hotel waterpark resort industry report 2003 usa lodging starts upward trend usa hotel waterpark...
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Hotel Waterpark Resort Industry Report 2003
• USA Lodging Starts Upward Trend• USA Hotel Waterpark Resort Supply• USA 14 New Hotel Waterpark Resorts Open• USA Top 20 Largest Hotel Waterpark Resorts• USA Top 15 Largest Meeting Facilities with WPs• USA Under Construction & In Development• Canada Hotel Waterpark Resort Supply• Canada Top 15 Largest Hotel Waterpark Resorts• Canada Under Construction & In Development• Mexico• Rest of the World
USA Lodging Outlook
2003 2002 % Change
Occupancy 60.8% 61.2% -0.7
ADR $83.60 $84.01 -0.5
RevPAR $50.87 $51.45 -1.1
USA Lodging Outlook
• Hotel room revenues, supply & demand all showing positive growth over last year.
• July 4th Weekend was the turnaround.• Last 3 months Occ & ADR up over same
month a year ago.• We are in a slow upward recovery.• 2003 will end like 2002. Better in 2004!• Resorts did better than last year and better
than other types of lodging.
Hotel Performance Ytd Aug
2003
OCC
2002
OCC
%
Chg
2003
ADR
2002
ADR
%
Chg
USA 60.8 61.2 -0.7 83.60 84.01 -0.5
Florida 65.1 64.3 1.2 92.54 92.42 0.1
Arizona 61.5 60.4 1.8 84.38 84.39 0.0
California 65.1 65.7 -0.9 94.42 95.75 -1.4
Nevada 70.5 68.3 3.2 96.99 95.81 1.2
Hawaii 73.4 71.3 2.9 145.85 142.67 2.2
Wisconsin 55.9 55.6 0.5 70.24 70.11 0.2
Minnesota 58.6 59.5 -1.5 74.68 76.03 -1.8
Smith Travel Research
Hotel Performance Ytd Aug
2003
OCC
2002
OCC
%
Chg
2003
ADR
2002
ADR
%
Chg
USA 60.8 61.2 -0.7 83.60 84.01 -0.5
Anaheim 68.6 67.3 1.9 92.61 92.68 -0.1
Boston 60.5 63.9 -5.3 114.22 122.17 -6.5
Chicago 60.9 59.4 2.5 100.53 100.91 -0.4
New York 71.7 72.0 -0.4 156.17 165.77 -5.8
Orlando 65.5 66.7 -1.8 85.30 88.74 -3.9
Phoenix 61.3 59.5 3.0 95.57 95.87 -0.3
San Francisco 62.5 61.7 1.3 116.94 124.71 -6.2
USA Competitive Supply
2003 2002 % Chg
Hotel IWPs 62 50 24.0
Rooms 9781 7520 30.0
IWP SqFt 1,297,929 750,904 72.8
Meeting Rms 280 213 31.5
Branded 27 20 35.0
Independent 35 30 16.7
USA Competitive Supply
• These 62 hotels indoor waterparks are located in the following states:
2003 2002
28 25 Wisconsin
14 10 Minnesota
3 2 Michigan
3 2 North Dakota
3 2 South Dakota
2 1 Montana
1 1 AK, AZ, CA, CO, HI, IA, KS, MO, NE, OH, PA & WY
Top 10 Largest Hotel Waterpark Resorts in the USA
Name Location Rooms Indoor WP Mtg Space
Wilderness Hotel Wisc Dells WI 593 161,000 7,300
Kalahari Resort Wisc Dells WI 378 125,000 29,344
Bavarian Inn Frankenmuth MI 357 30,000 17,000
Grand Country Inn Branson MO 319 20,000 500
Great Wolf Lodge Wisc Dells WI 309 44,000 6,000
Treasure Island Wisc Dells WI 302 65,000 0
Chula Vista Resort Wisc Dells WI 300 30,000 14,000
Great Wolf Lodge Traverse City MI 281 38,000 3,780
Great Wolf Lodge Kansas City KS 281 38,000 3,780
Great Bear Lodge Sandusky OH 271 33,000 6,000
Top 10 -20 Largest Hotel Waterpark Resorts in the USA
Name Location Rooms Indoor WP
