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Pinnacle Advisory Group
Rachel J. Roginsky, ISHC Matthew R. Arrants Pinnacle Advisory Group 76 Canal Street Boston, MA 02114 Telephone: Fax: New Hampshire Outlook Pinnacle Realty Investments Pinnacle Advisory Group
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Total United States Room Supply/Demand Percent Change 12 Month Moving Average To August 2003
Source: Smith Travel Research
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Total United States Occupancy / ADR Percent Change 12 Month Moving Average To August 2003
Source: Smith Travel Research
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Total United States Occupancy and ADR 12 Month Moving Average To August 2003
Source: Smith Travel Research
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Total U.S. Monthly Occupancy Year-Over-Year Aug 2001 – Aug 2003
Source: Smith Travel Research
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Total U.S. Monthly ADR Year-Over-Year Aug 2001 – Aug 2003
Source: Smith Travel Research
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Total U.S. Monthly RevPar Year-Over-Year Aug 2001 – Aug 2003
Source: Smith Travel Research
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Total U.S. Daily Occupancy* Sep 13 YTD 2000 - 2003
* Excluding Sunday
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Total U.S. Average Daily Room Revenue (M) Sep 13 YTD 2000 - 2003
In Millions * Excluding Sunday
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Total United States Supply/Demand Percent Change 1998 – 2004P
Source: Smith Travel Research
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Total United States Occupancy Percent 1998 – 2004P
Source: Smith Travel Research
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Total United States ADR Percent Change 1998 – 2004P
Source: Smith Travel Research
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Total U.S. Estimated ADR Change Impact of 3rd Party Intermediaries
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Total U.S. Estimated Lost Room Revenue 3rd Party Intermediaries
In Millions
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New England Lodging Market
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New England Occupancy - 2002
Source: Smith Travel Research / Pinnacle Advisory Group
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New England Average Daily Rate – 2002
Source: Smith Travel Research / Pinnacle Advisory Group
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New England RevPAR – 2002 Source: Smith Travel Research / Pinnacle Advisory Group
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New England Change in Performance - 2002
Source: Smith Travel Research / Pinnacle Advisory Group
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New England Change in Performance – YTD August 2003
Source: Smith Travel Research / Pinnacle Advisory Group
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New Hampshire Lodging Market
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Year-to-date Occupancy – August Major Markets vs. Statewide Average
Source: Smith Travel Research / Pinnacle Advisory Group
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Year-to-date Average Rate – August Major Markets vs. Statewide Average
Source: Smith Travel Research / Pinnacle Advisory Group
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Year-to-date RevPAR – August Major Markets vs. Statewide Average
Source: Smith Travel Research / Pinnacle Advisory Group
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Change In Performance by Market YTD Aug 2003
Source: Smith Travel Research / Pinnacle Advisory Group
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Portsmouth Lodging Market
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Portsmouth Year To Date Occupancy (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
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Portsmouth Year To Date Avg. Rate (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
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Portsmouth Year To Date RevPAR (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
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Portsmouth - Factors Affecting Market Performance
Lack of Scandals (Cabletron/Tyco) New Supply Wentworth 2 Hotels in Zoning Developer Interest Improving economy? Cautious Optimism
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Nashua / Merrimack Lodging Market
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Nashua / Merrimack Year To Date Occupancy (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
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Nashua / Merrimack Year To Date Avg. Rate (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
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Nashua / Merrimack Year To Date RevPAR (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
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Nashua - Factors Affecting Market Performance
Improving Business Travel Increases in Group Demand No New Supply Cautious Optimism
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Manchester Lodging Market
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Manchester Year To Date Occupancy (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
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Manchester Year To Date Avg. Rate (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
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Manchester Year To Date RevPAR (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
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Manchester - Factors Affecting Market Performance
New Supply
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Manchester – New Supply
Springhill Suites – 3/02 Holiday Express – 3/03 Hampton Inn and Suites – 10/03 Homewood Suites – 10/03 Residence Inn ? Hilton Garden Inn – 2005?
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Concord Lodging Market
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Concord Year To Date Occupancy (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
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Concord Year To Date Avg. Rate (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
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Concord Year To Date RevPAR (Aug)
Source: Smith Travel Research / Pinnacle Advisory Group
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Concord - Factors Affecting Market Performance
No New Supply Changes at the Hampton Inn Bow Departure of Allegro Some Modest Growth
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White Mountains and Lakes Region
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White Mountains and Lakes Region – Market Performance
Rates are Up Occupancy is down Overall, markets are relatively flat but there are winners and losers Short Booking Window Shorter Lengths of Stay Outlook for corporate and tour groups looks good for 2004
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Conclusion / Summary Signs are positive for Most Markets
Group Pace for 04 is ahead of 03 More Stable Geopolitical Situation Improving Economy Overall – Cautious Optimism
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*(Do not reflect impact of Primaries)
2004 Projections* White Mountains and Lakes Region Occupancy up 3 Points Rates up 2 Percent Portsmouth Occupancy up 1 point Rates up 3 percent Nashua - Merrimack Occupancy up 2 points Rates up 2 percent Manchester Occupancy down 2 points Rates Flat Concord *(Do not reflect impact of Primaries)
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Pinnacle Advisory Group
Rachel J. Roginsky Matthew R. Arrants Pinnacle Advisory Group 76 Canal Street Boston, MA 02114 Telephone: Fax: New Hampshire Outlook Pinnacle Realty Investments Pinnacle Advisory Group
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