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Hotel Waterpark Resorts Industry Outlook & Trends 2008 Jeff Coy Bill Haralson.

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Presentation on theme: "Hotel Waterpark Resorts Industry Outlook & Trends 2008 Jeff Coy Bill Haralson."— Presentation transcript:

1 Hotel Waterpark Resorts Industry Outlook & Trends 2008 Jeff Coy Bill Haralson

2 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

3 USA Lodging Outlook Occ63.2%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

4 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 Resorts and urban hotels had highest average room rates compared to other types of lodging.

5 Hotel Performance 2007 OCC 2006 OCC % Chg 2007 ADR 2006 ADR % Chg USA Florida Arizona California Nevada Hawaii Wisconsin Minnesota

6 Smith Travel Research Hotel Performance 2007 OCC 2006 OCC % Chg 2007 ADR 2006 ADR % Chg USA Anaheim Boston Chicago New York Oahu Orlando Phoenix

7 USA Competitive Supply These 169 hotels with indoor waterparks are located in the following states: Wisconsin Minnesota Michigan Ohio South Dakota Texas Iowa Washington North Dakota Pennsylvania Totals

8 Hotel Waterpark Resort Growth Trends Hotels IWP Rooms28,88823,89918,99813,87711,464 IWP SF4,132,4693,225,6692,344,4691,721,2691,385,969 Mtg Rms Mtg Sq Ft1,627,4141,326,435978,935806,085679,435 Branded Independ

9 Top 10 Largest Hotel Waterpark Resorts in the USA NameLocationRoomsIndoor WP Wilderness HotelWisconsin Dells WI817229,000 Kalahari ResortSandusky OH884173,000 Kalahari ResortWisconsin Dells WI738125,000 Chula Vista ResortWisconsin Dells WI616110,000 Scott’s Splash LagoonErie PA270102,000 Great Wolf LodgeWisconsin Dells WI43782,000 Great Wolf LodgeGrapevine TX40480,000 Great Wolf LodgePocono Mtns PA40178,000 Great Wolf Kings IslandCincinnati OH40378,000 Waterpark of AmericaBloomington MN40370,000

10 Top Largest Hotel Waterpark Resorts in the USA NameLocationRoomsIndoor WP SchlitterbahnGalveston TX0*70,000 Great Wolf LodgeWilliamsburg VA40167,000 Sheraton Coco KeyArlington Hts IL42665,000 Sheraton Coco KeyDanvers MA36765,000 Mt Olympus Treasure IsWisconsin Dells WI30265,000 Holiday Inn Coco KeyOmaha NE38360,000 Fort Rapids Holiday InnColumbus OH33860,000 Clock Tower Coco KeyRockford IL25260,000 Double JJ Ranch & IWPRothbury MI23560,000 Westgate Resort & IWPGatlinburg TN0*60,000

11 USA Competitive Supply In addition to the Top 20, there are 149 other hotel waterpark resorts and hotels with indoor waterparks in the USA.

12 Profile of Hotel Waterparks by Number of Rooms Avg# Rooms Indoor WP Avg# Slides Avg# Pools Avg# Spas Mtg Space Avg# Mtg Rms Top , ,76642 Top , ,20213 Top , ,0353 Top , ,94310 Top , ,0556

13 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 , ,999 sf , ,999 sf833242, ,999 sf , ,999 sf , ,999 sf , Under 10,000 sf50>1135,18456

14 Top 10 Hotel Meeting Facilities with indoor waterparks in the USA NameLocationRoomsMeeting Space Indoor Waterpark Chula Vista ResortWisc Dells WI616150,000110,000 Kalahari ResortWisc Dells WI738125,000 Grand Harbor ResortDubuque IA194120,00025,000 Kalahari ResortSandusky OH88495,000173,000 BW Ramkota HotelSioux Falls SD22660,00017,000 Sheraton Resort WPDanvers MA36750,000 Double JJ RanchRothbury MI23550,00060,000 Timber Ridge LodgeLake Geneva WI22550,00030,000 Grand Prairie HotelHutchinson KS21850,00030,000 Holiday Inn CentralOmaha NE38346,31860,000

15 Under Construction USA Hotel Waterpark Resort Projects 2008F Start of Year Openings End of Year % Change Under Const In Development

16 2007 Openings/Expansions NameSTRoomsIWP JanClock Tower Resort Coco Key IWPIL25260,000 JanSea Island on Beach, Myrtle BeachNC14910,000 FebHoliday Inn Suites Maple GroveMN13625,000 MarWestgate Resort GatlinburgTN0*60,000 MarHoliday Inn Holidome TopekaKS19711,000 AprHI Express Splash Univ DundeeMI17625,000 AprBridges Bay Resort Spirit LakeIA14119,800 AprMt Olympus Wisconsin DellsWI MayHarrah’s Casino Domed Pool ACNJ0172,000 MaySheraton Coco Key DanversMA36765,000 MayCanad Inn Splashers Grand ForksND19240,000

