 $ % Norfolk-Virginia Beach, VA Rooms Sold by, * Norfolk Norfolk- Virginia Beach, Virginia VA: Beach, VA: Weekday Weekend 2006 NA NA 0% % 42.1% 100% 2008* 71.4% 28.6% 100% Upper Weekday Weekend % 36.0% 100% % 30.6% 100% 2008* 70.6% 29.4% 100% Weekday Weekend % 32.2% 100% % 30.1% 100% 2008* 70.8% 29.2% 100% Weekday Weekend % 39.2% 100% % 34.1% 100% 2008* 67.9% 32.1% 100% Midscale without F&B Weekday Weekend % 33.7% 100% % 29.0% 100% 2008* 70.0% 30.0% 100% Weekday Weekend % 35.7% 100% % 32.4% 100% 2008* 67.3% 32.7% 100% Norfolk Market Weekday Weekend % 35.3% 100% % 31.3% 100% 2008* 69.3% 30.7% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 36
37 St. Louis, MO-IL: Market Share Analysis, * St. Louis, MO-IL Hotel Performance by, * Data Not Available 2008* Upper % 65.9% 2.1% $ $ % $71.78 $ % % 67.3% 1.4% $ $ % $75.69 $ % 2008* 66.8% 69.7% 4.1% $ $ % $75.16 $ % % 60.1% 1.3% $95.98 $ % $58.45 $ % % 60.9% 1.9% $ $ % $59.76 $ % 2008* 61.9% 61.2% 1.2% $ $ % $62.85 $ % % 56.1% 1.5% $72.26 $ % $39.90 $ % % 55.2% 0.1% $73.98 $ % $40.88 $ % 2008* 53.2% 58.2% 8.7% $74.45 $ % $39.58 $ % % 61.4% 0.0% $76.22 $ % $46.81 $ % % 61.4% 1.5% $81.52 $ % $50.83 $ % 2008* 63.1% 63.6% 0.8% $83.73 $ % $52.85 $ % % 55.6% 0.3% $45.58 $ % $25.28 $ % % 55.5% 2.1% $46.11 $ % $25.05 $ % 2008* 52.8% 57.2% 7.7% $46.16 $ % $24.39 $ % St. Louis, MO-IL Rooms Sold by, * St. Louis, MO IL: Weekday Weekend % 35.8% 100% % 28.8% 100% 2008* 71.3% 28.7% 100% Upper Weekday Weekend % 32.3% 100% % 27.3% 100% 2008* 72.1% 27.9% 100% Weekday Weekend % 32.7% 100% % 26.3% 100% 2008* 72.9% 27.1% 100% Weekday Weekend % 34.7% 100% % 31.1% 100% 2008* 69.3% 30.7% 100% Midscale without F&B Weekday Weekend % 31.9% 100% % 26.3% 100% 2008* 71.9% 28.1% 100% Weekday Weekend % 35.5% 100% % 32.6% 100% 2008* 68.3% 31.7% 100% St. Louis Market Weekday Weekend % 33.2% 100% % 28.3% 100% 2008* 71.2% 28.8% 100% Stephen C. Morse, Ph.D., Director & Economist, Tourism Institute, University of Tennessee - Knoxville, and Chad D. Church, Smith Travel Research Page 37
Hotel InduSTRy Overview What Lies Ahead
University of Massachusetts Amherst ScholarWorks@UMass Amherst Tourism Travel and Research Association: Advancing Tourism Research Globally 2013 Marketing Outlook Forum - Outlook for 2014 Hotel InduSTRy
More informationHotel Industry Performance Overview Washington Lodging Convention
Hotel Industry Performance Overview Washington Lodging Convention Valerie Woods Director of Business Development, Hotels vwoods@str.com Valerie_STR 2016 STR, Inc. All Rights Reserved. Any reprint, use
More informationU.S. Hotel Industry Performance HBI Annual Conference
U.S. Hotel Industry Performance HBI Annual Conference February 17, 2017 Jeff Higley VP/Editorial Director jeff@str.com @jeffhigley1 2016 STR, Inc. All Rights Reserved. Any reprint, use or republication
More informationLower Income Journey to Work Market Share From American Community Survey
Lower Income Journey to Work Market Share From American Community Survey 2006-2010 Table 1: Overall National Data Table 2: Car, Truck or Van Table 3: Transit Table 4: Metrics Table 1 Work Trip Market Share:
More informationHotel InduSTRy Overview
Hotel InduSTRy Overview Chris Klauda, CHIA Director, Destination Research cklauda@str.com ESTO Webinar November 12, 2015 1 1. Visit www.hotelnewsnow.com 2. Create Free Login 3. Click on Data Presentations
More informationMPI Nashville Chapter
