Howzit Howard: Hotel occupancy - Hawaii News Now - KGMB and KHNL

Howzit Howard: Hotel occupancy

HONOLULU (HawaiiNewsNow) - Hospitality advisors say in March, for the first time in two years, room rate discounting did not offset improvements in occupancy. Revenues actually rose. We may not be at a bottoming-out point for hotel revenue.

Intercontinental hotels doubled its first quarter profit, to $54 million. Revenue was up three percent. Intercontinental owns Holiday Inn.

General Motors will test between five and 50 hydrogen fuel cell cars on Oahu. Filling stations will extract hydrogen from the Gas Company's natural gas pipelines.

The Kohala side of the Big Island remains under exceptional drought conditions. The Waimea irrigation system went down four percent last week.

ML Macadamia Orchards, the Big Island mac nut consortium, has posted a very small quarterly loss... $2,500.

Macy's, which bought Liberty House, swung to a small profit in the first quarter, $23 million, on $5.5 billion sales.

The CEO of Aloha Air Cargo has unexpectedly resigned. Mike Malik says he wants to spend more time with his family.

Construction resumes at the Pacifica Condo High-Rise on Kapiolani after the developer got a loan from First Hawaiian.

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