Lodging Market Update. Valley Hotel and Resort Association April 13, 2016 Presented by: Robert Hayward
|
|
- Barry Craig
- 6 years ago
- Views:
Transcription
1 Lodging Market Update Valley Hotel and Resort Association April 13, 2016 Presented by: Robert Hayward
2 United States Lodging Market
3 63.7% 59.8% 58.9% 59.2% 61.3% 63.1% 63.3% 63.1% 60.3% 55.1% 57.5% 59.9% 61.3% 62.2% 64.4% 65.6% Total United States: Historical Occupancy 70% 65% 60% 55% 50%
4 0.2% US Top 25 Markets: 2015 Supply Change 4% 3% 2% 1% 1.1% 0% -1% -2% -3% Market Supply % Chg Total US Supply % Chg 4
5 4.4% US Top 25 Markets: 2015 Demand Change 6% 5% 4% 3% 2% 2.9% 1% 0% -1% -2% -3% Market Demand % Chg Total US Demand % Chg 5
6 65.9% US Top 25 Markets: 2015 Occupancy 90% 85% 80% 75% 70% 65% 65.6% 60% 55% 50% Market Demand % Chg Total US Demand % Chg 6
7 4.4% US Top 25 Markets: 2015 Occupancy % Change 8% 6% 4% 2% 1.7% 0% -2% -4% -6% Market Demand % Chg Total US Demand % Chg 7
8 $84.66 $83.62 $82.54 $82.67 $86.19 $91.04 $97.82 $ $ $98.07 $98.06 $ $ $ $ $ Total United States: Historical ADR $130 Inflated $ $110 $90 $70 $ Note: 2000 ADR inflated to 2015 equals $
9 $ US Top 25 Markets: 2015 ADR $300 $250 $200 $150 $100 $ $50 $0 Market Demand % Chg Total US Demand % Chg 9
10 8.0% US Top 25 Markets: 2015 ADR % Change 10% 8% 6% 4% 4.4% 2% 0% -2% Market Demand % Chg Total US Demand % Chg 10
11 $54.80 $50.49 $48.89 $49.11 $52.93 $57.39 $61.69 $65.61 $64.49 $53.71 $56.43 $61.06 $65.15 $68.58 $74.04 $78.67 Total United States: Historical RevPAR $90 $90 Inflated $79.44 $75 $75 $60 $60 $45 $45 $ $30 Note: 2000 RevPAR inflated to 2015 equals $
12 $79.77 US Top 25 Markets: 2015 RevPAR $250 $200 $150 $100 $78.67 $50 $0 Market Demand % Chg Total US Demand % Chg 12
13 12.8% US Top 25 Markets: 2015 RevPAR % Change 16% 14% 12% 10% 8% 6% 4% 2% 0% -2% -4% 6.3% Market Demand % Chg Total US Demand % Chg 13
14 0.4% 0.7% 0.9% 1.1% 1.5% 1.7% 2.2% 3.0% 2.9% 2.6% 3.6% 4.1% 3.9% 4.5% 4.6% 4.4% 5.4% 6.3% 6.8% 8.3% Total United States: Key Performance % Change 10% 8% 6% 4% 2% 0% Supply Demand Occupancy ADR RevPAR
15 0.1% 0.2% 0.7% 0.5% 0.7% 0.7% 1.3% 1.3% 1.2% 2.0% 2.1% 1.6% 1.9% 2.1% 1.4% 3.3% 4.1% 4.2% 4.0% 4.3% 4.2% 4.8% 4.9% 5.0% 4.7% 4.8% 5.6% 6.3% 6.3% 6.5% Total United States: 2015 Key Performance % Change 7% 6% 5% 4% 3% 2% 1% 0% Supply Demand Occupancy ADR RevPAR Luxury Upper Upscale Upscale Upper Midscale Midscale Economy 15
16 -0.6% 0.9% 1.0% 1.6% 1.0% 3.0% 3.9% 3.7% 3.5% 3.2% 2.6% 4.7% 4.5% 6.6% 8.3% Total United States: YTD 2016 Performance % Change 10% 8% 6% 4% 2% 0% -2% Supply Demand Occupancy ADR RevPAR YTD 2/2014 YTD 2/2015 YTD 2/2016
17 -4.2% US Top 25 Markets: YTD 2016 RevPAR % Change 25% 20% 15% 10% 5% 0% 2.5% -5% -10% -15% Market Demand % Chg Total US Demand % Chg 17
18 Total United States: 2016 Forecast Summary Supply 1.7% 1.8% 1.9% Demand 2.3% 2.2% 2.1% Occupancy 0.6% 0.4% 0.2% ADR 4.4% 5.9% 5.2% RevPAR 5.0% 6.3% 5.5% 18
19 Metro Phoenix Lodging Market
20 52,200 52,490 52,853 54,103 53,590 53,288 53,395 53,844 56,247 59,261 60,572 61,054 61,603 61,541 61,233 61,300 Metro Phoenix: Total Available Rooms 65,000 60,000 55,000 50,000 45,
21 32,447 30,776 30,585 32,197 34,192 35,713 36,461 35,171 32,598 31,075 33,813 35,575 35,717 36,740 38,638 40,338 Metro Phoenix: Occupied Rooms per Day 45,000 40,000 35,000 30,000 25,000 20,000 15,
22 Metro Phoenix: % Change in Supply & Demand 15% 10% 5% 0% -5% -10% Supply 5.0% 0.6% 0.7% 2.4% -1.0% -0.8% 0.2% 0.2% 4.4% 6.2% 2.9% 0.8% 0.9% -0.1% -0.5% 0.2% Demand 5.9% -5.1% -0.6% 5.3% 6.2% 4.4% 1.8% -1.7% -7.3% -6.3% 10.3% 5.2% 0.6% 3.4% 4.9% 4.4% 22
23 62.1% 58.5% 57.7% 59.4% 63.7% 67.1% 68.2% 66.9% 59.4% 52.1% 55.8% 57.9% 57.7% 59.8% 63.1% 65.9% Metro Phoenix: Historical Occupancy 70% 66% 62% 58% 54% 50%
24 Metro Phoenix: Transient vs. Group % Change Group Phoenix Top 25 US Markets Phoenix Top 25 US Markets Occupancy 3.1% 3.4% 4.8% 0.1% ADR 2.0% 2.9% 7.3% 3.7% RevPAR 5.1% 6.4% 12.5% 3.9% Transient Occupancy 4.5% 1.7% -1.0% 1.1% ADR 7.3% 5.6% 7.6% 3.3% RevPAR 12.1% 7.5% 6.5% 4.4% Contract Occupancy 6.3% 3.5% 3.8% 0.1% ADR -17.7% 6.1% 0.9% 10.3% RevPAR -12.5% 9.8% 4.8% 10.4% 24
25 $98.49 $96.89 $92.22 $92.66 $95.74 $ $ $ $ $ $ $ $ $ $ $ Metro Phoenix: Historical ADR The growth in ADR strengthened in Factoring inflation, 2000 ADR equals $ today. $140 $125 $110 $95 $80 $65 $
26 $61.10 $56.70 $53.26 $55.03 $60.97 $68.98 $77.22 $80.76 $74.15 $55.42 $56.47 $60.22 $61.19 $65.11 $70.74 $79.77 Metro Phoenix: Historical RevPAR While increasing, RevPAR remains below 2007 peak and 2000 level factoring inflation (inflated 2000 RevPAR equals $88.49 today). $90 $80 $70 $60 $50 $40 $
