Honolulu Star-Advertiser

Thursday, November 21, 2024 76° Today's Paper


Hawaii NewsTop News

Hawaii hotels top the nation in 2019 for two performance measures

STAR-ADVERTISER / 2015
                                The Sheraton Waikiki and the The Royal Hawaiian, a Luxury Collection Resort, are seen along Waikiki Beach. Hawaii hotels finished 2019 with the nation’s top hotel rate and revenue per available room, although occupancy earned a slightly lower ranking as the nation’s third best.

STAR-ADVERTISER / 2015

The Sheraton Waikiki and the The Royal Hawaiian, a Luxury Collection Resort, are seen along Waikiki Beach. Hawaii hotels finished 2019 with the nation’s top hotel rate and revenue per available room, although occupancy earned a slightly lower ranking as the nation’s third best.

Hawaii hotels finished 2019 with the nation’s top hotel rate and revenue per available room, although occupancy earned a slightly lower ranking as the nation’s third best.

Occupancy at Hawaii hotels in 2019 rose to 81.2%, a small bump of 0.9 percentage points, according to hotel statistics released today by the Hawaii Tourism Authority, using data from market research firm STR. However, the average daily rate at Hawaii hotels rose nearly 3% to $283 and revenue per available room climbed nearly 4% to $229. Many hotel professionals consider revenue per available room to be one of the most telling performance measures as it represents the amount of revenue each hotel earned per room regardless of the room’s occupancy status.

Most hotel markets statewide saw gains across all categories, except Oahu and Kauai.

There were downturns in every category for Kauai, and Oahu’s occupancy was flat, although at 84.2% it was the state’s highest occupancy. At the same time, Oahu realized 2% growth in average daily rate, which increased to nearly $241 and a nearly 3% rise in revenue per available room, which climbed to nearly $203.

Maui County continued to have the state’s highest rate at $399 and revenue per available room at $310. Hawaii island, which had a year of recovery after heightened volcanic eruptions in 2018, posted the best growth rate of the Hawaiian islands for revenue per available room, which increased nearly 7% to $205.

By participating in online discussions you acknowledge that you have agreed to the Terms of Service. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. Report comments if you believe they do not follow our guidelines. Having trouble with comments? Learn more here.