AGA's hotel studies involve a wide array
of lodging alternatives - traditional commercial hotels, budget motels,
resort-conference facilities, timeshare units, etc. AGA has conducted
studies at locations throughout the United States and Mexico. Our studies
are used to evaluate investment and site-specific opportunities.
Our hotel studies consist of two primary
components - transient occupancy tax collections and reported occupancy
rates. Transient occupancy tax (TOT) data is collected from the cities
surrounding the site area to determine historical trends in lodging
demand. The TOT data is adjusted to reflect increases (decreases) in
occupancy tax rate(s), changes in the number of rooms which pay into
the tax, and inflationary impacts. TOT data serves as a proxy for growth
in demand for area lodging facilities.
Concurrent with the tabulations of TOT
data, the Consultants interview representatives at each of the competitive
lodging facilities in the site area, collecting information regarding
overall occupancy rate, seasonal demand, profile of demand (i.e., the
nature of the guests - business travelers, tourists, groups, etc.),
room rates, amenity package, visibility and access, etc. The Consultants
also interview local municipalities to ascertain other lodging facilities
either under construction or planned for development. These data are
then integrated to create a basis for projecting room night demand at
the subject site under a variety of operating scenarios.
AGA hotel studies are often conducted in
conjunction with other land uses, generally addressing the highest and
best land uses for large mixed-use communities. We have performed hotel
studies for a variety of clients including major developers - The Koll
Company, the Lusk Companies, Wrather Corporation, etc. - major hotel
chains - DoubleTree Inns, TraveLodge, All Seasons Inn, etc - and various
investors.
Click here to receive more information regarding AGA's studies.