1 / 44

17 Predictions on the Future of Resort Development

17 Predictions on the Future of Resort Development. Jeff Coy JLC Hospitality Consulting. 17 Predictions on Future of Resort Development. Americans traveling aboard will start to increase. US Airlines will continue to lose share of total passenger miles traveled.

analu
Download Presentation

17 Predictions on the Future of Resort Development

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 17 Predictions on the Future of Resort Development Jeff Coy JLC Hospitality Consulting

  2. 17 Predictions on Future ofResort Development • Americans traveling aboard will start to increase. • US Airlines will continue to lose share of total passenger miles traveled. • Regional drive-to resorts will attract more guests than national fly-to resorts. • Business travel will become more an elective and less a requirement. • More Americans will telecommute. • Mixing business & leisure 24/7 will lead to greater stress.

  3. 17 Predictions on Future ofResort Development • Never disconnecting will cause greater stress. • Lodging, recreation & entertainment concepts will continue to merge. • Resorts will become more like theme parks. • Resorts will grow faster than other types of lodging. • More resorts will become part of mixed-use developments. • Future resorts will focus more on guest participation and interaction.

  4. 17 Predictions on Future ofResort Development 13. Theme parks & resorts will use more simulators to create virtual reality. 14. Resorts will increasingly become a teacher. 15. Seasonal resorts will become year round operations. 16. Resorts will build more indoor recreation facilities. 17. Resorts will increasingly incorporate water into their designs.

  5. 17 Predictions on Future ofResort Development • Americans traveling abroad will start to increase. • Down for 3 years following 9/11 • Up 15% in 2004 • To avoid criticism, danger, many stay home. • Boost in domestic tourism next few years. • Core values changed: “togethering” at resorts closer to home.

  6. 17 Predictions on Future ofResort Development • US Airlines will continue to lose share of total passenger miles traveled. • Decade ending 2003, air travel down 4.7%. • Business travel: electronic face to face. • Leisure travel: “I’ll fly if I have to.” • Airport hassels, airline service low. • Americans will fly less and drive more.

  7. 17 Predictions on Future ofResort Development • Regional drive-to resorts will attract more guests than national fly-to resorts. • Decade ending 2003, auto travel up 12.4%. • Americans “togethering” closer to home. • Getaway with 8-10 extended family & friends. • Fear of flying, avoiding hassels, threats. • More and more families will drive 200 miles and pay $200 for a suite at a regional resort with waterpark, family entertainment center.

  8. 17 Predictions on Future ofResort Development • Business travel will become more an elective and less a requirement. • In decade ending 2003, business & convention travel fell 15%. • Travel no longer required for business. • During same period, leisure travel rose 16%. • Leisure travelers and families remain the backbone of hotel & travel industry.

  9. 17 Predictions on Future ofResort Development • Americans will become more time impoverished. • More people work from home, telecommute. • However, our workday is now 1-hour longer. • Cells phones have reduced weekends, taken away Saturdays and nights out. • Workweek now averages over 48 hours. • 76% of Americans now seek relief • 2X adults look forward to spa vacation.

  10. 17 Predictions on Future ofResort Development • Mixing business & leisure 24/7 will lead to greater stress. • People working at home and in virtual offices will experience more problems with priorities. • Opportunity for spas, resorts to help people reduce stress.

  11. 17 Predictions on Future ofResort Development • Never disconnecting will cause greater stress. • Always in touch gives sense of control. • But takes toll on physical and mental health. • Greater stress causes relationships to suffer and productivity to decline. • When is it time to rest, relax and re-create? • Resorts can be part of the solution.

