hotel waterpark resorts industry outlook & trends 2006 jeff coy bill haralson
TRANSCRIPT
Hotel Waterpark ResortsIndustry Outlook & Trends
2006
Jeff CoyBill Haralson
Hotel Waterpark Resort Industry Report 2006
• USA Hotel Industry Performance
• USA Resort Performance
• Growth of Hotel Waterpark Resorts• What’s open, under construction, in
development
• Profiles of Hotel Waterpark Resorts• By rooms, size of waterpark and meeting space
USA Lodging Outlook
2006 2005 2004 2003
Occ 65.2% 64.3% 62.7% 60.8%
ADR $96.81 $90.59 $86.55 $83.60
RevPAR $63.10 $58.28 $54.25 $50.87
USA Lodging Outlook
• Hotel room revenues, supply & demand all showing positive growth over last year.
• Room Revenue up 8.3% over last year.
• Summer 2006 even with Summer 2005.
• Industry surpasses benchmark 2000.
• Resorts had highest occupancies and average rates compared to other types of lodging.
Hotel Performance Ytd Aug
2006
OCC
2005
OCC
%
Chg
2006
ADR
2005
ADR
%
Chg
USA 65.2 64.3 1.4 96.81 90.59 6.8
Florida 70.2 72.7 -3.4 112.59 103.13 9.2
Arizona 68.7 67.6 1.6 99.47 91.75 8.5
California 71.3 70.5 1.1 111.02 102.20 8.2
Nevada 73.5 72.5 1.0 104.13 103.18 0.7
Hawaii 82.1 82.9 -0.7 187.20 166.20 12.9
Wisconsin 56.5 55.8 1.6 76.17 72.66 4.7
Minnesota 61.7 61.8 -0.2 84.11 79.31 6.0
Smith Travel Research
Hotel Performance Ytd Aug
2006
OCC
2005
OCC
%
Chg
2006
ADR
2005
ADR
%
Chg
USA 65.2 64.3 1.4 96.81 90.59 6.8
Anaheim 75.4 76.1 -0.9 112.77 103.03 9.6
Boston 67.6 64.7 4.5 138.20 125.82 9.8
Chicago 67.6 63.9 5.8 117.35 105.38 11.4
New York 81.5 82.2 -0.9 214.26 190.71 12.3
Oahu 85.1 85.9 -0.9 156.11 137.15 13.8
Orlando 72.6 74.8 -2.9 101.84 92.76 9.8
Phoenix 70.0 68.7 1.9 114.08 104.01 9.7
Wisconsin Dells Hotel Performance
Hotels Occ
RmNts
ADR Room
Rev
Mix
With IWPs
18 834,590 $120.24 $100.3m 81%
WO IWPs
44 377,871 $61.20 $23.1m 19%
Total 62 1,212,461 $101.84 $123.4m 100%
USA Competitive Supply
These 141 hotels with indoor waterparks are located in the following states:
2006 2005 2004 2003 2002
47 36 32 28 25 Wisconsin
21 20 15 14 10 Minnesota
9 6 5 3 2 Michigan
8 4 2 1 1 Ohio
6 4 3 3 3 South Dakota
5 4 3 2 2 North Dakota
4 3 2 1 1 Iowa
4 3 2 2 0 Pennsylvania
4 2 1 0 0 Washington
4 1 0 0 0 Illinois
141 104 76 61 48 Totals
Hotel Waterpark ResortGrowth Trends
2006 2005 2004 2003
Hotels IWP 141 108 76 61
Rooms 24,009 18,385 12,470 10,132
IWP SF 3,485,109 2,418,669 1,645,069 1,313,769
Mtg Rms 430 399 373 352
Mtg Sq Ft 1,244,435 982,935 780,585 679,435
Branded 75 58 34 26
Independ 66 50 42 35
Top 10 Largest Hotel Waterpark Resorts in the USA
Name Location Rooms Indoor WP
Wilderness Hotel Wisconsin Dells WI 593 161,000
Kalahari Resort Wisconsin Dells WI 738 125,000
Scott’s Splash Lagoon Erie PA 270 102,000
Great Wolf Lodge Pocono Mtns PA 401 90,000
Sheraton Resort & WP Danvers MA 367 85,000
Kalahari Resort Sandusky OH 596 80,000
Chula Vista Expans P1 Wisconsin Dells WI 377 80,000
Great Wolf Kings Island Cincinnati OH 401 78,000
Waterpark of America Bloomington MN 403 70,000
Schlitterbahn Galveston TX 0* 70,000
Top 10 -20 Largest Hotel Waterpark Resorts in the USA
Name Location Rooms Indoor WP
Treasurer Island Wisconsin Dells WI 302 65,000
Wilderness Glacier WWD Wisconsin Dells WI 224 65,000
Great Wolf Lodge Williamsburg VA 301 64,000
Fort Rapids Holiday Inn Columbus OH 301 60,000
Avalanche Bay at Boyne Boyne Falls MI 220 58,000
H2Oasis Indoor WP Anchorage AK 0* 56,000
Holiday Inn & Splash Dundee MI 176 53,000
Lodge at Cedar Creek Wausau WI 140 50,000
Double JJ Ranch & WP Rothbury MI 50* 50,000
USA Competitive Supply
• In addition to the Top 20, there are 121 other hotel waterpark resorts and hotels with indoor waterparks in the USA.
