State
of Arizona |
Lodging
Market Performance |
Year
End 1998 |
|
Occpancy Percent |
Average Room Rate |
Percent Change in Room |
|
1998 |
1997 |
% Chg |
1998 |
1997 |
% Chg |
Sales |
Supply |
Demand |
|
|
|
|
|
|
|
|
|
|
Total Arizona
|
61.9 |
64.8 |
(4.5) |
$
84.93 |
$
83.93 |
1.2 |
3.5 |
7.1 |
2.3 |
|
|
|
|
|
|
|
|
|
|
By Submarket
|
|
|
|
|
|
|
|
|
|
Flagstaff |
60.7 |
62.1 |
(2.3) |
$
55.03 |
$
54.02 |
1.9 |
4.5 |
5.0 |
2.6 |
Northern Arizona |
53.0 |
55.1 |
(3.8) |
$
65.16 |
$
66.45 |
(1.9) |
(2.8) |
3.2 |
(0.8) |
Western Arizona |
55.1 |
59.3 |
(7.1) |
$
48.28 |
$
47.86 |
0.9 |
(5.5) |
0.8 |
(6.3) |
Central Arizona (1) |
59.4 |
60.0 |
(1.0) |
$
78.81 |
$
78.91 |
(0.1) |
1.6 |
2.8 |
1.7 |
Southeast Arizona |
57.9 |
57.3 |
1.0 |
$
51.04 |
$
49.97 |
2.1 |
6.8 |
3.5 |
4.6 |
|
|
|
|
|
|
|
|
|
|
By Rate and Type (1)
|
|
|
|
|
|
|
|
|
|
Luxury |
INSUF |
INSUF |
INSUF |
INSUF |
INSUF |
INSUF |
INSUF |
INSUF |
INSUF |
Upscale |
59.6 |
60.5 |
(1.5) |
$
90.46 |
$
90.71 |
(0.3) |
0.6 |
2.4 |
0.9 |
Mid-Price |
58.5 |
61.0 |
(4.1) |
$
55.67 |
$
55.15 |
0.9 |
1.7 |
5.1 |
0.7 |
Economy |
56.3 |
57.5 |
(2.1) |
$
45.48 |
$
44.45 |
2.3 |
2.9 |
2.7 |
0.5 |
Budget |
53.1 |
52.9 |
0.4 |
$
33.58 |
$
32.60 |
3.0 |
2.9 |
(0.5) |
(0.1) |
|
|
|
|
|
|
|
|
|
|
By Size (1)
|
|
|
|
|
|
|
|
|
|
Under 75 rooms |
58.8 |
59.1 |
(0.5) |
$
54.52 |
$
54.53 |
- |
2.0 |
2.3 |
2.0 |
75-149 rooms |
55.9 |
56.9 |
(1.8) |
$
58.11 |
$
57.32 |
1.4 |
3.7 |
4.1 |
2.3 |
150-299 rooms |
59.7 |
61.4 |
(2.8) |
$
74.95 |
$
72.96 |
2.7 |
0.6 |
0.6 |
(2.1) |
300-500 rooms |
INSUF |
INSUF |
INSUF |
INSUF |
INSUF |
INSUF |
INSUF |
INSUF |
INSUF |
|
|
|
|
|
|
|
|
|
|
|
(1) Non-Metro
Areas |
|
|
|
|
|
Source: Smith
Data Travel Reseach |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Metropolitan
Phoenix |
Lodging
Market Performance |
Year
End 1998 |
|
|
|
|
|
|
|
|
|
|
|
Occpancy Percent |
Average Room Rate |
Percent Change in Room |
|
1998 |
1997 |
% Chg |
1998 |
1997 |
% Chg |
Sales |
Supply |
Demand |
|
|
|
|
|
|
|
|
|
|
Metro Phoenix Total
|
64.7 |
69.1 |
(6.4) |
$
99.14 |
$
98.63 |
0.5 |
4.7 |
11.2 |
4.2 |
|
|
|
|
|
|
|
|
|
|
By Submarket
|
|
|
|
|
|
|
|
|
|
Phoenix West |
62.0 |
67.1 |
(7.6) |
$
66.13 |
$
66.60 |
(0.7) |
5.7 |
15.2 |
6.4 |
Phoenix East |
64.7 |
67.3 |
(3.9) |
$123.42 |
$120.64 |
2.3 |
5.1 |
6.9 |
2.8 |
Scottsdale |
68.3 |
71.7 |
(4.7) |
$139.26 |
$138.62 |
0.5 |
4.4 |
9.1 |
4.0 |
Tempe |
65.9 |
75.5 |
(12.7) |
$
80.24 |
$
77.29 |
3.8 |
5.9 |
16.8 |
2.0 |
Phoenix Airport |
70.1 |
68.5 |
2.3 |
$
74.30 |
$
74.95 |
(0.9) |
2.4 |
1.0 |
3.3 |
Mesa / Chandler |
57.8 |
64.9 |
(10.9) |
$
68.99 |
$
69.92 |
(1.3) |
4.0 |
18.2 |
5.4 |
