According to a report released by Hospitality Advisors LLC, hotel revenues for the state of Hawaii increased to $249.7 million, or a 11.6 percent increase, in October 2012. President and CEO of Hospitality Advisors, Joseph Toy, stated, “I’m confident that we’ll hit a record for hotel revenues for the whole of 2012. The visitor market redefined itself this year, and we’ve got momentum heading into 2013 and 2014.” In terms of hotel occupancy, Oahu had the highest rate at 82 percent for the month of October. Maui came in second with a 69.1 percent occupancy rate. Kauai had a 68 percent occupancy rate and the Big Island of Hawaii had a 61.4 percent occupancy rate. Industry experts are extremely happy with the number of visitors that are staying on Oahu, but have expressed concern as to how they can increase tourism to the neighbor islands.
Source: Honolulu Star Advertiser, 12-17-2012, 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