27 -0.1% -0.5% -0.4% 0.9% 0.2% 0.6% 1.9% 1.6% 3.4% 3.5% 2.8% 4.9% 4.4% 4.4% 5.4% 4.8% 6.3% 8.0% 10.5% 12.8% Metro Phoenix: Key Performance % Change 15% 12% 9% 6% 3% 0% -3% Supply Demand Occupancy ADR RevPAR
28 Metro Phoenix vs. US: Key Performance Indicators Metropolitan Phoenix United States % Change % Change Occupancy 63.1% 65.9% 4.4% 64.4% 65.6% 1.7% ADR $ $ % $ $ % RevPAR $70.74 $ % $74.04 $ % Supply 0.2% 1.1% Demand 4.4%
29 Metro Phoenix: 2016 Monthly Performance Jan 2016 % Change Feb 2016 % Change YTD Feb 2016 PHX % Change US % Change Occupancy 70.0% -0.4% 82.9% +1.7% 76.1% +0.6% -0.6% ADR $ % $ % $ % +3.2% RevPAR $ % $ % $ % +2.6% Supply 0.3% +0.4% +0.3% +1.6% Demand -0.2% +2.2% +0.9% +1.0%
30 Lodging Market Overview Metropolitan Phoenix Submarkets
31 2.7% 2.6% 4.1% 4.3% 3.6% 5.4% 5.3% 4.6% 5.9% 5.1% Percent Change 7.8% 7.4% 7.2% 8.2% 8.3% 10.1% 10.3% 10.3% 11.8% 13.6% 15.9% Metro Phoenix Lodging Submarkets: 2014 % Chg. Key Performance Indicators 20% 15% 10% 5% 0% Mesa/ Chandler Tempe Scottsdale Phoenix Airport Phoenix Central Occupancy ADR RevPAR Phoenix West Black Canyon Corridor
32 1.3% 3.0% 6.1% 5.1% 6.4% 5.7% 5.9% Percent Change 9.3% 8.6% 9.2% 10.6% 10.0% 10.5% 10.0% 9.8% 11.5% 14.1% 17.0% 16.0% 18.1% 21.5% Metro Phoenix Lodging Submarkets: 2015 % Chg. Key Performance Indicators 25% 20% 15% 10% 5% 0% Mesa/ Chandler Tempe Scottsdale Phoenix Airport Phoenix Central Phoenix West Black Canyon Corridor Occupancy ADR RevPAR
33 -7.5% -6.4% -5.2% -5.1% -5.5% -6.1% -3.5% -3.1% -4.0% -3.5% -3.9% -3.3% -3.3% -4.1% Percent Change -1.8% 0.5% 0.6% 1.4% 1.5% 1.6% 3.2% Metro Phoenix Lodging Submarkets: YTD 2016 Key Performance Indicators 10% 0% -10% Mesa/ Chandler Tempe Scottsdale Phoenix Airport Phoenix Central Phoenix West Black Canyon Corridor Occupancy ADR RevPAR
34 Mesa/Chandler Submarket
35 Mesa/Chandler Submarket: Key Performance Indicators % Change YTD Feb YTD Feb % Change Occupancy 59.9% 61.7% +3.0% 74.0% 74.4% +.5% ADR $89.41 $ % $ $ % RevPAR $53.54 $ % $86.64 $ % Supply 3.1% 4.0% Demand +6.2% +4.5%
36 Tempe Submarket
37 Tempe Submarket: Key Performance Indicators % Change YTD Feb YTD Feb % Change Occupancy 65.2% 68.5% +5.1% 77.6% 78.0% +.6% ADR $91.92 $ % $ $ % RevPAR $59.95 $ % $96.64 $ % Supply +2.4% -3.9% Demand +7.6% -3.4%
38 Scottsdale Submarket
39 Scottsdale Submarket: Key Performance Indicators % Change YTD Feb YTD Feb % Change Occupancy 66.0% 66.9% +1.3% 76.4% 77.4% +1.4% ADR $ $ % $ $ % RevPAR $ $ % $ $ % Supply -2.9% -.7% Demand -1.7% +.7%
40 Phoenix Airport Submarket
41 Phoenix Airport Submarket: Key Performance Indicators % Change YTD Feb YTD Feb % Change Occupancy 64.0% 70.4% +10.0% 77.0% 79.4% +3.2% ADR $92.37 $ % $ $ % RevPAR $59.16 $ % $ $ % Supply 0.0% 0.0% Demand +10.0% +3.2%
42 Phoenix Central Submarket
43 Phoenix Central Submarket: Key Performance Indicators % Change YTD Feb YTD Feb % Change Occupancy 63.8% 67.9% +6.4% 77.8% 75.2% -3.3% ADR $ $ % $ $ % RevPAR $87.01 $ % $ $ % Supply -1.6% 1.3% Demand +4.7% -2.0h%
44 Phoenix West Submarket
45 Phoenix West Submarket: Key Performance Indicators % Change YTD Feb YTD Feb % Change Occupancy 63.3% 66.9% +5.7% 75.2% 76.3% +1.5% ADR $83.65 $ % $ $ % RevPAR $52.93 $ % $85.17 $ % Supply 0.0% +0.2% Demand +5.7% +1.7%
46 Black Canyon Corridor Submarket
47 Black Canyon Corridor Submarket: Key Performance Indicators % Change YTD Feb YTD Feb % Change Occupancy 59.2% 62.6% +5.9% 72.3% 73.4% +1.6% ADR $62.90 $ % $90.89 $ % RevPAR $37.22 $ % $65.70 $ % Supply +.6% 0.0% Demand +6.5% +1.6%
48 Metro Phoenix Resort Market
49 10,693 10,844 11,240 13,088 12,888 12,211 12,317 12,317 12,355 12,610 13,084 13,184 13,176 13,172 12,704 12,649 Phoenix Resort Market: Available Rooms 13,750 13,000 12,250 11,500 10,750 10,
50 66.7% 61.2% 60.4% 62.1% 67.2% 70.6% 69.9% 68.2% 64.2% 58.1% 61.3% 63.5% 63.9% 65.2% 66.7% 66.6% Phoenix Resort Market: Historical Occupancy 75% 70% 65% 60% 55% 50%
51 Phoenix Resort Market: Occupancy by Segment 80% 75% 74.7% 70% 70.3% 70.5% 70.1% 65% 64.7% 61.7% 67.5% 63.0% 63.7% 63.8% 60% 55% 54.2% 50% Luxury Non-Luxury 51
52 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Phoenix Resort Market: Average Daily Rate $225 $200 $175 $150 $ Note: 2000 ADR inflated to 2015 equals $
53 Phoenix Resort Market: ADR by Segment $300 $250 $ $ (6.7%) $ (4.7%) $200 $ (-20.0%) $150 $100 $ $ (-17.6%) $ (11.1%) $ (+7.6%) Luxury Notes: The number in parentheses represents percent change from prior year 2000 luxury/non-luxury ADR inflated to 2015 equals $ and $203.79, respectively Non-Luxury 53
54 $ $ $ $98.43 $ $ $ $ $ $97.30 $98.18 $ $ $ $ $ Phoenix Resort Market: Revenue per Avail. Room $145 $130 $115 $100 $85 $ Note: 2000 ADR inflated to 2015 equals $