MPI Nashville Chapter Monthly Meeting Embassy Suites Cool Springs September 20, 2017 Veronica Andrews Director, Digital Data Solutions vandrews@str.com @STR_Data 2017 STR, Inc. All Rights Reserved. Any
More informationInvestment Overview of the U.S. Lodging Industry
Investment Overview of the U.S. Lodging Industry Presented to: NYSSCPA/FAE Restaurant and Hospitality Breakfast Conference November 7, 2007 Daniel H. Lesser Senior Managing Director Industry Leader Hospitality
More informationRank Place State Native Hawaiian and Pacific Islander population (alone or in combination
TABLE 2a: 100 Largest Places Ranked by Number of s (race alone or in *) Living in Hard-to- Census Rank Place State (alone or in 1 Honolulu (CDP) HI 64,196 11,130 17.3 2 New York City NY 14,981 8,211 54.8
More informationPUBLIC TRANSPORTATION INTRODUCTION
PUBLIC TRANSPORTATION INTRODUCTION 1 OUTLINE Current Status and Recent Trends Significant Influences A Critical Assessment Arguments Supporting Public Transport Future Influences Ingredients for Future
More informationHotel InduSTRy Overview
Hotel InduSTRy Overview Lindsay Culbreath, CMHS, CHIA Senior Director of Business Development & Marketing STR Tennessee Business Travel Association October 14, 2014 STR provides monthly, weekly and daily
More informationU.S. Hotel Industry Performance What Lies Ahead
U.S. Hotel Industry Performance What Lies Ahead Vail R. Brown, CHMS Vice President, Global Business Development & Marketing vail_str May 5, 2015 vbrown@str.com 1. Visit www.hotelnewsnow.com 2. Create Free
More informationAccess Across America: Transit 2014
Access Across America: Transit 2014 Final Report CTS 14-11 Prepared by: Andrew Owen David Levinson Accessibility Observatory Department of Civil, Environmental, and Geo- Engineering University of Minnesota
More informationMajor Metropolitan Area Sales Tax Rates
August 19, 2010 No. 239 FISCAL FACT Major Metropolitan Area Sales Tax Rates By Lawrence Summers Introduction General sales taxes levied by state, county and city governments in the United States vary greatly,
More informationU.S. and Fort Lauderdale Hotel Industry Performance Fort Lauderdale August 8, 2017
U.S. and Fort Lauderdale Hotel Industry Performance Fort Lauderdale August 8, 2017 Chris Klauda Director, Destination Research cklauda@str.com 2017 STR, Inc. All Rights Reserved. Any reprint, use or republication
More informationHotel Industry Performance Overview
Hotel Industry Performance Overview GWTTRA Conference Valerie Woods Associate Director of Business Development, Hotels vwoods@str.com Valerie_STR 2017 STR, Inc. All Rights Reserved. Any reprint, use or
More informationCensus Affects Children in Poverty by Professors Donald Hernandez and Nancy Denton State University of New York, Albany
Phone: (301) 457-9900 4700 Silver Hill Road, Suite 1250-3, Suitland, MD 20746 Fax: (301) 457-9901 Census Affects in Poverty by Professors Donald Hernandez and Nancy Denton State University of New York,
More informationBLACK KNIGHT HPI REPORT
CONTENTS 1 OVERVIEW 2 NATIONAL OVERVIEW 3 LARGEST STATES AND METROS 4 FEBRUARY S BIGGEST MOVERS 5 20 LARGEST STATES 6 40 LARGEST METROS 7 ADDITIONAL INFORMATION OVERVIEW Each month, the Data & Analytics
More informationLocation, Location, Location. 19 th Annual NIC Conference NIC MAP Data & Analysis Service
Location, Location, Location 19 th Annual NIC Conference NIC MAP Data & Analysis Service The Great Occupancy Decline 94% Occupancy Trends Majority Nursing Seniors Housing 93% 92% 91% 92.8% 91.0% 90% 89%
