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Hotel Waterpark Resort Industry Report 2004 USA Lodging Continues Upward Trend USA Hotel Waterpark Resort Supply USA 14 New Hotel Waterpark Resorts Open.

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Presentation on theme: "Hotel Waterpark Resort Industry Report 2004 USA Lodging Continues Upward Trend USA Hotel Waterpark Resort Supply USA 14 New Hotel Waterpark Resorts Open."— Presentation transcript:

1 Hotel Waterpark Resort Industry Report 2004 USA Lodging Continues Upward Trend USA Hotel Waterpark Resort Supply USA 14 New Hotel Waterpark Resorts Open USA Top 20 Largest Hotel Waterpark Resorts USA Top 10 Largest Meeting Facilities with IWPs USA 32 Under Construction & 80 In Development Canada Hotel Waterpark Resort Supply Canada Top 15 Largest Hotel Waterpark Resorts Canada Under Construction & In Development Mexico Rest of the World

2 USA Lodging Outlook Occupancy62.7%60.8%61.2% ADR$86.55$83.60$84.01 RevPAR$54.25$50.87$51.45

3 USA Lodging Outlook Hotel room revenues, supply & demand all showing positive growth over last year. RevPAR up 7.3% over Summer 2004 better than Summer 2003 despite colder than normal temperatures. Industry near pre-9/11 levels of Year Resorts did better than last year and better than other types of lodging.

4 Hotel Performance Ytd Aug 2004 OCC 2003 OCC % Chg 2004 ADR 2003 ADR % Chg USA Florida Arizona California Nevada Hawaii Wisconsin Minnesota

5 Smith Travel Research Hotel Performance Ytd Aug 2004 OCC 2003 OCC % Chg 2004 ADR 2003 ADR % Chg USA Anaheim Boston Chicago New York Oahu Orlando Phoenix

6 Wisconsin Dells Hotel Performance HotelsOcc RmNts ADRRoom Rev Mix With IWPs 18834,590$120.24$100.3m81% WO IWPs 44377,871$61.20$23.1m19% Total 621,212,461$101.84$123.4m100%

7 Wisconsin Dells Haves vs Have-Nots Hotels2001 Rev Mix 2002 Rev Mix 2003 Rev Mix With IWPs 1875%77%81% WO IWPs 4425%23%19% Total 62100%

8 USA Competitive Supply These 76 hotels indoor waterparks are located in the following states: Wisconsin Minnesota 532Michigan 333South Dakota 322North Dakota 221Montana 211Ohio 211Iowa Totals

9 Hotel Waterpark Resort Growth Trends Hotels IWP Rooms12,47010,1328,193 IWP Sq Ft1,645,0691,313,769989,904 Mtg Rooms Mtg Sq Ft780,585679,435626,955 Branded Independ423528

10 Top 10 Largest Hotel Waterpark Resorts in the USA NameLocationRoomsIndoor WP Wilderness HotelWisc Dells WI593161,000 Kalahari ResortWisc Dells WI738125,000 Scotts Splash LagoonErie PA270102,000 Treasure IslandWisc Dells WI30265,000 H2OasisAnchorage AK056,000 Castaway BaySandusky OH23751,000 Lodge at Cedar CreekWausau WI14050,000 Grand RiosBrooklyn Park MN22446,000 Great Wolf LodgeWisc Dells WI30944,000 Blue Harbor ResortSheboygan WI18340,000

11 Top Largest Hotel Waterpark Resorts in the USA NameLocationRoomsIndoor WP 7 Clans Casino HotelThief River Falls MN15140,000 Great Wolf LodgeTraverse City MI28138,000 Great Wolf LodgeKansas City KS28138,000 Polynesian ResortWisc Dells WI23038,000 Great Bear LodgeSandusky OH27133,000 BW Sterling Inn & CCSterling Hts MI25031,769 Bavarian Inn LodgeFrankenmuth MI35730,000 Holiday Inn Select NorthIndianapolis IN34430,000 Chula Vista ResortWisc Dells WI30030,000 Timber Ridge LodgeLake Geneva WI22530,000

12 USA Competitive Supply 56 other hotels with indoor waterparks are located: In WI-Green Bay, Madison, Minocqua, Lac du Flambeau, Tomah, Prairie du Chien and Ashland; In MN-Moorhead, Thief River Falls, Rochester, Minneapolis, Owatonna, St Cloud, Baxter, Detroit Lakes, Orr, Shoreview, Nisswa; In MI-Grand Rapids, Mackinaw City; In ND- Minot, Bismarck; In SD-Aberdeen, Watertown, Sioux Falls; In MT-Anaconda, Missoula; In other areas- Spokane WA, Casper WY, Amana IA, Norfolk NE, Hutchinson KS, Sheperdsville KY, Utica IL, and Colorado Springs CO.

