November hotel revenue was higher - Hawaii News Now - KGMB and KHNL

November hotel revenue was higher

By Howard Dicus - bio | email

HONOLULU (HawaiiNewsNow) - Hawaii hotels ran 7% fuller with 4% higher rates in November, producing 15% greater revpar - revenue per available room - than in the same month last year.

The wrap-up report from last month by Hospitality Advisors LLC, released Friday, found each of the five economic tiers of hotels ran more than 60% full in November but the bottom tier, budget hotels, were almost 75% full.

Average daily rates ranged from $84 for budget hotels up to $244 at luxury hotels, with much variety. On Maui, for example, average daily rate for all hotels was $184 on the Lahaina-Kaanapali-Kapalua coast but $340 on the Wailea coast beyond Kihei.

Behind the 15% average increase in revpar from year-before levels were 20% or greater increases on the Big Island and Maui but low single-digit increases on Oahu and Kauai.

Hospitality Advisors is the same research firm that does weekly occupancy counts, and it reported Friday that Oahu hotels ran 84% full last week. A convention of chemists that wrapped up Monday drew a record 12,500 attendees. Thousands remained for vacation time this week, while the Moana Surfrider Hotel in Waikiki filled with reporters and aides traveling with President Obama.

Occupancy for the seven days to last Sunday fell slightly to 53% on Maui, 39% on the Big Island and 38% on Kauai.

Copyright 2010 by HawaiiNewsNow. All rights reserved.

Powered by Frankly