Current Texas Hospitality Indicator: 3.04

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Below we provide you with a complementary review of the current state of the Texan Hotel and Restaurant industries:

Virtue Texas Market Analysis:

Hospitality:

2004 Q4 results: Growth of 10.35%
2004 Q4 results: Total Sales: $1,212 mil

2004 Q3 results: Growth of 1.1%
2004 Q3 results: Total Sales: $1,211 mil

2004 Q2 results: Growth of 4.0%
2004 Q2 results: Total Sales: $1,243 mil

2004 Q1 results: Growth of 3.1%
2004 Q1 results: Total Sales: $1,115 mil

2004 annual results: Growth of 7.46%
2004 annual results: Total Sales: $4,830 mil

September 11th and economic recession's effect on Texas' hospitality market:

• 1995-2001 five year annual average growth: 9%
• 2001-2004 annual average growth: -1.72%

 

Bar and Restaurant (Alcohol only):

2004 Q4 results: Growth of 7.24%
2004 Q4 results: Total Sales: $810 mil

2004 Q3 results: Growth of 3.81%
2004 Q3 results: Total Sales: $740 mil

2004 Q2 results: Growth of 6.95%
2004 Q2 results: Total Sales: $780 mil

2004 Q1 results: Growth of 6.8%
2004 Q1 results: Total Sales: $767 mil

2004 annual results: Growth of 7.89%
2004 annual results: Total Sales: $3,152 mil

September 11th and economic recession's effect on Texas' Bar and Restaurant market:

• 1995-2001 (pre Sept 11th) five year annual average: Growth: 6.7%
• 2001-2004 (post Sept 11th) annual average: Growth: 3.6%