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A CURRENT PERSPECTIVE ON THE REVITALIZATION OF HOSPITALITY AND TOURISM IN NEW ORLEANS

A CURRENT PERSPECTIVE ON THE REVITALIZATION OF HOSPITALITY AND TOURISM IN NEW ORLEANS. Airport Capacity (Seats per day) Monthly Average. 05 PreK 05 PostK 07_ Jan. - May 08 20,676 4,757 14,033 16,058 (78% of PreK) January 08: 15,440

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A CURRENT PERSPECTIVE ON THE REVITALIZATION OF HOSPITALITY AND TOURISM IN NEW ORLEANS

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  1. A CURRENT PERSPECTIVE ON THE REVITALIZATION OF HOSPITALITY AND TOURISM IN NEW ORLEANS

  2. Airport Capacity (Seats per day)Monthly Average 05 PreK05 PostK 07_ Jan. - May 08 20,676 4,757 14,033 16,058 (78% of PreK) January 08: 15,440 February 08: 15,889 March 08: 16,258 April 08: 16,258 May 08: 16,447

  3. Deplanements (Monthly Average) 05 PreK05 PostK 07__Jan. - April 08 429,580 110,092 313,899 350,529 (82% of PreK) January 08: 330,871 February 08: 328,275 March 08: 385,698 April 08: 357,273

  4. Convention Room Nights(Monthly Average) 05 PreK05 PostK 07 Current (May 08) 128,255 32,531 82,290 105,716 (82.43%of PreK) January 08: 90,206 February 08: 95,082 March 08: 158,841 April 08: 87,965 May 08: 96,485

  5. Jobs in Leisure and Hospitality PreK October 07 April 08__ 85, 760 42,200 (Worst) 67,800 Current jobs equate to 79% of PreK level

  6. Jobs in Food Service and Drinking Places PreK__ October 05___April 08 55,980 24,400 (Worst) 45,100 Current jobs equate to 81% of PreK level

  7. Jobs in Accommodations PreK___ November 05__April 08 15,510 8,600 (Worst) 11,100 Current jobs equate to 72% of PreK level

  8. Gaming Casino 2008 YTD_% of PreK Boomtown $14,387,787 140.69% Treasure Chest $10,049,480 105.40% Harrah’s $35,439,843 122.02%

  9. Hotel Room Supply PreK September 05__April 08 38,525 11,876 (lowest) 33,498 Hotel room supply is 87% of PreK level

  10. Monthly Hotel Occupancy Rate (%) PreK05 Post K 06 07__08-(Apr) 72.96 64.81 64.24 62.68 74.73 January 08: 70.0% February 08: 71.6% March 08: 80.8% April 08: 76.5%

  11. Hotel rooms reported as out of orderfollowing Katrina # Out of OrderFeb07Aug07Mar08 0 69% 93% 100% 1-19 8% 7% 0% 20-49 15% 0% 0% 50+ 8% 0% 0%

  12. Visitor Mix - Share of Room Nights Sold

  13. Restaurants Currently 1,355 foodservice establishments are open in New Orleans (72% of the 1,882 pre-Katrina)

  14. Some Perspective on New Orleans as the Driver of Tourism in Louisiana 7.1 million visitors to New Orleans in 2007 New Orleans visitors spent $4.8 billion in 2007

  15. The Attraction of New Orleans • Visitors to New Orleans stay on average 4 days as compared to 2 days on average in other locations across the state • 44.9% of business visitors extend their stay in New Orleans • On average, those business visitors extending their stay will extend it by 2 days

  16. A shifting business paradigm?

  17. The Price of Oil Year endingPrice per barrel ($) 05 59.40 06 61.96 07 91.69 6/18/08 132.53

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