LODGING FORECAST

2012 continued from page 49

Portland,Ore. 11.5%

Detroit 9%–14%

Hartford 12%

Tampa 12%

LasVegas 12%–13%

Sacramento 12%

Phoenix 12.27%

Boston 12.45%

Orlando 12.5%

SaltLake 12.72%

Albuquerque 13%

Buffalo 13%

Jacksonville 13%

Miami 13%

NewOrleans 13%

(plus $1–$2 per night VAT)

U.S.Segments and Top25LodgingMarkets

(January toAugust 2011, percent change from the same period for 2010) Occupancy % Change ADR % Change RevPAR % Change TOTAL UNITED STATES

PRICE Luxury Upscale Midprice Economy Budget

LOCATION Urban

Suburban Airport

Interstate Resort

Small metro/town

TOP MARKETS Anaheim–Santa Ana Atlanta Boston Chicago Dallas

Denver Detroit

Houston

Minneapolis–St. Paul, Minn.–Wis.

Nashville

New Orleans NewYork City

Norfolk–Virginia Beach Oahu Island Orlando

Philadelphia Phoenix

San Diego 61.4%

69.6% 62.9% 57.6% 54.8% 57.2%

68.5% 61.6% 68.0% 54.5% 64.7% 55.0%

73.3% 61.2% 71.4% 64.3% 60.1% 67.7% 59.9% 60.9%

Los Angeles–Long Beach 73.5% Miami–Hialeah

77.0%

65.5% 62.7% 66.4% 79.5% 57.6% 80.7% 70.1% 66.8% 60.5% 71.5%

San Francisco–San Mateo 79.2% Seattle St. Louis

Tampa–St. Petersburg 0 50 SOURCE: STR (www.str.com) pcmaconvene November 2011 www.pcma.org

70.8% 59.8% 63.7%

Washington,D.C.–Md.–Va. 69.0% 4.5% $101.16

4.6% $150.24 4.2% $109.53 4.5% $80.74 4.3% $59.92 4.3% $48.59

3.1% $141.65 5.4% $86.09 4.6% $91.04 3.8% $71.77 4.8% $137.46 3.8% $84.11

4.9% $114.67 4.9% $82.59 3.3% $144.27 4.3% $114.20 8.9% $85.84 5.6% $97.60 10.4% $76.70 8.3% $91.57 6.7% $124.19 7.4% $155.32

6.8% $94.66 5.4% $92.56 0.7% $122.69 -1.0% $222.63 2.5% $88.06 3.5% $162.81 6.7% $95.53 3.1% $113.35 7.1% $105.70 3.5% $128.12 5.6% $149.58 4.9% $115.47 3.3% $82.75 10.2% $96.80 -0.6% $144.03

3.5% $62.15

3.8% 2.8% 2.9% 2.2% 2.6%

5.3% 2.7% 2.7% 2.2% 4.7% 1.8%

4.7% 0.0% 4.6% 5.3% 4.4% 4.1% 2.1% 2.4% 6.1% 4.5%

4.3% 7.1% 5.2% 6.8% -0.6

$104.54 $68.92 $46.51 $32.85 $27.81

$97.06 $53.00 $61.88 $39.11 $88.91 $46.24

$84.06 $50.52

$102.96 $73.48 $51.57 $66.08 $45.95 $55.75 $91.27

$119.55

$61.99 $58.08 $81.52

$177.03 $50.73

10.2% $131.34 4.4% 5.5% 2.3% 3.4%

$66.95 $75.72 $63.95 $91.65

14.2% $118.39 4.3% 2.0% 2.1% 1.3%

$81.73 $49.52 $61.62 $99.44

8.1%

8.5% 7.1% 7.6% 6.6% 7.0%

8.5% 8.3% 7.5% 6.1% 9.7% 5.7%

9.8% 4.9% 8.1% 9.9%

13.7% 9.9%

12.7% 10.9% 13.2% 12.2%

11.5% 12.9% 5.9% 5.8% 1.9%

14.0% 11.4% 8.8% 9.5% 7.0%

20.6% 9.5% 5.4%

12.5% 0.8%