Hawaii Hotels Set New Revenue Record in October 2013

According to a report by Hospitality Advisors LLC, Hawaii hotels collected a record setting $269 million for the month of October 2013.  While the state did see a 1.4 percent decrease in the number of rooms rented as compared to the same month a year prior, the average daily rate rose nearly 10 percent from October 2012.  As a result, the revenue per available room rose to $152.83, which was a record high for October.

Source: Honolulu Star Advertiser, 12-25-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
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