55 Phoenix Resort Market: RevPAR by Segment $200 $150 $ $ (6.2%) $ (6.1%) $ (-25.4%) $100 $91.07 $98.26 (11.3%) $88.31 (10.0%) $50 $70.63 (-27.5%) Luxury Non-Luxury 55
56 Regional Lodging Market Issues 56
57 National and Global Influences Lodging industry following the economy-upward overall performance Overall demand demonstrating steady growth trend-steady ADR growth continues, driven by the transient sector Recovery now more uniform (not dominated by gateway markets) Group performance improving but future remains uncertain Change in consumer habits Financial markets more favorable to acquisitions and new development New supply on the rise-led by select/focus service product Ancillary spend gaining further momentum Merger/acquisition activity within the lodging industry Ongoing national and global issues Upcoming Presidential/Congressional elections Ongoing Middle East activity (war, threat of terrorism) Impact on oil prices; air and ground travel patterns China/Pacific Rim, European economic trends (global impact/international travel) Strength of the U.S. dollar U.S. employment patterns
58 Metro Phoenix Supply Outlook While currently limited, Growth in new supply could increase in foreseeable future Supportable market dynamics, travel patterns, financing, area economic conditions, etc. Absorption of last round of new supply no longer an issue Rate growth has strengthened Securing development capital continues to be difficult for larger upscale and full-service projects Minimal new full-service projects are anticipated over the next three years Lack of quality development sites Brand availability Continued focus on capital expenditures, renovation, repositioning Brand-required renovation Competitive positioning Repositioning vs. new build
59 Metro Phoenix Demand Outlook Positive Influences Local, regional, national economic recovery Compression from other markets Strength and appeal of destination and product offering Tourism funding Threats Future immigration/other legislation Convention and visitor bureau budgets remain vulnerable to future economic downturns Enhanced competitive pressure (regional, national) Continuing border issues Future group and government travel Airbnb, VRBO impact to the market
60 Average Rate Challenge ADR remains the main challenge for market Driven by higher occupancy, ADR growth is strengthening While higher, recent growth has not been at levels necessary to allow a complete market recovery Need sustained occupancy compression to achieve notable ADR growth Effective revenue management and market unification critical to success Unlike the majority of the top 25 US markets, Phoenix has yet to achieve full recovery One of three markets that have not recovered to peak ADR and RevPAR levels (as of year-end 2015)
61 US Top 25 Markets: ADR Recovery Market ADR Peak ADR Trough % Change from Peak 2015 ADR % Change from Trough % Change from Peak Anaheim $ $ % $ % 17.4% Atlanta $91.03 $ % $ % 7.4% Boston $ $ % $ % 22.6% Chicago $ $ % $ % 8.3% Dallas $93.87 $ % $ % 5.4% Denver $ $ % $ % 14.5% Detroit $86.81 $ % $ % 8.4% Houston $ $ % $ % 8.4% Los Angeles $ $ % $ % 23.8% Miami $ $ % $ % 22.6% Minneapolis-St Paul $ $ % $ % 9.6% Nashville $95.53 $ % $ % 32.6% New Orleans $ $ % $ % 25.4% New York $ $ % $ % -6.1% Norfolk-Virginia Beach $88.63 $ % $ % 6.6% Oahu $ $ % $ % 29.2% Orlando $ $ % $ % 5.6% Philadelphia $ $ % $ % 4.4% Phoenix $ $ % $ % -3.0% San Diego $ $ % $ % 6.2% San Francisco $ $ % $ % 42.6% Seattle $ $ % $ % 17.2% St Louis $87.19 $ % $ % 13.6% Tampa-St Petersburg $ $ % $ % 7.5% Washington DC $ $ % $ % -2.4% 61
62 US Top 25 Markets: RevPAR Recovery Market RevPAR Peak RevPAR Trough % Change from Peak 2015 RevPAR % Change from Trough % Change from Peak Anaheim $87.96 $ % $ % 28.8% Atlanta $56.87 $ % $ % 20.3% Boston $ $ % $ % 38.6% Chicago $87.54 $ % $ % 14.1% Dallas $55.27 $ % $ % 26.3% Denver $66.59 $ % $ % 37.3% Detroit $49.74 $ % $ % 24.5% Houston $67.53 $ % $ % 10.2% Los Angeles $92.33 $ % $ % 36.7% Miami $ $ % $ % 33.2% Minneapolis-St Paul $64.56 $ % $ % 18.8% Nashville $59.80 $ % $ % 55.7% New Orleans $74.01 $ % $ % 39.6% New York $ $ % $ % -2.9% Norfolk-Virginia Beach $53.11 $ % $ % 1.4% Oahu $ $ % $ % 44.8% Orlando $71.86 $ % $ % 19.9% Philadelphia $82.16 $ % $ % 6.2% Phoenix $80.76 $ % $ % -1.2% San Diego $ $ % $ % 13.4% San Francisco $ $ % $ % 60.3% Seattle $87.36 $ % $ % 29.5% St Louis $51.74 $ % $ % 25.1% Tampa-St Petersburg $63.73 $ % $ % 29.1% Washington DC $ $ % $ % 2.8% 62
Hotel InduSTRy Overview What Lies Ahead
Hotel InduSTRy Overview What Lies Ahead Vail R. Brown Vice President, Global Business Development & Marketing www.hotelnewsnow.com Click on Hotel Data Presentations U.S. In Review Demand Growth Strong.
