Hawaii hotels see 8% gain in room rates, slight increase in occupancy
Hawaii hotels saw a gain of 8 percent in room rates last week on a modest increase in occupancy, with hotels in Waikiki and the rest of Oahu leading the way, according to a report by Hospitality Advisors LLC and Smith Travel Research.
Hotels statewide were 83.3 percent occupied during the week ended Aug. 4, which was 3 percentage points higher than the same week a year ago. The average daily room rate was $223.47, which was 8.4 percent higher than a year ago.
On Oahu, occupancy rose 4.5 percentage points to 92.4 percent, while the average daily room rate jumped 15.3 percent to $201.57.
The Big Island saw the second-largest gain in room rates, with a 4.6 percent increase in the average daily rate to $205.80, while occupancy rose 2.1 percentage points to 63 percent.
Kauai hotels saw their occupancy rate rise 5.1 percentage points last week to 79.6 percent, while the average daily room rate increased 0.4 percent to $234.73.
Maui hotels saw a very slight decrease, 0.6 percentage points, in their occupancy rate to 77.9 percent, while the average daily room rate rose 2.9 percent to $282.59.
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Edited by : Bill Hurley