Mtg Space
BW Sterling Inn CC Sterling Hgts MI 250 22,769 15,905
Hilton City Center Milwaukee WI 250 20,000 30,000
Polynesian Resort Wisc Dells WI 230 38,000 1,800
Hojo Resort CC Wisc Dells WI 230 13,000 15,000
BW Ramkota Hotel Sioux Falls SD 226 3,000 60,000
Timber Ridge Lodge Lake Geneva WI 225 30,000 50,000
Grand View Lodge Nisswa MN 200 7,500 28,000
Arrowood Resort Alexandria MN 200 21,000 10,600
Grand Harbor Resort Dubuque IA 194 25,000 120,000
Ramada Plaza Fargo ND 185 10,000 25,000
USA Competitive Supply
• 42 other hotels with indoor waterparks are located: In WI-Green Bay, Madison, Minocqua, Lac du Flambeau, Tomah, Prairie du Chien; In MN-Moorhead, Thief River Falls, Rochester, Minneapolis, Owatonna, St Cloud, Baxter, Detroit Lakes, Orr, Shoreview; In ND-Minot, Bismarck; In SD-Aberdeen, Watertown; In MT-Anaconda, Missoula; In other areas- Erie PA, Casper WY, Norfolk NE, Colorado Springs CO and Anchorage AK.
Profile of Hotel Waterparksby Number of Rooms
Avg#
Rooms
Indoor
WP
Avg#
Slides
Avg#
Pools
Avg#
Spas
Mtg
Space
Avg#
Mtg Rms
Top 5 391 76,000 5.4 3.4 2.2 12,029 7.4
Top 10 339 58,400 6.1 3.1 2.0 8,770 6.8
Top 20 279 38,713 4.2 2.7 1.8 22,200 9.8
Top 30 238 32,312 3.6 2.4 1.5 17,182 8.5
Top 40 207 27,017 3.2 2.3 1.5 14,750 7.5
Ratio of Rooms to Waterpark
Hotels with
Indoor WP
Avg #
Rooms
Indoor WP
Avg SF
Indoor WP
SF Per Room
Over 50,000 sf 328 89,500 273
40-49,000 sf 230 42,000 183
30-39,000 sf 257 33,375 130
20-29,000 sf 221 21,554 98
10-19,000 sf 119 11,944 100
5-9,000 sf 103 6,955 68
Under 5,000 sf 90 2,589 29
Top 10 Hotel Meeting Facilities with indoor waterparks in the USA
Name Location Rooms Meeting Space
Indoor
Waterpark
Grand Harbor Resort Dubuque IA 194 120,000 25,000
BW Ramkota Hotel Sioux Falls SD 226 60,000 3,000
Timber Ridge Lodge Lake Geneva WI 225 50,000 30,000
Hilton City Center Milwaukee WI 730 30,000 20,000
Kalahari Resort Wisc Dells WI 272 29,344 67,500
Ramada Plaza Fargo ND 185 25,000 10,000
Bavarian Inn Lodge Frankenmuth MI 357 17,000 30,000
Marriott Depot Hotel Minneapolis MN 132 16,000 10,000
Hojo Resort CC Wisc Dells WI 230 15,000 13,000
Ramada Inn Norfolk NE 98 15,000 7,000
Profile of Hotel Waterparksby Size of Meeting Facilities
Avg#
Rooms
Indoor
WP
Avg#
Slides
Avg#
Pools
Avg#
Spas
Mtg
Space
Avg#
Mtg Rms
Top 5 255 40,600 4.8 2.2 1.6 57,869 16.8
Top 10 240 29,677 3.0 2.4 1.6 39,125 14.6
Top 20 222 24,618 2.6 2.1 1.8 30,523 13.5
Under Construction USA
Name Location Rooms IWP SqFt
Holiday Inn Amana IA Convert 8,934
Mountain Grand Boyne Falls MI New 200 51,000
BW Sterling Inn Sterling Hgts MI Expand 9,000
Ramada NW Brooklyn Park MN New 20,000
Great Wolf Lodge Poconos PA New 400 50,000
Great Wolf Lodge Williamsburg VA New 297 38,000
Grand Victorian Sheboygan WI New 247 40,000
Meadowbrook Wisc Dells WI Expand 7,000
Kalahari Resort Wisc Dells WI Expand
In Development USA
• 46 hotel waterpark projects are in the planning stages compared to 28 last year.