More informationBeyond Bullet Points: Statistics, Trends and Analysis
Beyond Bullet Points: Statistics, Trends and Analysis Vail R. Brown VP, Global Business Development & Marketing Vail@str.com @vail_str 5 THINGS TO KNOW www.hotelnewsnow.com Click on Data Presentations
More information5 THINGS TO KNOW IN Vail R. Brown, STR
5 THINGS TO KNOW IN 2014 Vail R. Brown, STR VAIL R. BROWN Vice President of Global Business Development and Marketing for STR. Mrs. Brown is responsible for the overall coordination, functional management
More informationNYU International Hospitality Industry Investment Conference. Amanda W. Hite STR President & COO
NYU International Hospitality Industry Investment Conference Amanda W. Hite STR President & COO Supply Middle East Leads in Development 6 5.9 4 3.8 2.5 2 1.0 1.2 1.1 0 Central- South America Europe Middle
More informationFundamental Certainty
Fundamental Certainty.or No? a presentation at: R. Mark Woodworth PKF Hospitality Research, LLC May 7, 2013 mark.woodworth@pkfc.com Hotel Horizons Forecasting Model Smith Travel Research Historical rooms
More informationUS LODGING INDUSTRY OVERVIEW
US LODGING INDUSTRY OVERVIEW Mark V. Lomanno President SMITH TRAVEL RESEARCH Presentation Outline US Lodging Industry Macro Trends Daily Data Chain Scales Resort Performance Construction Pipeline Forecast
More informationHotel Industry Overview
Hotel Industry Overview Lodging Conference Ali Hoyt Senior Director, Consulting and Analytics ahoyt@str.com 2018 STR, Inc. All Rights Reserved. Any reprint, use or republication of all or a part of this
More informationKey Trends in the Meetings & Conventions Sector
Key Trends in the Meetings & Conventions Sector moderated by: Esra Calvert Where are we? Transient Performance: Demand Still Impressive, ADR Rising 4% 3% 2% 1% Demand % Change ADR % Change 0% Jan-16 Jan-17
More informationHotel Industry Update. Stephen Hennis, CHA, ISHC
Hotel Industry Update Stephen Hennis, CHA, ISHC 1 Through Aug 2012: Strong Results Despite Headwinds % Change Room Supply* 1.2 bn 0.4% Room Demand* 741 mm 3.3% Occupancy 63% 2.9% A.D.R. $106 4.3% RevPAR
More informationSouthern Lodging Summit Memphis, TN. Presented by Randy Smith Founder Smith Travel Research
Southern Lodging Summit Memphis, TN Presented by Randy Smith Founder Smith Travel Research Total US - Key Statistics 12-Months Ending July 2012 % Change Hotels 52.3 k Room Supply 1.8 bn 0.4% Room Demand
More informationU.S. Economic and Apartment Market Overview and Outlook. July 15, 2014
2014 U.S. Economic and Apartment Market Overview and Outlook July 15, 2014 U.S. Economic Overview U.S. GDP Growth Persistent Despite 1Q Polar Vortex Annualized Quarterly Percent Change 10% 5% 0% -5% -10%
More informationTHE MOST INFORMATIVE EVENT COVERING REAL ESTATE INVESTMENTS
THE MOST INFORMATIVE EVENT COVERING REAL ESTATE INVESTMENTS 2014 U.S. Economic, Capital Markets, and Retail Market Overview and Outlook Retail Trends 2014 U.S. Economic Overview and Outlook Total Employment
More informationStatistically Speaking
Statistically Speaking NYU International Hospitality Investment Conference June 2018 Amanda W. Hite President & CEO ahite@str.com 2018 STR, Inc. All Rights Reserved. Any reprint, use or republication of
More informationLodging Industry Trends June 14, 2018
Lodging Industry Trends June 14, 2018 Chris Klauda, CHIA Senior Research Director, STR cklauda@str.com 2018 STR. All Rights Reserved. No Need To Take Notes Download This Presentation www.hotelnewsnow.com
More informationGlobal Hotel Industry Outlook
Global Hotel Industry Outlook NYU 2011 Mark V. Lomanno CEO STR www.hotelnewsnow.com Click on Industry Presentations Agenda Global Hotel Performance US Hotel Performance Chain Scales Group/Transient Distribution
More informationSouthern Lodging Summit 2018
Southern Lodging Summit 2018 U.S. & Memphis Hotel Industry Performance Amanda W. Hite President & CEO ahite@str.com @HiteAmanda 2018 STR, Inc. All Rights Reserved. Any reprint, use or republication of
More informationEconomic Outlook Breakfast
Economic Outlook Breakfast September 14, 2017 The State of the Hospitality Industry in Rhode Island Rachel J. Roginsky, ISHC rroginsky@pinnacle-advisory.com 98 North Washington Street, Suite 403, Boston,
More informationKevin Thorpe Financial Economist & Principal Cassidy Turley
Kevin Thorpe Financial Economist & Principal Cassidy Turley Economic & Commercial Real Estate Outlook Kevin Thorpe, Chief Economist 2012 Another Year Of Modest Improvement 2006Q1 2006Q3 2007Q1 2007Q3 2008Q1
More informationNYU International Hospitality Industry Investment Conference
NYU International Hospitality Industry Investment Conference Industry Update: The Statistical Reality Presented by Randy Smith, Chairman and Founder, STR Global Lodging Performance Global Regions Occupancy