More informationHigher Education in America s Metropolitan Areas A Statistical Profile
Higher Education in America s Metropolitan Areas A Statistical Profile MSA Study No.2 Higher Education in America s Metropolitan Areas A Statistical Profile CONTENTS Why Metro Areas? 1 Executive Summary
More informationPopulation Estimates for U.S. Cities Report 1: Fastest Growing Cities Based on Numeric Increase,
ulation s for U.S. Cities Report 1: Fastest Growing Cities Based on Numeric Increase, 2015-2015 1 Phoenix AZ 32,113 2.0 1,582,904 1,615,017 167,393 11.6 2 Los Angeles CA 27,173 0.7 3,949,149 3,976,322
More informationLodging Industry Overview. 14 December Bobby Bowers Smith Travel Research / STR Global
Lodging Industry Overview 14 December 2011 Bobby Bowers Smith Travel Research / STR Global Global / U.S. Overview Key U.S. Markets Construction Pipeline Forecast Takeaways Today s Agenda RevPar Growth
More informationATLANTA HOUSING MARKET Fourth Quarter 2017 Presentation for HBA Builder Developer Lender Council. Expanded. Unemployment Rate (U 6) Official
Eugene James Senior Regional Director 404-510-1080 ejames@metrostudy.com connect on LinkedIn Mike Overley Business Development Director 770-380-0827 moverley@metrostudy.com To volunteer call 404 408 0716
More informationTravelClick: Business Intelligence Lodging Outlook. Sara Duggan. Regional Vice President, Business Intelligence TravelClick 03/23/18
TravelClick: Business Intelligence 2018 Lodging Outlook Sara Duggan Regional Vice President, Business Intelligence TravelClick 03/23/18 25,000+ Partners 25 283 Million $49 Billion 365 North America Markets
More informationParking Rates & Policies Survey. December 2013
METER OVERVIEW RATE & POLICY PRESENTATION SURVEY / 1 Parking Rates & Policies Survey December 2013 METER OVERVIEW RATE & POLICY PRESENTATION SURVEY / 2 Parking rates and policies survey The purpose of
More informationDistribution Channel Analysis
Distribution Channel Analysis NYU Investor s Conference Phantom of the OTA, Distribution Gone Wild Steve Hood Senior VP of Research, STR Components of the Study Economic Analysis Adam Sacks/ Tourism Economics
More informationFBI Drug Demand Reduction Coordinators
FBI Drug Demand Reduction Coordinators Alabama 2121 Building, Room 1400 Birmingham, AL 35203 (205) 252 7705 One St. Louis Centre One St. Louis Street Mobile, AL 36602 (334) 438 3674 Alaska 222 West Seventh
More informationINDIANA INTERSTATE AND INTRASTATE LOCAL REDUCED CITY-PAIR FARES
The following section contains city-pair fares that are lower than walkup mileage-based fares. Although shown in only one direction, the fares in this section apply in both directions, unless otherwise
More informationSnakes & Lattes is currently composed of three corporate owned and operated board game cafes in Toronto, ON. Over the last 7 years these have become renowned as Toronto's premiere board game cafe destinations.
More informationHotel Valuation and Transaction Trends For the U.S. Lodging Industry
Hotel Valuation and Transaction Trends For the U.S. Lodging Industry Stephen Rushmore, CHA, MAI President and Founder HVS International 372 Willis Avenue Mineola, NY 11501 516-248-8828 ext. 204 srushmore@hvsinternational.com
More informationFor Example. Stabilized Hotels 1Q 2015: 1Q 2016: Today: Leverage: 60-65% Rate: ±5.5% Fixed. Leverage: 60-65% Rate: ±5.0%-5.
