Lodging Outlook Survey
May 2009 Compared With May 2008
                         
  Operating Performance - May
  Occupancy Percent Average Room Rate RevPAR** Room Revenue Rooms Available Rooms Sold
Segment 2009 2008 % Chg 2009 2008 % Chg 2009 2008 % Chg % Chg % Chg % Chg
United States 55.7 63.1 -11.8 97.03 107.53 -9.8 54.05 67.90 -20.4 -17.9 3.2 -9.0
South Atlantic 55.8 62.4 -10.6 99.88 108.59 -8.0 55.75 67.78 -17.8 -15.0 3.3 -7.6
South Carolina 53.3 61.0 -12.8 90.93 101.23 -10.2 48.42 61.79 -21.6 -19.7 2.4 -10.6
Savannah, GA 62.1 66.2 -6.2 89.93 100.50 -10.5 55.82 66.51 -16.1 -13.1 3.6 -2.9
Myrtle Beach, SC* 49.6 58.0 -14.5 92.84 109.90 -15.5 46.07 63.78 -27.8 -26.1 2.2 -12.6
Martinez/Aiken/I-20***** 53.5 60.0 -10.8 68.88 69.10 -0.3 36.87 41.46 -11.1 -7.6 3.9 -7.3
Rock Hill/Monroe**** 53.9 67.5 -20.2 72.50 79.17 -8.4 39.05 53.47 -27.0 -24.5 3.3 -17.6
Spartanburg 50.3 57.1 -11.8 63.60 64.69 -1.7 32.01 36.92 -13.3 -11.4 2.2 -9.9
Greenville 54.3 62.0 -12.4 71.19 76.00 -6.3 38.66 47.09 -17.9 -17.9 0.0 -12.4
Anderson/Clemson 46.5 59.0 -21.3 69.14 71.20 -2.9 32.13 42.01 -23.5 -19.0 5.9 -16.6
Columbia East 57.1 66.1 -13.6 78.58 82.17 -4.4 44.88 54.31 -17.4 -8.8 10.4 -4.6
Columbia West 56.4 67.9 -16.9 60.59 66.06 -8.3 34.16 44.82 -23.8 -22.6 1.5 -15.7
Florence/Dillon 48.3 53.1 -8.9 71.36 73.83 -3.3 34.48 39.17 -12.0 -7.8 4.7 -4.6
Orangeburg/Sumter 49.1 47.4 3.6 65.43 63.04 3.8 32.12 29.86 7.6 4.2 -3.1 0.4
Hilton Head/Beaufort 59.1 66.0 -10.5 133.77 153.19 -12.7 79.04 101.15 -21.9 -20.0 2.3 -8.4
I-95 Walterboro/Hardeeville 39.9 40.7 -2.1 53.15 54.14 -1.8 21.19 22.05 -3.9 -1.6 2.4 0.2
South Carolina SmallTowns 42.4 51.4 -17.4 72.05 71.18 1.2 30.57 36.59 -16.5 -13.9 3.1 -14.9
No. Charleston/Airport 61.6 68.5 -10.0 70.49 75.82 -7.0 43.45 51.94 -16.3 -13.7 3.1 -7.2
Charleston/West Ashley 74.3 80.9 -8.1 182.50 213.15 -14.4 135.67 172.51 -21.4 -21.4 0.0 -8.1
Mount Pleasant/Isle Of Palms 65.7 77.2 -14.8 130.05 143.82 -9.6 85.47 110.97 -23.0 -23.8 -1.0 -15.7
Myrtle Beach North Area 48.6 55.6 -12.5 116.88 127.83 -8.6 56.86 71.07 -20.0 -17.7 2.8 -10.0
Myrtle Beach & South 50.1 59.2 -15.4 82.02 102.16 -19.7 41.06 60.43 -32.0 -30.7 2.0 -13.7
  Operating Performance - January-May Year to Date
  Occupancy Percent Average Room Rate RevPAR** Room Revenue Rooms Available Rooms Sold
Segment 2009 2008 % Chg 2009 2008 % Chg 2009 2008 % Chg % Chg % Chg % Chg
United States 53.3 60.0 -11.2 99.10 108.27 -8.5 52.78 64.91 -18.7 -16.1 3.2 -8.3
South Atlantic 55.6 61.6 -9.8 104.46 112.49 -7.1 58.05 69.33 -16.3 -13.4 3.4 -6.8
South Carolina 49.5 55.6 -11.0 81.36 87.26 -6.8 40.26 48.52 -17.0 -15.1 2.3 -9.0
Savannah, GA 59.6 65.2 -8.7 88.64 98.47 -10.0 52.80 64.22 -17.8 -13.5 5.3 -3.9
Myrtle Beach, SC* 41.6 47.6 -12.6 78.36 85.94 -8.8 32.58 40.87 -20.3 -19.0 1.6 -11.2
Martinez/Aiken/I-20***** 55.3 61.5 -10.0 82.18 81.58 0.7 45.46 50.16 -9.4 -5.8 3.9 -6.5
Rock Hill/Monroe**** 51.9 62.7 -17.2 71.72 76.88 -6.7 37.22 48.17 -22.7 -20.6 2.8 -14.8
Spartanburg 49.9 54.3 -8.1 62.92 64.82 -2.9 31.39 35.17 -10.8 -9.6 1.3 -6.8
Greenville 51.7 62.0 -16.6 71.52 76.08 -6.0 37.00 47.18 -21.6 -20.4 1.6 -15.3
Anderson/Clemson 45.9 56.6 -18.8 67.32 69.46 -3.1 30.92 39.31 -21.3 -18.0 4.3 -15.4
