S tate of the Hotel Market By Bruce H. Walker President.

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Presentation transcript:

S tate of the Hotel Market By Bruce H. Walker President

Accurate Tax-based Performance Data from All 4,650 Texas Hotels Representing 8% of the U.S.

First Quarter 2010 RESULTS RECESSION BOTTOMING NO SIGNIFICANT RECOVERY IN QUARTER FUTURE RECOVERY LIMITED BY FEDERAL POLICIES AND PROGRAMS

A GLIMMER OF HOPE

VOLUME AT LOWER PRICES Change In Room Revenues by Price (vs. year ago) Average Rate:Under $90$90 to $135$135+Total Year of %-9.4%-31.2%-15.0% 1st Quarter '106.5%1.3%-19.4%-2.9%

% CHANGE VS. YEAR AGO Room Rooms%$$ Qutr/YrSupplyRev $SoldOccPriceRPAR 1st ' nd rd th st ' nd rd th st '

FUTURE RECOVERY LIMITED Federal Stimuli Failed 20% Unemployment (including part-timers & ‘give-ups’) Deficits Rival Greece & Spain Looming Tax Increases: Income Tax, Inheritance Tax, ‘Fees’ No Effective Energy Production Policy

FUTURE RECOVERY LIMITED Nationalized Healthcare Cap & Trade Immigration ‘Reform’ Unaddressed Housing Crisis (Fannie/Freddie not addressed) Take over of Wall Street Insolvent States Ready to Lay Off Employees

WE HOPE WE’RE WRONG! IF NOVEMBER ELECTIONS STOP THE CURRENT FEDERAL DIRECTIONS, THE ECONOMY SHOULD RECOVER!