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8/14/2019 Heywood Sanders Presentation on Madison and Monona Terrace 111413
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Conclusion
There are literally millions of conventions, tradeshows, and meetings happening
annually throughout North America and around the world. The number ofassociations is changing, as is the number of corporations, but meetings willcontinue to occur. Although 2009 was a down year and there may be a slightstructural change in meeting format, and hence volume, the 2009 drop in demandwas a short-term aberration, with signs of recovery appearing in 2010. Furthermore,the rationale for meetings and associations still exists and will continue to do so.
Billings is well suited to participate in the convention, conference, and meetingssector given its role as the largest city in Montana, a significant regional commercehub, and the growing medical industry. The proposed conference center providesan opportunity for Billings to invest in long-term community infrastructuredevelopments to diversify the economy away from dependency on any one sectoralone. As this trends analysis indicates, there are major positive economic and fiscalimpacts associated with conference and meeting events. In order to retain thoseimpacts, grow market share, and as the industry and participation rebounds fromthe global recession, Billings needs to position itself to remain attractive andcompetitive.
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Section 4 Industry Trends | DRAFT April 2013
South Padre Island Convention Centre Feasibility Study Update – South Padre Island, TX
PAGE 41
SUMMARY
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Submitted to:
City of Fort WorthFacilities and Public Events Department
April 2001
Submitted by:
C.H. Johnson Consulting, Inc.36 S. Wabash Ave., Suite 602
Chicago, IL 60603
Phone: 312-444-1031
Fort Worth Convention Center
Headquarters Hotel Analysis
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Maryland Stadium Authority
Baltimore Convention Center Expansion
Market & Economic Analysis
Final Report
February 2012
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Event Type
Number
of Events
Event
Days
Event
Length
Total Usage
Days
Total
Attendance
Average
Attendance
Per Event Event Type
Number of
Events
Event
Days
Event
Length
Total Usage
Days
Total
Attendance
Average
Attendance
Per EventConventions /Trade Shows 62 176 2.8 307 286,087 4,614 Conventions/Trade Shows 58 179 3.1 321 286,784 4,945
Meetings 85 157 1.8 179 67,736 797 Meetings 64 127 2.0 152 67,726 1,058
Food Functions 9 8 0.9 12 8,642 960 Food Functions 11 11 1.0 18 17,155 1,560
Public Events 29 59 2.0 82 143,635 4,953 Public Events 20 47 2.4 70 146,233 7,312
Sporting Events 8 26 3.3 32 31,147 3,893 Sporting Events 6 11 1.8 14 19,459 3,243
Other 8 16 2.0 18 7,435 929 Other 7 13 1.9 14 7,325 1,046
Total 201 442 630 544,682 Total 166 388 589 544,682
Event Type
Number
of Events
Event
Days
Event
Length
Total Usage
Days
Total
Attendance
Average
Attendance
Per Event Event Type
Number of
Events
Event
Days
Event
Length
Total Usage
Days
Total
Attendance
Average
Attendance
Per Event
Conventions /Trade Shows 54 191 3.5 295 266,281 4,931 Conventions/Trade Shows 54 158 2.9 268 249,186 4,615
Meetings 70 130 1.9 155 81,237 1,161 Meetings 55 132 2.4 146 73,765 1,341 Food Functions 12 18 1.5 28 12,420 1,035 Food Functions 4 4 1.0 7 3,300 825
Public Events 23 55 2.4 77 118,946 5,172 Public Events 14 29 2.1 36 82,926 5,923
Sporting Events 7 45 6.4 53 28,300 4,043 Sporting Events 8 20 2.5 26 22,050 2,756
Other 6 17 2.8 19 6,960 1,160 Other 4 6 1.5 7 4,765 1,191
Total 172 456 627 514,144 Total 139 349 490 435,992
Event Type
Number
of Events
Event
Days
Event
Length
Total Usage
Days
Total
Attendance
Average
Attendance
Per Event Event Type
Number of
Events
Event
Days
Event
Length
Total Usage
Days
Total
Attendance
Average
Attendance
Per Event
Conventions /Trade Shows 51 183 3.6 291 218,603 4,286 Conventions/Trade Shows 52 206 4.0 340 266,876 5,132
Meetings 53 100 1.9 115 46,272 873 Meetings 76 178 2.3 313 61,558 810
Food Functions 2 2 1.0 5 2,200 1,100 Food Functions 5 12 2.4 23 5,495 1,099
Public Events 11 33 3.0 47 66,684 6,062 Public Events 18 52 2.9 97 127,010 7,056
Sporting Events 8 8 1.0 10 25,675 3,209 Sporting Events 6 21 3.5 32 24,025 4,004
Other 6 6 1.0 7 9,400 1,567 Other 5 8 1.6 15 3,505 701
Total 131 332 475 368,834 Total 162 477 820 488,469
FY 2008 FY 2009
FY 2010 FY 2011
Detailed Summary of Historical BCC Utilization
FY 2006 FY 2007
Source: BCC management.
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Research Update:
Baltimore Hotel Corp.'s Series2006B Bond Rating Lowered To'BB-' On Underperformance;Outlook Stable
August 30, 2011
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Overview• Baltimore Hotel Corp.'s 757-room Hilton hotel has underperformed as the
Baltimore market has struggled to absorb the new room capacity added as
the Hilton opened in 2008 and recover from the recession. The hotel has
not reached a stabilized occupancy of 74% in 2011 as ownership forecast
and faces a 12% increase in debt service payments as the principalpayments begin in 2012.
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JULY 11, 2013
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Baltimore Convention Center Hotel Will
Need City Funds, a Credit NegativeFrom Credit Outlook
On Monday, Harry Black, the finance director for the City of Baltimore, Maryland (Aa2
stable), confirmed a Baltimore Sun report that in September 2014, the Baltimore HotelCorporation (Ba1 negative) will likely have to dip into the city’s general fund and its feederfunds from citywide hotel occupancy tax collections (HOT) to cover its debt servicepayments. The hotel’s need of these funds to pay debt service is credit negative and likelymarks the beginning of the hotel’s long-term financial dependence on the city’s general fund.
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REVIEW OF MONONA TERRACE
!"#$% '('
Monona Terrace, Madison, WisconsinSummary of Actual Attendance
2007 2008 2009 2010 2011 % of Total
Banquets 32,287 44,061 51,174 54,530 49,805 26%
Meetings 18,006 26,956 31,811 33,023 36,535 16%
Conventions 15,119 18,232 17,241 30,242 31,151 13%
Conferences 6,013 9,138 9,918 10,659 9,725 5%
Consumer Shows 13,960 28,153 38,862 40,930 41,368 18%
Entertainment 1,542 7,060 15,279 13,457 9,045 5%
Community Events 28,572 28,610 24,759 30,608 35,345 17%Community Meetings 197 185 381 252 327 0%
Total 115,696 162,395 189,425 213,701 213,301 100%
Source: Monona Terrace
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!"#$%& ( *+
Monona Terrace, Madison, Wisconsin
Historical Monthly MT-Generated Room Nights 2007 thru 2011
Source: Monona Terrace, Johnson Consulting
1,4071,046
1,984
2,674
3,587
4,539
2,705
6,390
9,135
4,129
1,293
343
0
2,000
4,000
6,000
8,000
10,000
12,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
U s e d
S F
- D a y s
2007
2008
2009
2010
2011
Average
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