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Source: Smith Travel Research / Pinnacle Advisory Group ... Source: Smith Travel Research / Pinnacle Advisory Group. Year-to-date Average Rate ...
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Slide 1:New Hampshire Outlook
Pinnacle Advisory Group Pinnacle Realty Investments Rachel J. Roginsky, ISHC Matthew R. Arrants Pinnacle Advisory Group 76 Canal Street Boston, MA 02114 Telephone: 617-722-9916 Fax: 617-722-9917 rroginsky@pinnacle-advisory.com marrants@pinnacle-advisory.com
Slide 2:Total United StatesRoom Supply/Demand Percent Change12 Month Moving Average To August 2003
Source: Smith Travel Research
Slide 3:Total United StatesOccupancy / ADR Percent Change12 Month Moving Average To August 2003
Source: Smith Travel Research
Slide 4:Total United StatesOccupancy and ADR12 Month Moving Average To August 2003
Source: Smith Travel Research
Slide 5:Total U.S.Monthly OccupancyYear-Over-Year Aug 2001 – Aug 2003
Source: Smith Travel Research
Slide 6:Total U.S.Monthly ADRYear-Over-Year Aug 2001 – Aug 2003
Source: Smith Travel Research
Slide 7:Total U.S.Monthly RevParYear-Over-Year Aug 2001 – Aug 2003
Source: Smith Travel Research
Slide 8:Total U.S.Daily Occupancy*Sep 13 YTD 2000 - 2003
* Excluding Sunday
Slide 9:Total U.S.Average Daily Room Revenue (M)Sep 13 YTD 2000 - 2003
In Millions * Excluding Sunday
Slide 10:Total United StatesSupply/Demand Percent Change1998 – 2004P
Source: Smith Travel Research
Slide 11:Total United StatesOccupancy Percent1998 – 2004P
Source: Smith Travel Research
Slide 12:Total United StatesADR Percent Change1998 – 2004P
Source: Smith Travel Research
Slide 13:Total U.S.Estimated ADR ChangeImpact of 3rd Party Intermediaries
Slide 14:Total U.S.Estimated Lost Room Revenue3rd Party Intermediaries
In Millions
Slide 15:New England Lodging Market
Slide 16:New England Occupancy - 2002
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 17:New England Average Daily Rate – 2002
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 18:New England RevPAR – 2002
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 19:New England Change in Performance - 2002
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 20:New England Change in Performance – YTD August 2003
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 21:New Hampshire Lodging Market
Slide 22:Year-to-date Occupancy – August Major Markets vs. Statewide Average
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 23:Year-to-date Average Rate – August Major Markets vs. Statewide Average
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 24:Year-to-date RevPAR – August Major Markets vs. Statewide Average
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 25:Change In Performance by Market YTD Aug 2003
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 26:Portsmouth Lodging Market
Slide 27:Portsmouth Year To Date Occupancy (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 28:Portsmouth Year To Date Avg. Rate (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 29:Portsmouth Year To Date RevPAR (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 30:Portsmouth - Factors Affecting Market Performance
Lack of Scandals (Cabletron/Tyco) New Supply Wentworth 2 Hotels in Zoning Developer Interest Improving economy? Cautious Optimism
Slide 31:Nashua / Merrimack Lodging Market
Slide 32:Nashua / Merrimack Year To Date Occupancy (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 33:Nashua / Merrimack Year To Date Avg. Rate (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 34:Nashua / Merrimack Year To Date RevPAR (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 35:Nashua - Factors Affecting Market Performance
Improving Business Travel Increases in Group Demand No New Supply Cautious Optimism
Slide 36:Manchester Lodging Market
Slide 37:Manchester Year To Date Occupancy (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 38:Manchester Year To Date Avg. Rate (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 39:Manchester Year To Date RevPAR (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 40:Manchester - Factors Affecting Market Performance
New Supply New Supply New Supply
Slide 41:Manchester – New Supply
Springhill Suites – 3/02 Holiday Express – 3/03 Hampton Inn and Suites – 10/03 Homewood Suites – 10/03 Residence Inn - 2005? Hilton Garden Inn – 2005?
Slide 42:Concord Lodging Market
Slide 43:Concord Year To Date Occupancy (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 44:Concord Year To Date Avg. Rate (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 45:Concord Year To Date RevPAR (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
Slide 46:Concord - Factors Affecting Market Performance
No New Supply Changes at the Hampton Inn Bow Departure of Allegro Some Modest Growth
Slide 47:White Mountains and Lakes Region
Slide 48:White Mountains and Lakes Region – Market Performance
Rates are Up Occupancy is down Overall, markets are relatively flat but there are winners and losers Short Booking Window Shorter Lengths of Stay Outlook for corporate and tour groups looks good for 2004
Slide 49:Conclusion / Summary
Signs are positive for Most Markets Group Pace for 04 is ahead of 03 More Stable Geopolitical Situation Improving Economy Overall – Cautious Optimism
Slide 50:2004 Projections*
White Mountains and Lakes Region Occupancy up 3 Points Rates up 2 Percent Portsmouth Occupancy up 1 point Rates up 3 percent Nashua - Merrimack Occupancy up 2 points Rates up 2 percent Manchester Occupancy down 2 points Rates Flat Concord Occupancy up 2 points Rates up 2 percent *(Do not reflect impact of Primaries)
Slide 51:New Hampshire Outlook
Pinnacle Advisory Group Pinnacle Realty Investments Rachel J. Roginsky Matthew R. Arrants Pinnacle Advisory Group 76 Canal Street Boston, MA 02114 Telephone: 617-722-9916 Fax: 617-722-9917 rroginsky@pinnacle-advisory.com marrants@pinnacle-advisory.com