More informationNational Housing Trends
National Housing Trends 34% America s Choice of Best Long Term Investment 26% 17% 15% 6% Real Estate Stocks / Mutual Funds Gold Savings Accounts / CDs Bonds Gallup 2018 Housing Affordability 197 Index
More informationNational Housing Trends
National Housing Trends 34% America s Choice of Best Long Term Investment 26% 17% 15% 6% Real Estate Stocks / Mutual Funds Gold Savings Accounts / CDs Bonds Gallup 2018 Housing Affordability 197 Index
More informationNational Housing Trends
National Housing Trends 34% America s Choice of Best Long Term Investment 26% 17% 15% 6% Real Estate Stocks / Mutual Funds Gold Savings Accounts / CDs Bonds Gallup 2018 Housing Affordability 197 Index
More informationNational Housing Trends
National Housing Trends 34% America s Choice of Best Long Term Investment 26% 17% 15% 6% Real Estate Stocks / Mutual Funds Gold Savings Accounts / CDs Bonds Gallup 2018 Home Sales in thousands 2017 2018P
More informationWill 2016 Be the Last Hurrah for Commercial Real Estate? Presented By: John Chang First Vice-President Marcus & Millichap Research Services
Will 2016 Be the Last Hurrah for Commercial Real Estate? Presented By: John Chang First Vice-President Marcus & Millichap Research Services Rising Uncertainty Creating Headwinds for Commercial Real Estate
More informationClick to edit Master title style
Click to edit Master title style Dallas July 27, 2017 7/27/2017 1 1 Click to edit Master title style 7/27/2017 2 2 Click to edit Master title style 7/27/2017 3 3 Click to edit Master title style TAP Software
More informationBriefing on the State of the State. presented to the. SCAA Schuyler Center for Analysis and Advocacy
Briefing on the State of the State presented to the SCAA Schuyler Center for Analysis and Advocacy Rae D. Rosen Assistant Vice President Federal Reserve Bank of New York November 16, 2006 Key Points: Economic
More informationCU Real Estate Forum. The Game is Still Going. The Longest 7 th Inning Ever. Presenter: Doug Wulf. Monday, December 7, 2015
CU Real Estate Forum The Game is Still Going The Longest 7 th Inning Ever Presenter: Doug Wulf Monday, December 7, 2015 Out! Safe! Where Are We in the Cycle? Recession-Recovery Table History is not on
More information2009 Forecast for the Chicago CBD
TR Mandigo & Company 2009 Forecast for the Chicago CBD Presented to: Council of Chicago Hotel General Managers By Ted Mandigo Director of TR Mandigo & Company 8/4/2009 Let s cut to the chase. There s a
More informationCarol Tomé CFO and Executive Vice President, Corporate Services
Carol Tomé CFO and Executive Vice President, Corporate Services Financial Overview December 6, 2017 1 Discussion Overview Fiscal 2017 Financial Guidance Our View of the Economy and State of the U.S. Housing
More informationReal Estate: Investing for the Future. Sponsored By:
Real Estate: Investing for the Future Sponsored By: Percent Change, Year Ago 6 5 4 3 2 1 Real GDP Growth United States, 2000 Prices 0 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 U.S. Employment
More informationHospitality Outlook Asheville, NC
Hospitality Outlook Asheville, NC Chad Church STR cchurch@str.com 2017 STR, Inc. All Rights Reserved. Any reprint, use or republication of all or a part of this presentation without the prior written approval
More informationHospitality Outlook Asheville, NC
Hospitality Outlook Asheville, NC Chad Church STR cchurch@str.com 2018 STR, Inc. All Rights Reserved. Any reprint, use or republication of all or a part of this presentation without the prior written approval
More informationCompression Study: City, State. City Convention & Visitors Bureau. Prepared for
: City, State Prepared for City Convention & Visitors Bureau Table of Contents City Convention & Visitors Bureau... 1 Executive Summary... 3 Introduction... 4 Approach and Methodology... 4 General Characteristics
More informationSustainable Transportation Planning in the Portland Region
Sustainable Transportation Planning in the Portland Region Jennifer Dill, Ph.D. Associate Professor School of Urban Studies & Planning jdill@pdx.edu http://web.pdx.edu/~jdill/ Outline Elements of a sustainable
More informationRiverside Rising Economic Outlook for the Region April 2015
Analysis. Answers Riverside Rising Economic Outlook for the Region April 2015 Beacon Economics, LLC California fact versus fiction Looking back a few years (2009 / 2010) everyone was saying that CA would
More informationU.S. Property Market Outlook, 2013Q1. Jim Costello, Managing Director CBRE Americas Research Investment Research