Lodging Transaction Market Key 2016 Themes Transaction activity started slowly in 2016 primarily due to choppiness in the broader capital markets space. CMBS market dislocation has resulted in lower leverage,
More informationU.S. Hotel Industry Performance. Brad Garner Chief Operating Officer
U.S. Hotel Industry Performance Brad Garner Chief Operating Officer 1 Agenda Total US Review Scale Review Segmentation Markets Supply Pipeline 2013 / 2014 Forecast 2 www.hotelnewsnow.com Click on Hotel
More informationMango Market Development Index
Mango Market Development Index 2016-2017 Understanding the Market Index The Mango Market Development Index is designed to measure and compare mango volume sold at retail relative to population by region
More informationU.S. Lodging Industry Update
U.S. Lodging Industry Update First Watch on a Long Voyage R. MARK WOODWORTH AMERICAS RESEARCH AGENDA THE ECONOMY WHAT COULD END THE CURRENT CYCLE? LABOR COSTS OUR FORECASTS SHARING ECONOMY UPDATE First
More informationILLINOIS INTERSTATE AND INTRASTATE LOCAL REDUCED CITY-PAIR FARES
The following section contains city-pair fares that are lower than walkup mileage-based fares. Although shown in only one direction, the fares in this section apply in both directions, unless otherwise
More informationSouthern Innkeepers 104 th Annual Meeting Lodging Overview. Jan D. Freitag Senior Vice President
Southern Innkeepers 104 th Annual Meeting Lodging Overview Jan D. Freitag Senior Vice President 1 Agenda Total US Review Scales Segmentation Markets Pipeline Southern Innkeepers Hotels Performance 2012
More information1Q 2014 Greater Atlanta HBA Builder Developer Lender Council meeting Information presented by. Atlanta Job Growth
1Q 2014 Greater Atlanta HBA Builder Developer Lender Council meeting 5-21-2014 Information presented by Eugene James, Regional Director ejames@metrostudy.com 404-510-1080 connect on LinkedIn Atlanta Job
More informationHotel Valuation and Transaction Trends for the U.S. Lodging Industry
Hotel Valuation and Transaction Trends for the U.S. Lodging Industry June 2010 Presented by Steve Rushmore, MAI, FRICS, CHA srushmore@hvs.com - 1 - Value Trend for a Typical U.S. Hotel 1987 1988 1989 1990
More informationSan Francisco Travel Association Selling in a Seller s Market DMO Perspective. May 21, 2014
San Francisco Travel Association Selling in a Seller s Market DMO Perspective May 21, 2014 Agenda Discussion Themes 1. Meetings Are Important 2. Market Meetings Pace 3. Occupancy & Rate 4. Booking Windows
More informationMetropolitan Votes and the 2012 U.S. Election: Population, GDP, Patents and Creative Class
politan Votes and the 2012 U.S. Election: Population, GDP, Patents and Creative Class Author: Shawn Gilligan, Shawn.Gilligan@rotman.utoronto.ca Zara Matheson, Zara.Matheson@rotman.utoronto.ca Kevin Stolarick,
More informationA CORPORATE OR MEDICAL USER OPPORTUNITY WELL-LOCATED OFF THE PA TURNPIKE AM Drive. Quakertown, PA INVESTMENT SUMMARY. Page 1
A CORPORATE OR MEDICAL USER OPPORTUNITY WELL-LOCATED OFF THE PA TURNPIKE 1900 AM Drive Quakertown, PA INVESTMENT SUMMARY Page 1 EXECUTIVE SUMMARY On behalf of ownership, Avison Young is pleased to offer
More informationHouston Economic Update. Presented by Patrick Jankowski Vice President, Research Greater Houston Partnership
Houston Economic Update Presented by Patrick Jankowski Vice President, Research Greater Houston Partnership Houston Astros - Percent Regular Season Games Won Help from the bullpen this year Help from the
More informationHector International Airport Fargo, North Dakota
Hector International Airport Fargo, North Dakota Volume 072 Twelve Months Ended June 2007 November 2007 Airlines Serving Fargo Carried 830 Onboard Passengers Per Day for the Twelve Months Ended June 2007,
More informationImpact of Hurricane Irma on US Metropolitan Areas
Impact of Hurricane Irma on US Metropolitan Areas Puerto Ricans in mainland Prepared for: Jorge Restrepo, CEO 2017 EurekaFacts LLC September 29, 2017 Climate refugees from Puerto Rico in US metropolitan
More informationOB-GYN Workload & Potential Shortages: The Coming U.S. Women s Health Crisis
OB-GYN Workload & Potential Shortages: The Coming U.S. Women s Health Crisis JULY 2017 Introduction Obstetricians and Gynecologists (OB-GYNs) are a critical part of the health care provider community.
