Trends
in the Hotel Industry
 
ANNUAL FORECAST FOR THE HOTEL INDUSTRY
United States Cities
Projections 1998 - 1999
Occupancy
Average Daily Rate
1997
1998
1999
1997
1998
1999
Actual
Estimated
Projected
Actual
Estimated
Projected
Albuquerque, NM
63.9%
60.6%
60.0%
$ 70.02 
$ 72.75 
$ 75.25 
Atlanta, GA
70.7%
70.0%
70.3%
$ 98.81 
$ 100.00 
$ 103.00 
Austin, TX
74.6%
74.8%
73.0%
$ 78.01 
$ 82.50 
$ 86.00 
Baton Rouge, LA
71.5%
67.0%
66.0%
$ 59.28 
$ 60.00 
$ 61.00 
Boise, ID
67.0%
65.5%
66.0%
$ 69.00 
$ 72.00 
$ 75.00 
Boston, MA
80.1%
82.0%
83.0%
$ 164.11 
$ 179.00 
$ 191.00 
Charlotte, NC
66.6%
66.0%
65.5%
$ 74.07 
$ 80.00 
$ 84.75 
Chicago, IL
72.1%
73.5%
72.5%
$ 102.73 
$ 113.00 
$ 118.75 
Colorado Springs, CO
67.5%
63.2%
61.0%
$ 78.02 
$ 80.25 
$ 82.50 
Corpus Christi, TX
62.7%
62.0%
62.0%
$ 62.07 
$ 62.00 
$ 63.50 
Dallas/Ft. Worth, TX
69.0%
69.0%
67.0%
$ 88.73 
$ 93.00 
$ 96.00 
Denver, CO
69.9%
67.6%
66.5%
$ 79.89 
$ 83.34 
$ 86.75 
El Paso, TX
63.9%
62.0%
62.0%
$ 51.60 
$ 53.50 
$ 55.00 
Houston, TX
68.4%
67.0%
66.0%
$ 77.97 
$ 84.00 
$ 88.00 
Knoxville, TN
65.3%
64.0%
63.0%
$ 63.12 
$ 64.50 
$ 66.50 
Little Rock, AR
65.9%
64.0%
63.5%
$ 49.31 
$ 50.00 
$ 51.75 
Los Angeles, CA
73.6%
74.0%
74.5%
$ 96.56 
$ 105.00 
$ 112.00 
Memphis, TN
66.5%
65.0%
64.0%
$ 77.26 
$ 79.50 
$ 82.00 
Miami, FL
76.8%
75.0%
74.0%
$ 113.68 
$ 118.00 
$ 122.75 
Minneapolis, MN
68.4%
68.5%
68.0%
$ 88.26 
$ 94.00 
$ 99.25 
Nashville, TN
73.7%
69.0%
67.5%
$ 87.20 
$ 92.00 
$ 96.00 
New Orleans, LA
72.7%
74.0%
73.0%
$ 109.42 
$ 114.00 
$ 118.00 
New York, NY
83.9%
84.0%
84.0%
$ 192.73 
$ 212.00 
$ 227.00 
Orange County, CA
73.5%
70.0%
69.0%
$ 94.62 
$ 100.00 
$ 103.00 
Orlando, FL
82.7%
78.0%
76.5%
$ 79.44 
$ 85.00 
$ 89.25 
Philadelphia, PA
74.0%
73.0%
70.0%
$ 125.50 
$ 138.00 
$ 144.00 
Phoenix, AZ
75.4%
74.1%
73.0%
$ 122.83 
$ 127.75 
$ 133.00 
Portland, OR
73.0%
68.0%
69.0%
$ 107.00 
$ 113.00 
$ 117.00 
Raleigh, NC
74.0%
70.5%
69.5%
$ 81.55 
$ 84.00 
$ 86.75 
Sacramento, CA
72.9%
73.2%
72.0%
$ 76.25 
$ 84.00 
$ 86.50 
Salt Lake City, UT
80.0%
74.0%
72.5%
$ 87.74 
$ 93.00 
$ 97.75 
San Antonio, TX
65.2%
66.0%
67.0%
$ 74.57 
$ 75.00 
$ 76.50 
San Diego County, CA
75.9%
77.0%
78.0%
$ 105.70 
$ 120.00 
$ 130.00 
San Francisco, CA
80.0%
80.0%
80.0%
$ 134.29 
$ 147.00 
$ 154.50 
Santa Fe, NM
71.7%
72.6%
72.6%
$ 120.23 
$ 126.00 
$ 132.00 
Scottsdale, AZ
75.9%
74.5%
73.5%
$ 139.26 
$ 145.25 
$ 151.00 
Seattle, WA
76.0%
77.5%
77.0%
$ 118.00 
$ 124.00 
$ 129.00 
St. Louis, MO
62.5%
65.0%
64.0%
$ 81.73 
$ 85.00 
$ 88.50 
Tucson, AZ
70.8%
67.7%
66.5%
$ 84.34 
$ 86.00 
$ 88.25 
Waikiki, HI
79.7%
75.0%
76.0%
$ 124.54 
$ 126.00 
$ 127.00 
Washington, DC
72.8%
73.5%
74.0%
$ 126.55 
$ 132.00 
$ 136.00 
TOTAL CITIES*
73.9%
72.8%
72.3%
$ 105.75 
$ 112.96 
$ 118.52 
* Average property size: 220 rooms
Source: PKF Consulting
  
 
For additional information contact 
RobertMandelbaum 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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