Hawaii hotel industry showing robust growth

Hawaii hotel industry showing robust growth

Monitoring Desk

HAWAII: Hawaii’s hotel industry is showing robust growth. The Hawaii Hotel Performance Report, published by the Hawaii Tourism Authority (HTA), showed positive signs for the industry. Statewide RevPAR increased 5.2 percent to $260 with ADR of $305, which is up 3.9 percent. Occupancy rates reached 85.2 percent in the month of July.

Room revenues were also on the rise, growing 3.5 percent and bringing in $434.8 million, approximately $14.6 million higher than last year.

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Positive survey results showed gains across all classes of properties in the Hawaiian Islands. Luxury resorts showed the highest gains with Ann increase in RevPAR of to $506 a gain of 11 percent. ADR was $603, up 3.7 percent and occupancy rates at high-end hotels were up to 83.9 percent, up 5.5 percent.

Midscale and economy-class hotels reported RevPAR of $155 (up 1.7 percent) with ADR of $183, up 0.4 percent and occupancy of 84.3 percent was up 1 percentage point.

Maui County led the way in gains. RevPAR on the island was at $359 (up 9.3 percent), ADR of $436 (up 7.7 percent) and occupancy of 82.2 percent (up 1.2 percentage points).

Properties in Wailea showed the most growth with RevPAR of $640 (up 13.6 percent), ADR of $697 (up 12.2 percent), and 91.7 percent occupancy (up 1.1 percentage points).

Oahu hotels reported higher RevPAR in July of $230 and hotels on Hawaii Island saw RevPAR increase to $223 (up 19 percent). Notably, Kohala Coast hotels had a 30 percent increase in RevPAR to $324.

Kauai hotels reported lower performance compared to last July with decreases in RevPAR to $233 (-5.7 percent), ADR of $301 (down 3 percent) and occupancy of 77.5 percent (down 2.2 percentage points).

Courtesy: (travelpulse.com)

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