More information2017 Kansas Tourism Conference Hotel Industry Overview October 25, 2017
2017 Kansas Tourism Conference Hotel Industry Overview October 25, 2017 Chris Klauda, Research Director cklauda@str.com 2017 STR, Inc. All Rights Reserved. Any reprint, use or republication of all or a
More informationHector International Airport Fargo, North Dakota
Hector International Airport Fargo, North Dakota Volume 073 Twelve Months Ended September 2007 January 2008 Airlines Serving Fargo Carried 831 Onboard Passengers Per Day for the Twelve Months Ended September
More informationU.S. Metropolitan Area Exports, 2015
U.S. Metropolitan Area Exports, 2015 Jeffrey Hall Office of Trade and Economic Analysis Industry and Analysis Department of Commerce International Trade Administration September 2016 U.S. Metro Exports:
More informationOverseas Visitation Estimates for U.S. States, Cities, and Census Regions: 2015
U.S. Department of Commerce International Trade Administration National Travel and Tourism Office Overseas Estimates for U.S. States, Cities, and Census Regions: Overseas to U.S. States, Cities, and Census
More informationEXECUTIVE SUMMARY. hospitality compensation as a share of total compensation at. Page 1
EXECUTIVE SUMMARY Applied Analysis was retained by the Las Vegas Convention and Visitors Authority (the LVCVA ) to review and analyze the economic impacts associated with its various operations and southern
More informationRANKING OF THE 100 MOST POPULOUS U.S. CITIES 12/7/ /31/2016
OVERVIEW OF THE DATA The following information is based on incoming communication to the National Human Trafficking Hotline via phone, email, and online tip report from December 7, 2007 December 31, 2016
More informationPassengers Boarded At The Top 50 U. S. Airports ( Updated April 2
(Ranked By Passenger Enplanements in 2006) Airport Table 1-41: Passengers Boarded at the Top 50 U.S. Airportsa Atlanta, GA (Hartsfield-Jackson Atlanta International) Chicago, IL (Chicago O'Hare International)
More informationWorld Class Airport For A World Class City
World Class Airport For A World Class City Air Service Update April 2018 2018 Air Service Updates February 2018 Seattle new departure, seasonal, 2x weekly Boston new departure, seasonal, 2x weekly March
More informationMANGO MARKET DEVELOPMENT INDEX REPORT
MANGO MARKET DEVELOPMENT INDEX REPORT 2015-2016 UNDERSTANDING THE MARKET INDEX The Mango Market Development Index is designed to measure and compare mango sales volume relative to population by region
More informationInternational Convention Badges
Images may not be the actual size. (Reduced the image sizes to save white space in the catalog) Images provided by Lion Verle Malik Created 07/24/2015. 1923 1924 1925 7th Annual Convention June 26-29,
More informationWorld Class Airport For A World Class City
World Class Airport For A World Class City Air Service Update October 2017 2017 Air Service Updates February 2017 Cleveland new destination, 2x weekly Raleigh-Durham new destination, 2x weekly March 2017
More informationPresentation overview
Presentation overview Retail is a key component of tourist and business destinations and can act as major draw Retail is #1 or #2 leisure activity among travelers One of most important reasons meeting
More informationInvestor Presentation March, 2008
Investor Presentation March, 2008 Business Plan Overview Repositioning Strategy Repositioning Portfolio Lowering Leverage Internal Growth Fully Renovating Portfolio Redevelopment Projects New Asset Management
More information2016 Air Service Updates
Air Service Update September 2016 2016 Air Service Updates February 2016 Pittsburgh new destination, 2x weekly April 2016 Los Angeles new departure, 1x daily Atlanta new departure, 1x daily Jacksonville
More informationWorld Class Airport For A World Class City
World Class Airport For A World Class City Air Service Update December 2018 2018 Air Service Updates February 2018 Delta Air Lines Seattle new departure, seasonal, 2x weekly Delta Air Lines Boston new
More informationArizona - Phoenix Last Updated by Seyed 12 hours ago Tempe Mission Palms Hotel 60E. 5th St. Tempe, AZ Tel.
