Transcript Hotel Waterpark Resort Industry Outlook

Hotel Waterpark Resorts
Industry Outlook & Trends
2008
Jeff Coy
Bill Haralson
Hotel Waterpark Resort
Industry Report 2008
• USA Hotel Industry Performance
• USA Resort Performance
• Growth of Hotel Waterpark Resorts
• What’s open, under construction, in
development
• Profiles of Hotel Waterpark Resorts
• By rooms, size of waterpark and meeting space
USA Lodging Outlook
2007
Occ
63.2%
2006
2005
2004
2003
63.3% 63.1% 62.7% 60.8%
ADR
$103.64 $97.89 $90.95 $86.55 $83.60
Rev
PAR
$65.50
$61.96 $57.39 $54.25 $50.87
USA Lodging Outlook
• Hotel occupancy declines -0.2%.
• Room rates, revenues, supply & demand
all showing positive growth over last year.
• Room Revenue up 7.2% over last year.
• Summer 2007 better than Summer 2006.
• Resorts and urban hotels had highest
average room rates compared to other
types of lodging.
Hotel Performance
2007
OCC
2006
OCC
%
Chg
2007
ADR
2006
ADR
%
Chg
USA
63.2
63.3
-0.2
103.64
97.89
5.9
Florida
64.1
65.8
-2.7
117.35
111.01
5.7
Arizona
66.3
66.9
-1.0
105.17
98.75
6.5
California
69.3
69.5
-0.3
118.94
111.64
6.5
Nevada
71.2
70.8
0.5
109.12
104.55
4.4
Hawaii
75.3
79.5
-5.3
199.87
187.19
6.8
Wisconsin
54.8
54.7
0.2
79.54
76.82
3.5
Minnesota
61.8
60.4
2.3
88.05
84.23
4.5
Hotel Performance
2007
OCC
2006
OCC
%
Chg
2007
ADR
2006
ADR
%
Chg
USA
63.2
63.3
-0.2
103.64
97.89
5.9
Anaheim
72.4
72.6
-0.4
121.39
112.83
7.6
Boston
68.5
67.1
1.9
151.59
141.49
7.1
Chicago
67.6
67.5
0.3
129.36
122.94
5.2
New York
83.7
82.5
1.5
269.84
241.40
11.8
Oahu
76.9
82.5
-6.8
168.67
157.02
7.4
Orlando
67.9
67.7
0.3
105.82
101.65
4.1
Phoenix
66.9
68.2
-1.9
120.54
113.28
6.4
Smith Travel Research
USA Competitive Supply
These 169
hotels with
indoor
waterparks
are located
in the
following
states:
2007 2006 2005 2004 2003
2002
55
47
35
32
28
25
Wisconsin
22
21
20
15
14
10
Minnesota
9
8
7
5
3
2
Michigan
12
8
4
2
1
1
Ohio
8
7
4
4
3
3
South Dakota
5
3
0
0
0
0
Texas
7
4
3
2
1
1
Iowa
5
4
2
1
0
0
Washington
6
5
4
3
2
2
North Dakota
3
3
3
2
2
0
Pennsylvania
169
136
104
76
61
48
Totals
Hotel Waterpark Resort
Growth Trends
2007
2006
2005
2004
2003
Hotels
IWP
169
136
104
81
65
Rooms
28,888
23,899
18,998
13,877
11,464
IWP SF
Mtg Rms
4,132,469 3,225,669 2,344,469 1,721,269 1,385,969
511
479
Mtg Sq Ft 1,627,414 1,326,435
422
373
352
978,935
806,085
679,435
Branded
81
66
52
37
27
Independ
88
70
52
44
38
Top 10 Largest Hotel Waterpark
Resorts in the USA
Name
Location
Rooms
Indoor WP
Wilderness Hotel
Wisconsin Dells WI
817
229,000
Kalahari Resort
Sandusky OH
884
173,000
Kalahari Resort
Wisconsin Dells WI
738
125,000
Chula Vista Resort
Wisconsin Dells WI
616
110,000
Scott’s Splash Lagoon
Erie PA
270
102,000
Great Wolf Lodge
Wisconsin Dells WI
437
82,000
Great Wolf Lodge
Grapevine TX
404
80,000
Great Wolf Lodge
Pocono Mtns PA
401
78,000
Great Wolf Kings Island
Cincinnati OH
403
78,000
Waterpark of America
Bloomington MN
403
70,000
Top 10 -20 Largest Hotel
Waterpark Resorts in the USA
Name
Location
Rooms
Indoor WP
Schlitterbahn
Galveston TX
0*
70,000
Great Wolf Lodge
Williamsburg VA
401
67,000
Sheraton Coco Key
Arlington Hts IL
426
65,000
Sheraton Coco Key
Danvers MA
367
65,000
Mt Olympus Treasure Is
Wisconsin Dells WI
302
65,000
Holiday Inn Coco Key
Omaha NE
383
60,000
Fort Rapids Holiday Inn
Columbus OH
338
60,000
Clock Tower Coco Key
Rockford IL
252
60,000
Double JJ Ranch & IWP
Rothbury MI
235
60,000
Westgate Resort & IWP
Gatlinburg TN
0*
60,000
USA Competitive Supply
• In addition to the Top 20, there are 149
other hotel waterpark resorts and hotels
with indoor waterparks in the USA.