|
|
|
|
|
|
|
|
|
|
By Rate and Type
|
|
|
|
|
|
|
|
|
|
Luxury |
70.3 |
72.1 |
(2.5) |
$180.63 |
$173.40 |
4.2 |
2.1 |
0.6 |
(1.9) |
Upscale |
69.6 |
73.3 |
(5.0) |
$108.74 |
$107.05 |
1.6 |
0.9 |
4.5 |
(0.7) |
Mid-Price |
61.0 |
65.9 |
(7.4) |
$
77.71 |
$
77.83 |
(0.2) |
14.0 |
23.3 |
14.1 |
Economy |
60.6 |
64.4 |
(5.9) |
$
59.90 |
$
61.04 |
(1.9) |
8.0 |
16.9 |
10.0 |
Budget |
62.6 |
69.3 |
(9.7) |
$
44.85 |
$
42.48 |
5.6 |
6.9 |
12.1 |
1.3 |
|
|
|
|
|
|
|
|
|
|
By Size
|
|
|
|
|
|
|
|
|
|
Under 75 rooms |
56.9 |
65.2 |
(12.7) |
$
60.38 |
$
66.36 |
(9.0) |
(10.6) |
12.7 |
(1.7) |
75-149 rooms |
62.0 |
67.8 |
(8.6) |
$
67.04 |
$
66.62 |
0.6 |
19.2 |
29.6 |
18.4 |
150-299 rooms |
65.2 |
68.9 |
(5.4) |
$
93.98 |
$
92.11 |
2.0 |
(0.1) |
3.4 |
(2.1) |
300-500 rooms |
71.0 |
73.3 |
(3.1) |
$143.98 |
$138.73 |
3.8 |
1.0 |
0.3 |
(2.7) |
Over 500 rooms |
68.9 |
70.2 |
(1.9) |
$180.94 |
$173.18 |
4.5 |
2.6 |
- |
(1.8) |
|
|
|
|
|
|
|
|
|
|
|
Source: Smith
Data Travel Reseach |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Metropolitan
Tucson |
Lodging
Market Performance |
Year
End 1998 |
|
|
|
|
|
|
|
|
|
|
|
Occpancy Percent |
Average Room Rate |
Percent Change in Room |
|
1998 |
1997 |
% Chg |
1998 |
1997 |
% Chg |
Sales |
Supply |
Demand |
|
|
|
|
|
|
|
|
|
|
Metro Tucson Total
|
63.5 |
65.0 |
(2.3) |
$
85.50 |
$
84.08 |
1.7 |
3.4 |
4.1 |
1.7 |
|
|
|
|
|
|
|
|
|
|
By Submarket
|
|
|
|
|
|
|
|
|
|
Central Tucson |
53.2 |
51.6 |
3.1 |
$
70.86 |
$
67.83 |
4.5 |
10.5 |
2.6 |
5.8 |
Tucson South/Airport |
62.0 |
64.5 |
(3.9) |
$
56.14 |
$
55.03 |
2.0 |
5.0 |
7.1 |
3.0 |
Tucson North/West |
64.4 |
69.2 |
(6.9) |
$
98.88 |
$
95.20 |
3.9 |
1.8 |
5.3 |
(1.9) |
Tucson East |
70.2 |
69.6 |
0.9 |
$104.32 |
$104.47 |
(0.1) |
2.0 |
1.3 |
2.2 |
|
|
|
|
|
|
|
|
|
|
By Rate and Type
|
|
|
|
|
|
|
|
|
|
Luxury |
69.7 |
71.6 |
(2.7) |
$148.70 |
$143.59 |
3.6 |
3.2 |
2.4 |
(0.4) |
Upscale |
68.2 |
68.4 |
(0.3) |
$
80.14 |
$
79.80 |
0.4 |
4.7 |
4.5 |
4.3 |
Mid-Price |
61.7 |
63.1 |
(2.2) |
$
62.44 |
$
62.39 |
0.1 |
6.2 |
8.5 |
6.2 |
Economy |
57.0 |
54.9 |
3.8 |
$
52.78 |
$
52.09 |
1.3 |
9.0 |
3.6 |
7.5 |
Budget |
58.3 |
63.6 |
(8.3) |
$
39.58 |
$
39.24 |
0.9 |
(7.2) |
0.3 |
(8.0) |
|
|
|
|
|
|
|
|
|
|
By Size
|
|
|
|
|
|
|
|
|
|
Under 75 rooms |
58.7 |
59.6 |
(1.5) |
$
69.39 |
$
70.07 |
(1.0) |
5.1 |
7.8 |
6.2 |
75-149 rooms |
64.1 |
65.8 |
(2.6) |
$
56.32 |
$
56.26 |
0.1 |
5.3 |
8.1 |
5.2 |
150-299 rooms |
61.6 |
63.0 |
(2.2) |
$
81.02 |
$
79.43 |
2.0 |
0.4 |
0.7 |
(1.5) |
300-500 rooms |
66.7 |
66.9 |
(0.3) |
$130.04 |
$128.10 |
1.5 |
1.2 |
- |
(0.3) |
|
|
|
|
|
|
|
|
|
|
|
Source: Smith
Data Travel Reseach |
|
|
|
|