Transcript Hotel Waterpark Resort Industry Outlook

Hotel Waterpark Resort
Industry Report 2005
Worldwide
Jeff Coy
Bill Haralson
Paco Caudet
Roger Currie
Hotel Waterpark Resort
Industry Report 2005
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USA Lodging Continues Upward Trend
USA Hotel Waterpark Resort Supply
USA 23 New Hotel Waterpark Resorts Open
USA Top 20 Largest Hotel Waterpark Resorts
USA Top 10 Largest Meeting Facilities with IWPs
USA 52 Under Construction & 121 In Development
Canada
Mexico & Caribbean
Rest of the World
USA Lodging Outlook
2005
2004
2003
2002
Occ
64.3%
62.7%
60.8%
61.2%
ADR
$90.59
$86.55
$83.60
$84.01
RevPAR
$58.28
$54.25
$50.87
$51.45
USA Lodging Outlook
• Hotel room revenues, supply & demand all
showing positive growth over last year.
• Room Revenue up 8.1% over last year.
• Summer 2005 better than Summer 2004.
• 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
2005
OCC
2004
OCC
%
Chg
2005
ADR
2004
ADR
%
Chg
USA
64.3
62.7
2.6
90.59
86.36
4.9
Florida
72.7
70.1
3.7
103.13
95.12
8.4
Arizona
67.6
64.6
4.6
91.75
85.61
7.2
California
70.5
68.2
3.4
102.20
96.73
5.7
Nevada
72.5
72.7
-0.3
103.18
105.04
-1.8
Hawaii
82.9
79.7
4.0
166.20
153.84
8.0
Wisconsin
55.8
55.7
0.2
72.66
70.40
3.2
Minnesota
61.8
60.5
2.1
79.31
74.77
6.1
Hotel Performance Ytd Aug
2005
OCC
2004
OCC
%
Chg
2005
ADR
2004
ADR
%
Chg
USA
64.3
62.7
2.6
90.59
86.36
4.9
Anaheim
76.1
71.9
5.8
103.03
96.57
6.7
Boston
64.7
63.9
1.3
125.51
121.11
3.6
Chicago
63.9
61.8
3.4
105.23
99.28
6.0
New York
82.2
79.3
3.7
189.92
170.42
11.4
Oahu
86.2
80.6
6.9
137.08
122.81
11.6
Orlando
74.8
72.7
2.9
92.70
87.57
5.9
Phoenix
68.7
65.3
5.2
103.80
97.18
6.8
Smith Travel Research
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 Dells
Haves 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 104
hotels indoor
waterparks
are located in
the following
states:
2005 2004 2003 2002
35
32
28
25 Wisconsin
20
15
14
10 Minnesota
7
5
3
2
Michigan
4
3
3
3
South Dakota
4
3
2
2
North Dakota
2
2
2
1
Montana
4
2
1
1
Ohio
3
2
1
1
Iowa
104 76
61
48 Totals
Hotel Waterpark Resort
Growth Trends
Hotels
IWP
Rooms
IWP SF
2005
2004
2003
2002
104
76
61
48
17,574
12,470
10,132
8,193
2,377,269 1,645,069 1,313,769
989,904
Mtg Rms
397
373
352
322
Mtg Sq Ft
935,935
780,585
679,435
626,955
Branded
44
34
26
20
Independ
60
42
35
28
Top 10 Largest Hotel Waterpark
Resorts in the USA
Name
Location
Rooms
Indoor WP
Wilderness Hotel
Wisconsin Dells WI
593
161,000
Kalahari Resort
Wisconsin Dells WI
738
125,000
Scott’s Splash Lagoon
Erie PA
270
102,000
Mtn Grand Avalanche
Boyne Falls MI
220
83,000
Treasure Island
Wisconsin Dells WI
302
65,000
Great Wolf Lodge
Williamsburg VA
301
64,000
H2Oasis
Anchorage AK
0*
56,000
Lodge at Cedar Creek
Wausau WI
140
50,000
Grand Rios
Brooklyn Park MN
224
46,000
Great Wolf Lodge
Wisconsin Dells WI
309
44,000
Top 10 -20 Largest Hotel
Waterpark Resorts in the USA
Name
Location
Rooms
Indoor WP
Massanutten Resort
McGaheysville VA
0*
42,000
Blue Harbor Resort
Sheboygan WI
183
40,000
Country Springs Hotel
Waukesha WI
187
40,000
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
Castaway Bay Resort
Sandusky OH
237
38,000
Polynesian Resort
Wisconsin Dells WI
230
