Transcript HAV Mtg Aug 31 - Tickets Tonight

TAP - Trends Analysis and Projections
HAV Meeting May 2013
Agenda
• On The Books Hotel data
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Meyers Norris Penny (MNP) Updated Reports
Citywide data
TAP Report snapshot
Optimal Business Mix
TAP Report Full
Hotel Data - Business on the Books:
Effects of Citywide Conventions on Occupancy
2008: 100 out of 365 Days
Occupancy
Hotels 300 rooms or more
10%
Hotels 300 rooms or less
6%
2009: 65 out of 365 Days
Hotels 300 rooms or more
Occupancy
9%
Hotels 300 rooms or less
5%
2010: 105 out of 365 Days
Hotels 300 rooms or more
Hotels 300 rooms or less
*Source: Vancouver Hotel Business on the Books - MNP
Occupancy
12%
5%
Hotel Data - Business on the Books:
Effects of Citywide Conventions on Occupancy
2011: 117 out of 365 Days
Hotels 300 rooms or more
Hotels 300 rooms or less
Occupancy
16%
3%
2012: 97 out of 365 Days
Hotels 300 rooms or more
Hotels 300 rooms or less
Occupancy
12%
6%
AVERAGE 2008 - 2012
Hotels 300 rooms or more
Hotels 300 rooms or less
*Source: Vancouver Hotel Business on the Books - MNP
Occupancy
12%
5%
Hotel Data - Business on the Books:
Historical Occupancy
Average Daily Occupancy: 2006 - 2012
% by Actual Date
% by Actual Day of the week, Week of the Month
*Source: Vancouver Hotel Business on the Books - MNP
Hotel Data - Business on the Books:
Attendance Change for Conventions held in Vancouver
Average Increase from Year Prior: 2004 - 2012
17.5% - in Canada
4.4% - in US
17.3% - International
10.6% - Average Increase
*Source: Vancouver Hotel Business on the Books - MNP
2013 Daily Forecast Analysis
2014 Daily Forecast Analysis
2013 City Wide Room Nights
50,000
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
Verbal Definite Room Nights
Definite Room Nights
2014 City Wide Room Nights
50,000
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
Verbal Definite Room Nights
Definite Room Nights
2015 City Wide Room Nights
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
Verbal Definite Room Nights
Definite Room Nights
OPTIMAL BUSINESS MIX
WHAT SHOULD BE OUR OPTIMAL BUSINESS MIX?
2020
TRANSIENT /
INDEPENDENT
• Comp set, hotel data
from STR by segments
• Coalition defines
shared goals for 2020
Competitive Set
Canada
U.S.
• Metro and Downtown
• Metro and Downtown
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Calgary
Montreal
Ottawa
Toronto
Vancouver
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Denver
Los Angeles
Portland
San Diego
San Francisco
Seattle
Destination Performance
2007-2012
2007-2012
Average Annual
Occupancy
Group
Transient
Contract
Overall
Rate
Group
Transient
Contract
Overall
RevPar
Overall
Vancouver
CANADA (Downtown)
Calgary
Montreal
Ottawa
Toronto
Denver
LA
US (Downtown)
Portland
San Diego
San Fran
Seattle
25%
45%
2%
72%
20%
47%
4%
70%
19%
44%
2%
65%
23%
44%
5%
72%
23%
46%
3%
72%
31%
34%
2%
67%
24%
39%
6%
68%
21%
50%
2%
73%
32%
38%
3%
73%
25%
49%
4%
77%
22%
48%
3%
73%
$173
$166
$92
$166
$173
$208
$114
$193
$158
$145
$82
$147
$144
$144
$75
$141
$171
$161
$95
$161
$147
$145
$64
$145
$122
$121
$58
$116
$119
$129
$57
$124
$183
$164
$78
$168
$186
$171
$103
$172
$159
$153
$77
$152
$119
$136
$95
$101
$115
$97
$79
$90
$123
$133
$110
Optimal Mix (Draft)
2020 Targets
2007-2012 Avg Annual
Downtown
Metro
2020 Target
Downtown
Metro
Occupancy
Overall
72%
67%
77%
72%
Occupancy by Quarter
Q1
Q2
Q3
Q4
62%
79%
86%
61%
60%
72%
80%
58%
68%
83%
88%
67%
65%
77%
83%
64%
Occupancy by Segment
Group
25%
Transient
45%
Contract
2%
22%
43%
2%
27%
48%
2%
24%
46%
2%
ADR (2013 dollars)
Overall
Group
Transient
Contract
$166
$173
$166
$92
$138
$145
$138
$78
$172
$180
$170
$92
$143
$152
$142
$78
RevPar (2013 dollars)
Overall
$119
$93
$132
$104