Posted at 12:30 p.m., Wednesday, May 31, 2006
Hawaii hotels rake in record revenue in April
Advertiser StaffHawai'i's hotel industry enjoyed record-high room rates and revenue last month despite just a slight increase in occupancy.
Statewide hotel occupancy last month grew 1.3 percentage points to 76.4 percent, according to data released today by Hospitality Advisors LLC.
Average daily rates rose 17.4 percent to an April record of $186.29, and revenue per available room was $142.35, up 19.4 percent.
Maui and O'ahu enjoyed higher occupancy and room rates. Hotel occupancy on the Big Island and Kaua'i declined 1 percentage point and 3.3 percentage points, respectively. But room rates on those islands also rose.
Hawai'i's luxury and upscale properties saw growth in occupancy, while budget to midprice hotels saw declines. But properties in all categories enjoyed strong gains in average room rates and revenue per available room.
The survey, compiled by Smith Travel Research with Hospitality Advisors, included 139 properties representing 46,424 rooms, or 77.9 percent of all lodging properties with 20 rooms or more in the state, including full service, limited service and condominium hotels.