38,000
Arrowwood Resort CC
Alexandria MN
200
38,000
Great Escapes Hotel
Lake George NY
200
38,000
USA Competitive Supply
• In addition to the Top 20, there are 84
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
651
95,200
6.8
2.0
1.6
43,760
20.4
Top
6-15
308
38,200
5.3
3.3
1.8
8,856
3.1
Top
16-25
245
31,697
4.0
2.5
1.6
19,371
6.8
Top
26-50
173
22,476
2.8
2.3
1.0
12,082
4.3
Top
51-75
88
12,118
1.8
1.7
1.0
2,656
1.8
Ratio of Rooms to Waterpark
Hotels with
Indoor WP
#
Hotels
Avg #
Rooms
Indoor WP
Avg SF
Indoor WP
SF Per
Room
Over 50,000 sf
10
354
87,600
247
40-49,999 sf
6
175
42,000
240
30-39,999 sf
16
235
33,298
142
20-29,999 sf
13
226
21,615
95
10-19,999 sf
23
107
12,215
114
5-9,999 sf
23
114
6,534
57
Under 5,000 sf
13
97
2,430
25
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
Kalahari Resort
Sandusky OH
596
80.000
80,000
BW Ramkota Hotel
Sioux Falls SD
226
60,000
3,000
Grand Prairie Hotel
Hutchinson KS
218
50,000
30,000
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
Arrowood Resort CC
Alexandria MN
200
28,000
38,000
Ramada Plaza
Fargo ND
185
25,000
10,000
Profile of Hotel Waterparks
by Size of Meeting Facilities
Avg#
Rooms
Indoor
WP
Avg#
Slides
Avg#
Pools
Avg#
Spas
Mtg
Space
Avg#
Mtg Rms
Top 5
396
52,600
4.4
2.3
1.8
87,000
43.7
Top
6-10
231
25,600
3.5
2.3
1.0
34,600
15.3
Top
11-15
230
24,954
2.0
3.0
2.4
18,781
10.5
Under Construction USA
Hotel Waterpark Resort Projects
2006F
2005F
2004F
2003
2002
2001
2000
Start of Year
104
81
65
50
41
32
18
Openings
37
23
16
15
9
8
14
End of Year
141
104
81
65
50
41
32
% Change
35.6
28.4
24.6
30.0
22.0
28.1
Under Const
52
32
9
10
9
In Development
121
69
46
19
8
Under Construction USA
Hotel Waterpark Resort Rooms
2006F
2005F
2004F
2003
2002
2001
2000
Start of Year
17,574
13,851
11,464
8,510
7,452
5,487
3,545
Openings
6,330
3,723
2,387
2,954
1,058
1,965
1,942
End of Year
23,904
17,574
13,851
11,464
8,510
7,452
5,487
36.0
26.9
20.8
34.7
14.2
35.8
Under Const
9,038
4,432
1,144
1,366
1,058
In Development
26,747
15,864
13,268
4,630
% Change
1,704
Recent Openings/Expansions
Name
ST
Rooms
IWP
Jan
Holiday Inn Conversion Gr Forks
ND
142
7,000
Jan
BW Grand Season Waupaca
WI
90
Mar
Great Wolf Lodge Williamsburg
VA
301
64,000
April Grand Bear Lodge Utica
IL
92
24,000
May
Kalahari Resort Sandusky
OH
596
80,000
May
Mtn Grand & Avalanche Bay Boyne
MI
220
83,000
May
Interlaken Resort Lake Geneva
WI
414
50,000
May
Country Springs Hotel Waukesha
WI
187
40,000
May
Holiday Inn Express & IWP Hayden
ID
96
25,000
May
Holiday Inn Express & IWP Milw
MI
115
6,000
May
Bridgewood Conf & Aquatic Ctr
WI
95
5,500
Recent Openings/Expansions
Name
ST
Rooms
IWP
May
Nickelodean Suites & OWP Orlando FL
Jun
Zehnders Splash Village Frankmth
MI
152
30,000
Jun
Holiday Inn Suites Baxter
MN
98
18,000
Jul
Massanutten Resort McGaheysville VA
Jul
Hotel Condos & IWP Ocean Shores
WA
60
8,000
Jul
Comfort Inn & Splash Bellville
OH
100
6,500
Aug
HI & Wild Woods WP Otsego
MN
125
30,000
Aug
Lodge & Paul Bunyan WP Baxter
MN
102
30,000
42,000
UC/Opening in 2005
Name
ST
Rooms
IWP
Oct
Great Wolf Lodge Pocono Mtns
PA
401
90,000
Oct
BW Edgewater IWP Add Duluth
MN
282
23,000
Nov
BW Pzzazz IWP, FEC, OWP Burlgtn
IA
151
20,000
Nov
