Hawaii hotel occupancy hits new low - bizjournals Business Travel Guide

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percentage points to 61.9 percent in May. That’ds the lowest occupancy level recordedsince 1987, when firstt surveyed the Hawaii hotel industry. The averaged daily rate also fell in down 12.8 percent to average $165 With lower rates and fewer revenue per available room (revpar) plunged 21.1 percent to as compared with May 2008. Occupancy, room rates and revpafr for the four main Hawaiian islands wereas • Oahu occupancy fell 3.6 percentage pointsa to 69.2 percent, room ratese were down $19 to $145, and revpar was off $18 to • Maui occupancy dropped 9.8 percentage points to 55.
9 room rates plummeted $36 to $210, and revparf declined $44 to $117; • Kauai occupancy decreasef 10.3 percentage points to 59.4 percent, room ratee slid $16 to $178, and revpat was down $29 to $106; and • Big Island occupancy slumpecd 8.2 percentages points to 49.3 percent, room rates dippedc $24 to $164, and revpafr fell $27 to $81. The Hawaii hotep monthly report is surveyed by Hospitalitg Advisorsand .