charts - 165,607 167,263 169,772 Group 63,317 62,367 62,991...

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Rooms Total Supply Available Occ. % Total Demand Occupied Business Group Leisure Holiday Inn 181 66,065 71% 46,906 18,762 16,417 11,727 Statler Hotel 153 55,845 81% 45,234 24,879 6,785 13,570 Ramada Inn 121 44,165 72% 31,799 11,130 11,130 9,540 Hampton Inn 66 24,090 68% 16,381 5,733 2,457 8,191 Clarion Hotel 106 38,690 69% 26,696 9,344 5,339 12,013 Marriott courtyard 106 38,690 74% 28,631 21,473 1,432 5,726 Hilton garden Inn 104 37,960 82% 31,127 23,345 3,113 4,669 Best Western 101 36,865 86% 31,704 17,437 6,341 7,926 Homewood Suites 91 33,215 79% 26,240 9,184 2,624 14,432 Country Inn 58 21,170 64% 13,549 4,742 2,710 6,097 Comfort Inn 79 28,835 62% 17,878 6,257 894 10,727 Econolodge 72 26,280 69% 18,133 6,347 1,813 9,973 La Tourelle 54 19,710 63% 12,417 3,725 621 8,071 Others 155 56,575 58% 32,814 4,922 1,641 26,251 Totals 1447 528,155 71.9% 379,509 167,280 63,317 148,913 Table 1. Existing Demand by Hotel (2009) Market Demand 2009 2010 2011 2012 Business 167,280
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Unformatted text preview: 165,607 167,263 169,772 Group 63,317 62,367 62,991 63,621 Leisure 148,914 148,169 150,392 152,648 Total Demand 379,509 376,141 380,646 386,041 Total Supply 528,155 528,155 554,345 576,009 Occupany Percent 71.9% 71.2% 68.7% 67.0% Table 2. Project Guestroom Demand by Market Segment (2009-2012) C o r n e l l I D # 2 1 4 0 5 1 0 P a g e | 1 Total Demand Fair Share Percentage Fair Share Demand Penetration Percentage Expected Demand Business 169,772 2.34% 3,973 75% 2,979 Group 63,621 2.34% 1,489 115% 1,712 Leisure 152,648 2.34% 3,572 135% 4,822 Total 386,041 2.34% 9,034 105% 9,513 Proposed Hotel's Occupancy 70.6% Table 3. Market Penetration (2012) C o r n e l l I D # 2 1 4 0 5 1 0 P a g e | 2...
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charts - 165,607 167,263 169,772 Group 63,317 62,367 62,991...

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