Room revenue for the first three-quarters of the year ending September reached an all-time high of $2.27 billion, thanks largely to record year-to-date average daily rates of $165.36, according to data released today by hotel consultancy Hospitality Advisors.

Room demand also grew 1.9 percent over last year to 13.7 million room nights sold, lifting statewide occupancy 3.3 percentage points to 82.5 percent. Statewide revenue per available room — a key measure of profitability — for the year through September also set a record $136.40.

"The third quarter was exceptional," Toy said. "If room revenues keeps pace with the first nine months of the year, we should approach $3 billion in room revenues which will be an all-time high."

Toy attributed the gains in part to growth in higher-spending travelers, including Japanese visitors, the cruise market, U.S. East visitors and business travelers. He also cited overall improvements in hotel properties and public infrastructure in the last several years, particularly in Waikiki.

Overall visitor arrivals are projected to reach a record 7.4 million this year, as Hawai'i continues to benefit from its reputation as an exotic, yet safe, place to visit.

Mesa Air announces proposed interisland fares

Mesa Air Group Inc. today announced its proposed fare structure for its upcoming inter-island service. Mesa has said it plans to begin interisland service early next year.

Fares from Honolulu to Hilo and Honolulu to Kona range, depending on the class, from $46.50 one way/$93 round trip to $85.50 one way/$171 round trip.

Fares from Honolulu to Kahului and Honolulu to Lihue range, depending on the class, from $43 one way/$86 round trip to $85.50 one way/$171 round trip.

The fares do not include any applicable security charges, segment fees or passenger facility fees.