|
Occupancy |
Average Daily Rate |
Revenue Per Available
Room |
Supply & Demand |
|
1st Quarter
1999 |
1st Quarter 1998 |
Percent Change |
1st Quarter
1999 |
1st Quarter 1998 |
Percent Change |
1st Quarter
1999 |
1st Quarter 1998 |
Percent Change |
Percent Change in Supply |
Percent Change in Demand |
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Total Arizona |
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|
AZ - all markets |
68.2% |
69.4% |
-1.7% |
$104.58 |
$105.06 |
-0.5% |
$71.32 |
$72.91 |
-2.2% |
7.3% |
5.5% |
AZ - excluding Phoenix
& Tucson |
52.5% |
52.2% |
0.6% |
$56.13 |
$54.93 |
2.2% |
$29.47 |
$28.67 |
2.8% |
2.8% |
3.4% |
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Submarket |
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Phoenix |
75.6% |
78.4% |
-3.6% |
$124.48 |
$126.65 |
-1.7% |
$94.11 |
$99.29 |
-5.2% |
11.2% |
7.3% |
Tucson |
76.2% |
77.3% |
-1.4% |
$107.32 |
$107.11 |
0.2% |
$81.78 |
$82.80 |
-1.2% |
3.9% |
2.5% |
Flagstaff |
45.5% |
47.0% |
-3.2% |
$45.88 |
$47.19 |
-2.8% |
$20.88 |
$22.18 |
-5.9% |
1.0% |
-2.2% |
Northeast Arizona |
40.0% |
43.1% |
-7.2% |
$44.60 |
$46.19 |
-3.4% |
$17.84 |
$19.91 |
-10.4% |
4.1% |
-3.5% |
Northern Arizona |
33.4% |
30.7% |
8.8% |
$54.17 |
$47.97 |
12.9% |
$18.09 |
$14.73 |
22.9% |
3.6% |
12.6% |
Western Arizona |
64.1% |
65.5% |
-2.1% |
$51.21 |
$49.92 |
2.6% |
$32.83 |
$32.70 |
0.4% |
-0.5% |
-2.6% |
Central Arizona1 |
61.8% |
57.6% |
7.3% |
$73.80 |
$74.93 |
-1.5% |
$45.61 |
$43.16 |
5.7% |
6.7% |
14.6% |
Southeast Arizona2 |
65.0% |
66.2% |
-1.8% |
$52.21 |
$51.77 |
0.8% |
$33.94 |
$34.27 |
-1.0% |
2.5% |
0.6% |
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Price Segment3 |
|
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|
|
Upscale |
47.2% |
46.9% |
0.6% |
$77.94 |
$76.93 |
1.3% |
$36.79 |
$36.08 |
2.0% |
2.9% |
3.7% |
Mid-Price |
56.1% |
59.0% |
-4.9% |
$49.68 |
$50.59 |
-1.8% |
$27.87 |
$29.85 |
-6.6% |
6.3% |
1.1% |
Economy |
47.8% |
47.5% |
0.6% |
$37.87 |
$37.66 |
0.6% |
$18.10 |
$17.89 |
1.2% |
0.0% |
0.6% |
Budget |
57.9% |
56.8% |
1.9% |
$34.00 |
$32.03 |
6.2% |
$19.69 |
$18.19 |
8.2% |
-0.7% |
1.1% |
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Resorts4 |
68.2% |
69.4% |
-1.7% |
$104.58 |
$105.06 |
-0.5% |
$71.32 |
$72.91 |
-2.2% |
7.3% |
5.5% |
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1Does
not include Phoenix. |
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2Does
not include Tucson. |
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3Does
not include Phoenix and Tucson. |
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4Includes
Phoenix and Tucson only. |
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Source:
Smith Travel Research |
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Metropolitan
Phoenix
|
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Lodging
Market Performance
|
|
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|
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|
First Quarter 1999
|
|
|
|
|
Occupancy |
Average Daily Rate |
Revenue Per Available
Room |
Supply & Demand |
|
1st Quarter
1999 |
1st Quarter 1998 |
Percent Change |
1st Quarter
1999 |
1st Quarter 1998 |
Percent Change |
1st Quarter
1999 |
1st Quarter 1998 |
Percent Change |
Percent Change in Supply |
Percent Change in Demand |
|
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|
Total Metro Phoenix |
75.6% |
78.4% |
-3.6% |
$124.48 |
$126.65 |
-1.7% |
$94.11 |
$99.29 |
-5.2% |
11.2% |
7.3% |
|
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|
Submarkets |
|
|
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|
Phoenix West |
71.5% |
77.0% |
-7.1% |
$80.46 |
$84.38 |
-4.6% |
$57.53 |
$64.97 |
-11.5% |
14.5% |
6.3% |
Phoenix East |
76.4% |
75.7% |
0.9% |
$157.55 |
$155.93 |
1.0% |
$120.37 |
$118.04 |
2.0% |
7.5% |
8.5% |
Scottsdale |
78.0% |
81.0% |
-3.7% |