13 Profile of Hotel Waterparks by Number of Rooms Avg# Rooms Indoor WP Avg# Slides Avg# Pools Avg# Spas Mtg Space Avg# Mtg Rms Top , , Top , , Top , , Top , , Top , ,2091.0

14 Ratio of Rooms to Waterpark Hotels with Indoor WP Avg # Rooms Indoor WP Avg SF Indoor WP SF Per Room Over 50,000 sf32587, ,999 sf21742, ,999 sf28233, ,999 sf19421, ,999 sf11212, ,999 sf1146,50765 Under 5,000 sf892,68637

15 Top 10 Hotel Meeting Facilities with indoor waterparks in the USA NameLocationRoomsMeeting Space Indoor Waterpark Kalahari ResortWisc Dells WI738125,000 Grand Harbor ResortDubuque IA194120,00025,000 BW Ramkota HotelSioux Falls SD22660,0003,000 Timber Ridge LodgeLake Geneva WI22550,00030,000 Chula Vista ResortWisc Dells WI30040,00030,000 Hilton City CenterMilwaukee WI73030,00020,000 Grand Prairie HotelHutchinson KS21830,00020,000 Arrowood Resort CCAlexandria MN20028,00021,000 Ramada PlazaFargo ND18525,00030,000 Blue Harbor ResortSheboygan WI18320,00040,000

16 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 , , Top , , Top , ,

17 Under Construction USA Hotel Waterpark Resort Projects 2005F2004F Start of Year Openings End of Year % Change16.5%29.5%27.1%23.1%25.8% Under Construction In Development804619

18 Under Construction USA Hotel Waterpark Resort Rooms 2005F2004F Start of Year12,26610,1328,1937,1355,4313,545 Openings4,1172,1341,9391,0581,7041,886 End of Year16,38312,26610,1328,1937,1355,431 % Change33.6%21.1%23.7%14.8%31.4% Under Construction4,4321,1441,3661,0581,704 In Development15,86413,2684,630

19 Recent Openings/Expansions NameSTRoomsIWP FebBW Sterling Inn AdditionMI09,000 MarWilderness Resort AdditionWI047,051 AprSleep Inn Suites MinotND12624,000 MayHoliday Inn Amana ConversionIA011,000 JunGreat Wolf Lodge OWP ExpWI JunLodge at Cedar Creek WausauWI14050,000 JunKalahari Kondos & Mtg SpaceWI120*80,000 JunBlue Harbor Resort SheboyganWI18340,000 JulAmericInn AshlandWI652,500 AugHoliday Inn Express Grand RapidsMI8010,000 AugRamada Spokane Airport AdditionWA05,300

20 Recent Openings/Expansions NameSTRoomsIWP SepBaymont Inn Sheperdsville AddKY8014,000 SepGrand Rios ResortMN22446,000 Coming Soon NovHoliday Inn Select Indianapolis AddIN34430,000 NovGrand Bear at Starved RockIL19120,000 NovCastaway Bay Sandusky AdditionOH23738,000 DecGrand Mackinaw Inn AdditionMI655,000 DecScotts Splash Lagoon Erie AddPA025,000

21 In Development USA 80 hotel waterpark projects are in the planning stages compared to 46 last year and 28 the year prior. Wisconsin, Minnesota, Illinois & Michigan are leading the way in planned projects. 19,284 rooms and 3.4 million sf of IWPs are in the pipeline in 27 states.

22 Bill & Jeff Go to Canada

23 Canadian Competitive Supply We have identified 108 hotel indoor waterparks, typically smaller properties averaging 3200 sf of indoor waterpark Alberta Saskatchewan British Columbia 1196Manitoba 997Ontario 662Quebec 221Prince Edw Isl 221Nova Scotia Totals

24 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.

25 Major Canadian Hotel Waterparks Fantasyland Hotel with 355 rooms at West Edmonton Malls 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.

26 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.

27 Under Construction in Canada Great Wolf Lodge expected to break ground in 2004 on 404 rooms, 90,000 sf indoor waterpark and 115,000 sf Ripleys Aquarium. Canad Inn expected break ground soon in Portage La Prairie MB.

28 In Development Canada 9 hotel waterpark projects are in the planning stages: –3 in Alberta –2 in Ontario –1 in British Columbia –1 in New Brunswick –1 in Nova Scotia –1 in Saskatchewan

29 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.

30 Rest of the World Supply NameLocationRoomsIWP SF Kerzners AtlantisDubaiUAE1000 Jumeirah BeachDubaiUAE619 Hotel El PasoPort AventuraSpain500 Hotel AventuraPort AventuraSpain500 Esperos PalaceFaliraki RhodesGreece416 Dedeman HotelIstanbulTurkey346 Alton TowersStaffordshireUK21640,000 Yong in FarmlandSeoulSouth Korea20038,000 Amipura ResortGujaretIndia81

31 In Development Rest of World Centre ParksParis NortheastFrance Waterpark Wodny IWPLodzPoland Waterpark Wodny IWPWarschauPoland Suzanne Melas IWPBerlin-PostdamGermany Ogmio Astra IWPVilniusLithuania

32 Hotel Waterpark Resort Research & Consulting Jeff Coy JLC Hospitality Consulting 3320 Mayowood Road Rochester MN Bill Haralson William L. Haralson & Associates 2405 Mesa Drive Richardson TX 75080

33 Break


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