hotel waterpark resort industry report 2004 usa lodging continues upward trend usa hotel waterpark...
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Hotel Waterpark Resort Industry Report 2004
• USA Lodging Continues Upward Trend• USA Hotel Waterpark Resort Supply• USA 14 New Hotel Waterpark Resorts Open• USA Top 20 Largest Hotel Waterpark Resorts• USA Top 10 Largest Meeting Facilities with IWPs• USA 32 Under Construction & 80 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
2004 2003 2002
Occupancy 62.7% 60.8% 61.2%
ADR $86.55 $83.60 $84.01
RevPAR $54.25 $50.87 $51.45
USA Lodging Outlook
• Hotel room revenues, supply & demand all showing positive growth over last year.
• RevPAR up 7.3% over 2003.
• Summer 2004 better than Summer 2003 despite colder than normal temperatures.
• Industry near pre-9/11 levels of Year 2000.
• Resorts did better than last year and better than other types of lodging.
Hotel Performance Ytd Aug
2004
OCC
2003
OCC
%
Chg
2004
ADR
2003
ADR
%
Chg
USA 62.7 60.7 3.3 86.55 83.47 3.7
Florida 70.1 65.0 7.8 95.72 92.25 3.8
Arizona 64.6 61.2 5.6 86.50 83.93 3.1
California 68.2 65.0 4.9 96.67 94.39 2.4
Nevada 72.8 70.3 3.6 105.20 96.76 8.7
Hawaii 79.6 73.3 8.6 153.72 147.11 4.5
Wisconsin 55.8 55.1 1.3 69.93 69.01 1.3
Minnesota 60.4 57.9 4.3 74.86 73.35 2.1
Smith Travel Research
Hotel Performance Ytd Aug
2004
OCC
2003
OCC
%
Chg
2004
ADR
2003
ADR
%
Chg
USA 62.7 60.7 3.3 86.55 83.47 3.7
Anaheim 71.9 68.4 5.1 96.19 92.57 3.9
Boston 63.9 60.4 5.8 121.18 113.98 6.3
Chicago 61.8 60.7 1.8 99.29 100.79 -1.5
New York 79.4 72.0 10.3 170.95 155.87 9.7
Oahu 80.6 72.4 11.3 122.71 115.26 6.5
Orlando 72.6 65.5 10.8 88.65 85.04 4.2
Phoenix 65.3 60.9 7.2 98.65 95.85 2.9
Wisconsin Dells Hotel Performance
Hotels Occ
RmNts
ADR Room
Rev
Mix
With IWPs
18 834,590 $120.24 $100.3m 81%
WO IWPs
44 377,871 $61.20 $23.1m 19%
Total 62 1,212,461 $101.84 $123.4m 100%
Wisconsin DellsHaves vs Have-Nots
Hotels 2001
Rev Mix
2002
Rev Mix
2003
Rev Mix
With IWPs
18 75% 77% 81%
WO IWPs
44 25% 23% 19%
Total 62 100% 100% 100%
USA Competitive Supply
• These 76 hotels indoor waterparks are located in the following states:
2004 2003 2002
32 28 25 Wisconsin
15 14 10 Minnesota
5 3 2 Michigan
3 3 3 South Dakota
3 2 2 North Dakota
2 2 1 Montana
2 1 1 Ohio
2 1 1 Iowa
76 61 48 Totals
Hotel Waterpark ResortGrowth Trends
2004 2003 2002
Hotels IWP 76 61 48
Rooms 12,470 10,132 8,193
IWP Sq Ft 1,645,069 1,313,769 989,904
Mtg Rooms 373 352 322
Mtg Sq Ft 780,585 679,435 626,955
Branded 34 26 20
Independ 42 35 28
Top 10 Largest Hotel Waterpark Resorts in the USA
Name Location Rooms Indoor WP
Wilderness Hotel Wisc Dells WI 593 161,000
Kalahari Resort Wisc Dells WI 738 125,000
Scott’s Splash Lagoon Erie PA 270 102,000
Treasure Island Wisc Dells WI 302 65,000
H2Oasis Anchorage AK 0 56,000
Castaway Bay Sandusky OH 237 51,000
Lodge at Cedar Creek Wausau WI 140 50,000
Grand Rios Brooklyn Park MN 224 46,000
Great Wolf Lodge Wisc Dells WI 309 44,000
Blue Harbor Resort Sheboygan WI 183 40,000
Top 10 -20 Largest Hotel Waterpark Resorts in the USA