$180.31 |
$182.97 |
-1.5% |
$140.64 |
$148.21 |
-5.1% |
9.2% |
5.2% |
Tempe |
76.8% |
81.7% |
-6.0% |
$100.01 |
$102.26 |
-2.2% |
$76.81 |
$83.55 |
-8.1% |
18.2% |
11.1% |
Phoenix Airport |
75.7% |
78.0% |
-2.9% |
$93.53 |
$89.91 |
4.0% |
$70.80 |
$70.13 |
1.0% |
9.9% |
6.7% |
Mesa / Chandler |
76.5% |
76.8% |
-0.4% |
$82.60 |
$87.21 |
-5.3% |
$63.19 |
$66.98 |
-5.7% |
9.6% |
9.2% |
|
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Price Segments |
|
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|
Luxury |
79.6% |
81.0% |
-1.7% |
$214.68 |
$213.33 |
0.6% |
$170.89 |
$172.80 |
-1.1% |
6.2% |
4.4% |
Upscale |
75.1% |
78.7% |
-4.6% |
$115.47 |
$116.73 |
-1.1% |
$86.72 |
$91.87 |
-5.6% |
9.1% |
4.2% |
Mid-Price |
71.6% |
76.4% |
-6.3% |
$86.50 |
$88.36 |
-2.1% |
$61.93 |
$67.51 |
-8.3% |
21.9% |
14.2% |
Economy |
73.7% |
77.7% |
-5.1% |
$66.34 |
$70.50 |
-5.9% |
$48.89 |
$54.78 |
-10.7% |
12.1% |
6.4% |
Budget |
76.2% |
77.0% |
-1.0% |
$47.66 |
$48.43 |
-1.6% |
$36.32 |
$37.29 |
-2.6% |
8.3% |
7.3% |
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Resorts |
|
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|
All Resorts |
79.5% |
80.1% |
-0.7% |
$238.72 |
$234.81 |
1.7% |
$189.78 |
$188.08 |
0.9% |
1.1% |
0.4% |
Luxury Resorts |
82.0% |
80.0% |
2.5% |
$313.77 |
$312.38 |
0.4% |
$257.29 |
$249.90 |
3.0% |
0.2% |
2.8% |
Upscale & Mid-Price
Resorts |
78.0% |
80.1% |
-2.6% |
$190.46 |
$186.64 |
2.0% |
$148.56 |
$149.50 |
-0.6% |
1.6% |
-1.1% |
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Metropolitan
Tucson |
|
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|
|
Lodging
Market Performance |
|
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|
|
|
First
Quarter 1999 |
|
|
|
|
Occupancy |
Average Daily Rate |
Revenue Per Available
Room |
Supply & Demand |
|
1st Quarter
1999 |
1st Quarter 1998 |
Percent Change |
1st Quarter
1999 |
1st Quarter 1998 |
Percent Change |
1st Quarter
1999 |
1st Quarter 1998 |
Percent Change |
Percent Change in Supply |
Percent Change in Demand |
|
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|
Total Metro Tucson |
76.2% |
77.3% |
-1.4% |
$107.32 |
$107.11 |
0.2% |
$81.78 |
$82.80 |
-1.2% |
3.9% |
2.5% |
|
|
|
|
|
|
|
|
|
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|
|
Submarkets |
|
|
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|
Central Tucson |
66.2% |
67.1% |
-1.3% |
$90.23 |
$84.23 |
7.1% |
$59.73 |
$56.52 |
5.7% |
4.0% |
2.5% |
Tucson So. / Airport |
77.5% |
79.3% |
-2.3% |
$66.88 |
$68.07 |
-1.7% |
$51.83 |
$53.98 |
-4.0% |
8.5% |
6.0% |
Tucson North / West |
74.8% |
78.6% |
-4.8% |
$127.55 |
$125.96 |
1.3% |
$95.41 |
$99.00 |
-3.6% |
3.8% |
-1.2% |
Tucson East |
82.3% |
80.1% |
2.7% |
$134.81 |
$135.53 |
-0.5% |
$110.95 |
$108.56 |
2.2% |
0.0% |
2.7% |
|
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|
|
Price Segments |
|
|
|
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|
|
|
Luxury |
77.3% |
79.0% |
-2.2% |
$216.31 |
$213.49 |
1.3% |
$167.21 |
$168.66 |
-0.9% |
0.0% |
-2.1% |
Upscale |
81.7% |
81.8% |
-0.1% |
$105.47 |
$106.15 |
-0.6% |
$86.17 |
$86.83 |
-0.8% |
7.1% |
6.9% |
Mid-Price |
74.5% |
74.2% |
0.4% |
$80.35 |
$77.87 |
3.2% |
$59.86 |
$57.78 |
3.6% |
0.0% |
0.4% |
Economy |
73.0% |
79.1% |
-7.7% |
$63.57 |
$62.25 |
2.1% |
$46.41 |
$49.24 |
-5.8% |
11.0% |
2.5% |
Budget |
72.5% |
72.7% |
-0.3% |
$43.28 |
$44.95 |
-3.7% |
$31.38 |
$32.68 |
-4.0% |
4.2% |
3.9% |
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|
Resorts |
|
|
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|
|
|
|
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|
|
|
Luxury and Upscale Resorts |
79.2% |
80.0% |
-1.0% |
$222.47 |
$220.82 |
0.7% |
$176.20 |
$176.66 |
-0.3% |
0.0% |
-1.0% |
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Source:
Smith Travel Research |
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