www.iran.org COMPLETE LIST OF ILLEGAL POLLING PLACES SET UP BY THE ISLAMIC REPUBLIC OF IRAN IN THE UNITED STATES FOR THE JUNE 12, 2009 PRESIDENTIAL ELECTIONS 1 Source: Islamic Republic of Iran Interest
More informationustravel.org/travelpromotion
Agenda 1. Power of Travel Promotion Resources 2. New Tool: Travel Economic Impact Calculator 3. Accessing data through Interactive Travel Analytics 4. Unused Vacation Time Opportunity 5. Highlights from
More information333 W. Campbell Road, Suite 440 Richardson, Texas Cruising for Charity with Randy Limbacher in Tahiti July 28, 2007
333 W. Campbell Road, Suite 440 Richardson, Texas 75080 972.238.1998 800.952.1998 Cruising for Charity with Randy Limbacher in Tahiti July 28, 2007 Join me for this special annual event to raise money
More information2016 Air Service Updates
Air Service Update May 2016 2016 Air Service Updates February 2016 Pittsburgh new destination, 2x weekly April 2016 Los Angeles new departure, 1x daily Atlanta new departure, 1x daily Jacksonville new
More informationWashington County, TN. Hotel, Restaurant, and Travel Industries: Economic Profile and Business Trends, Washington County (Jonesborough area)
Washington County, TN Washington County (Jonesborough area) Hotel, Restaurant, and Travel Industries: Economic Profile and Business Trends, Steve Morse, Ph.D. Director & Economist Tourism Institute University
More information2019 Preferred Rate Hotel Program Rates
Atlanta, GA The Ritz-Carlton, Atlanta 800-241-3333 $292 $303 $379 $390 The Whitley, A Luxury Collection,Atlanta Buckhead 404-348-5650 $299 $321 $410 $384 The St. Regis Atlanta 404-215-4666 $318 $348 $518
More informationDistrict Match Data Availability
District Match Data Availability National & State Data Location Available National Data Australia Parliament, Provincial and Territory Assemblies Canada Parliament, Provincial Legislative Assemblies New
More informationNorwegian's Free Airfare Promotion
Norwegian's Free Airfare Promotion Start planning your next vacation with 200+ cruises to incredible destinations, including Alaska, Bahamas & Florida, Bermuda, Canada & New England, Caribbean, Mexican
More information2016 Air Service Updates
Air Service Update June 2016 2016 Air Service Updates February 2016 Pittsburgh new destination, 2x weekly April 2016 Los Angeles new departure, 1x daily Atlanta new departure, 1x daily Jacksonville new
More informationMajor US City Preparedness For an Oil Crisis Which Cities and Metro Areas are Best Prepared for $4 a Gallon Gas and Beyond?
Major US City Preparedness For an Oil Crisis Which Cities and Metro Areas are Best Prepared for $4 a Gallon Gas and Beyond? March 4, 2008 By Warren Karlenzig President Common Current www.commoncurrent.com
More informationImpact of Advance Purchase and Length-of-Stay on Average Ticket Prices in Top Business Destinations
Impact of Advance Purchase and Length-of-Stay on Average Ticket Prices in Top Business Destinations Research Summary Average ticket prices continue to trend downward in 2016, but since 2014 there have
More informationWorld Class Airport For A World Class City
World Class Airport For A World Class City Air Service Update April 2017 2017 Air Service Updates February 2017 Cleveland new destination, 2x weekly Raleigh-Durham new destination, 2x weekly March 2017
More informationCONNECTICUT INTERSTATE AND INTRASTATE LOCAL REDUCED CITY-PAIR FARES
PASSENGER TARIFF AND SALES MANUAL CONNECTICUT INTERSTATE AND INTRASTATE LOCAL REDUCED CITY-PAIR S The following section contains city-pair fares that are lower than walkup mileage-based fares. Although
More informationThe Very Good Will Continue
The Very Good Will Continue HOTEL SECTOR UPDATE - SEPTEMBER 2015 PKF Consulting USA, A CBRE Company Presented By: Andrea Foster, Managing Director, PKF Consulting USA, a CBRE Company September 17, 2015