Profile of Hotel Waterparksby Number of Rooms
Avg#
Rooms
Indoor
WP
Avg#
Slides
Avg#
Pools
Avg#
Spas
Mtg
Space
Avg#
Mtg Rms
Top 5 657 86,448 5.6 2.3 1.8 70,766 51.0
Top
6-15
362 58,700 7.5 4.3 2.2 18,055 3.5
Top
16-25
282 41,220 5.0 3.0 2.0 9,009 5.0
Top
26-50
211 28,930 3.6 2.6 1.4 30,900 11.9
Top
51-100
128 16,058 2.4 2.1 1.2 7,008 5.0
Ratio of Rooms to Waterpark
Hotels with
Indoor WP
#
Hotels
Avg #
Rooms
Indoor WP
Avg SF
Indoor WP
SF Per Room
Over 50,000 sf 19 298 76,947 293
40-49,999 sf 8 217 42,280 195
30-39,999 sf 20 218 33,038 143
20-29,999 sf 17 192 22,882 154
10-19,999 sf 25 109 12,558 108
5-9,999 sf 29 118 6,548 70
Under 5,000 sf 21 122 2,557 21
Top 10 Hotel Meeting Facilities with indoor waterparks in the USA
Name Location Rooms Meeting Space
Indoor
Waterpark
Kalahari Resort Wisc Dells WI 738 125,000 125,000
Grand Harbor Resort Dubuque IA 194 120,000 25,000
Kalahari Resort Sandusky OH 596 80.000 80,000
BW Ramkota Hotel Sioux Falls SD 226 60,000 3,000
Sheraton Resort WP Danvers MA 367 50,000 85,000
Timber Ridge Lodge Lake Geneva WI 225 50,000 30,000
Grand Prairie Hotel Hutchinson KS 218 50,000 20,000
Double JJ Ranch Rothbury MI 50* 50,000 50,000
Great Wolf Kings Isl Cincinnati OH 401 40,000 78,000
Chula Vista Resort Wisc Dells WI 300 40,000 30,000
Chula Vista Exp P1 Wisc Dells WI 377 30,000 80,000
Under Construction USAHotel Waterpark Resort Projects
2007F 2006F 2005 2004 2003 2002 2001
Start of Year 141 108 81 65 50 41 32
Openings 37 33 27 16 15 9 8
End of Year 178 141 108 81 65 50 41
% Change 30.6 33.3 24.6 30.0 22.0 28.1
Under Const 70 52 32 9 10 9
In Development 99 121 69 46 19
2006 Openings/ExpansionsName ST Rooms IWP
Jan BW Edgewater Resort Duluth MN 30,000
Jan Holiday Inn Kearney* NE 163 4,000
Feb Great Escapes Resort Lake George NY 200 38,000
Mar Lake Lawn P1 Conversion WI 222
Apr Ramada Big Splash Auburn WA 150 7,000
Apr Holiday Inn Elmhurst IL 214 25,000
May Great Wolf Expansion Wisc Dells WI 38,000
May GL & Waterpark of America Blmtn MN 403 70,000
May Fort Rapids Holiday Inn Columbus OH 338 60,000
May Mt Olympus Water Theme Park WI 387
May Ramada Casino Resort Anacortes WA 135 14,000
Under ConstructionOpening in 2006
Name ST Rooms IWP
Jun Schlitterbahn I-OWP Galveston TX 428* 70,000
Jul Wilderness Glacier Lodge WDome WI 224 65,000
Jul Comfort Suites Thumper Pond MN 78 12,000
Aug Chula Vista Expans P1 WI 377 80,000
Sep Sheraton Resort Danvers MA 367 85,000
