November 2008 Room Statistics Taxable room revenues for the month total $14,820,890 and are below prior year by $5,666,718 (-27.7%). Cash occupied room nights of 229,581 are below prior year by 57,554 (-20.0%). Comp occupied room nights of 68,205 are above prior year by 2,384 (3.6%), and 28-Day occupied room nights of 108,124 are below prior year by 13,214 (-10.9%). Total occupied rooms for the month (Cash,Comp, 28-day) of 405,910 are 68,384 (-14.4%) below the prior year. Overall, Washoe County occupancy percentages of 53.8% for the month are 16.3% below the 64.3% level of the prior year. There were 16,407 (2.2%) more available rooms for the month. Overall cash average rates for the month of $64.56 are down $6.79 (-9.5%), compared to $71.35 for the prior year. Year-to-date cash occupied room nights of 1,549,125 are 220,367 (-12.5%) below prior year. Cash average rates year-to-date of $78.15 are $3.72 (-4.5%) below prior year. Year-to-date, total taxable room revenues of $121,070,952 are $23,789,822 (-16.4%) below prior year.
Available Rooms
Total Occupied Rooms
Hotels
469,119
259,760
55.4%
68.2%
(12.8)
-18.8%
Motels
68,280
24,725
36.2%
46.5%
(10.3)
-22.2%
28 Day
127,680
86,153
67.5%
75.3%
(7.8)
-10.4%
RV Parks
52,140
25,967
49.8%
55.4%
(5.6)
-10.1%
Timeshares
18,113
3,615
20.0%
24.7%
(4.7)
-19.0%
Vacation Rentals
18,990
5,690
30.0%
26.6%
3.4
12.8%
Totals
754,322
405,910
53.8%
64.3%
(10.5)
-16.3%
Segments
Percentage of Occupancy Actual Last Year
CASH OCCUPIED ROOMS NIGHTS
Increase (Decrease) Amount % Percent
AVERAGE CASH RATES $500.00
350,000
$350.00
$200.90
$300.00 $250.00
0
Hotels
Motels
28 Day
Actual
RV Parks
Timeshares
Vacation Rentals
Last Year
$22.48
$22.59
$26.14
$23.57
$27.13
$55.95
$49.85
$50.00
$24.38
511
555
4,485
3,615
3,773
$100.00
3,418
14,499
10,186
20,695
50,000
28,663
$150.00
100,000
$77.17
$200.00
150,000
$274.92
$400.00
$69.42
200,000
191,112
250,000
235,204
$450.00
300,000
$0.00
Hotels
Motels
28 Day
RV Parks
Actual
Attached please find the detail statistics for each market segment. Contact: Tim D. Smith VP Finance tsmith@rscva.com 775-827-7637
Reno-Sparks Convention & Visitors Authority - P.O. Box 837 - Reno, Nevada 89504-0837
Timeshares
Last Year
Vacation Rentals