hotel market analysis anchorage alaska october 2005 prepared for aidea industrial development and export authority kennedy & mohn ps seattle washington k&m 05 037 brokerage consulting appraisals page 1 introduction the following report is an update of earlier study in june 2004 intended to serve as a baseline document purpose understanding relative strength or weakness local lodging current has been revised updated reflect economic conditions performance data culminating our projections future opinions set forth this are based on interviews with state officials owner s manager developers variety other direct indirect participants tourism industry fieldwork follow up research conducted during first three weeks overview demographics occupies area 955 square miles situated broad plain at head cook inlet