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Due to increased national competition 2012 is

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Unformatted text preview: ociation of Neurological Surgeons. Due to increased national competition, 2012 is currently off pace for convention bookings by approximately 15%, year-over-year. New convention center and hotel supply in Denver’s key competitive set decreased the overall demand in 2012 and 2013. Due to the 2009 and 2010 sluggish economy, meeting planners have become more cautious in their future bookings, and they are also taking advantage of booking opportunities in first tier cities, which, up until the recession, were limited and expensive. Denver continued to win accolades in 2011, selected as the best convention city in the world by COLORADO LODGING AND HOSPITALITY COLORADO LODGInG AnD HOSPITALITy FORECASTS FORECASTS Occupancy 2011 Average Daily Rate Denver Metro Area Downtown Airport/East West North South Subtotal Percentage Change 71% 64% 61% 65% 66% 66% 5.2% $146.50 79.50 81.25 83.00 82.50 100.34 4.0% $104.67 51.02 49.86 54.36 54.51 66.49 9.5% 72% 65% 62% 66% 67% 67% 0.6% $156.02 82.28 82.06 85.49 85.39 104.83 4.5% Total Colorado Spring...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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