U.S. Property Market Outlook, 2013Q1 Jim Costello, Managing Director CBRE Americas Research Investment Research CBRE Page 2 Outlook for the Real Side of the Economy Operationally, what do Research Teams
More informationDFW MULTIFAMILY TRENDS & OBSERVATIONS Q2 2017
DFW MULTIFAMILY TRENDS & OBSERVATIONS Q2 2017 DALLAS / FORT WORTH The Top US Demand Driven Apartment Market DFW MULTIFAMILY STARTS A HISTORY LESSON!!! The challenge boom or bust perception vs recent history
More informationDoc's NHL Hockey Record
2006-2007 Doc's NHL Hockey Record Date Team Score W/L Units Total Units + / - Total $$ 18-Feb Dallas -110 over San Jose 5-2 Win 19-Feb Boston -110 over Philadelphia 6-3 Win 20-Feb St. Louis -165 over Columbus
More informationPublic Transport and Development: Making It Work
Public Transport and Development: Making It Work Robert T. Dunphy Urban Land Institute World Bank Transport Forum 2006 March 28, 2006 Transportation Development Disconnect Now Few Then places w/o car Many
More informationThe U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services
The U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services Growth Is Cooling; But a Soft Landing Is Likely (Real GDP, annualized rate of growth)
More informationORLANDO MSA MARKET OVERVIEW LAST UPDATED: MAY 2018
ORLANDO MSA MARKET OVERVIEW LAST UPDATED: MAY 2018 Orlando MSA Market Overview Labor Market Payroll Employment Commercial Real Estate Residential Real Estate Consumer Spending Visitor Industry Labor Market
More informationUNITED 2026 BID: TRAINING SITE AGREEMENT. Park Board Committee Meeting Monday, February 19, 2018
UNITED 2026 BID: TRAINING SITE AGREEMENT Park Board Committee Meeting Monday, February 19, 2018 Purpose Present and review Vancouver s participation in the United 2026 bid process Seek Board approval to
More informationDr. Richard Wobbekind Executive Director, Business Research Division and Senior Associate Dean for Academic Programs University of Colorado Boulder
Dr. Richard Wobbekind Executive Director, Business Research Division and Senior Associate Dean for Academic Programs University of Colorado Boulder Member FDIC VectraBank.com Economic Outlook 2015 Richard
More informationPHILADELPHIA HOUSE PRICE INDICES
PHILADELPHIA HOUSE PRICE INDICES April 14, 2014 KEVIN C. GILLEN, Ph.D. gillenk@upenn.edu Disclaimers and Acknowledgments: The Fels Institute of Government at the University of Pennsylvania provides this
More informationTAMPA BAY EXPRESS (TBX)
TAMPA BAY EXPRESS (TBX) Hank Schneider, P.E. FDOT- District 7 Consultant Project Manager Florida Department of TRANSPORTATION TAMPA BAY EXPRESS AGENDA What is TBX? What does TBX do? Why is TBX Important?
More informationInvesting in Real Estate. The smart choice for today s investor
Investing in Real Estate The smart choice for today s investor Real Estate is preferred over stocks Real estate out performs stocks http://blog.863katy.com/category/national-housing-news/page/2/ Real Estate
More information10 County Conference. Richard Wobbekind. Executive Director Business Research Division & Senior Associate Dean Leeds School of Business
10 County Conference Richard Wobbekind Executive Director Business Research Division & Senior Associate Dean Leeds School of Business Hmm... (http://myfallsemester.blogspot.com) Real GDP Growth Percent
More informationFrederick Ross. Real Estate Market Overview. Presented by: Kevin Thomas Senior Vice President. Frederick Ross. Company.
Frederick Ross Real Estate Market Overview Presented by: Kevin Thomas Senior Vice President Frederick Ross Company January 2003 Business Consumers Source: BEA, Ross Research Housing...Bust or Rust? 2001
More informationNHL Teams. November 2016
NHL Teams November 2016 Media Cycle: Oct 1-31, 2016 This free report provides media prominence metrics for the top 15 entities in the sector. For full analytics on all sector entities, subscribe to mediaquant
More information2012 Raleigh-Durham Market Forecast Investment Sales. Jeff Glenn CBRE Wednesday, March 21, 2012
2012 Raleigh-Durham Market Forecast Investment Sales Jeff Glenn CBRE Wednesday, March 21, 2012 What s Wrong with this Picture? TOPICS I. National Perspective II. Raleigh-Durham Spotlight III. A Closer
More informationA LOS ANGELES DEPARTMENT OF CONVENTION AND TOURISM DEVELOPMENT
BOARD OF LOS ANGELES CONVENTION AND TOURISM DEVELOPMENT COMMISSIONERS City of Los Angeles California A LOS ANGELES DEPARTMENT OF CONVENTION AND TOURISM DEVELOPMENT DOANE LIU EXECUTIVE DIRECTOR JON F. VEIN
More informationVail Town Council Vail Economic Advisory Council
Vail Town Council Vail Economic Advisory Council Quarterly Market/Research Report: - Orientation/History - Econometrics - Summer Review, Winter Outlook -Transient Inventory Study Synopsys Data as of Oct.