• Michigan, Wisconsin & Minnesota are leading the way in new projects.
• 11,400 rooms and 1.2 million sf of IWPs are in the pipeline.
Canadian Competitive Supply
• We have identified 99 hotel indoor waterparks, typically smaller properties averaging 3200 sf of indoor waterpark. Located in the following provinces:
38 Alberta
20 Saskatchewan
13 British Columbia
9 Manitoba
9 Ontario
6 Quebec
2 Prince Edw Isl
2 Nova Scotia
Canadian Competitive Supply
• Often, these are hotels that have enhanced their indoor swimming pools with the addition of play structures and waterslides with minimal theming.
• In Canada, the largest concentration of hotel indoor waterparks is in the Economy Hotel sector with an average of 69 rooms and 2,917 sf of indoor waterpark.
Major Canadian Hotel Waterparks
• Fantasyland Hotel with 355 rooms at West Edmonton Mall’s World Waterpark with 217,000 sf.
• Ramada Lethbridge AB with 119 rooms and 13,000 sf indoor waterpark.
• Medicine Hat Lodge AB with 193 rooms and 6,000 sf indoor waterpark
• Others have 2500-5000 sf IWPs.
Under Construction Canada
• Travelodge World Hotel in Ottawa is adding 13,000 sf indoor waterpark to its 117 rooms.
• 7 other projects of less than 10,000 sf IWP are underway in Drumheller AB, Edmonton AB, High Level AB, Fort Nelson BC, Fort St John BC, Portage La Prairie MB and Moose Jaw SK.
In Development Canada
• 11 hotel waterpark projects are in the planning stages, including four major projects in Niagara Falls ON.
• Great Wolf Lodge will likely be first to break ground in 2004.
Mexican Competitive Supply
• We have identified 11 properties in Mexico that have a combination of hotel rooms, indoor waterparks and outdoor waterparks.
• We are in the process of surveying owners to build a profile.
Rest of the World Supply
Name Location Rooms IWP SF
Jumeirah Beach Dubai UAE 619
Hotel El Paso Port Aventura Spain 500
Hotel Aventura Port Aventura Spain 500
Esperos Palace Faliraki Rhodes Greece 416
Dedeman Hotel Istanbul Turkey 346
Alton Towers Staffordshire UK 216 40,000
Amipura Resort Gujaret India 81
Ocean Dome Miyazaki City Japan 0 322,752
Bergische Sonne Wuppertal Ruhr Germany 430,560
Monte Mare Rheinback Germany 269,100
Alphamare Pfaeffikon Switzerland 25,000
De Koploper Lelystad Netherlands 8,850
Basingstoke IWP Basingstoke UK 1,100
In Development Rest of World
Waterpark Wodny IWP Lodz Poland
Waterpark Wodny IWP Warschau Poland
Suzanne Mela’s IWP Berlin-Postdam Germany
Ogmio Astra IWP Vilnius Lithuania
Hotel Waterpark ResortResearch & Consulting
Jeff Coy
507-289-7404
www.jeffcoy.com
JLC Hospitality Consulting
3320 Mayowood Road
Rochester MN 55902
Bill Haralson
972-231-7444
William L. Haralson & Associates
2405 Mesa Drive
Richardson TX 75080