Hotel room revenue: Oahu and Maui better, Kauai and Big... - Hawaii News Now - KGMB and KHNL

Hotel room revenue: Oahu and Maui better, Kauai and Big Island flat

By Howard Dicus - bio | email

HONOLULU (HawaiiNewsNow) - Hawaii hotel room revenue is running 6% above 2009 levels, but the improvement has been mainly on Oahu and Maui.

A new report Monday from Hospitality Advisors LLC, adding data from September, also says revenues are down 20.5% from peak levels of 2006.

"Improved market performance allowed Hawaii's hotel market to maintain its position as a leading U.S. lodging market," the Honolulu research firm said. Hawaii second to New York in room rate and RevPAR - revenue per available room.

September occupancy was an average 71.2%, up 6% from the same month a year ago and third among major markets after New York and San Francisco; average daily room rate statewide was down 3%; and RevPAR (revenue per available room) was up 6%, reflecting the fact that higher occupancy more than offset lower room rates.

Most of the improvement, however, came in Waikiki and on Maui; Kauai had lower room rates and the Big Island had lower occupancy. There have been signs of improvement in recent weeks, however, with higher mainland arrivals to neighbor islands.

Copyright 2010 by HawaiiNewsNow. All rights reserved.

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