Profile of Hotel Waterparks
by Number of Rooms
Avg#
Rooms
Indoor
WP
Avg#
Slides
Avg#
Pools
Avg#
Spas
Mtg
Space
Avg#
Mtg Rms
Top 5
954
117,800
7.2
2.0
1.8
88,766
42
Top
6-15
424
75,500
8.3
5.4
1.6
35,202
13
Top
16-25
320
35,800
4.8
2.6
2.0
14,035
3
Top
26-50
235
35,781
4.5
2.8
1.6
22,943
10
Top
51-100
148
17,807
2.3
2.3
1.2
12,055
6
Ratio of Rooms to Waterpark
Hotels with
Indoor WP
#
Hotels
Avg #
Rooms
Indoor WP
Avg SF
Indoor WP
SF Per
Room
Over 70,000 sf
12
488
114,083
226
50-69,999 sf
13
262
59,692
218
40-49,999 sf
8
332
42,625
187
30-39,999 sf
19
227
32,777
147
20-29,999 sf
18
211
22,388
158
10-19,999 sf
32
123
12,711
108
Under 10,000 sf
50>
113
5,184
56
Top 10 Hotel Meeting Facilities
with indoor waterparks in the USA
Name
Location
Rooms
Meeting
Space
Indoor
Waterpark
Chula Vista Resort
Wisc Dells WI
616
150,000
110,000
Kalahari Resort
Wisc Dells WI
738
125,000
125,000
Grand Harbor Resort
Dubuque IA
194
120,000
25,000
Kalahari Resort
Sandusky OH
884
95,000
173,000
BW Ramkota Hotel
Sioux Falls SD
226
60,000
17,000
Sheraton Resort WP
Danvers MA
367
50,000
50,000
Double JJ Ranch
Rothbury MI
235
50,000
60,000
Timber Ridge Lodge
Lake Geneva WI
225
50,000
30,000
Grand Prairie Hotel
Hutchinson KS
218
50,000
30,000
Holiday Inn Central
Omaha NE
383
46,318
60,000
Under Construction USA
Hotel Waterpark Resort Projects
2008F
2007
2006
2005
2004
2003
Start of Year
169
136
104
81
65
50
41
32
Openings
55
33
32
23
16
15
9
9
End of Year
224
169
136
104
81
65
50
41
% Change
32.5
24.3
30.8
28.4
24.6
30.0
22.0
28.1
83
93
73
52
32
9
10
9
166
108
121
69
46
19
Under Const
In Development
2002 2001
2007 Openings/Expansions
Name
ST
Rooms
IWP
Jan
Clock Tower Resort Coco Key IWP
IL
252
60,000
Jan
Sea Island on Beach, Myrtle Beach
NC
149
10,000
Feb
Holiday Inn Suites Maple Grove
MN
136
25,000
Mar
Westgate Resort Gatlinburg
TN
0*
60,000
Mar
Holiday Inn Holidome Topeka
KS
197
11,000
Apr
HI Express Splash Univ Dundee
MI
176
25,000
Apr
Bridges Bay Resort Spirit Lake
IA
141
19,800
Apr
Mt Olympus Wisconsin Dells
WI
May
Harrah’s Casino Domed Pool AC
NJ
0
172,000
May
Sheraton Coco Key Danvers
MA
367
65,000
May
Canad Inn Splashers Grand Forks
ND
192
40,000
2007 Openings/Expansions
Name
ST
Rooms
IWP
May
Flying L Ranch & OWP Bandera
TX
76
Jun
Northern Bay Golf Resort Arkdale
WI
225
20,000
Jun
The Rain at Quality Inn Sandusky
OH
89
5,000
Jun
Chula Vista Condos Wisc Dells
WI
150
Jun
Chula Vista Dome & GC Wisc Dells
WI
Jun
Glacier Canyon GC Wisc Dells
WI
Jun
BW Ramkota IWP Casper
WY
229
Jun
Hotel Condos IWP Seattle-Woodin
WA
150
Jul
Isle Capri Hotel at Lost Island OWP
IA
0
Aug
Holiday Inn Dome WP Toledo
OH
106
22,000
2007 Openings/Expansions
Name
ST
Rooms
IWP
Aug
Lodge & Kings Pt IWP Storm Lake
IA
100
20,000
Sep
Holiday Inn Central Omaha
NE
383
60,000
Sep
Splash Univ Resort Shipshewana
IN
154
25,000
Sep
Radisson Resort IWP Albuquerque
NM
314
23,000
Sep
BW Ramkota Aberdeen
SD
154
11,000
Sep
Glacier Canyon Add CC Wisc Dells
TX
Nov
Sheraton Coco Key Cincinnati
OH
357
50,000
Nov
Great Wolf Add CC Traverse City
MI
Dec
Kalahari Additions Sandusky
OH
288
93,000
Dec
Great Wolf Lodge Grapevine
TX
404
80,000
UC/Opening in 2008
Name
ST
Rooms
IWP
Jan
