hotel waterpark resort industry report 2005 worldwide jeff coy bill haralson paco caudet roger...
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Hotel Waterpark Resort Industry Report 2005
WorldwideJeff Coy
Bill HaralsonPaco CaudetRoger Currie
Hotel Waterpark Resort Industry Report 2005
• USA Lodging Continues Upward Trend• USA Hotel Waterpark Resort Supply• USA 23 New Hotel Waterpark Resorts Open• USA Top 20 Largest Hotel Waterpark Resorts• USA Top 10 Largest Meeting Facilities with IWPs• USA 52 Under Construction & 121 In Development• Canada• Mexico & Caribbean • Rest of the World
USA Lodging Outlook
2005 2004 2003 2002
Occ 64.3% 62.7% 60.8% 61.2%
ADR $90.59 $86.55 $83.60 $84.01
RevPAR $58.28 $54.25 $50.87 $51.45
USA Lodging Outlook
• Hotel room revenues, supply & demand all showing positive growth over last year.
• Room Revenue up 8.1% over last year.
• Summer 2005 better than Summer 2004.
• Industry near pre-9/11 levels of Year 2000.
• Resorts did better than last year and better than other types of lodging.
Hotel Performance Ytd Aug
2005
OCC
2004
OCC
%
Chg
2005
ADR
2004
ADR
%
Chg
USA 64.3 62.7 2.6 90.59 86.36 4.9
Florida 72.7 70.1 3.7 103.13 95.12 8.4
Arizona 67.6 64.6 4.6 91.75 85.61 7.2
California 70.5 68.2 3.4 102.20 96.73 5.7
Nevada 72.5 72.7 -0.3 103.18 105.04 -1.8
Hawaii 82.9 79.7 4.0 166.20 153.84 8.0
Wisconsin 55.8 55.7 0.2 72.66 70.40 3.2
Minnesota 61.8 60.5 2.1 79.31 74.77 6.1
Smith Travel Research
Hotel Performance Ytd Aug
2005
OCC
2004
OCC
%
Chg
2005
ADR
2004
ADR
%
Chg
USA 64.3 62.7 2.6 90.59 86.36 4.9
Anaheim 76.1 71.9 5.8 103.03 96.57 6.7
Boston 64.7 63.9 1.3 125.51 121.11 3.6
Chicago 63.9 61.8 3.4 105.23 99.28 6.0
New York 82.2 79.3 3.7 189.92 170.42 11.4
Oahu 86.2 80.6 6.9 137.08 122.81 11.6
Orlando 74.8 72.7 2.9 92.70 87.57 5.9
Phoenix 68.7 65.3 5.2 103.80 97.18 6.8
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%
Wisconsin DellsHaves vs Have-Nots
Hotels 2001
Rev Mix
2002
Rev Mix
2003
Rev Mix
With IWPs
18 75% 77% 81%
WO IWPs
44 25% 23% 19%
Total 62 100% 100% 100%
USA Competitive Supply
• These 104 hotels indoor waterparks are located in the following states:
2005 2004 2003 2002
35 32 28 25 Wisconsin
20 15 14 10 Minnesota
7 5 3 2 Michigan
4 3 3 3 South Dakota
4 3 2 2 North Dakota
2 2 2 1 Montana
4 2 1 1 Ohio
3 2 1 1 Iowa
104 76 61 48 Totals
Hotel Waterpark ResortGrowth Trends
2005 2004 2003 2002
Hotels IWP
104 76 61 48
Rooms 17,574 12,470 10,132 8,193
IWP SF 2,377,269 1,645,069 1,313,769 989,904
Mtg Rms 397 373 352 322
Mtg Sq Ft 935,935 780,585 679,435 626,955
Branded 44 34 26 20
Independ 60 42 35 28
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
Mtn Grand Avalanche Boyne Falls MI 220 83,000
Treasure Island Wisconsin Dells WI 302 65,000
Great Wolf Lodge Williamsburg VA 301 64,000
H2Oasis Anchorage AK 0* 56,000
Lodge at Cedar Creek Wausau WI 140 50,000
Grand Rios Brooklyn Park MN 224 46,000
Great Wolf Lodge Wisconsin Dells WI 309 44,000
Top 10 -20 Largest Hotel Waterpark Resorts in the USA
Name Location Rooms Indoor WP
Massanutten Resort McGaheysville VA 0* 42,000
Blue Harbor Resort Sheboygan WI 183 40,000
Country Springs Hotel Waukesha WI 187 40,000
7 Clans Casino Hotel Thief River Falls MN 151 40,000
Great Wolf Lodge Traverse City MI 281 38,000
Great Wolf Lodge Kansas City KS 281 38,000
Castaway Bay Resort Sandusky OH 237 38,000
Polynesian Resort Wisconsin Dells WI 230 38,000
Arrowwood Resort CC Alexandria MN 200 38,000
Great Escapes Hotel Lake George NY 200 38,000
USA Competitive Supply
• In addition to the Top 20, there are 84 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 5 651 95,200 6.8 2.0 1.6 43,760 20.4
Top
6-15
308 38,200 5.3 3.3 1.8 8,856 3.1
Top
16-25
245 31,697 4.0 2.5 1.6 19,371 6.8
Top
26-50
173 22,476 2.8 2.3 1.0 12,082 4.3
Top
51-75
88 12,118 1.8 1.7 1.0 2,656 1.8
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 10 354 87,600 247
40-49,999 sf 6 175 42,000 240
30-39,999 sf 16 235 33,298 142
20-29,999 sf 13 226 21,615 95
10-19,999 sf 23 107 12,215 114
5-9,999 sf 23 114 6,534 57
Under 5,000 sf 13 97 2,430 25
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
Grand Prairie Hotel Hutchinson KS 218 50,000 30,000
Timber Ridge Lodge Lake Geneva WI 225 50,000 30,000
Chula Vista Resort Wisc Dells WI 300 40,000 30,000
Hilton City Center Milwaukee WI 730* 30,000 20,000
Arrowood Resort CC Alexandria MN 200 28,000 38,000
Ramada Plaza Fargo ND 185 25,000 10,000
Profile of Hotel Waterparksby Size of Meeting Facilities
Avg#
Rooms
Indoor
WP
Avg#
Slides
Avg#
Pools
Avg#
Spas
Mtg
Space
Avg#
Mtg Rms
Top 5 396 52,600 4.4 2.3 1.8 87,000 43.7
Top
6-10
231 25,600 3.5 2.3 1.0 34,600 15.3
Top
11-15
230 24,954 2.0 3.0 2.4 18,781 10.5
Under Construction USAHotel Waterpark Resort Projects
2006F 2005F 2004F 2003 2002 2001 2000
Start of Year 104 81 65 50 41 32 18
Openings 37 23 16 15 9 8 14
End of Year 141 104 81 65 50 41 32
% Change 35.6 28.4 24.6 30.0 22.0 28.1
Under Const 52 32 9 10 9 8
In Development 121 69 46 19
Under Construction USAHotel Waterpark Resort Rooms
2006F 2005F 2004F 2003 2002 2001 2000
Start of Year 17,574 13,851 11,464 8,510 7,452 5,487 3,545
Openings 6,330 3,723 2,387 2,954 1,058 1,965 1,942
End of Year 23,904 17,574 13,851 11,464 8,510 7,452 5,487
% Change 36.0 26.9 20.8 34.7 14.2 35.8
Under Const 9,038 4,432 1,144 1,366 1,058 1,704
In Development 26,747 15,864 13,268 4,630
Recent Openings/ExpansionsName ST Rooms IWP
Jan Holiday Inn Conversion Gr Forks ND 142 7,000
Jan BW Grand Season Waupaca WI 90
Mar Great Wolf Lodge Williamsburg VA 301 64,000
April Grand Bear Lodge Utica IL 92 24,000
