Outlook 2004
Download
1 / 66

Outlook 2004 - PowerPoint PPT Presentation


  • 208 Views
  • Uploaded on

Rachel J. Roginsky, ISHC Pinnacle Advisory Group 76 Canal Street Boston, MA 02114 Telephone: 617-722-9916 Fax: 617-722-9917 [email protected] Outlook 2004. Pinnacle Realty Investments. Pinnacle Advisory Group. National Lodging Market. Top 25 Markets – 2002

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Outlook 2004' - Patman


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Outlook 2004 l.jpg

Rachel J. Roginsky, ISHC

Pinnacle Advisory Group

76 Canal Street

Boston, MA 02114

Telephone: 617-722-9916 Fax: 617-722-9917

[email protected]

Outlook 2004

Pinnacle Realty Investments

Pinnacle Advisory Group


National lodging market l.jpg

National Lodging Market

Top 25 Markets – 2002

Total U.S. Market Through April 2003

National Projections


National lodging market3 l.jpg

National Lodging Market

Top 25 Markets – 2002


Slide4 l.jpg

Top 25 MarketsRoom Supply Percent Change - 2002

INDUSTRY AVERAGE 1.8 %

Source: Smith Travel Research / Pinnacle Advisory Group


Slide5 l.jpg

Top 25 MarketsADR Percent Change - 2002

INDUSTRY AVERAGE -1.5 %

Source: Smith Travel Research / Pinnacle Advisory Group


Slide6 l.jpg

Top 25 MarketsOccupancy 2002

INDUSTRY AVERAGE 59.2 %

Source: Smith Travel Research


Slide7 l.jpg

Top 25 Markets RevPAR 2002

Source: Smith Travel Research / Pinnacle Advisory Group


National lodging market8 l.jpg

National Lodging Market

Total U.S. Market Through April 2003


Slide9 l.jpg

Total United StatesRoom Supply/Demand Percent ChangeTwelve Month Moving Average To April 2003

Source: Smith Travel Research / Pinnacle Advisory Group


Total united states occupancy and adr twelve month moving average to apr 2003 l.jpg
Total United StatesOccupancy and ADRTwelve Month Moving Average To Apr 2003

Source: Smith Travel Research / Pinnacle Advisory Group


Total united states key performance indicators percent change twelve months ending april l.jpg
Total United StatesKey Performance Indicators Percent ChangeTwelve Months Ending April

Source: Smith Travel Research / Pinnacle Advisory Group


Chain scales occupancy adr percent change twelve months ended april 2003 l.jpg
Chain ScalesOccupancy/ADR Percent ChangeTwelve Months Ended April 2003

Source: Smith Travel Research / Pinnacle Advisory Group


National lodging market13 l.jpg

National Lodging Market

National Projections


Slide14 l.jpg

U.S. Lodging Outlook

* Supply Growth Significantly Lower

* Demand Lags, Then Recovers

* Occupancy Flat

* Pressure on Room Rates

* Slow RevPAR Growth

* Potential Threat – War/Terrorism


Total united states supply demand percent change 1996 2003p l.jpg
Total United StatesSupply/Demand Percent Change1996 – 2003P

Source: Smith Travel Research / Pinnacle Advisory Group


Total united states occupancy percent 1996 2003p l.jpg
Total United StatesOccupancy Percent1996 – 2003P

Source: Smith Travel Research / Pinnacle Advisory Group


Total united states average daily rate 1996 2003p l.jpg
Total United StatesAverage Daily Rate1996 – 2003P

Source: Smith Travel Research / Pinnacle Advisory Group


Total united states revpar percent change 1996 2003p l.jpg
Total United StatesRevPAR Percent Change1996 – 2003P

