str monthly topline august 2011 kevin hanstad september 27, 2011
TRANSCRIPT
STR Monthly ToplineAugust 2011
Kevin HanstadSeptember 27, 2011
August 2011 Summary
Minneapolis occupancy in August was 83% - equal to the all-time historic high for the month of August.
ADR at $140 exceeded the historic five-year average for the month of August and surpassed the year-ago rate by $15.00.
As a result, RevPAR reached an all-time historic high of $116 for the month of August.
2
Occupancy (%)
January
February
March AprilMay
JuneJuly
August
September
October
November
December
0
10
20
30
40
50
60
70
80
90
100
49
5457
6771
75
8076
7478
61
4850
55
64
71 72
86
8083
52
5863
69 70
7577 75 76 77
61
48
57
67
75 76 76
8684 83
82 83
70
54
2010 2011 5-Year Average 2006-2010 Historic Monthly High*
3
* Since 1999
August Occupancy
Chicago 82%
Dallas 55%
Denver 81%
Indianapolis 74%
Kansas City 60%
Milwaukee 78%
Minneapolis 83%
New Orleans 57%
St. Louis 64%
ADR ($)
January
February
March AprilMay
JuneJuly
August
September
October
November
December
0
20
40
60
80
100
120
140
160
180
200
112 112 115
124 127 130 126 125131
137
124
113115 117 121127
130
144135
140
120 121 124130 134
138 135 136142 142
127
117
131 129136
141145
149143
160
177
150
135
125
2010 2011 5-Year Average 2006-2010 Historic Monthly High*
4
August ADR
Chicago $166
Dallas $108
Denver $161
Indianapolis $129
Kansas City $101
Milwaukee $112
Minneapolis $140
New Orleans $102
St. Louis $117
* Since 1999
RevPAR ($)
January
February
March AprilMay
JuneJuly
August
September
October
November
December
0
20
40
60
80
100
120
140
160
5460
66
8390
98101
95 96
107
75
5557
65
78
9094
124
108
116
62
7178
9094
104 103 102108 109
77
56
72
8489
107 107
124117 116
141
122
88
66
2010 2011 5-Year Average 2006-2010 Historic Monthly High*
5
* Since 1999
August RevPAR
Chicago $136
Dallas $59
Denver $130
Indianapolis $95
Kansas City $61
Milwaukee $87
Minneapolis $116
New Orleans $58
St. Louis $74
August Year-To-Date Percent Change Versus Year Ago
6
-10
-5
0
5
10
15
20
14.3
-1.8
12.2
6.2 6.4
13.0
4.53.5
8.1
20102011US 2011
OccupancyADR
RevPAR
Competitive Set August 2011 YTD Occupancy % Chg vs. Yago
7
Milwaukee
New Orleans
Kansas City
Chicago
Indianapolis
Denver
Minneapolis
Dallas
-1 0 1 2 3 4 5 6 7
-0.5
0.6
1.3
1.8
3.1
3.8
4.1
6.2
6.3
St. Louis
Competitive Set August 2011 YTD ADR % Chg vs. Yago
8
Indianapolis
Kansas City
St. Louis
Milwaukee
Denver
Chicago
Minneapolis
New Orleans
Dallas
0 1 2 3 4 5 6 7 8
1.1
1.5
3.1
4.8
5.3
5.9
6.4
6.8
7.5
Competitive Set August 2011 YTD RevPAR % Chg vs. Yago
9
St. Louis
Kansas City
Indianapolis
Milwaukee
New Orleans
Chicago
Denver
Minneapolis
Dallas
0 2 4 6 8 10 12 14 16
2.7
3.3
5.0
5.4
8.2
9.3
9.6
13.0
14.2