Sep Holiday Inn & Splash Dundee MI 76 53,000
Sep Ramada DFW & Big Splash TX 70
Oct Great Wolf at Kings Island Cincinn OH 401 78,000
Oct Ron Jon Indoor Surfpark Orlando FL 0
Oct Splash Universe Shipshewana IN 154 25,000
Under ConstructionOpening in 2006
Name ST Rooms IWP
Oct Great Wolf Addition Williamsburg VA 100
Nov Regency Hotel & Waterpark Omaha NE 219 25,000
Nov BW Clock Tower Rockford IL 252 40,000
Nov Jellystone RV Park & IWP Tomah WI 0 48,000
Dec Sheraton Chicago NW IL 429 46,240
Dec Lakeview RV Resort Canyon Lake TX 29* 7,200
Dec Arrowwood Resort Lake Okoboji IA 100 18,000
Dec Bridges Bay Resort Lake Okoboji IA 144 19,800
Dec Holiday Inn & WP Dome Maumee OH 106 22,00
Dec Hotel Waterpark Resort Ligonier PA 97 28,000
Under ConstructionOpening in 2006
Name ST Rooms IWP
Dec Cherry Valley Lodge & IWP Newark OH 200 45,000
Dec Double JJ Ranch & IWP Rothbury MI 50* 50,000
33 Openings in 2006
UC/Opening in 2007
Name ST Rooms IWP
Interlaken Resort Lake Geneva WI
Grand Casino Resort Tunica IA
Indoor Waterpark in Waverly IN
Split Rock Galleria Lake Harmony PA
Randall’s Island Aquatic Center NY
Lodge at Storm Lake IA
Canad Inns Splashers Grand Forks ND
Great Wolf Lodge Centralia WA
Holiday Inn Eagle Ridge GRapids MN
Days Inn Great Adventure Bellevue NE
UC/Opening in 2007
Name ST Rooms IWP
Big Horn Resort Billings MT
Lodge at Northern Bay Golf Resort WI
Greek Peak Ski Resort Syracuse NY
Kelly Inn West Yellowstone MT
BW Aberdeen SD
Deadwood Mountain Resort SD
BW Ramkota Hotel Casper WY
Bridges Bay Resort Spirit Lake IA
Hotel Condos & IWP Woodinville IN
KeyLime Cove Resort Gurnee IL
UC/Opening in 2007
Name ST Rooms IWP
Wilderness Resort P1 Sevierville TN
Wilderness Resort P2 Sevierville TN
Radisson Resort IWP Albuquerque NM
Grand Cambrian Resort WiscDells WI
Paradise Bay Resort Fishers IN
Great Wolf Lodge Grapevine TX
Executive Inn & IWP Owensboro KY
Great Wolf Additions Traverse City MI
Upper Skagit Hotel & WP Bow WA
Wyndham Garden Condo IWP Kent WA
River Bluff Resort McGregor IA
In Development USA
• 99 hotel waterpark projects are in the planning stages compared to 121, 69, 46 and 19 in prior years.
• MN, MI, WI, IL, PA and IN are leading the way in planned projects.
For more info, contact:
Jeff Coy
JLC Hospitality Consulting
PO Box 4090
Cave Creek, AZ 85327
480-488-3382
www.jeffcoy.com
Bill Haralson
William L. Haralson & Associates
PO 1036
Alto, NM 88312
505-802-1522
www.wlha-inc.com
