Posted at 4:43 p.m., Monday, December 4, 2006
Hotel occupancy slips in October, but room rate rises
Advertiser Staff
Hawai'i's hotel occupancy in October cooled slightly from a year earlier's simmering pace, though hoteliers said the month was a good one in terms of what they were able to charge for rooms.Statewide room occupancy slipped to 75.7 percent, a 3.7 percentage points decline from October 2005, according to Honolulu-based Hospitality Advisors LLC.
The decline was offset by hotels getting more for their services, with average room rates rising 6.8 percent to $169.09, a record for October.
Hopitality Advisors, which compiled its report in conjunction with Smith Travel Research, said revenue per available room, an important metric for hotels, rose 1.8 percent to $128, also a new high for October.
