US Hotel Industry SWOT Analysis PDF
Preview US Hotel Industry SWOT Analysis
W R I ELCOME EMARKS AND NTRODUCTION Cliff Risman Partner, Gardere Wynne Sewell LLP 10 Y S – DHC C EARS TRONG ONTINUES TO G B B ! ET IGGER AND ETTER Attendance 700 600 500 400 300 200 100 0 2005 2006 2007 2009 2010 2011 2012 2013 2014 2015* *Based on pre-registration M U ARKET PDATE Dan Lesser President and CEO, LW Hospitality Advisors LLC U.S. Lodging Industry Offensive or Defensive Game Plan? 2015 Dallas Hotel Conference Presented by: Daniel Lesser, President & CEO LW Hospitality Advisors 570 Seventh Avenue, Suite 805 New York, NY 10018 USA (212) 300-6684 X101 [email protected] www.lwhospitalityadvisors.com October 21, 2015 Random Dan Lesser Thoughts • If you bought between ‘09 and ‘11 consider selling now • Hotels are fundamentally long term hold assets • Off market does not equal below market • Be vigilantly aware of new supply • Brand overload • A hotel company should merge with Airbnb LW Hospitality Advisors | Page 2 Random Dan Lesser Thoughts LW Hospitality Advisors | Page 3 U.S. Hotel Industry Macro Overview 1/1/2009 1/1/2011 11/1/2012 10/1/2015 Expanding Expanding Economy Contracting Expanding (Slowly) (Modestly) Increasing Increasing Jobs Declining Declining (Slowly) (Modestly) Consumer Spending Declining Expanding Increasing Increasing Increased Business Spending Declining Expanding Accelerating (Now Stagnant) Supply Growth Accelerating Stabilized Muted Accelerating Continued Room Night Demand Declining Growing Record Levels Record Levels U.S. Hotel Projected Projected 2008 2009 2010 2011 2012 2013 2014 Performance 2015 2016 Supply ▲ 2.6% ▲ 3.2% ▲ 2.0% ▲ 0.6% ▲ 0.5% ▲ 0.7% ▲ 0.9% ▲ 1.2% ▲ 1.4% Demand ▼ 1.9% ▼ 5.8% ▲ 7.8% ▲ 5.0% ▲ 3.0% ▲ 2.2% ▲ 4.5% ▲ 2.9% ▲ 2.2% Occupancy ▼ 4.4% ▼ 8.7% ▲ 5.7% ▲ 4.4% ▲ 2.5% ▲ 1.5% ▲ 3.6% ▲ 1.7% ▲ 0.8% ADR ▲ 2.7% ▼ 8.8% ▼ 0.1% ▲ 3.7% ▲ 4.2% ▲ 3.9% ▲ 4.6% ▲ 5.1% ▲ 5.2% RevPAR ▼ 1.8% ▼16.7% ▲ 5.5% ▲ 8.2% ▲ 6.8% ▲ 5.4% ▲ 8.3% ▲ 6.8% ▲ 6.0% Source: (Data Only) STR, Inc. LW Hospitality Advisors | Page 4 U.S. Hotel Industry SWOT Analysis- Strengths Few economists believe the U.S. is near recession LW Hospitality Advisors | Page 5 U.S. Hotel Industry SWOT Analysis- Strengths The industry is in a ‘Goldilocks’ equilibrium LW Hospitality Advisors | Page 6
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