Silverleaf’s The Villages Flint-Tyler
TX
Jan
Double JJ Ranch Adds Rothbury
MI
137
Jan
BW Timber Creek IWP Sandwich
IL
100
Jan
BG Odyssey Dells at Mt Olympus
WI
24
Feb
Red Jacket Resort IWP Conway
NH
162
40,000
Mar
Grand Sierra Resort IWP Reno
NV
2000
150,000
Mar
Lake Lawn Resort Adds Delavan
WI
800
130,000
Mar
Hotel IWP Action Sports Syracuse
NY
287
90,000
Mar
Great Wolf Lodge Grand Mound
WA
390
67,000
Mar
Marriott Resort Coco Key Mt Laurel NJ
285
65,000
19,000
UC/Opening in 2008
Name
ST
Rooms
IWP
Mar
KeyLime Cove Resort Gurnee
IL
414
64,500
Mar
Silver Mountain Resort Kellogg
ID
268
45,000
Mar
Water Resort Condos Pigeon Forge TN
336
35,000
Mar
Deadwood Mtn Resort IWP
SD
Apr
Borgata Casino Water Club ACity
NJ
800
172,000
Apr
Maui Sands Resort Sandusky OH
OH
310
55,000
Apr
Ron Jon SurfPark Orlando
FL
0
26,000
Apr
Big Horn Resort & IWP Billings
MT
109
23,000
Apr
Comfort Inn Pool Convert Omaha
NE
169
5,000
Apr
Timberlake Lodge & IWP GRapids
MN
84
10,000
UC/Opening in 2008
Name
ST
Rooms
IWP
May
Volente Beach Add HIWP Leander
TX
250
38,340
May
Legacy Grand East Kissimmee
FL
Jun
Sheraton CC Paradise Bay Fishers
IN
250
80,000
Jun
Ramada Additions Urbandale
IA
200
40,000
Jun
WanaWaves Resort St Louis
MO
160
25,000
Jun
Comfort Inn Suites IWP Somerset
PA
98*
20,000
Jun
Metropolis Hotel Waterworks EauC
WI
107
30,000
Jun
Honey Creek Resort Rathbun Lake
IA
105
Jul
Great Advent Water Resort Omaha
NE
129
Jul
Lodge Schlitterbahn VacVillage KC
KS
650
Jul
Legend at Bergamont Add Wales
WI
30,000
UC/Opening in 2008
Name
ST
Rooms
IWP
Aug
Randall’s Island Aquatic Ctr NYC
NY
0
182,000
Aug
Frontier Lodge CC & IWP LaSalle
IL
464
61,000
Aug
Splash Universe STL-Hazelwood
MO
150
30,000
Aug
Inn Lodge CC & IWP Lake Okoboji
IA
245
20,000
Oct
Sheraton Coco Key Kansas City
MO
374
60,000
Oct
Hilton Garden Aqualand Fargo
ND
110
17,000
Nov
Wilderness #2 HIWP Sevierville
TN
233
80,000
Nov
Glacier Lakes Aquazonia Farmingt
NY
275
70,000
Nov
Volcano Island Resort Fairmont
WV
300
50,000
Nov
Split Rock Resort Adds Poconos
PA
500
48,000
Dec
Sahara Sam’s Oasis West Berlin
NJ
0
72,000
UC/Opening in 2008
Name
ST
Rooms
IWP
Dec
Sun Island Resort Hoffman Estates
IL
506
70,000
Dec
Grand Cambrian Resort Wisc Dells
WI
350
50,000
Dec
Greek Peak Hope Lodge Syracuse
NY
108
40,000
Dec
Mackinaw Bay Lodge & IWP
MI
235
Dec
Wyndham Garden IWP Kent
WA
144
Dec
BG Odyssey Dells at Mt Olympus
WI
75
Dec
Belle Island HIWP Pigeon Forge
TN
Dec
Hilton IWP at Briggs Ranch SAnton TX
350
Dec
Great Wolf Lodge Adds Grapevine
TX
200
20,000
Dec
Splash Univ Resort Greenwood
IN
100
20,000
Dec
Hotel I-OWP Wild Escape Wheeling
WV
700
6,000
In Development USA
• 28 hotel waterpark projects are under
construction or will break ground in 2008
that scheduled to open in 2009-2010.
• Over 200 hotel waterpark projects are in
the planning stages compared to 166, 108,
121, 69, 46 and 19 in prior years.
• MN, WI, PA, IL, NY and MI are leading the
way in planned projects.
For more info, contact:
Jeff Coy
Bill Haralson
JLC Hospitality Consulting
PO Box 4090
Cave Creek, AZ 85327
480-488-3382
William L. Haralson & Associates
PO 1036
Alto, NM 88312
505-802-1522
[email protected]
www.jeffcoy.com
[email protected]
www.wlha-inc.com