STAR ADVERTISING BODY / NOV. 2015
In November, Hawaii hotel room revenues increased nearly 8% year over year to $ 330.3 million.
Hawaii’s hospitality industry saw nationwide gains in all key performance metrics in November, according to a Hawaii Tourism Authority report released Thursday using data from STR.
Nationwide occupancy rose by almost 3% to 78.8% in November. The average daily rate rose more than 4% to nearly $ 260. Revenue per available room, considered by many in the industry to be the best measure of performance as it is the revenue any hotel earns per room regardless of its occupancy status, rose more than 8% to nearly $ 205 Dollar.
Oahu, Maui and the island of Hawaii also saw increases in all three categories in November; However, Kauai saw apartment occupancy and a decline in the average daily rate and revenue per available room.
In November, Hawaii hotel room revenues increased nearly 8% year over year to $ 330.3 million. In the same period, the demand for rooms rose by more than 3% to 1.3 million overnight stays. At the same time, the number of rooms on offer fell by almost 0.5% to 1.6 million overnight stays.
For the year to date, nationwide occupancy has remained unchanged at 80.9%, the average daily rate rose by almost 2% to just over USD 276, and revenue per available room rose by more than 2% to over USD 223. Occupancy in Oahu was flat, but it saw increases in the average daily rate and revenue per available room. Maui and the island of Hawaii saw annual growth in all three categories. However, Kauai has seen declines in all three categories year-to-date.
Year-to-date results take into account the slow start of the industry early in 2019. The industry didn’t really pick up in 2019 until after May, when comparisons of tough times, including the 2018 lava eruptions, were made this year to look more favorable.
So far this year, hotel room revenues in Hawaii have been just above the level nationwide at just over $ 4 billion. In the same period, the demand for rooms fell by more than 1% to almost 14.6 million overnight stays. At the same time, the number of rooms on offer fell by 1.5% to 18 million overnight stays.
Click here to see our full coverage of the coronavirus outbreak. Submit your coronavirus news tip.