PROPERTY SEGMENTS

1
(No Transcript)
2
PROPERTY SEGMENTS
Values
14
18
31
42
29
22
12
13
15
5
Upper Upscale
Upscale
Mid-Scale with FB
Mid-Scale without FB
Economy
3
HOTEL PROJECTS IN THE UNITED STATES
Values
11
5
16
17
19
25
22
26
33
27
Northwest
Southeast
Central
Northeast
Southwest
4
CURRENT HOTEL PROJECTS
Values
69
71
31
29
70
74
30
26
Independent Hotels
Renovation Projects
New Construction
Chain Hotels
5
RENOVATION PROJECTS
Values
62
68
38
32
Owner Initiated
Brand Initiated
6
HOTEL RENOVATIONS
Values
74
47
11
5
Soft Goods
Full
Re-flagging
Change-Of-Use
7
VENDOR ORIGINS
Values
86
87
7
4
4
6
3
2
USA
Canada
Asia
Europe
8
QUANTITY OF VENDORS
Values
61
78
31
11
Increase in Number of Vendors Used
Decrease in Number of Vendors Used
9
OVERALL VENDOR LEAD TIMES
Values
27
74
35
4
Increase in Vendor Lead Times
Decrease in Vendor Lead Times
10
INCREASE IN LEAD TIMES CATEGORY SPECIFIC
70
67
59
44
11
44
Values
63
50
42
14
9
Lighting
Fabrics
Upholstery
Carpet
Wall Coverings
Case Goods (04 Only)
11
VENDOR DEPOSITS
Values
73
67
15
7
12
26
Increasing
Decreasing
Unchanged
12
PROJECT SCHEDULES
Values
31
26
50
59
19
15
Increasing
Decreasing
Unchanged
13
CURRENT BUDGETS YEAR-TO-YEAR
Values
28
60
48
26
24
14
Larger Budgets
Smaller Budgets
Dont Know
14
PRODUCT REPLACEMENT CYCLES
Values
54
48
23
26
23
26
Increasing
Decreasing
Unchanged
15
BUSINESS GROWTH CHANGE IN NUMBER OF PROJECTS
41
82
41
3
11
0
Values
Up
Same
Down
16
SUMMARY

• 80 of the work is in the mid-scale with FB and
  above properties
• Mostly located in the Southwest, Northeast and
  Central regions
• Mostly owner-initiated renovations of branded
  hotels with 3/4 of the renovations being
  softgoods only, and about 1/2 full renovations
• Almost all the product coming from the US and
  Canada from a larger pool of resources
• Experiencing vastly longer product lead times,
  and shorter project schedules, combined with
  significantly larger budgets
• Nobody thinks business will decrease in 04
  compared to 03

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