HOUSE_OVERSIGHT_018826.jpg
1.25 MB
Extraction Summary
0
People
6
Organizations
2
Locations
2
Events
0
Relationships
3
Quotes
Document Information
Type:
Economic and hotel market analysis report
File Size:
1.25 MB
Summary
This document, page 16 of a report labeled 'HOUSE_OVERSIGHT_018826', is an economic and hotel market analysis for the U.S. Virgin Islands (USVI) covering the period from 2008 to 2014. It presents data on tourism (stay-over arrivals), economic health (GDP per capita), and a detailed breakdown of hotel performance metrics comparing 2013 and 2014. The analysis shows an increase in hotel occupancy, room revenues, and average daily rates in 2014.
Organizations (6)
| Name | Type | Context |
|---|---|---|
| Virgin Islands Bureau of Economic Research |
Listed as a data source for the 'Stay-Over Arrivals and GDP Per Capita' chart.
|
|
| WorldBank |
Listed as a data source for the 'Stay-Over Arrivals and GDP Per Capita' chart.
|
|
| Integra Realty Resources (irr) |
Listed as a data source for the 'Stay-Over Arrivals and GDP Per Capita' chart. Its logo appears in the footer.
|
|
| Smith Travel Research (STR) |
Source for all hotel performance data.
|
|
| IGY American Yacht Harbor Marina |
Mentioned in the footer of the document.
|
|
| House Oversight |
Implied by the document identifier 'HOUSE_OVERSIGHT_018826' in the footer, suggesting this document is part of a coll...
|
Locations (2)
| Location | Context |
|---|---|
|
The geographic area being analyzed in the report.
|
|
|
A specific marina located in the USVI, mentioned in the footer.
|
Key Quotes (3)
"Data from Smith Travel Research indicates 2014 occupancy for reporting hotels of 67.8%, up 3.29% over the prior year."Source
HOUSE_OVERSIGHT_018826.jpg
Quote #1
"The reported average daily rate (ADR) was $308.98 (up 0.51%), leading to Revenue Per Available Room Night (RevPar) of $209.53 (up 5.63%)."Source
HOUSE_OVERSIGHT_018826.jpg
Quote #2
"Note: Sample Size reflects the number of rooms within the STR participating hotels"Source
HOUSE_OVERSIGHT_018826.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (1,331 characters)
Area Analysis
16
16
Stay-Over Arrivals and GDP Per Capita
800,000
$60,000
780,000
$55,000
760,000
740,000
$50,000
720,000
$45,000
700,000
$40,000
680,000
660,000
$35,000
640,000
$30,000
620,000
600,000
$25,000
$60,000
780,000
$55,000
760,000
740,000
$50,000
720,000
$45,000
700,000
$40,000
680,000
660,000
$35,000
640,000
$30,000
620,000
600,000
$25,000
2008
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
Stay-Over Arrivals
683,294
666,051
691,194
678,962
737,651
702,963
730,367
683,294
666,051
691,194
678,962
737,651
702,963
730,367
GDP Per Capita
$41,864
$42,712
$43,656
$40,557
$35,123
$33,375
$41,864
$42,712
$43,656
$40,557
$35,123
$33,375
Source: Virgin Islands Bureau of Economic Research, WorldBank, Integra Realty Resources
Hotel Performance
Data from Smith Travel Research indicates 2014 occupancy for reporting hotels of 67.8%, up 3.29% over the prior year. The reported average daily rate (ADR) was $308.98 (up 0.51%), leading to Revenue Per Available Room Night (RevPar) of $209.53 (up 5.63%).
Data from Smith Travel Research indicates 2014 occupancy for reporting hotels of 67.8%, up 3.29% over the prior year. The reported average daily rate (ADR) was $308.98 (up 0.51%), leading to Revenue Per Available Room Night (RevPar) of $209.53 (up 5.63%).
Hotel Performance by Country - USVI
2013
2014
Growth
2014
Growth
Sample Size (Rooms)
1,504
1,504
Room Nights Available (Supply)
$1,775,819
$1,750,284
-1.44%
$1,775,819
$1,750,284
-1.44%
Room Nights Sold (Demand)
$1,145,860
$1,186,924
3.58%
$1,145,860
$1,186,924
3.58%
Occupancy
64.5%
67.8%
3.29%
64.5%
67.8%
3.29%
Room Revenues
$352,268,119
$366,739,620
4.11%
$352,268,119
$366,739,620
4.11%
ADR
$307.43
$308.98
0.51%
$307.43
$308.98
0.51%
RevPar
$198.37
$209.53
5.63%
$198.37
$209.53
5.63%
Rooms in Active Pipeline 12/31
0
453
0
453
Note: Values in United States Dollars
Source: Smith Travel Research: Note: Sample Size reflects the number of rooms within the STR participating hotels
Source: Smith Travel Research: Note: Sample Size reflects the number of rooms within the STR participating hotels
IGY American Yacht Harbor Marina
irr
HOUSE_OVERSIGHT_018826
irr
HOUSE_OVERSIGHT_018826
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