Updated at 1:30 p.m., Wednesday, September 5, 2007
Hotel occupancy drops in July, average room rate soars
Advertiser Staff
Hawai'i hotel occupancy dropped by 5.6 percentage points in July while the average room rate hit a new record for the month, according to a report released today.The average occupancy rate statewide fell to 81.0 percent, according to the report from Hospitality Advisors LLC.
The average daily room rate statewide grew by 4.6 percent to $210.49, representing a new record high for the month of July, according to the report. But softer demand meant that the average revenue per available room dipped by 2.2 percent to $170.57 statewide.
For more information visit: www.hospitalityadvisors.com.
