Trends in the Hotel Industry
United States Cities
1998 First Quarter Result
 
Read PKF's article: 
 		 CHUMBAWAMBA!
Occupancy Gets Knocked Down, But Profits Up Again
 
 
      Occupancy    A.D.R.      
      1998 1997 Variance   1998 1997 Variance
NEW ENGLAND AND MIDDLE ATLANTIC CITIES                  
  Atlantic City, NJ (non-casino)   42.00% 43.00% -2.30%   $68.00  $66.00  3.00%
  Boston, MA   71.30% 63.30% 12.70%   $156.67  $142.48  10.00%
  New York, NY   77.20% 76.30% 1.20%   $194.15  $175.83  10.40%
  Philadelphia, PA   67.50% 66.00% 2.30%   $130.00  $120.00  8.30%
    Subtotal 73.30% 70.80% 3.50%   $175.18  $159.52  9.80%
                   
NORTH CENTRAL CITIES                  
  Chicago, IL   65.70% 61.40% 7.00%   $102.82  $91.03  13.00%
  Minneapolis, MN   62.80% 64.70% -2.90%   $75.25  $73.23  2.80%
  St. Louis, MO   60.80% 56.20% 8.20%   $78.78  $74.32  6.00%
    Subtotal 64.30% 61.40% 4.60%   $92.92  $84.22  10.30%
                   
SOUTH ATLANTIC CITIES                  
  Atlanta, GA   72.00% 68.70% 4.80%   $108.01  $102.56  5.30%
  Charlotte, NC   62.50% 64.10% -2.50%   $78.56  $71.10  10.50%
  Miami, FL   86.60% 87.20% -0.70%   $142.99  $136.55  4.70%
  Orlando, FL   81.30% 87.40% -7.00%   $91.82  $82.63  11.10%
  Raleigh, NC   68.70% 71.10% -3.40%   $84.86  $82.97  2.30%
  Washington, DC   67.90% 66.10% 2.70%   $132.62  $131.74  0.70%
    Subtotal 77.10% 78.90% -2.30%   $107.90  $100.46  7.40%
                   
SOUTH CENTRAL CITIES                  
  Austin, TX   75.10% 72.60% 3.40%   $84.52  $79.72  6.00%
  Baton Rouge, LA   68.20% 72.20% -5.50%   $59.21  $58.97  0.40%
  Corpus Christi, TX   61.50% 60.70% 1.30%   $60.94  $60.53  0.70%
  Dallas/Ft. Worth, TX   70.30% 68.20% 3.10%   $95.06  $88.55  7.40%
  El Paso, TX   63.00% 64.10% -1.70%   $54.52  $52.49  3.90%
  Houston, TX   73.80% 69.60% 6.00%   $88.75  $80.81  9.80%
  Knoxville, TN   58.10% 58.60% -0.90%   $60.88  $58.56  4.00%
  Little Rock, AR   61.30% 65.30% -6.10%   $49.15  $48.24  1.90%
  Memphis, TN   60.80% 63.00% -3.50%   $81.35  $79.41  2.40%
  Nashville, TN   70.90% 67.30% 5.30%   $96.87  $86.98  11.40%
  New Orleans, LA   76.50% 74.90% 2.10%   $124.15  $121.58  2.10%
  San Antonio, TX   66.00% 64.80% 1.90%   $85.02  $80.42  5.70%
    Subtotal 70.50% 68.70% 2.60%   $90.98  $85.50  6.40%
                   
MOUNTAIN AND PACIFIC CITIES                  
  Albuquerque, NM   60.10% 65.40% -8.10%   $72.46  $73.21  -1.00%
  Boise, ID   60.30% 62.30% -3.20%   $69.00  $68.00  1.50%
  Colorado Springs, CO   57.20% 61.90% -7.60%   $65.66  $63.50  3.40%
  Denver, CO   64.40% 66.20% -2.70%   $80.98  $77.46  4.50%
  Los Angeles, CA   76.00% 75.30% 0.90%   $110.49  $100.93  9.50%
  Orange County, CA   69.60% 73.50% -5.30%   $104.45  $96.42  8.30%
  Phoenix, AZ   80.90% 84.20% -3.90%   $150.28  $143.43  4.80%
  Portland, OR   62.00% 64.50% -3.90%   $107.50  $100.43  7.00%
  Sacramento, CA   69.80% 69.60% 0.30%   $78.56  $69.40  13.20%
  Salt Lake City, UT   72.00% 82.00% -12.20%   $83.65  $78.30  6.80%
  San Diego County, CA   76.20% 75.50% 0.90%   $120.11  $103.36  16.20%
  San Francisco, CA   74.90% 74.10% 1.10%   $135.07  $123.14  9.70%
  Santa Fe, NM   61.20% 63.90% -4.20%   $108.77  $103.98  4.60%
  Scottsdale, AZ   81.30% 85.50% -4.90%   $172.99  $162.79  6.30%
  Seattle, WA   69.90% 66.40% 5.30%   $112.65  $103.73  8.60%
  Tucson, AZ   79.40% 81.10% -2.10%   $125.14  $116.31  7.60%
  Waikiki, HI   80.60% 84.70% -4.80%   $131.58  $130.18  1.10%
    Subtotal 73.70% 75.60% -2.50%   $116.16  $108.74  6.80%
                   
TOTAL CITIES*   72.60%  72.60% 0.00% $113.40  $105.41  7.60% 
                   
* Average property size: 220 rooms.                  
Source: PKF Consulting                  

 
For additional information contact 
Robert Mandelbaum at the firm:
email:  rmandel@pkfc.com
PKF Consulting
3391 Peachtree Road, Suite 420
Atlanta, GA  30326
phone  (404) 842-1150 fax  (404) 842-1165 

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Last Updated on 7/20/98