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Sustainable Growth Strategies for New Orleans Hospitality Sector

Explore the current revitalization efforts in New Orleans' tourism industry, focusing on airport capacity, job trends, hotel occupancy rates, and visitor spending. Learn about the city's tourism appeal and its impact on Louisiana's economy.

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Sustainable Growth Strategies for New Orleans Hospitality Sector

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  1. A CURRENT PERSPECTIVE ON THE REVITALIZATION OF HOSPITALITY AND TOURISM IN NEW ORLEANS

  2. Airport Capacity (Seats per day)Monthly Average 05 PreK05 PostK 07_ Jan. - May 08 20,676 4,757 14,033 16,058 (78% of PreK) January 08: 15,440 February 08: 15,889 March 08: 16,258 April 08: 16,258 May 08: 16,447

  3. Deplanements (Monthly Average) 05 PreK05 PostK 07__Jan. - April 08 429,580 110,092 313,899 350,529 (82% of PreK) January 08: 330,871 February 08: 328,275 March 08: 385,698 April 08: 357,273

  4. Convention Room Nights(Monthly Average) 05 PreK05 PostK 07 Current (May 08) 128,255 32,531 82,290 105,716 (82.43%of PreK) January 08: 90,206 February 08: 95,082 March 08: 158,841 April 08: 87,965 May 08: 96,485

  5. Jobs in Leisure and Hospitality PreK October 07 April 08__ 85, 760 42,200 (Worst) 67,800 Current jobs equate to 79% of PreK level

  6. Jobs in Food Service and Drinking Places PreK__ October 05___April 08 55,980 24,400 (Worst) 45,100 Current jobs equate to 81% of PreK level

  7. Jobs in Accommodations PreK___ November 05__April 08 15,510 8,600 (Worst) 11,100 Current jobs equate to 72% of PreK level

  8. Gaming Casino 2008 YTD_% of PreK Boomtown $14,387,787 140.69% Treasure Chest $10,049,480 105.40% Harrah’s $35,439,843 122.02%

  9. Hotel Room Supply PreK September 05__April 08 38,525 11,876 (lowest) 33,498 Hotel room supply is 87% of PreK level

  10. Monthly Hotel Occupancy Rate (%) PreK05 Post K 06 07__08-(Apr) 72.96 64.81 64.24 62.68 74.73 January 08: 70.0% February 08: 71.6% March 08: 80.8% April 08: 76.5%

  11. Hotel rooms reported as out of orderfollowing Katrina # Out of OrderFeb07Aug07Mar08 0 69% 93% 100% 1-19 8% 7% 0% 20-49 15% 0% 0% 50+ 8% 0% 0%

  12. Visitor Mix - Share of Room Nights Sold

  13. Restaurants Currently 1,355 foodservice establishments are open in New Orleans (72% of the 1,882 pre-Katrina)

  14. Some Perspective on New Orleans as the Driver of Tourism in Louisiana 7.1 million visitors to New Orleans in 2007 New Orleans visitors spent $4.8 billion in 2007

  15. The Attraction of New Orleans • Visitors to New Orleans stay on average 4 days as compared to 2 days on average in other locations across the state • 44.9% of business visitors extend their stay in New Orleans • On average, those business visitors extending their stay will extend it by 2 days

  16. A shifting business paradigm?

  17. The Price of Oil Year endingPrice per barrel ($) 05 59.40 06 61.96 07 91.69 6/18/08 132.53

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