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Trends in the hotel industry: United States cities--first quarter results 2003.

TRENDS IN THE HOTEL INDUSTRY
United States Cities--First Quarter Results for 2003

                                      Occupancy

                               2003    2002   Variance

NEW ENGLAND AND MIDDLE
ATLANTIC CITIES
  Albany, NY                  57.3%   57.7%     -0.8%
  Boston, MA                  50.1%   52.9%     -5.4%
  Hartford, CT                53.8%   54.7%     -1.6%
  Long Island, NY             59.9%   61.7%     -3.0%
  New York, NY                67.5%   70.3%     -4.0%
  Northern New Jersey, NJ     54.9%   57.7%     -4.7%
  Philadelphia, PA            58.2%   58.7%     -0.9%
  Pittsburgh, PA              49.9%   50.2%     -0.7%
    Subtotal                  57.2%   59.1%     -3.3%

NORTH CENTRAL CITIES
  Chicago, IL                 51.5%   49.6%      3.9%
  Cincinnati, OH              48.2%   45.2%      6.7%
  Cleveland, OH               46.1%   46.4%     -0.5%
  Columbus, OH                57.0%   55.8%      2.1%
  Dayton, OH                  46.4%   46.6%     -0.5%
  Detroit, MI                 53.0%   54.7%     -3.1%
  Indianapolis, IN            51.7%   51.8%     -0.2%
  Kansas City, MO             49.9%   57.1%    -12.6%
  Minneapolis, MN             53.7%   51.9%      3.3%
  Omaha, NE                   50.0%   49.3%      1.3%
  St. Louis, MO               49.2%   52.5%     -6.3%
    Subtotal                  51.1%   51.3%     -0.5%

SOUTH ATLANTIC CITIES
  Atlanta, GA                 56.9%   59.8%     -4.8%
  Baltimore, MD               59.6%   58.4%      2.0%
  Charlotte, NC               48.5%   48.8%     -0.6%
  Columbia, SC                58.8%   60.5%     -2.9%
  Fort Lauderdale, FL         74.9%   72.2%      3.7%
  Miami, FL                   73.9%   72.1%      2.5%
  Orlando, FL                 62.8%   66.2%     -5.2%
  Raleigh, NC                 57.6%   57.5%      0.1%
  Richmond, VA                51.2%   51.5%     -0.7%
  Tampa FL                    71.2%   70.9%      0.4%
  Washington, DC              60.2%   59.6%      0.9%
  West Palm Beach, FL         76.4%   76.0%      0.6%
    Subtotal                  61.6%   62.4%     -1.3%

SOUTH CENTRAL CITIES
  Austin, TX                  59.5%   57.8%      2.9%
  Dallas, TX                  53.0%   56.2%     -5.6%
  Fort Worth, TX              53.7%   53.5%      0.3%
  Houston, TX                 58.1%   63.7%     -8.7%
  Memphis, TN                 51.7%   50.9%      1.6%
  Nashville, TN               56.4%   52.3%      8.0%
  New Orleans, LA             69.2%   71.5%     -3.2%
  San Antonio, TX             60.1%   64.9%     -7.3%
    Subtotal                  57.2%   59.1%     -3.2%

MOUNTAIN AND PACIFIC CITIES
  Albuquerque, NM             54.3%   55.5%     -2.0%
  Denver, CO                  53.6%   54.4%     -1.5%
  Honolulu, HI                74.5%   71.2%      4.6%
  Los Angeles, CA             66.4%   65.2%      1.9%
  Oakland, CA                 52.6%   56.5%     -6.9%
  Orange County, CA           61.5%   61.1%      0.7%
  Phoenix, AZ                 72.6%   69.8%      4.1%
  Portland, OR                47.8%   50.6%     -5.5%
  San Diego, CA               69.7%   68.4%      1.9%
  San Francisco, CA           55.0%   55.7%     -1.3%
  Seattle, WA                 53.0%   52.3%      1.3%
  Tucson, AZ                  72.3%   72.0%      0.4%
    Subtotal                  62.3%   61.8%      0.8%