More informationHector International Airport Fargo, North Dakota
Hector International Airport Fargo, North Dakota Volume 081 Twelve Months Ended March 2008 July 2008 Airlines Serving Fargo Carried 838 Onboard Passengers Per Day for the Twelve Months Ended March 2008,
More informationUniversity of Denver
Glenn R. Mueller, Ph.D. Professor University of Denver Franklin L. Burns School of Real Estate & Construction Management & Real Estate Investment Strategist glenn.mueller@du.edu Supply The new supply of
More information2019 Preferred Rate Hotel Program Rates
ABA 2019 TWO EASY WAYS TO MAKE RESERVATIONS USING THE ABA PREFERRED RATE HOTEL PROGRAM: PROBLEM BOOKING THE ABA PREFERRED RATES? CONTACT ABA TRAVEL SERVICES AT travel.services@americanbar.org 1. Contact
More informationMARKETBEAT U.S. Office
MARKETBEAT U.S. Office Q4 2018 U.S. OFFICE Employment Indicators Market Indicators (Overall) Office: Net Absorption/Asking Rent 4Q TRAILING AVERAGE Office: Overall Vacancy Q4 17 Q4 18 Total Nonfarm Employment
More informationHotel Valuation and Transaction Trends For the U.S. Lodging Industry
Hotel Valuation and Transaction Trends For the U.S. Lodging Industry Steve Rushmore, MAI, FRICS, CHA President and Founder HVS 372 Willis Avenue Mineola, NY 11501 516-248-8828 ext. 204 srushmore@hvs.com
More informationWILL TOMORROW BE BETTER THAN YESTERDAY?
CBRE HOTELS The World s Leading Hotel Experts. WILL TOMORROW BE BETTER THAN YESTERDAY? HOTEL SECTOR UPDATE OCTOBER 31, 2017 THE AGENDA 1. U.S. Lodging Market The Macro-Economy and Hotels The Changing Traveler
More informationNICHOLAS BROWN Vice President, Development (516)
CONSTRUCTION CONTACTS SOUTHERN NORTHERN D-ATLANTIC LEE JOHNSON (704) 362-6149 lbjohnson@kimcorealty.com NICHOLAS BROWN (516) 869-7266 nbrown@kimcorealty.com PAT CHRISTIE (516) 869-7130 pchristie@kimcorealty.com
More information2016 Course List for AABD s Institute for Bank Director Education
2016 Course List for AABD s Institute for Bank Director Education March 22 Host: Virginia Bankers Association & Virginia Association of Community Bankers Name: Bank Director & Executive Management Conference
More informationSan Francisco Travel Association Citywide Customer Advisory Council Meeting. August 21, 2014
San Francisco Travel Association Citywide Customer Advisory Council Meeting August 21, 2014 Agenda Discussion Themes 1. Meetings Are Important 2. Market Meetings Pace 3. Occupancy & Rate 4. Economic Impact
More informationMARKETBEAT U.S. Office
MARKETBEAT U.S. Office Q4 2017 U.S. OFFICE Employment Indicators Q4 16 Q4 17 Total Nonfarm Employment 145.2M 147.2M Office-using Employment 31.5M 32.1M Unemployment 4.7% 4.1% Source: BLS Market Indicators
More informationPark-Related Total* Expenditure per Resident, by City
Park-Related Total* per Resident, by City FY 2008 City Population Total Park per Resident Washington, D.C. 591,833 $153,324,830 $259 Seattle 598,541 $150,672,543 $252 Scottsdale 235,371 $50,429,049 $214
More informationMARKETBEAT U.S. Office
MARKETBEAT U.S. Office Q3 2017 U.S. OFFICE Employment Indicators Net Absorption/Rent 4-QTR TRAILING AVERAGE Q3 16 Q3 17 Total Nonfarm Employment 144.7M 146.6M Office-using Employment 31.3M 31.9M Unemployment
More information2016 Air Service Updates
2016 Air Service Updates February 2016 Pittsburgh new destination, 2x weekly April 2016 Los Angeles new departure, 1x daily Atlanta new departure, 1x daily Jacksonville new destination, 2x weekly Philadelphia
More informationBATON ROUGE Metropolitan Airport
BATON ROUGE Metropolitan Airport May August, 2011 presented by: Why the research? objective and methodology SCI was contacted by the Baton Rouge Metropolitan airport (BTR) to determine, using a quantitative
