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22nd Annual Southern California Visitor Industry Outlook Conference

22nd Annual Southern California Visitor Industry Outlook Conference. CIC Research, Inc. 8361 Vickers St. San Diego, CA 92111 858-637-4000 www.cicresearch.com Hotel Maya Long Beach, CA October 29, 2010. Where Have We Been?. Bankruptcy. Swine Flu. 2008. Foreclosures. 2.

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22nd Annual Southern California Visitor Industry Outlook Conference

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  1. 22nd Annual Southern CaliforniaVisitor Industry Outlook Conference CIC Research, Inc.8361 Vickers St.San Diego, CA 92111858-637-4000 www.cicresearch.com Hotel Maya Long Beach, CA October 29, 2010

  2. Where Have We Been? Bankruptcy Swine Flu 2008 Foreclosures 2

  3. And Travel is More Fun? 3

  4. Potential 40% More PAX? 4

  5. A La Carte Airfare Pricing 5

  6. Southern California Perspective

  7. Southern California Perspective • 23.6 Mil. population in SoCal • - About 7.5 Mil. HouseholdsUnemp • - More than 9.7 Mil. Employees12.2% • California: - 38.7 million CA population (SoCal=61%) - 16.0 million CA employees (SoCal=61%)12.4% • United States: - 310 million US population (SoCal=8%) - 139 million US employees (SoCal=7%) 9.6%

  8. 2010 SoCal Hotel Room Inventory Room Inventory • 301,000 Rooms • 109.9 Mil. Room Nights Avail. • 66.1% Occ. Rate • 72.7 Mil. Room Nights Sold Sources: CIC Research, LACVB, AOCVCB, SDCVB, & STR.

  9. SoCal Hotel Rooms Sold No change 2005 - 2007 Millions of Room Nights 9 Sources: CIC Research, LACVB, AOCVCB, SDCVB, PKF & STR.

  10. SoCal Hotel Room Revenue Peak in 2007 10 Sources: CIC Research, LACVB, AOCVCB, SDCVB, PKF & STR.

  11. International Visitors to the U.S. Millions Source: U.S. Dept. of Commerce, OTTI/CIC Research, Oct. 2010.

  12. LAX International Arrivals (monthly percent change to prior year) 2008 2009 2010

  13. LAX Quarterly International Pax Arrivals Millions 2007 2008 2009 2010 13

  14. SoCal Passenger Arrivals (comparison to prior year same quarter) Primarily domestic air travelers. 2008 2009 2010 14

  15. Southern California Air Arrivals Arrivals in Millions 2007 2008 2009 2010

  16. Southern California Air Arrivals Arrivals in Millions 16

  17. Overnight Visitors to SoCal

  18. Domestic Overnight Visitors to SoCal Millions Source: CIC Research, Inc.

  19. SoCal Overnight International Visitors Millions Source: CIC Research, Inc.

  20. Total Overnight Visitors to SoCal Source: CIC Research, Inc.

  21. Total SoCal Overnight Visitor Spending Source: CIC Research, Inc.

  22. SoCal Overnight Visitor Forecast (2010 & 2011) • Visitors45.5 M (2010 Preliminary) Up (3.5%-4%)46.6 - 47.0 M (2011 Forecast) Up (2.4% to 3.3%) • International Visitors6.2 M (2010 Preliminary) up (10%-11%)6.4 - 6.7 M (2011 Forecast) Up (3% to 8%) • Domestic Visitors39.3 M (2010 Preliminary) Up (3%)40.2 – 40.6 M (2011 Forecast) Up (2.3% to 3.3%) • Spending$25.7 B (2010 Preliminary) Up (4.5%-5.5%)$27.3 B - $27.8 B (Forecast 2011) Up (6% to 8%)

  23. LAX Monthly International Passenger Arrivals 2008 2009 2010

  24. SoCal Passenger Arrivals - Monthly Percent Change (comparison to same month of prior year) 2008 2009 2010 24

  25. Southern California Air Arrivals In 000’s 2007 2008 2009 2010

  26. SoCal Ports of Entry- All OverseasVisitor Arrivals Arrivals in Millions Source: CIC Research & Dept. of Homeland Security.

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