May Kalahari Resort Sandusky OH 596 80,000
May Mtn Grand & Avalanche Bay Boyne MI 220 83,000
May Interlaken Resort Lake Geneva WI 414 50,000
May Country Springs Hotel Waukesha WI 187 40,000
May Holiday Inn Express & IWP Hayden ID 96 25,000
May Holiday Inn Express & IWP Milw MI 115 6,000
May Bridgewood Conf & Aquatic Ctr WI 95 5,500
Recent Openings/Expansions
Name ST Rooms IWP
May Nickelodean Suites & OWP Orlando FL
Jun Zehnders Splash Village Frankmth MI 152 30,000
Jun Holiday Inn Suites Baxter MN 98 18,000
Jul Massanutten Resort McGaheysville VA 42,000
Jul Hotel Condos & IWP Ocean Shores WA 60 8,000
Jul Comfort Inn & Splash Bellville OH 100 6,500
Aug HI & Wild Woods WP Otsego MN 125 30,000
Aug Lodge & Paul Bunyan WP Baxter MN 102 30,000
UC/Opening in 2005
Name ST Rooms IWP
Oct Great Wolf Lodge Pocono Mtns PA 401 90,000
Oct BW Edgewater IWP Add Duluth MN 282 23,000
Nov BW Pzzazz IWP, FEC, OWP Burlgtn IA 151 20,000
Nov Thumper Pond Golf Resort Exp MN 78 11,000
Dec Great Escapes Resort Lake George NY 200 38,000
Dec Hotel Condos & IWP Auburn IN 150
Total 23 Openings in 2005
UC/Opening in 2006
Name ST Rooms IWP
Jan Holiday Inn & IWP East Columbus OH 338 58,000
Mar Canad Inn Destination Ctr Gr Forks ND 192 40,000
Mar Big Horn Resort & IWP Billings MT 250 35,000
Mar Lake Lawn P1 Condo Exp Delavan WI 222
Apr Grand Lodge Waterpark of America MN 403 70,000
Apr Great Wolf WP Exp Wisc Dells WI 44,000
May Mt Olympus I-OWP & Lodging WI 387
Jun Chula Vista Resort Expansion WI 166 80,000
Jun Hotel Splash Universe Shipshewana IN 153 30,000
Jun HI Express Splash Universe Dundee MI 150 30,000
UC/Opening in 2006
Name ST Rooms IWP
Jun HI Holidone Conversion Elmhurst IL 250 25,000
Aug River Bluff Resort IWP McGregor IA 345 49,000
Sep Randalls Island Indoor Aquatic Ctr NY 133,000
Sep Sheraton Resort Exp Danvers MA 367 60,000
Sep Hotel Waterpark Resort Belvedere NY 100 30,000
Sep RonJon Surfpark Festival Orlando WI
Oct Great Wolf Lodge Kings Island Cin OH 404 78,000
Oct Great Wolf Expansion Williamsburg VA 100
Nov Jellystone Exp OWP, IWP, Hotel WI 48,000
Nov Sheraton Chicago NW Add IWP IL 429 46,240
UC/Opening in 2006
Name ST Rooms IWP
Nov Hotel Waterpark Resort Wausau WI 125 57,000
Dec Double J Ranch Add IWP Rothbury MI 50 50,000
Dec Holiday Inn Suites & IWP Maple Gr MN 150 25,000
Dec Hawthorn Golf Exp IWP Wadsworth IL 80 25,000
Dec Northern Bay Golf Resort & IWP WI 20,000
Dec Hotel Condos & IWP Kent IN 150
Dec Scotts Hotels & Splash Lagoon Exp PA
Total 26 Planned Openings in 2006
In Development USA
• 121 hotel waterpark projects are in the planning stages compared to 69 last year and 46 and 19 in prior years.
• MN, WI, IL, MI & IN are leading the way in planned projects.
• 26,747 rooms and 4.6 million sf of IWPs are in the pipeline in 30 states.