TOTAL CITIES                  58.5%   59.1%     -1.1%

                                            ADR

                                2003       2002     Variance

NEW ENGLAND AND MIDDLE
ATLANTIC CITIES
  Albany, NY                  $  82.33   $  79.83      3.1%
  Boston, MA                  $ 111.23   $ 117.18     -5.1%
  Hartford, CT                $  82.89   $  83.40     -0.6%
  Long Island, NY             $ 123.39   $ 129.57     -4.8%
  New York, NY                $ 176.67   $ 182.26     -3.1%
  Northern New Jersey, NJ     $ 112.52   $ 121.56     -7.4%
  Philadelphia, PA            $  93.24   $  97.09     -4.0%
  Pittsburgh, PA              $  73.61   $  74.32     -1.0%
    Subtotal                  $ 120.74   $ 125.97     -4.2%

NORTH CENTRAL CITIES
  Chicago, IL                 $  98.28   $  96.98      1.3%
  Cincinnati, OH              $  85.45   $  83.81      2.0%
  Cleveland, OH               $  71.88   $  73.44     -2.1%
  Columbus, OH                $  89.68   $  90.46     -0.9%
  Dayton, OH                  $  60.42   $  59.05      2.3%
  Detroit, MI                 $  81.73   $  82.25     -0.6%
  Indianapolis, IN            $  76.15   $  75.65      0.7%
  Kansas City, MO             $  71.46   $  72.69     -1.7%
  Minneapolis, MN             $  77.47   $  78.74     -1.6%
  Omaha, NE                   $  68.37   $  67.31      1.6%
  St. Louis, MO               $  70.68   $  67.70      4.4%
    Subtotal                  $  82.47   $  81.69      1.0%

SOUTH ATLANTIC CITIES
  Atlanta, GA                 $  79.37   $  82.46     -3.7%
  Baltimore, MD               $  93.89   $  92.18      1.9%
  Charlotte, NC               $  62.45   $  63.12     -1.1%
  Columbia, SC                $  72.87   $  72.12      1.0%
  Fort Lauderdale, FL         $ 110.10   $ 110.31     -0.2%
  Miami, FL                   $ 129.39   $ 128.27      0.9%
  Orlando, FL                 $  85.88   $  85.84      0.0%
  Raleigh, NC                 $  66.67   $  67.73     -1.6%
  Richmond, VA                $  64.01   $  64.90     -1.4%
  Tampa FL                    $  89.89   $  90.38     -0.5%
  Washington, DC              $ 112.16   $ 109.50      2.4%
  West Palm Beach, FL         $ 148.34   $ 149.26     -0.6%
    Subtotal                  $  93.86   $  93.52      0.4%

SOUTH CENTRAL CITIES
  Austin, TX                  $  79.91   $  78.98      1.2%
  Dallas, TX                  $  80.42   $  84.03     -4.3%
  Fort Worth, TX              $  71.29   $  69.30      2.9%
  Houston, TX                 $  75.93   $  78.03     -2.7%
  Memphis, TN                 $  66.90   $  65.32      2.4%
  Nashville, TN               $  79.08   $  75.76      4.4%
  New Orleans, LA             $ 141.34   $ 157.97    -10.5%
  San Antonio, TX             $  90.11   $  93.35     -3.5%
    Subtotal                  $  85.09   $  88.13     -3.5%

MOUNTAIN AND PACIFIC CITIES
  Albuquerque, NM             $  61.91   $  60.20      2.8%
  Denver, CO                  $  74.44   $  73.17      1.7%
  Honolulu, HI                $ 131.27   $ 126.94      3.4%
  Los Angeles, CA             $  97.01   $  99.53     -2.5%
  Oakland, CA                 $ 101.75   $ 110.85     -8.2%
  Orange County, CA           $  95.87   $  96.70     -0.9%
  Phoenix, AZ                 $ 111.93   $ 112.19     -0.2%
  Portland, OR                $  72.58   $  73.35     -1.0%
  San Diego, CA               $ 118.86   $ 110.97      7.1%
  San Francisco, CA           $ 125.75   $ 130.96     -4.0%
  Seattle, WA                 $  91.04   $  91.84     -0.9%
  Tucson, AZ                  $ 115.52   $ 120.72     -4.3%
    Subtotal                  $ 103.13   $ 103.10      0.0%

