PKF Consulting

TRENDS IN THE HOTEL INDUSTRY

United States Cities

1997 First Quarter Results


OCC. %

A.D.R. $

1997 1996 Var % 1997 1996 Var %
New England and Middle Atlantic Cities
Atlantic City, NJ (non-casino) 43.0 47.0 -8.5 66.00 62.00 6.5
Boston, MA 64.1 65.8 -2.6 137.65 127.61 7.9
New York, NY 76.8 72.8 5.6 173.61 159.11 9.1
Philadelphia, PA 66.0 65.0 1.5 120.00 107.00 12.1

Subtotal

71.5 69.4 3.1 158.35 144.41 9.6
North Central Cities
Chicago, IL 62.8 61.3 2.4 101.32 94.25 7.5
Minneapolis, MN 57.6 53.7 7.3 86.20 83.34 3.4
St. Louis, MO 52.9 58.6 -9.7 76.12 72.28 5.3

Subtotal

60.4 59.3 1.9 95.46 89.43 6.7
South Atlantic Cities
Atlanta, GA 68.0 74.4 -8.6 98.78 96.63 2.2
Charlotte, NC 62.6 68.6 -8.7 64.68 59.14 9.4
Miami, FL 84.2 83.0 1.4 141.59 131.74 7.5
Orlando, FL 86.8 84.3 3.0 84.55 77.42 9.2
Raleigh, NC 67.9 73.1 -7.1 81.47 73.42 11.0
Washington, DC 64.4 62.2 3.5 129.72 124.93 3.8

Subtotal

78.1 78.9 -1.0 99.47 92.82 7.2
South Central Cities
Austin, TX 72.9 75.2 -3.0 77.04 73.62 4.6
Baton Rouge, LA 72.2 71.1 1.5 59.74 54.94 8.7
Corpus Christi, TX 59.6 63.0 -5.4 59.45 53.90 10.3
Dallas/Ft. Worth TX 68.4 73.10 -6.4 87.16 84.41 3.3
El Paso, TX 63.5 66.1 -3.9 50.79 50.00 1.6
Houston, TX 70.3 68.8 2.2 79.64 74.22 7.3
Knoxville, TN 57.2 56.9 .5 63.85 60.64 5.3
Little Rock, AR 63.0 62.7 .5 47.78 42.94 11.3
Memphis, TN 60.3 64.7 -6.8 73.57 68.21 7.9
Nashville, TN 72.2 78.9 -8.5 88.55 86.41 2.5
New Orleans, LA 75.4 71.7 5.2 122.94 106.96 14.9
San Antonio, TX 62.7 66.1 -5.1 72.80 73.35 -.7

Subtotal

68.9 70.3 -2.0 85.19 79.62 7.0
Mountain and Pacific Cities
Albuquerque, NM 66.8 68.8 -2.9 73.17 66.03 10.8
Boise, ID 61.7 68.7 -10.2 68.28 65.50 4.2
Colorado Springs, CO 63.0 64.5 -2.3 63.70 58.62 8.7
Denver, CO 70.9 72.6 -2.3 109.96 98.74 11.4
Los Angeles, CA 75.0 70.2 6.8 97.95 90.06 8.8
Orange County, CA 73.4 70.1 4.7 93.40 83.46 11.9
Phoenix, AZ 83.6 84.3 -.8 144.60 141.01 2.5
Portland, OR 65.2 71.2 -8.4 103.62 93.81 10.5
Sacramento, CA 71.6 68.4 4.7 72.48 68.45 5.9
Salt Lake City, UT 82.5 85.4 -3.4 80.36 72.54 10.8
San Diego County, CA 75.5 70.9 6.5 102.46 94.10 8.9
San Francisco, CA 73.3 68.5 7.0 125.73 111.46 12.8
Santa Fe, NM 59.0 58.6 .7 100.41 96.95 3.6
Scottsdale, AZ 85.5 83.2 2.8 170.83 169.99 .5
Seattle, WA 66.8 66.3 .8 102.60 97.84 4.9
Tuscon, AZ 81.8 82.8 -1.2 118.35 112.05 5.6
Waikiki, HI 84.7 87.1 -2.8 130.44 122.83 6.2

Subtotal

76.2 75.0 1.6 111.65 104.25 7.1

TOTAL CITIES*

72.6 72.3 .4 107.01 99.27 7.8

* Average property size: 220 Rooms

Source: PKF Consulting

For additional information contact Robert Mandelbaum at the firm:

PKF Consulting

425 California Street, Suite 1650

San Francisco, CA 94105

Phone (415)421-5378

email rmloaf@aol.com

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