  12. 17 Predictions on Future ofResort Development • Lodging, recreation & entertainment concepts will continue to merge. • Rise in mixed-use resort developments • Components: lodging, restaurants, retail plazas, offices, nightclubs, movie theaters, fitness centers, health spas, recreation centers, sports facilities, entertainment centers, waterparks, surfparks and whitewater river courses

  13. 17 Predictions on Future ofResort Development Get ready for surfparks: • 9-12’ waves • Outdoor surfparks • Indoor surfparks

  14. 17 Predictions on Future ofResort Development Get ready for whitewater riverparks: • Natural river enhancements • Whitewater river stadiums • Sydney • Athens • Beijing

  15. 17 Predictions on Future ofResort Development Get ready for whitewater riverparks: • US National Whitewater Center in Charlotte • Whitewater Parks & Resorts • Outdoor • Indoor

  16. 17 Predictions on Future ofResort Development • Resorts will become more like theme parks. • New resorts will showcase regional pride, culture and geography. • Meeting planners will call on resort managers to program both time and space. • Provide settings for business, learning, participation, play and entertainment. • Smart resorts will move from providing space to providing an experience.

  17. 17 Predictions on Future ofResort Development • Resorts will become more like theme parks.

  18. 17 Predictions on Future ofResort Development • Resorts will grow faster than other types of lodging. • In last few years, resorts have run highest occupancies among lodging types. • Resorts definitely run the highest average room rates compared to other lodging. • Families & friends “togethering” closer to home creating demand for resorts.

  19. 17 Predictions on Future ofResort Development • More resorts will become part of mixed used developments. • Themed resorts and large scale attractions being designed into regional shopping complexes, amusement parks, convention centers, riverfronts, downtown revitalization projects and vacation home communities. • Bloomington, Minneapolis, Milwaukee, Dubuque, Reno, Birmingham, Syracuse.

  20. 17 Predictions on Future ofResort Development • More resorts will become part of mixed used developments.

  21. 17 Predictions on Future ofResort Development • Future resorts will focus more on guest participation and interaction. • Adventure sports is going mainstream. • Rise in Adventure Parks & Resorts • Treetop rope courses • Climbing walls • Activity pools • Surfing • Kayaking and rafting

  22. 17 Predictions on Future ofResort Development 12. Future resorts will focus more on guest participation and interaction.

  23. 17 Predictions on Future ofResort Development 12. Future resorts will focus more on guest participation and interaction.

  24. 17 Predictions on Future ofResort Development • Future resorts will focus more on guest participation and interaction.

  25. 17 Predictions on Future ofResort Development • Resorts will use more simulators and indoor facilities to create outdoor reality. • Technology can duplicate any natural experience or special effect. • Reaching back country to find whitewater takes time and money vs a simulated whitewater rafting trip close to home. • Simulators are flexible; indoor facilities are conveniently close-by.

  26. 17 Predictions on Future ofResort Development • Resorts will use more simulators and indoor facilities to create outdoor reality.

  27. 17 Predictions on Future ofResort Development • Resorts will increasingly become a teacher. • Traditionally, resorts provide a place to meet and play. • Emergence of resort conference center. • In the future, resorts will introduce visitors to region, help them interpret history, environment and values.

  28. 17 Predictions on Future ofResort Development • Seasonal resorts will become year round operations. • Traditionally, resorts highly seasonal. • Revenues 100 days, expenses 365. • Profits dependent upon weather. • In the future, resorts will design facilities to each season and capture year round revenues.

  29. 17 Predictions on Future ofResort Development • Resorts will build more and more indoor recreation facilities. • Every outdoor sporting activity will have an indoor version. • Golfing, snow skiing, snowboarding, skateboarding, surfboarding, kayaking, rafting, swimming, hiking, biking and rock-climbing. • During inclement weather while on vacation, indoor recreation facilities will save the day for the guest and preserve the revenue for the operator.

  30. 17 Predictions on Future ofResort Development • Resorts will build more and more indoor recreation facilities. Using new structures & enclosures

  31. 17 Predictions on Future ofResort Development • Resorts will increasingly incorporate water into their designs. • Landscaping, water feature, water activity for theme parks, shopping malls and residential resorts. • Aquariums with acrylic tunnels. • Underwater casinos • Outdoor waterparks adding indoor waterparks. • Hotels enclosing outdoor pools, raising the roof for slide towers, adding play equipment. • Indoor-outdoor versions of surfparks. • Indoor-outdoor versions of whitewater river parks. • All included in a mixed-use resort development.

  32. 17 Predictions on Future ofResort Development • Resorts will increasingly incorporate water into their designs.

  33. Hotel Waterpark ResortResearch & Consulting

More Related