Source: Smith Travel Research / Pinnacle Advisory Group



New england occupancy 2002 l.jpg
New England Occupancy - 2002

Source: Smith Travel Research / Pinnacle Advisory Group


New england average daily rate 2002 l.jpg
New England Average Daily Rate – 2002

Source: Smith Travel Research / Pinnacle Advisory Group


New england revpar 2002 l.jpg
New England RevPAR – 2002

Source: Smith Travel Research / Pinnacle Advisory Group


New england change in performance 2002 l.jpg
New England Change in Performance - 2002

Source: Smith Travel Research / Pinnacle Advisory Group


New england change in performance ytd june 2003 l.jpg
New England Change in Performance – YTD June 2003

Source: Smith Travel Research / Pinnacle Advisory Group


Suburban boston lodging market l.jpg

Suburban Boston Lodging Market

Statistics

Projections




Suburban boston occupancy 1995 2002 l.jpg
Suburban Boston Occupancy 1995-2002

Source: Smith Travel Research / Pinnacle Advisory Group


Suburban boston average room rate 1995 2002 l.jpg
Suburban Boston Average Room Rate 1995 - 2002

Source: Smith Travel Research / Pinnacle Advisory Group


Suburban boston revpar 1995 2002 l.jpg
Suburban Boston RevPAR 1995 - 2002

Source: Smith Travel Research / Pinnacle Advisory Group


Suburban boston lodging supply 1995 2002 l.jpg
Suburban Boston Lodging Supply 1995 - 2002

Source: Smith Travel Research / Pinnacle Advisory Group


Suburban boston occupancy ytd june 2001 2003 l.jpg
Suburban Boston Occupancy YTD June 2001 - 2003

Source: Smith Travel Research / Pinnacle Advisory Group


Suburban boston average daily rate ytd 2001 2003 l.jpg
Suburban Boston Average Daily Rate YTD 2001 - 2003

Source: Smith Travel Research / Pinnacle Advisory Group


Suburban boston revpar ytd 2001 2003 l.jpg
Suburban Boston RevPARYTD 2001 - 2003

Source: Smith Travel Research / Pinnacle Advisory Group



Suburban boston 2003 l.jpg
Suburban Boston 2003

  • Continued Lack of Overflow from Boston

  • Major Demand Generators Report only limited increases in demand

  • Shorter Booking Window

  • New Supply Less but Still a Factor

  • Pent-up demand


Pinnacle projections suburban boston 2003 l.jpg
Pinnacle ProjectionsSuburban Boston 2003


Suburban boston 2004 l.jpg
Suburban Boston 2004

  • Stronger Convention Year for Boston

  • Improving economy

  • Limited New Supply

  • Stable Geopolitical Situation

  • Weak Dollar


Pinnacle projections suburban boston 2004 l.jpg
Pinnacle ProjectionsSuburban Boston 2004


Boston cambridge lodging market l.jpg

Boston / Cambridge Lodging Market

Statistics

New Supply

Demand Trends

Projections



Boston cambridge occupancy 1989 2002 l.jpg
Boston / Cambridge Occupancy 1989 – 2002

Source: Pinnacle Advisory Group


Boston cambridge average room rate 1989 2002 l.jpg
Boston / Cambridge Average Room Rate 1989-2002

Source: Pinnacle Advisory Group


Boston cambridge revpar 1989 2002 l.jpg
Boston / Cambridge RevPAR 1989-2002

Source: Pinnacle Advisory Group


Boston cambridge lodging supply 1989 2002 l.jpg
Boston / Cambridge Lodging Supply 1989 - 2002

Source: Pinnacle Advisory Group


Boston cambridge occupancy ytd june 2001 2003 l.jpg
Boston / Cambridge Occupancy YTD June 2001-2003

Source: Pinnacle Advisory Group


Boston cambridge average room rate ytd june 2001 2003 l.jpg
Boston / Cambridge Average Room Rate YTD June 2001-2003

Source: Pinnacle Advisory Group


Boston cambridge revpar ytd june 2001 2003 l.jpg
Boston / Cambridge RevPARYTD June 2001-2003