17 2007 Openings/Expansions NameSTRoomsIWP MayFlying L Ranch & OWP BanderaTX76 JunNorthern Bay Golf Resort ArkdaleWI22520,000 JunThe Rain at Quality Inn SanduskyOH895,000 JunChula Vista Condos Wisc DellsWI150 JunChula Vista Dome & GC Wisc DellsWI JunGlacier Canyon GC Wisc DellsWI JunBW Ramkota IWP CasperWY229 JunHotel Condos IWP Seattle-WoodinWA150 JulIsle Capri Hotel at Lost Island OWPIA0 AugHoliday Inn Dome WP ToledoOH10622,000

18 2007 Openings/Expansions NameSTRoomsIWP AugLodge & Kings Pt IWP Storm LakeIA10020,000 SepHoliday Inn Central OmahaNE38360,000 SepSplash Univ Resort ShipshewanaIN15425,000 SepRadisson Resort IWP AlbuquerqueNM31423,000 SepBW Ramkota AberdeenSD15411,000 SepGlacier Canyon Add CC Wisc DellsTX NovSheraton Coco Key CincinnatiOH35750,000 NovGreat Wolf Add CC Traverse CityMI DecKalahari Additions SanduskyOH28893,000 DecGreat Wolf Lodge GrapevineTX40480,000

19 UC/Opening in 2008 NameSTRoomsIWP JanSilverleaf’s The Villages Flint-TylerTX19,000 JanDouble JJ Ranch Adds RothburyMI137 JanBW Timber Creek IWP SandwichIL100 JanBG Odyssey Dells at Mt OlympusWI24 FebRed Jacket Resort IWP ConwayNH16240,000 MarGrand Sierra Resort IWP RenoNV ,000 MarLake Lawn Resort Adds DelavanWI800130,000 MarHotel IWP Action Sports SyracuseNY28790,000 MarGreat Wolf Lodge Grand MoundWA39067,000 MarMarriott Resort Coco Key Mt LaurelNJ28565,000

20 UC/Opening in 2008 NameSTRoomsIWP MarKeyLime Cove Resort GurneeIL41464,500 MarSilver Mountain Resort KelloggID26845,000 MarWater Resort Condos Pigeon ForgeTN33635,000 MarDeadwood Mtn Resort IWPSD10,000 AprBorgata Casino Water Club ACityNJ800172,000 AprMaui Sands Resort Sandusky OHOH31055,000 AprRon Jon SurfPark OrlandoFL026,000 AprBig Horn Resort & IWP BillingsMT10923,000 AprComfort Inn Pool Convert OmahaNE1695,000 AprTimberlake Lodge & IWP GRapidsMN84

21 UC/Opening in 2008 NameSTRoomsIWP MayVolente Beach Add HIWP LeanderTX25038,340 MayLegacy Grand East KissimmeeFL JunSheraton CC Paradise Bay FishersIN25080,000 JunRamada Additions UrbandaleIA20040,000 JunWanaWaves Resort St LouisMO16025,000 JunComfort Inn Suites IWP SomersetPA98*20,000 JunMetropolis Hotel Waterworks EauCWI10730,000 JunHoney Creek Resort Rathbun LakeIA105 JulGreat Advent Water Resort OmahaNE12930,000 JulLodge Schlitterbahn VacVillage KCKS650 JulLegend at Bergamont Add WalesWI

22 UC/Opening in 2008 NameSTRoomsIWP AugRandall’s Island Aquatic Ctr NYCNY0182,000 AugFrontier Lodge CC & IWP LaSalleIL46461,000 AugSplash Universe STL-HazelwoodMO15030,000 AugInn Lodge CC & IWP Lake OkobojiIA24520,000 OctSheraton Coco Key Kansas CityMO37460,000 OctHilton Garden Aqualand FargoND11017,000 NovWilderness #2 HIWP SeviervilleTN23380,000 NovGlacier Lakes Aquazonia FarmingtNY27570,000 NovVolcano Island Resort FairmontWV30050,000 NovSplit Rock Resort Adds PoconosPA50048,000 DecSahara Sam’s Oasis West BerlinNJ072,000

23 UC/Opening in 2008 NameSTRoomsIWP DecSun Island Resort Hoffman EstatesIL50670,000 DecGrand Cambrian Resort Wisc DellsWI35050,000 DecGreek Peak Hope Lodge SyracuseNY10840,000 DecMackinaw Bay Lodge & IWPMI235 DecWyndham Garden IWP KentWA1446,000 DecBG Odyssey Dells at Mt OlympusWI75 DecBelle Island HIWP Pigeon ForgeTN DecHilton IWP at Briggs Ranch SAntonTX350 DecGreat Wolf Lodge Adds GrapevineTX20020,000 DecSplash Univ Resort GreenwoodIN10020,000 DecHotel I-OWP Wild Escape WheelingWV700

24 In Development USA 28 hotel waterpark projects are under construction or will break ground in 2008 that scheduled to open in 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.

25 For more info, contact: Jeff Coy JLC Hospitality Consulting PO Box 4090 Cave Creek, AZ Bill Haralson William L. Haralson & Associates PO 1036 Alto, NM

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