Columbia East 56.8 63.3 -10.3 80.47 84.80 -5.1 45.71 53.68 -14.9 -7.1 9.1 -2.1
Columbia West 55.6 64.5 -13.9 62.43 67.85 -8.0 34.68 43.79 -20.8 -19.3 1.8 -12.3
Florence/Dillon 50.3 51.4 -2.2 59.80 60.71 -1.5 30.09 31.21 -3.6 -0.2 3.6 1.3
Orangeburg/Sumter 48.1 48.8 -1.4 63.74 61.58 3.5 30.69 30.08 2.0 0.6 -1.4 -2.8
Hilton Head/Beaufort 49.8 54.6 -8.7 114.71 127.23 -9.8 57.16 69.46 -17.7 -15.1 3.2 -5.8
I-95 Walterboro/Hardeeville 44.4 46.4 -4.2 54.42 55.13 -1.3 24.18 25.56 -5.4 -3.1 2.4 -1.9
South Carolina SmallTowns 40.7 47.6 -14.5 66.08 65.55 0.8 26.91 31.22 -13.8 -11.5 2.7 -12.2
No. Charleston/Airport 58.8 65.2 -9.9 70.12 73.73 -4.9 41.23 48.10 -14.3 -11.2 3.6 -6.6
Charleston/West Ashley 69.7 74.2 -6.1 153.12 172.09 -11.0 106.70 127.67 -16.4 -17.5 -1.3 -7.3
Mount Pleasant/Isle Of Palms 56.1 66.3 -15.4 112.05 122.79 -8.7 62.85 81.46 -22.8 -22.1 1.0 -14.6
Myrtle Beach North Area 42.3 46.9 -9.8 95.86 100.30 -4.4 40.53 47.01 -13.8 -11.3 2.8 -7.2
Myrtle Beach & South 41.2 47.9 -13.9 69.93 79.46 -12.0 28.84 38.04 -24.2 -23.4 1.0 -13.0
         
  Participation
  Properties*** Rooms
Segment Census Sample Census Sample
United States 51,269 27,521 4,739,646 3,276,718
South Atlantic 10,840 6,474 1,103,397 818,455
South Carolina 1,077 577 102,839 62,572
Savannah, GA 158 121 14,309 12,026
Myrtle Beach, SC* 228 65 29,180 10,353
Martinez/Aiken/I-20***** 59 39 4,322 3,260
Rock Hill/Monroe**** 66 49 6,065 4,941
Spartanburg 50 30 4,218 2,712
Greenville 65 48 7,413 6,307
Anderson/Clemson 48 29 3,425 2,221
Columbia East 56 44 5,439 4,605
Columbia West 64 45 5,832 4,433
Florence/Dillon 58 35 5,098 3,501
Orangeburg/Sumter 65 31 4,164 2,249
Hilton Head/Beaufort 48 31 6,581 4,265
I-95 Walterboro/Hardeeville 48 26 3,270 2,094
South Carolina SmallTowns 127 46 6,933 3,237
No. Charleston/Airport 89 62 8,487 6,664
Charleston/West Ashley 51 30 6,051 4,352
Mount Pleasant/Isle Of Palms 22 19 2,665 2,495
Myrtle Beach North Area 63 25 9,241 4,415
Myrtle Beach & South 165 40 19,939 5,938
*  "Myrtle Beach" is the combination of "North Myrtle Beach/Conway" and "Myrtle Beach & South."
**  RevPAR = Revenue Per Available Room, i.e., total room revenue divided by total number of room nights. 
*** Hotels with 20 or more rooms only
**** "Rock Hill/Monroe" includes parts of Charlotte, Matthews, Monroe, and Pineville in NC, in addition to Rock Hill/York County in SC.
***** "Martinez/Aiken/I-20" includes parts of Septembera, Grovetown, Martinez and Thomson in GA in addition to the Aiken area in SC.
NOTE:  Non-bolded segments are mutually exclusive, i.e., properties reported in Florence/Dillon are not included in the I-95 Corridor.
SOURCE: COPYRIGHT 2009, SMITH TRAVEL RESEARCH, ALL RIGHTS RESERVED
The information contained in this report is based upon independent surveys and research from sources considered reliable but no representation is made as to its completeness or accuracy. This information is in no way to be construed as a recommendation by Smith Travel Research of any industry standard and is intended solely for the internal purposes of your company and should not be published in any manner unless authorized by Smith Travel Research. Copyright 2009 Smith Travel Research.