More informationHotelBenchmark Survey and assessment of European hotel performance trends
A HotelBenchmark Survey and assessment of European hotel performance trends Launch of the HotelBenchmark Survey for Belgium and The Netherlands Julia Felton Executive Director HotelBenchmark HotelBenchmark
More informationHotel Performance and Outlook
Hotel Performance and Outlook HICAP 2016 Jesper Palmqvist 20 October apinfo@strglobal.com 2016 STR, Inc. All Rights Reserved. Any reprint, use or republication of all or a part of this presentation without
More informationBrisbane Hotel Performance
Global Hospitality Consulting 1 Brisbane Hotel Performance We can't solve problems by using the same kind of thinking we used when we created them (Albert Einstein) If we keep doing what we're doing, we're
More informationBOARD OF LOS ANGELES DEPARTMENT OF CONVENTION AND TOURISM DEVELOPMENT COMMISSIONERS
BOARD OF LOS ANGELES DEPARTMENT OF CONVENTION AND TOURISM DEVELOPMENT COMMISSIONERS Commissioners: Jon F. Vein, President; Otto Padron, Vice President; Jeremy Bernard; Stella T. Maloyan; Vacant Members
More informationCALIFORNIA STATE UNIVERSITY LONG BEACH. Southern California Regional Economic Forecast
CALIFORNIA STATE UNIVERSITY LONG BEACH Southern California Regional Economic Forecast Lisa M. Grobar, Ph.D. Director, CSULB Economic Forecast Project Office of Economic Research 2009: A terrible year for
More informationPHILADELPHIA HOUSE PRICE INDICES
PHILADELPHIA HOUSE PRICE INDICES February 13, 2017 KEVIN C. GILLEN, Ph.D. Kevin.C.Gillen@Drexel.edu Disclaimers and Acknowledgments: The Lindy Institute for Urban Innovation at Drexel University provides
More informationFederal Reserve Bank of Dallas, FIRM (Financial Institution Relationship Management)
The Economic Roller Coaster: Where Have We Been? And Where Are We Going? Thomas F. Siems, Ph.D. Senior Economist and Director of Economic Outreach Federal Reserve Bank of Dallas Economic Summit Dallas
More information2010 Forecast for the Chicago CBD
TR Mandigo & Company 2010 Forecast for the Chicago CBD Presented to: Council of Chicago Hotel General Managers By Ted Mandigo Director of TR Mandigo & Company 8/3/2010 2010 Update and Outlook Nothing gets
More information2019 Global Travel Forecast: Air, Hotel and Ground Prices
2019 Global Travel Forecast: Air, Hotel and Ground Prices Methodology 28 countries and 10 US cities Airlines, Hotel, Rental Car Forecast in USD, guidelines on currency exchange forecast Forecast projections
More informationThe State of the Commercial Real Estate Industry: Year-End 2010 Office Review & Outlook
The State of the Commercial Real Estate Industry: Year-End 2010 Office Review & Outlook Copyright 2011 CoStar Realty Information, Inc. No reproduction or distribution without permission. The following
More information2012 Annual Conference THE HEAT IS ON! A New World Competition
2012 Annual Conference THE HEAT IS ON! A New World Competition Going for Gold! Review of Global Hotel Performance with a focus on Olympic performance Elizabeth Winkle, STR Global InterContinental Buckhead
More informationYour Texas Economy. Current through: Tuesday, Nov 20, 2018
Your Texas Economy Current through: Tuesday, Nov 20, 2018 Overview of Texas Economy The Texas economy is growing robustly in 2018 2018 job growth through October is 2.9 percent annualized compared to 2.1
More informationNational and Regional Economic Outlook. Central Southern CAA Conference
National and Regional Economic Outlook Central Southern CAA Conference Dr. Mira Farka & Dr. Adrian R. Fleissig California State University, Fullerton April 13, 2011 The Painfully Slow Recovery The Painfully
More informationTHIS AIN T THE 80s! And Houston isn t going anywhere.
THIS AIN T THE 80s! And Houston isn t going anywhere. EXPECTEDLY, A DRAMATIC DOWNTURN IN OIL, ONE THAT HAS RUN EVEN FASTER AND DEEPER THAN DURING 2008-2009, RAISED ALARM ABOUT THE STABILITY OF THE HOUSTON
More information2015 Economic Forecast & Industry Outlook. Robert A. Kleinhenz, Ph.D. Chief Economist, Kyser Center for Economic Research, LAEDC October 8, 2014
2015 Economic Forecast & Industry Outlook Robert A. Kleinhenz, Ph.D. Chief Economist,, LAEDC October 8, 2014 Outline U.S. Economy California Economy Southern California Economy & Industries Five-Year Outlook
More informationPreview. Tables in your paper Mass Transit as alternative to auto California s problems in urban transportation
Preview Tables in your paper Mass Transit as alternative to auto California s problems in urban transportation Integrating tables in your writing Commuting in Urban Areas Last time auto and congestion
More informationTrade Growth - Fundamental Driver of Port Operations and Development Strategies
Trade Growth - Fundamental Driver of Port Operations and Development Strategies Marine Terminal Management Training Program October 15, 2007 Long Beach, CA Paul Bingham Global Insight, Inc. 1 Agenda Economic
More information2010 August Update for Du Page County
TR Mandigo & Company 2010 August Update for Du Page County Presented to: Du Page Convention and Visitor s Bureau By Ted Mandigo Director of TR Mandigo & Company 8/19/2010 2010 Update and Outlook In our
More informationYour Texas Economy. Last updated: January 30, 2018
Your Texas Economy Last updated: January 30, 2018 Texas economy strong in 2017 2017 job growth was 2.4% Overview 2015/2016 job growth was much weaker due to the oil bust (1.3% and 1.2%, respectively) 2014
More informationInternational Trade Economic Forecasts An Overview of Orange County and Southern California Exports
International Trade Economic Forecasts An Overview of Orange County and Southern California Exports Mira Farka Adrian R. Fleissig Institute for Economic and Environmental Studies Orange County / Inland
More informationBob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Trends. September 10, 2013
Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Trends September 10, 2013 The Freight Economy Washington continues to be a headwind on economic
More informationNevada County Population Projections 2013 to 2032 Based On The Last Estimate Year of 2012
Nevada County Population Projections 2013 to 2032 Based On The Last Estimate Year of 2012 Prepared By: The Nevada State Demographer s Office Jeff Hardcastle, AICP NV State Demographer University of NV
More informationGrowth, Innovation, and the Future of the Arizona Economy. Michael Crow Arizona State University December 21, 2016
Growth, Innovation, and the Future of the Arizona Economy Michael Crow Arizona State University December 21, 2016 Billions Arizona Gross Domestic Product, 2005-2016 $280 $275 $270 $265 $260 $255 $250 $245
More informationIt s Been 15 Years Already?!
It s Been 15 Years Already?! What We ve Learned from 12 Operational Facilities 14 Parsons Brinckerhoff, 2012. THEY WORK! May 24, 2012 Parsons Brinckerhoff, 2012. 2 David Ungemah ungemah@pbworld.com May
More informationVail Town Council & Vail Economic Advisory Council Update
Vail Town Council & Vail Economic Advisory Council Update June 21, 2016 Presented by Ralf Garrison INDEX 1. Introduction 2. Market Update 3. History: Winter 2015/16 4. Outlook: Summer 2016 5. What you
More informationSouthwest Ohio Regional Economy in Context. Richard Stock, PhD. Business Research Group
Southwest Ohio Regional Economy in Context Richard Stock, PhD. Business Research Group State of the Metro Area (in January Each Year) Total Employment has slowly increased in the last three years after
More informationCharting a Path to Lift Off? Understanding the Shifting Economic Winds
Charting a Path to Lift Off? Understanding the Shifting Economic Winds Thomas F. Siems, Ph.D. Assistant Vice President and Senior Economist Federal Reserve Bank of Dallas Government Finance Officers Arlington,
More informationPHILADELPHIA HOUSE PRICE INDICES
PHILADELPHIA HOUSE PRICE INDICES July 20, 2017 KEVIN C. GILLEN, Ph.D. Kevin.C.Gillen@Drexel.edu Disclaimers and Acknowledgments: The Lindy Institute for Urban Innovation at Drexel University provides this
More informationEconomy On The Rebound
Economy On The Rebound Robert Johnson Associate Director of Economic Analysis November 17, 2009 robert.johnson@morningstar.com (312) 696-6103 2009, Morningstar, Inc. All rights reserved. Executive
More informationThe U.S. Economic Outlook
The U.S. Economic Outlook Nigel Gault Chief U.S. Economist, IHS Global Insight FTA Revenue Estimation & Tax Research Conference Charleston, West Virginia October 17, 2011 What Has Happened to the Recovery?