Source: Pinnacle Advisory Group


Boston cambridge change in revpar 1996 ytd june 2003 l.jpg
Boston / Cambridge Change in RevPAR 1996 – YTD June 2003

Source: Pinnacle Advisory Group


Boston cambridge change in performance by market area 2002 l.jpg
Boston / Cambridge Change in Performance By Market Area - 2002

Source: Pinnacle Advisory Group


Boston cambridge change in performance by market area ytd june 2003 l.jpg
Boston / Cambridge Change in Performance By Market Area – YTD June 2003

Source: Pinnacle Advisory Group



Boston cambridge new supply 2003 l.jpg
Boston / Cambridge New Supply 2003

  • Embassy Suites - Airport – 273 Rooms - April

  • Residence Inn – Charlestown – 168 Rooms – May

  • Hotel Marlowe – E. Cambridge – 236 Rooms – May

  • Commonwealth Hotel – Kenmore Square 149 - Rooms - May

  • Courtyard Hotel – Back Bay - 90 - Rooms -September/October


Boston cambridge new supply 2004 l.jpg
Boston / Cambridge New Supply 2004

  • Hotel Onyx – N. Station – 112 Rooms – Winter/Spring

  • Jurys Doyle – Back Bay – 220 Rooms – Spring

  • Clarion – N. Station – 88 Rooms – Summer

  • Hampton Inn and Suites – Crosstown – 175 Rooms – Summer



Boston cambridge demand trends l.jpg
Boston / Cambridge Demand Trends

  • Declining Corporate Demand

    • Economy

    • Geopolitical Situation

  • Declining Group Demand

    • Weak Corporate Demand

    • Off Convention Years

  • Declining Airline Crew Demand

    • Economy

    • Airline Industry Woes


Boston cambridge demand trends57 l.jpg
Boston / Cambridge Demand Trends

  • Increasing Leisure Demand

    • “Buying” Demand Through Lower Rates

    • Increasing Use of the Internet

  • Increasing Government Demand

    • Increased Per Diem

    • Homeland Security


Factors affecting boston cambridge performance vs national performance l.jpg
Factors Affecting Boston / Cambridge Performance vs. National Performance

  • Stronger Supply Increases

  • Heavy Reliance on Technology and Financial Services Industries

  • Popular Destination with International Travelers


Boston cambridge lodging market59 l.jpg

Boston / Cambridge Lodging Market National Performance

Projections


Factors affecting demand 2h 2003 l.jpg
Factors Affecting Demand 2H 2003 National Performance

  • Fewer Conventions than 2H 2002

  • New Supply

  • Shorter Booking Window

  • Improving Economy

  • More Stable Geopolitical Situation

  • Weak Dollar


Pinnacle operators survey 2003 l.jpg
Pinnacle Operators Survey 2003 National Performance

  • 18 Hotels, 7,900 Rooms

  • Occupancy

    • Down 2.4 Points

  • Average Rate

    • Down 7.3 Percent

  • RevPAR

    • Down 10.2 Percent



Factors affecting demand 2004 l.jpg
Factors Affecting Demand 2004 National Performance

  • Strong Convention Year

  • New Supply

  • Improving Economy

  • More Stable Geopolitical Situation

  • Weak Dollar

  • MOTT Budget Reduction


Pinnacle operators survey 2004 l.jpg
Pinnacle Operators Survey 2004 National Performance

  • 18 Hotels, 7,900 Rooms

  • Occupancy

    • Up 1.4 Points

  • Average Rate

    • Up 2.5 Percent

  • RevPAR

    • Up 4.8 Percent



Outlook 200466 l.jpg

Rachel J. Roginsky, ISHC National Performance

Pinnacle Advisory Group

76 Canal Street

Boston, MA 02114

Telephone: 617-722-9916 Fax: 617-722-9917

[email protected]

Outlook 2004

Pinnacle Realty Investments

Pinnacle Advisory Group


ad