Hotel properties in Hawaii’s four island counties all reported RevPAR increases for 2018. The Hawaiian Islands ranked third for occupancy at 79.8 percent, trailing New York City and San Francisco/San Mateo. markets in ADR at $278 followed by New York City and San Francisco/San Mateo. The San Francisco/San Mateo market ranked third at $198 (+4.3%). markets, the Hawaiian Islands ranked number two in RevPAR at $222, following New York City at $229 (+3.4%). Total room revenues statewide was $4.36 billion in 2018, up 4.6 percent from 2017. Total room demand for 2018 was down 0.5 percent to 15.676 million room nights sold. Rooms out of service for 30 days or more are considered to be closed by STR. Contributing to the decrease in 2018 were the closing of Volcano House and other properties temporarily taking rooms offline for renovations. There were 6,800 fewer available hotel room nights statewide in 2018 (19.648 million room nights available) compared to 2017 (19.655 million room nights available). At the other end of the price spectrum, Midscale & Economy Class properties earned growth in RevPAR to $131 (+8.2%) and ADR to $164 (+8.9%), with occupancy decreasing slightly to 79.6 percent (-0.6 percentage points).įewer Available Hotel Room Nights in 2018 Luxury Class hotels earned higher RevPAR of $415 (+5.3%) and ADR increased to $556 (+6.0%), while occupancy decreased slightly to 74.6 percent (-0.5 percentage points). ETN Chatroom: Discuss with readers from around the world:Īll classes of Hawaii hotel properties statewide reported RevPAR growth in 2018.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |