MP1 calculations

MP1 calculations - Leisure Demand 154,767 154767 156314...

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Part 2. Projected Demand 2008 2009 2010 2011 Business Demand Group Demand Leisure Demand Total Demand Total Supply Occupancy
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Table 1 Existing Supply and Demand     Market Demand Hotel Rooms Total Supply Occ. % Business  Group Leisure Holiday Inn 181 66246 78% 51672 18085 18085 15502 Statler Hotel 153 55998 89% 49838 24919 7476 17443 Ramada Inn 121 44286 75% 33215 8304 11625 13286 Hilton Garden Inn 104 38064 83% 31593 26854 3159 1580 Clarion Hotel 106 38796 71% 27545 6886 9641 11018 Marriott Courtyard 106 38796 81% 31425 26711 0 4714 Best Western 101 36966 87% 32160 14472 8040 9648 Hampton Inn 66 24156 72% 17392 6087 3478 7827 Homewood Suites 91 33306 76% 25313 15188 1266 8859 Econolodge 72 26352 69% 18183 4546 2727 10910 Comfort Inn 79 28914 61% 17638 6173 882 10583 Country Inn 58 13398 66% 8843 3979 884 3979 LaTourelle 54 19764 74% 14625 2194 1463 10969 Others 155 56730 59% 33471 3347 1674 28450 Totals 1447 521772 75.3% 392912 167745 70400 154767 Demand  (Occupied)
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Table 2 Projected Guestroom Demand by Market Segment (2008-2011) 2008 2009 2010 2011 Business Deman 167,745 162713 164340 167627 Group Demand 70,400 66176 66838 67506
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Unformatted text preview: Leisure Demand 154,767 154767 156314 160222 Total Demand 392,912 383656 387492 395355 Total Supply 521,772 528155 528155 560075 Occupancy 75.3% 72.6% 73.4% 70.6% Table 3 Market Penetration (2011) ………. ..……….…. ..Proposed Hotel…………………….… Fair Share % Penetration % Business 167627 5.70% 9553 110% 10509 Group 67506 5.70% 3847 85% 3270 Leisure 160222 5.70% 9131 105% 9588 395355 22532 104% 23367 Proposed hotel's occupancy in 2011: 73.21% My Hotel Roomnights: 31920 Total Roomnights: 560,075 Total Demand Fair Share Demand Expected Demand Enter report name here Enter report comment here f30195c612cf130725f6fd6eba9b2cc00d7fc95e.xlsb7 Date Customer Number Memo Billed Total Billed Mailed Enter report name here Enter report comment here f30195c612cf130725f6fd6eba9b2cc00d7fc95e.xlsb7 Posted n...
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This note was uploaded on 10/09/2009 for the course H ADM 243 taught by Professor Rkwortnik during the Spring '06 term at Cornell.

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MP1 calculations - Leisure Demand 154,767 154767 156314...

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