TOTAL CITIES                  $  96.15   $  96.96     -0.8%

                                           REVPAR

                                2003       2002     Variance

NEW ENGLAND AND MIDDLE
ATLANTIC CITIES
  Albany, NY                  $  47.15   $  46.09      2.3%
  Boston, MA                  $  55.72   $  62.03    -10.2%
  Hartford, CT                $  44.63   $  45.63     -2.2%
  Long Island, NY             $  73.93   $  80.01     -7.6%
  New York, NY                $ 119.27   $ 128.15     -6.9%
  Northern New Jersey, NJ     $  61.82   $  70.10    -11.8%
  Philadelphia, PA            $  54.24   $  56.98     -4.8%
  Pittsburgh, PA              $  36.71   $  37.32     -1.6%
    Subtotal                  $  69.07   $  74.51     -7.3%

NORTH CENTRAL CITIES
  Chicago, IL                 $  50.66   $  48.13      5.3%
  Cincinnati, OH              $  41.21   $  37.86      8.8%
  Cleveland, OH               $  33.17   $  34.05     -2.6%
  Columbus, OH                $  51.15   $  50.51      1.2%
  Dayton, OH                  $  28.05   $  27.54      1.8%
  Detroit, MI                 $  43.31   $  44.99     -3.7%
  Indianapolis, IN            $  39.35   $  39.18      0.4%
  Kansas City, MO             $  35.62   $  41.48    -14.1%
  Minneapolis, MN             $  41.57   $  40.89      1.7%
  Omaha, NE                   $  34.16   $  33.20      2.9%
  St. Louis, MO               $  34.78   $  35.57     -2.2%
    Subtotal                  $  42.11   $  41.91      0.5%

SOUTH ATLANTIC CITIES
  Atlanta, GA                 $  45.19   $  49.34     -8.4%
  Baltimore, MD               $  55.95   $  53.86      3.9%
  Charlotte, NC               $  30.30   $  30.80     -1.6%
  Columbia, SC                $  42.84   $  43.64     -1.8%
  Fort Lauderdale, FL         $  82.49   $  79.69      3.5%
  Miami, FL                   $  95.57   $  92.47      3.4%
  Orlando, FL                 $  53.91   $  56.83     -5.1%
  Raleigh, NC                 $  38.38   $  38.94     -1.4%
  Richmond, VA                $  32.75   $  33.42     -2.0%
  Tampa FL                    $  64.01   $  64.11     -0.1%
  Washington, DC              $  67.47   $  65.26      3.4%
  West Palm Beach, FL         $ 113.30   $ 113.37     -0.1%
    Subtotal                  $  57.83   $  58.35     -0.9%

SOUTH CENTRAL CITIES
  Austin, TX                  $  47.58   $  45.68      4.2%
  Dallas, TX                  $  42.63   $  47.19     -9.7%
  Fort Worth, TX              $  38.30   $  37.10      3.2%
  Houston, TX                 $  44.13   $  49.67    -11.1%
  Memphis, TN                 $  34.62   $  33.26      4.1%
  Nashville, TN               $  44.62   $  39.59     12.7%
  New Orleans, LA             $  97.75   $ 112.91    -13.4%
  San Antonio, TX             $  54.20   $  60.56    -10.5%
    Subtotal                  $  48.67   $  52.06     -6.5%

MOUNTAIN AND PACIFIC CITIES
  Albuquerque, NM             $  33.63   $  33.38      0.7%
  Denver, CO                  $  39.92   $  39.82      0.2%
  Honolulu, HI                $  97.77   $  90.37      8.2%
  Los Angeles, CA             $  64.46   $  64.87     -0.6%
  Oakland, CA                 $  53.48   $  62.58    -14.5%
  Orange County, CA           $  58.96   $  59.09     -0.2%
  Phoenix, AZ                 $  81.27   $  78.26      3.8%
  Portland, OR                $  34.68   $  37.11     -6.5%
  San Diego, CA               $  82.89   $  75.95      9.1%
  San Francisco, CA           $  69.16   $  72.97     -5.2%
  Seattle, WA                 $  48.23   $  48.02      0.4%
  Tucson, AZ                  $  83.49   $  86.94     -4.0%
    Subtotal                  $  64.27   $  63.72      0.9%

TOTAL CITIES                  $  56.21   $  57.35     -2.0%

Sources: Smith Travel Research, Torto Wheaton Research, The Hospitality
Research Group of PKF Consulting
COPYRIGHT 2003 Pannell Kerr Forster
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003 Gale, Cengage Learning. All rights reserved.

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Publication:Quarterly Trends in the Hotel Industry (USA)
Article Type:Illustration
Geographic Code:1USA
Date:Jun 1, 2003
Words:1496
Previous Article:Quality of hotel real estate sold continues to erode.
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