Bill & Jeff Go to Canada
Canadian Competitive Supply
• We have identified 108 hotel indoor waterparks, typically smaller properties averaging 3200 sf of indoor waterpark.
2005 2004 2003 2002
41 41 38 35 Alberta
22 22 20 19 Saskatchewan
15 15 13 11 British Columbia
10 11 9 6 Manitoba
11 9 9 7 Ontario
6 6 6 2 Quebec
2 2 2 1 Prince Edw Isl
3 2 2 1 Nova Scotia
110 108 99 82 Totals
Canadian Competitive Supply
• Often, these are hotels that have enhanced their indoor swimming pools with the addition of play structures and waterslides with minimal theming.
• In Canada, the largest concentration of hotel indoor waterparks is in the Economy Hotel sector with an average of 69 rooms and 2,917 sf of indoor waterpark.
Major Canadian Hotel Waterparks
• Fantasyland Hotel with 355 rooms at West Edmonton Mall’s 217,000 sf World Waterpark.
• Ameri-Cana Resort Niagara Falls ON with 160 rooms and 19,100 sf indoor waterpark.
• Travelodge World Hotel in Ottawa with 177 rooms and 13,000 sf indoor waterpark.
• Ramada Lethbridge AB with 119 rooms and 13,000 sf indoor waterpark.
• BW Jurassic Inn in Drumheller AB with 49 rooms and 6,200 sf indoor waterpark.
• 10 other have 4,000 to 6,000 sf IWPs.
Recent Openings In Canada
• Travelodge World Hotel in Ottawa added a 13,000 sf indoor waterpark.
• BW Jurassic Inn in Drumheller AB.
• Others include: Edmonton AB, High Level AB, Fort Nelson BC, Fort St John BC, Portage La Prairie MB and Moose Jaw SK.
Under Construction in Canada
• Great Wolf Lodge expected to open in 2006 with 404 rooms, 90,000 sf indoor waterpark and 115,000 sf Ripley’s Aquarium.
In Development Canada
• 9 hotel waterpark projects are in the planning stages:– 3 in Alberta– 2 in Ontario– 2 in British Columbia– 1 in New Brunswick– 1 in Saskatchewan
Mexican Competitive Supply
• We have identified 11 properties in Mexico that have a combination of hotel rooms, indoor waterparks and outdoor waterparks.
• We are in the process of surveying owners to build a profile.
Rest of the World Supply
Name Location Rooms IWP SF
Kerzner’s Atlantis Dubai UAE 1000
Jumeirah Beach Dubai UAE 619
Hotel El Paso Port Aventura Spain 500
Hotel Aventura Port Aventura Spain 500
Esperos Palace Faliraki Rhodes Greece 416
Dedeman Hotel Istanbul Turkey 346
Alton Towers Staffordshire UK 216 40,000
Yong in Farmland Seoul South Korea 200 38,000
Amipura Resort Gujaret India 81
In Development Rest of World
Centre Parks Paris Northeast France
Waterpark Wodny IWP Lodz Poland
Waterpark Wodny IWP Warschau Poland
Suzanne Mela’s IWP Berlin-Postdam Germany
Ogmio Astra IWP Vilnius Lithuania
Outdoor WaterparkIndustry Report 2005
Bill Haralson
Waterpark Industry Fun Facts
• 1,000+ waterparks in North America• About 600 waterparks in Rest of World• 72 million attendees in North America• 70 million attendees in the USA• 3% average attendance growth last 5 yrs• Wet ‘N Wild Orlando was first waterpark• Kalahari Resort Wisconsin Dells is biggest• Hotel waterpark resorts and city-owned
waterparks are fastest-growing segments
Best Waterparks in the USAAccording to the Travel Channel 2004
1 Schlitterbahn TX
2 Disney’s Blizzard Beach FL
3 Raging Waters CA
4 Water Country VA
5 Splish Splash NY
6 Soak City CA
7 Water World CO
8 Six Flags White Water GA
9 Wet ‘N Wild Las Vegas
10 Noah’s Ark WI