Hawaii's hotel industry sees gains for first half of year
Jul. 31, 2018
HONOLULU (AP) — Hawaii's hotel industry had the highest revenue per available room and the highest average daily rate among its competitors in top U.S. markets for the first half of this year, according to a report by the Hawaii Tourism Authority.
Revenue increased 8 percent to $229 per night for the first half of this year and the average daily rate grew by 6 percent to $280, compared with the same period last year, the Honolulu Star-Advertiser reported .
"For Hawaii to earn the number one ranking in the U.S. in both RevPAR and ADR as the market is rising nationally is a significant achievement for the state," said Jennifer Chun, the authority's tourism research director.
Most U.S. markets experienced revenue growth for this year, Chun said. Hawaii also ranked second in the country for occupancy at nearly 82 percent, falling behind New York but equal to Orlando, Florida, according the Hotel Performance Report released last week.
"Maui's performance was very strong with Wailea being exceptional," Chun said. "The island of Hawaii benefited from five good months to begin the year, which offset a downturn in occupancy during June while Kilauea volcano was continuing to erupt."
For last month, hotel revenue in the state increased by nearly 5 percent to $227, and the daily rate also grew by about 5 percent to $277, Chun said.
Information from: Honolulu Star-Advertiser, http://www.staradvertiser.com