In a report released by Hospitality Advisors LLC, the island of Oahu had the highest hotel occupancy rate in the state at 84.7 percent. In comparison, the record for the island of Oahu was set in 2005 at 85.3 percent. Maui had a hotel occupancy rate of 72.6 percent. Kauai had a hotel occupancy rate of 68.9 percent. The Big Island of Hawaii had a hotel occupancy rate of 62 percent. Statewide, the average daily rate (ADR) was $204.15 and the revenue per available room (RevPAR) was $156.99.
Source: Honolulu Star Advertiser, 2-26-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