Name Location Rooms Indoor WP
7 Clans Casino Hotel Thief River Falls MN 151 40,000
Great Wolf Lodge Traverse City MI 281 38,000
Great Wolf Lodge Kansas City KS 281 38,000
Polynesian Resort Wisc Dells WI 230 38,000
Great Bear Lodge Sandusky OH 271 33,000
BW Sterling Inn & CC Sterling Hts MI 250 31,769
Bavarian Inn Lodge Frankenmuth MI 357 30,000
Holiday Inn Select North Indianapolis IN 344 30,000
Chula Vista Resort Wisc Dells WI 300 30,000
Timber Ridge Lodge Lake Geneva WI 225 30,000
USA Competitive Supply
• 56 other hotels with indoor waterparks are located: In WI-Green Bay, Madison, Minocqua, Lac du Flambeau, Tomah, Prairie du Chien and Ashland; In MN-Moorhead, Thief River Falls, Rochester, Minneapolis, Owatonna, St Cloud, Baxter, Detroit Lakes, Orr, Shoreview, Nisswa; In MI-Grand Rapids, Mackinaw City; In ND-Minot, Bismarck; In SD-Aberdeen, Watertown, Sioux Falls; In MT-Anaconda, Missoula; In other areas- Spokane WA, Casper WY, Amana IA, Norfolk NE, Hutchinson KS, Sheperdsville KY, Utica IL, and Colorado Springs CO.
Profile of Hotel Waterparksby Number of Rooms
Avg#
Rooms
Indoor
WP
Avg#
Slides
Avg#
Pools
Avg#
Spas
Mtg
Space
Avg#
Mtg Rms
Top 5 470 73,200 4.3 2.5 2.5 32,160 27.7
Top
6-15
275 45,277 7.0 3.0 1.8 12,047 7.5
Top
16-25
213 22,350 2.6 2.3 1.7 33,010 9.8
Top
26-50
143 14,849 2.2 2.0 1.2 8,580 5.8
Top
51-75
73 7,218 2.4 2.2 1.2 1,209 1.0
Ratio of Rooms to Waterpark
Hotels with
Indoor WP
Avg #
Rooms
Indoor WP
Avg SF
Indoor WP
SF Per Room
Over 50,000 sf 325 87,143 268
40-49,999 sf 217 42,500 208
30-39,999 sf 282 33,197 121
20-29,999 sf 194 21,111 123
10-19,999 sf 112 12,046 108
5-9,999 sf 114 6,507 65
Under 5,000 sf 89 2,686 37
Top 10 Hotel Meeting Facilities with indoor waterparks in the USA
Name Location Rooms Meeting Space
Indoor
Waterpark
Kalahari Resort Wisc Dells WI 738 125,000 125,000
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
Chula Vista Resort Wisc Dells WI 300 40,000 30,000
Hilton City Center Milwaukee WI 730 30,000 20,000
Grand Prairie Hotel Hutchinson KS 218 30,000 20,000
Arrowood Resort CC Alexandria MN 200 28,000 21,000
Ramada Plaza Fargo ND 185 25,000 30,000
Blue Harbor Resort Sheboygan WI 183 20,000 40,000
Profile of Hotel Waterparksby Size of Meeting Facilities
Avg#
Rooms
Indoor
WP
Avg#
Slides
Avg#
Pools
Avg#
Spas
Mtg
Space
Avg#
Mtg Rms
Top 5 336 42,600 4.0 2.2 1.6 79,000 36.8
Top
6-10
207 22,200 4.5 2.8 1.3 26,600 15.0
Top
11-15
213 18,354 1.0 2.4 2.5 15,781 10.5
Under Construction USAHotel Waterpark Resort Projects
2005F 2004F 2003 2002 2001 2000
Start of Year 79 61 48 39 31 18
Openings 13 18 13 9 8 13
End of Year 92 79 61 48 39 31
% Change 16.5% 29.5% 27.1% 23.1% 25.8%
Under Construction 32 9 10 9 8
In Development 80 46 19
Under Construction USAHotel Waterpark Resort Rooms
2005F 2004F 2003 2002 2001 2000
Start of Year 12,266 10,132 8,193 7,135 5,431 3,545
Openings 4,117 2,134 1,939 1,058 1,704 1,886
End of Year 16,383 12,266 10,132 8,193 7,135 5,431
% Change 33.6% 21.1% 23.7% 14.8% 31.4%
Under Construction 4,432 1,144 1,366 1,058 1,704
In Development 15,864 13,268 4,630
