Hawaii hotel occupancy grows, rates shrink
Occupancy at Hawaii hotels increased to 70.8 percent for the week ending May 22, a 3.2 percentage point increase over the same week last year.
Average hotel room rates, however, dropped by 4.6 percent from the same week last year, to $162.59.
Occupancy and room rates for the four main Hawaiian islands were as follows, comparing the same two weeks:
• Oahu occupancy grew 3.4 percentage points to 79.3 percent, while room rates fell 4 percent to $147.61.
• Maui occupancy grew by 5.2 percentage points to 67.5 percent, while room rates fell 7.1 percent to $200.17.
• Kauai occupancy rose 11 percentage points to 71.5 percent, as room rates fell 1.1 percent to $178.44
• Big Island occupancy dropped 5.3 percentage points to 47.2 percent, while room rates fell by 7.4 percent to $146.62.
Average Mainland hotel occupancy grew by 3.9 percentage points to 61.6 percent, while room rates slid 0.3 percent to $98.15.
The weekly Hawaii hotel industry snapshot is surveyed by Smith Travel Research and Hospitality Advisors.
Filed under: money by Wolf