Presentation Transcript
OUTLOOK 2007:
Rachel J. Roginsky, ISHC
rroginsky@pinnacle-advisory.com
164 Canal Street Boston, MA 02114 ~ 617/722-9916
www.pinnacle-advisory.com OUTLOOK 2007
NATIONAL LODGING MARKET: NATIONAL LODGING MARKET
Slide3: Total U.S. Monthly Room Supply – Seasonally Adjusted January 1989 to April 2006 Source: Smith Travel Research CAGR – 2.065% CAGR
3.5% CAGR
0.8% 4.4 Million
Rooms 3.1 Million
Rooms
Slide4: Source: Smith Travel Research Total U.S.Monthly Room Demand – Seasonally Adjusted January 1989 to April 2006
Total United States Occupancy Percent 2002 – 2007P: Total United States Occupancy Percent 2002 – 2007P Source: Smith Travel Research
Total United States ADR Percent Change 2002 – 2007P: Total United States ADR Percent Change 2002 – 2007P Source: Smith Travel Research
Total United States RevPAR Percent Change 2002 – 2006P: Total United States RevPAR Percent Change 2002 – 2006P Source: Smith Travel Research
Slide8: Top 25 Market Areas – Occupancy Percent 2005 Source: Smith Travel Research
Slide9: Top 25 Market Areas – Average Daily Rate 2005 Source: Smith Travel Research
Slide10: Top 25 Market Areas – RevPAR 2005 Source: Smith Travel Research
Key 15 Markets RevPAR Percent Change April 2006 YTD Year-over-Year: Key 15 Markets RevPAR Percent Change April 2006 YTD Year-over-Year Source: Smith Travel Research
SUBURBAN BOSTON LODGING MARKET : SUBURBAN BOSTON LODGING MARKET
Slide13: Suburban Boston Occupancy 1996 - 2005 Source: Smith Travel Research/Pinnacle Advisory Group
Slide14: Suburban Boston Average Daily Rate 1996-2005 Source: Smith Travel Research/Pinnacle Advisory Group
Slide15: Suburban Boston RevPAR 1996 - 2005 Source: Smith Travel Research/Pinnacle Advisory Group
Slide16: Suburban Boston Supply and Demand 1999 - 2005 Source: Smith Travel Research/Pinnacle Advisory Group
Slide17: Suburban Boston Occupancy YTD May 2004 - 2006 Source: Smith Travel Research/Pinnacle Advisory Group
Slide18: Suburban Boston Average Daily Rate YTD May 2004 - 2006 Source: Smith Travel Research/Pinnacle Advisory Group
Slide19: Suburban Boston RevPAR YTD May 2004 - 2006 Source: Smith Travel Research/Pinnacle Advisory Group
Slide20:
Hilton Garden Inn – Plymouth – 130 Rooms – May
Hampton Inn and Suites – Plymouth - 122-rooms – August
Residence Inn – Marlborough – 112 Rooms - October
Residence Inn – Norwood – 96 Rooms – November
Suburban Boston New Supply 2006 Source: Pinnacle Advisory Group
Slide21: Source: Pinnacle Advisory Group
Slide22:
Improving Economy
Stronger Office Market
Limited New Supply
Compression
Suburban Boston 2006
Slide23: Suburban Boston Projections 2006 Source: Pinnacle Advisory Group
Slide24:
Limited New Supply
Slightly less Compression
Improved Economy
Conversions
Suburban Boston 2007
Slide25: Suburban Boston Projections 2007 Source: Pinnacle Advisory Group
Slide27: Boston / Cambridge Occupancy 1989-2005 Source: Pinnacle Advisory Group
Slide28: Boston / Cambridge ADR 1989-2005 Source: Pinnacle Advisory Group
Slide29: Boston / Cambridge RevPAR 1989-2005 Source: Pinnacle Advisory Group
Slide30: Boston / Cambridge Supply and Demand 1989-2005 Source: Pinnacle Advisory Group
Slide31: Boston / Cambridge Occupancy YTD May 2004-2006 Source: Pinnacle Advisory Group
Slide32: Boston / Cambridge ADR YTD May 2004-2006 Source: Pinnacle Advisory Group
Slide33: Boston / Cambridge RevPAR YTD May 2004-2006 Source: Pinnacle Advisory Group
Slide34: Boston / Cambridge Change In RevPAR 1996 – YTD May 2006 Source: Pinnacle Advisory Group
Slide35: Boston / Cambridge Change In RevPAR By Market Area 2005 Source: Pinnacle Advisory Group
Slide36: Boston / Cambridge Change In Performance By Market Area
YTD May 2006 Source: Pinnacle Advisory Group
Slide37: Westin Headquarters Hotel – Waterfront – 790 Rooms – June
Intercontinental – Downtown - 424-rooms - November
Boston / Cambridge New Supply 2006 Source: Pinnacle Advisory Group
Slide38: Charles Street Jail – Beacon Hill – 308 Rooms - May
Renaissance – 477 Rooms – Waterfront District – December
Boston / Cambridge New Supply 2007 Source: Pinnacle Advisory Group
Slide40:
Continued Strong Corporate Growth Anticipated
2006 Record Convention Year
2007 Slightly behind 2006
Winter Advertising Campaign will help off-season Leisure
Boston / Cambridge Demand Factors Source: Pinnacle Advisory Group
Slide41:
Strong increases in other national markets
Momentum from 2006 Likely to Carry-Over to 2007
Luxury Orientation of New Product Will Help
Large Citywides and Continued Strong demand
will Help Compression
Boston / Cambridge Average Rates Source: Pinnacle Advisory Group
Slide42:
Several Regional Executives
5-7% RevPAR Growth
Pinnacle Operator’s Survey 2007 Outlook Source: Pinnacle Advisory Group
Slide43: Boston Cambridge Projections 2006 Source: Pinnacle Advisory Group
Slide44: Boston Cambridge Projections 2006 Source: Pinnacle Advisory Group
PINNACLE ADVISORY GROUP:
164 Canal Street Boston, MA 02114 ~ 617/722-9916
238 South State Street, Newtown, PA 18940 ~ 215/579-1804
3418 Norfolk Street, Pompano Beach, FL 33062 ~ 954/786-2019
www.pinnacle-advisory.com PINNACLE ADVISORY GROUP