Posted at 3:25 p.m., Wednesday, March 1, 2006
Hawai'i hotels rake in record revenue
Advertiser StaffHawai'i hotels raked in record room revenues in January, led by big increases in luxury and upscale properties.
The average daily room rate rose to $180 from $160 a year earlier, and was the highest ever for January. Revenue per available room jumped to $147 from $129, and also was a record for the month, according to Hospitality Advisors LLC.
Statewide hotel occupancy rose by one percentage point to 81.6 percent. Luxury properties were 79.8 percent occupied, up 2.5 percentage points from a year earlier. The average daily rate for luxury hotels was $287, up from $263.
The state yesterday reported 595,753 visitors came to the Islands in January, a 3.9 percent increase over a year earlier and the most ever for the month.