Thumper Pond Golf Resort Exp
MN
78
11,000
Dec
Great Escapes Resort Lake George NY
200
38,000
Dec
Hotel Condos & IWP Auburn
150
Total 23 Openings in 2005
IN
UC/Opening in 2006
Name
ST
Rooms
IWP
Jan
Holiday Inn & IWP East Columbus
OH
338
58,000
Mar
Canad Inn Destination Ctr Gr Forks ND
192
40,000
Mar
Big Horn Resort & IWP Billings
MT
250
35,000
Mar
Lake Lawn P1 Condo Exp Delavan
WI
222
Apr
Grand Lodge Waterpark of America MN
Apr
Great Wolf WP Exp Wisc Dells
WI
May
Mt Olympus I-OWP & Lodging
WI
387
Jun
Chula Vista Resort Expansion
WI
166
80,000
Jun
Hotel Splash Universe Shipshewana
IN
153
30,000
Jun
HI Express Splash Universe Dundee
MI
150
30,000
403
70,000
44,000
UC/Opening in 2006
Name
ST
Rooms
IWP
Jun
HI Holidone Conversion Elmhurst
IL
250
25,000
Aug
River Bluff Resort IWP McGregor
IA
345
49,000
Sep
Randalls Island Indoor Aquatic Ctr
NY
Sep
Sheraton Resort Exp Danvers
MA
367
60,000
Sep
Hotel Waterpark Resort Belvedere
NY
100
30,000
Sep
RonJon Surfpark Festival Orlando
WI
Oct
Great Wolf Lodge Kings Island Cin
OH
404
78,000
Oct
Great Wolf Expansion Williamsburg VA
100
Nov
Jellystone Exp OWP, IWP, Hotel
WI
Nov
Sheraton Chicago NW Add IWP
IL
133,000
48,000
429
46,240
UC/Opening in 2006
Name
ST
Rooms
IWP
Nov
Hotel Waterpark Resort Wausau
WI
125
57,000
Dec
Double J Ranch Add IWP Rothbury
MI
50
50,000
Dec
Holiday Inn Suites & IWP Maple Gr
MN
150
25,000
Dec
Hawthorn Golf Exp IWP Wadsworth IL
80
25,000
Dec
Northern Bay Golf Resort & IWP
WI
Dec
Hotel Condos & IWP Kent
IN
Dec
Scotts Hotels & Splash Lagoon Exp PA
Total 26 Planned Openings in 2006
20,000
150
In Development USA
• 121 hotel waterpark projects are in the
planning stages compared to 69 last year
and 46 and 19 in prior years.
• MN, WI, IL, MI & IN are leading the way in
planned projects.
• 26,747 rooms and 4.6 million sf of IWPs
are in the pipeline in 30 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.
2005
2004
2003
2002
41
41
38
35
Alberta
22
22
20
19
Saskatchewan
15
15
13
11
British Columbia
10
11
9
6
Manitoba
11
9
9
7
Ontario
6
6
6
2
Quebec
2
2
2
1
Prince Edw Isl
3
2
2
1
Nova Scotia
110
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 open in
2006 with 404 rooms, 90,000 sf indoor
waterpark and 115,000 sf Ripley’s
Aquarium.
In Development Canada
• 9 hotel waterpark projects are in the
planning stages:
– 3 in Alberta
– 2 in Ontario
– 2 in British Columbia
– 1 in New Brunswick
– 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
Outdoor Waterpark
Industry Report 2005
Bill Haralson
Waterpark Industry Fun Facts
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1,000+ waterparks in North America
About 600 waterparks in Rest of World
72 million attendees in North America
70 million attendees in the USA
3% average attendance growth last 5 yrs
Wet ‘N Wild Orlando was first waterpark
Kalahari Resort Wisconsin Dells is biggest
Hotel waterpark resorts and city-owned
waterparks are fastest-growing segments
Best Waterparks in the USA
According to the Travel Channel 2004
1 Schlitterbahn TX
2 Disney’s Blizzard
Beach FL
3 Raging Waters CA
4 Water Country VA
5 Splish Splash NY
6 Soak City CA
7 Water World CO
8 Six Flags White
Water GA
9 Wet ‘N Wild Las
Vegas
10 Noah’s Ark WI