Recent Openings/ExpansionsName ST Rooms IWP
Feb BW Sterling Inn Addition MI 0 9,000
Mar Wilderness Resort Addition WI 0 47,051
Apr Sleep Inn Suites Minot ND 126 24,000
May Holiday Inn Amana Conversion IA 0 11,000
Jun Great Wolf Lodge OWP Exp WI
Jun Lodge at Cedar Creek Wausau WI 140 50,000
Jun Kalahari Kondos & Mtg Space WI 120* 80,000
Jun Blue Harbor Resort Sheboygan WI 183 40,000
Jul AmericInn Ashland WI 65 2,500
Aug Holiday Inn Express Grand Rapids MI 80 10,000
Aug Ramada Spokane Airport Addition WA 0 5,300
Recent Openings/Expansions
Name ST Rooms IWP
Sep Baymont Inn Sheperdsville Add KY 80 14,000
Sep Grand Rios Resort MN 224 46,000
Coming Soon
Nov Holiday Inn Select Indianapolis Add IN 344 30,000
Nov Grand Bear at Starved Rock IL 191 20,000
Nov Castaway Bay Sandusky Addition OH 237 38,000
Dec Grand Mackinaw Inn Addition MI 65 5,000
Dec Scott’s Splash Lagoon Erie Add PA 0 25,000
In Development USA
• 80 hotel waterpark projects are in the planning stages compared to 46 last year and 28 the year prior.
• Wisconsin, Minnesota, Illinois & Michigan are leading the way in planned projects.
• 19,284 rooms and 3.4 million sf of IWPs are in the pipeline in 27 states.
Bill & Jeff Go to Canada
Canadian Competitive Supply
• We have identified 108 hotel indoor waterparks, typically smaller properties averaging 3200 sf of indoor waterpark.
2004 2003 2002
41 38 35 Alberta
22 20 19 Saskatchewan
15 13 11 British Columbia
11 9 6 Manitoba
9 9 7 Ontario
6 6 2 Quebec
2 2 1 Prince Edw Isl
2 2 1 Nova Scotia
108 99 82 Totals
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 217,000 sf World Waterpark.
• Ameri-Cana Resort Niagara Falls ON with 160 rooms and 19,100 sf indoor waterpark.
• Travelodge World Hotel in Ottawa with 177 rooms and 13,000 sf indoor waterpark.
• Ramada Lethbridge AB with 119 rooms and 13,000 sf indoor waterpark.
• BW Jurassic Inn in Drumheller AB with 49 rooms and 6,200 sf indoor waterpark.
• 10 other have 4,000 to 6,000 sf IWPs.
Recent Openings In Canada
• Travelodge World Hotel in Ottawa added a 13,000 sf indoor waterpark.
• BW Jurassic Inn in Drumheller AB.
• Others include: Edmonton AB, High Level AB, Fort Nelson BC, Fort St John BC, Portage La Prairie MB and Moose Jaw SK.
Under Construction in Canada
• Great Wolf Lodge expected to break ground in 2004 on 404 rooms, 90,000 sf indoor waterpark and 115,000 sf Ripley’s Aquarium.
• Canad Inn expected break ground soon in Portage La Prairie MB.
In Development Canada
• 9 hotel waterpark projects are in the planning stages:– 3 in Alberta– 2 in Ontario– 1 in British Columbia– 1 in New Brunswick– 1 in Nova Scotia– 1 in Saskatchewan
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
Kerzner’s Atlantis Dubai UAE 1000
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
Yong in Farmland Seoul South Korea 200 38,000
Amipura Resort Gujaret India 81
In Development Rest of World
Centre Parks Paris Northeast France
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
www.wlha-inc.com
William L. Haralson & Associates
2405 Mesa Drive
Richardson TX 75080
Break