Tuesday, March 8, 2011

Hawaii hotel occupancy hits new low - Pacific Business News (Honolulu):

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percentage points to 61.9 percentt in May. That’s the lowest occupancuy level recorded since when first surveyed the Hawaii hotel The average 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 percentr to $102, as compared with May 2008. Occupancy, room ratews and revpar for the four main Hawaiian islands wereas • Oahu occupancy fell 3.6 percentagw points to 69.2 percent, room rates were down $19 to $145, and revpad was off $18 to $101; Maui occupancy dropped 9.8 percentage pointse to 55.
9 percent, room rates plummeted $36 to and revpar declined $44 to $117; • Kauaji occupancy decreased 10.3 percentage pointds to 59.4 percent, room rates slid $16 to and revpar was down $29 to and • Big Island occupancy slumpef 8.2 percentages points to 49.3 percent, room ratesa dipped $24 to $164, and revpar fell $27 to $81. The Hawai hotel monthly report is surveyed by Hospitality Advisorsand .

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