Hospitality Advisors and Smith Travel Research group released a report stating that the hotel industry in the state of Hawaii set a record in July 2012. According to the report, statewide occupancy was 81.9 percent during the month of July, which was a significant increase from the 76.1 percent posted during the same month a year prior. Furthermore, the average daily rate was $214.40 which was an all time high. Revenue per available room was also an all time high of $175.59. The island of Oahu had the highest occupancy rate at 91.8 percent. Maui posted a 74.4 percent occupancy rate, while Kauai had a 75.2 percent occupancy rate. The Big Island of Hawaii had the lowest occupancy rate of 64.1 percent.
Source: Honolulu Star Advertiser, 9-4-2012, 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