More informationFiscal Year Budget Overview
Fiscal Year 2015-2016 Budget Overview Investing in Transportation for Today and Tomorrow Ed Reiskin Director of Transportation APRIL 1, 2014 San Francisco: great city, excellent transportation choices
More informationUnited Nations Conference on Trade and Development
United Nations Conference on Trade and Development 11 th MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 15-16 April 2019, Geneva Saudi economic growth strategy on the face of oil price uncertainty
More informationPHILADELPHIA HOUSE PRICE INDICES
PHILADELPHIA HOUSE PRICE INDICES January 15, 2015 KEVIN C. GILLEN, Ph.D. Kevin.C.Gillen@Drexel.edu Disclaimers and Acknowledgments: The Lindy Institute for Urban Innovation at Drexel University provides
More informationManaged Lanes: The Fitch Approach. Saavan Gatfield, Senior Director
Managed Lanes: The Fitch Approach Saavan Gatfield, Senior Director HOT Lanes Getting Hotter Priced Managed Lanes Across the United States As of 4/27/14 Sources: HNTB Corporation; GAO analysis of USDOT,
More informationProgram Update. Relationship: RP, RTIP, Budget, POF. Board of Directors Item 16 February 22, Board of Directors Item 16 Feb 22,
Program Update Board of Directors Item 16 February 22, 2019 Relationship: RP, RTIP, Budget, POF 2019 2020 2025 2030 2035 2040 2045 2050 Contains ten-year capital program budget 2 Board of Directors Item
More informationVancouver Real Estate Forum
Vancouver Real Estate Forum MODERATOR John O Bryan Chairman CBRE Limited PANELIST Chris Dobrzanski, CEO, Citizens Bank David Franklin, President, CMLS Financial Ltd. Morley Greene, President, Trez Capital
More informationBoston & Cambridge OUTLOOK 2019 Revised October 2018
Boston & Cambridge OUTLOOK 2019 Rachel J. Roginsky, ISHC Principal, Pinnacle Advisory Group rroginsky@pinnacle-advisory.com Boston & Cambridge Historic Occupancy 85.0% 80.5% 81.6% 81.5% 80.9% 82.2% 80.0%
More informationA Housing Correction or a Housing Recession?
A Housing Correction or a Housing Recession? Professor William Wheaton Department of Economics Center for Real Estate MIT January, 2007 MIT, IAP Topics: 1 Historic Housing Prices: relation to income. Cycles
More informationThe World and U.S. Economy and San Pedro Bay Container Trade Outlook Forecast Review
The World and U.S. Economy and San Pedro Bay Container Trade Outlook Forecast Review Michael Keenan Harbor Planning and Economic Analyst Port of Los Angeles October 5, 2009 Review of 2007 Container Trade
More informationManaged Lanes 2017: What They Are and How They Work. Robert W. Poole, Jr. Director of Transportation Policy Reason Foundation
Managed Lanes 2017: What They Are and How They Work Robert W. Poole, Jr. Director of Transportation Policy Reason Foundation http://reason.org What are Managed Lanes? Lanes restricted by price or vehicle
More informationRanking Walkable Urbanism in America s Largest Metros
Ranking Walkable Urbanism in America s Largest Metros The Largest 30 Metros in the United States SHARE OF U.S. POPULATION SHARE OF U.S. GDP 54% 46% 42% 58% LARGEST 30 METROS REST OF U.S. The Old Dichotomy
More informationSouthern California Economic Forecast & Industry Outlook
2016-17 Southern California Economic Forecast & Industry Outlook Robert A. Kleinhenz, Ph.D. Sr. VP/Chief Economist, LAEDC February 17, 2016 Outline U.S. Economy California Economy Southern California Economy
More information395 Express Lanes Extension
395 Express Lanes Extension January 2016 Building a network of Express Lanes Project overview Add capacity on I-395 with addition of a third HOV lane and active traffic management Generate guaranteed transit
More informationPreview. Second midterm Tables in your paper Mass Transit as alternative to auto California s problems in urban transportation
Preview Second midterm Tables in your paper Mass Transit as alternative to auto California s problems in urban transportation Score Distribution 1 st Midterm 2 nd Midterm 3.5-4.0 8% 21% 3.0-3.5 23% 34%
More informationU.S. Army Corps of Engineers Navigation Fiscal Overview
U.S. Army Corps of Engineers Navigation Fiscal Overview National Dredging Meeting Jeffrey A. McKee Chief, Navigation Branch US Army Corps of Engineers June 24-26, 2014 US Army Corps of Engineers 1 Corps
More informationManaged Lanes: A Popular and Effective Urban Solution. Ed Regan Presented by Susan Buse
Managed Lanes: A Popular and Effective Urban Solution Ed Regan Presented by Susan Buse Overview of Managed Lanes First ML: SR 91 Orange County, CA 1996 Today About 23 Operating Projects in 9 States Basic
More informationRanking Walkable Urbanism in America s Largest Metros. By Christopher B. Leinberger & Patrick Lynch
Ranking Walkable Urbanism in America s Largest Metros By Christopher B. Leinberger & Patrick Lynch The George Washington University School of Business 1 The Center for Real Estate and Urban Analysis Table
More information2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy
2018 Annual Economic Forecast Dragas Center for Economic Analysis and Policy PRESENTING SPONSOR EVENT PARTNERS 2 The forecasts and commentary do not constitute an official viewpoint of Old Dominion University,
More information