More informationMARKETBEAT U.S. Office
MARKETBEAT U.S. Office Q3 2018 U.S. OFFICE Employment Indicators Market Indicators (Overall) Office: Net Absorption/Asking Rent 4Q TRAILING AVERAGE Office: Overall Vacancy Q3 17 Q3 18 Total Nonfarm Employment
More information2016 VISITOR STATISTICS WASHINGTON, DC
2016 VISITOR STATISTICS WASHINGTON, DC TOTAL VISITATION TO WASHINGTON, DC WASHINGTON, DC (DISTRICT OF COLUMBIA) VISITORS (IN MILLIONS) 20 15 10 Overseas Domestic 15.1 14.9 1.0 1.0 14.1 13.9 18.3 19.0 17.8
More informationANNUAL BUSINESS TRAVEL INDEX MARCH 2018
ANNUAL BUSINESS TRAVEL INDEX MARCH 2018 www.ovationtravel.com www.lawyerstravel.com 800.431.1112 TABLE OF CONTENTS ANNUAL DOMESTIC AIRFARE AVERAGE PRICE PAID...3 ANNUAL INTERNATIONAL AIRFARE AVERAGE PRICE
More information2012 Airfares CA Out-of-State City Pairs -
2012 Airfares Out-of-State City Pairs - Contracted rates are from July 1, 2012 through June 30, 2013. Please note all fares are designated as () and ( ) in airline computer reservation systems. fares are
More informationThe FMR history file contains the following fields, all for 2-bedroom FMRs. It is in EXCEL format for easy use with database or spreadsheet programs.
The FMR history file contains the following fields, all for 2-bedroom FMRs. It is in EXCEL format for easy use with database or spreadsheet programs. GENERAL NOTES 1. There are no Fiscal Year 1984 FMRs
More informationMonthly Employment Watch: Milwaukee and the Nation's Largest Cities
Monthly Employment Watch: Milwaukee and the Nation's Largest Cities A monthly report on employment trends in the nation s largest cities Prepared by: The University of Wisconsin-Milwaukee Center for Economic
More informationSevier County, TN. Hotel, Restaurant, and Travel Industries: Economic Profile and Business Trends, 2006
Sevier County, TN Sevier County (Gatlinburg, Pigeon Forge, Sevierville areas) Hotel, Restaurant, and Travel Industries: Economic Profile and Business Trends, Steve Morse, Ph.D. Director & Economist Tourism
More informationAppendix D: Aggregation Error for New England Metro Areas and for Places
Appendix D: for New England Metro Areas and for Places D-1 Appendix D: s Figure D-1: New England Metro Areas - Summary of Tract s (2000) Metro ID (msapma99) Metro Area Name Census NCDB 1120 Boston, MA-NH
More informationMARKETBEAT U.S. Office
MARKETBEAT U.S. Office Q1 2017 U.S. OFFICE Employment Indicators Q1 16 Q1 17 Total Nonfarm Employment 143.4M 145.7M Offi ce-using Employment 30.9M 31.7M Unemployment 4.9% 4.6% Source: BLS Market Indicators
More informationHamilton County, TN. Hotel, Restaurant, and Travel Industries: Economic Profile and Business Trends, Hamilton County (Chattanooga area)
Hamilton County, TN Hamilton County (Chattanooga area) Hotel, Restaurant, and Travel Industries: Economic Profile and Business Trends, Steve Morse, Ph.D. Director & Economist Tourism Institute University
More information2018 Preferred Rate Hotel Program Rates
Atlanta, GA The Ritz-Carlton, Atlanta 800-241-3333 $279 $298 $361 $372 The Ritz-Carlton, Buckhead 800-241-3333 $303 $321 $410 $384 The St. Regis Atlanta 404-832-8065 $294 $321 $444 W Midtown Atlanta -NEW-
More informationNaples, Marco Island, Everglades Convention and Visitors Bureau September 2013 Visitor Profile
RESEARCH DATA SERVICES, INC. 777 SOUTH HARBOUR ISLAND BOULEVARD SUITE 260 TAMPA, FLORIDA 33602 TEL (813) 254-2975 FAX (813) 223-2986 Naples, Marco Island, Everglades Convention and Visitors Bureau September
More informationREGIONALLY FOCUSED. GLOBALLY COMPETITIVE.
ABOUT EDC WHO WE ARE Mission: San Diego Regional Economic Development Corporation s mission is to maximize the region s economic prosperity and global competitiveness. Vision: The San Diego Region will
More information