Sheraton Hotel Redding At Sundial Bridge - Redding Record ...
Sheraton Hotel Redding At Sundial Bridge - Redding Record ...
Sheraton Hotel Redding At Sundial Bridge - Redding Record ...
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FIGURE 6-1 HISTORICAL SUPPLY AND DEMAND TRENDS<br />
Year<br />
Average Daily<br />
Room Count<br />
Available Room<br />
Nights Change<br />
Occupied Room<br />
Nights Change Occupancy<br />
Average<br />
Rate Change RevPAR Change<br />
1999 825 299,172 — 188,782 — 63.1 % $69.24 — $43.69 —<br />
2000 825 301,125 0.7 % 187,002 (0.9) % 62.1 72.96 5.4 % 45.31 3.7 %<br />
2001 825 301,125 0.0 200,737 7.3 66.7 76.85 5.3 51.23 13.1<br />
2002 825 301,125 0.0 215,180 7.2 71.5 79.47 3.4 56.79 10.9<br />
2003 846 308,628 2.5 206,982 (3.8) 67.1 81.79 2.9 54.85 (3.4)<br />
2004 948 346,020 12.1 223,735 8.1 64.7 83.65 2.3 54.09 (1.4)<br />
2005 948 346,020 0.0 232,395 3.9 67.2 88.63 6.0 59.53 10.1<br />
2006 1,021 372,740 7.7 245,610 5.7 65.9 91.59 3.3 60.35 1.4<br />
2007 1,028 375,220 0.7 250,613 2.0 66.8 95.79 4.6 63.98 6.0<br />
2008 1,028 375,220 0.0 250,957 0.1 66.9 102.60 7.1 68.62 7.3<br />
2009 1,028 375,220 0.0 235,636 (6.1) 62.8 96.84 (5.6) 60.82 (11.4)<br />
2010 1,076 392,860 4.7 255,066 8.2 64.9 97.36 0.5 63.21 3.9<br />
Average Annual Compounded<br />
Cha nge: 1999-2010<br />
<strong>Hotel</strong>s Included in Sample<br />
2.5 % 2.8 % 3.1 % 3.4 %<br />
Oxford Suites 140 Jun-90 Jun 1990<br />
Hilton Garden Inn <strong>Redding</strong> 93 Nov-03 Nov 2003<br />
Hampton Inn Suites <strong>Redding</strong> 80 Feb-06 Feb 2006<br />
La Quinta Inn & Suites <strong>Redding</strong> 141 Jan-09 Jun 1965<br />
Holiday Inn <strong>Redding</strong> 125 Nov-97 Feb 1968<br />
BEST WESTERN PLUS Hilltop Inn 115 Nov-10 Jun 1972<br />
Red Lion <strong>Hotel</strong> <strong>Redding</strong> 192 Oct-99 Jun 1972<br />
Fairfield Inn & Suites <strong>Redding</strong> 72 May-10 May 2010<br />
BEST WESTERN Twin View Inn & Suites 79 Jan-08 Feb 1996<br />
Ramada Limited <strong>Redding</strong> 63 Feb-99 Feb 1999<br />
Total 1,100<br />
Number Year<br />
of Rooms Affiliated<br />
Source: Smith Travel Research<br />
Year<br />
Opened