Published on : Thursday, December 28, 2017
Hotels in the Hawaiian Islands earned more revenue per available room (RevPAR) in November at $190 (+5.5%) compared to a year ago, according to the Hawai‘i Hotel Performance Report released by the Hawai‘i Tourism Authority (HTA).
Additionally, both average daily rate (ADR) in November at $243 (+1.4%) and occupancy at 78.5 percent (+3 percentage points) grew year-over-year.
HTA’s Tourism Research Division issued the report’s findings utilizing data compiled by STR, Inc., which conducts the largest and most comprehensive survey of hotel properties in the Hawaiian Islands.
Jennifer Chun, HTA director of tourism research, commented, “November was a good month for hotel properties as a whole, as RevPAR increased statewide and for each island county, most notably on the neighbor islands. These across-the-board increases help support jobs and families in each county and generate increased state tax revenue, which ultimately helps to fund community needs statewide.
“The biggest eye-opener for November were the impressive results reported for Midscale and Economy Class hotels, with RevPAR jumping by 18.4 percent and occupancy by 10.1 percent. That kind of increase in occupancy is phenomenal considering that tourism in Hawai‘i has been thriving in recent years. It’s a sign the industry did an effective job in attracting price-conscious travelers, especially to O‘ahu where the increase in occupancy was 12.9 percent.
“Year-to-date, hotel properties on the island of Hawai‘i and Kaua‘i continue to report the strongest rate of growth in both RevPAR and occupancy. Occupancy for Kaua‘i hotels has risen to 76.8 percent and for hotels on the island of Hawai‘i to 74.3 percent, meaning the gap between these islands with hotel occupancies on O‘ahu and Maui has closed considerably this year.”
As seen in the accompanying tables, all classes of hotel properties in Hawai‘i earned more per available room in November compared to a year ago. Midscale and Economy Class hotels charted the highest RevPAR growth statewide for November to $111 (+18.4%), boosted by growth in both occupancy at 79.1 percent (+10.1 percentage points) and ADR at $140 (+3.3%).
Upper Upscale Class properties statewide achieved the highest occupancy rate at 83.6 percent (+1.2 percentage points) in November, however, ADR for this class of hotel properties remained unchanged from a year ago.
All four island counties in Hawai‘i achieved higher RevPAR in November year-over-year. Hotels in Maui County recorded the highest RevPAR at $236 (+6.5%), supported by growth in both ADR to $314 (+4.7%) and occupancy at 75.2 percent (+1.2 percentage points).
Kaua‘i hotels earned the largest gain in RevPAR to $168 (+13%) in November, boosted by increases in ADR to $232 (+4.2%) and occupancy at 72.5 percent (+5.6 percentage points).
Hotels on the island of Hawai‘i achieved the highest rate of growth in occupancy at 73.2 percent, up 10.8 percentage points, in November. This drove the island’s RevPAR growth to $167 (+12.9%), despite the ADR declining to $228 (-3.8%).
Source:- Hawai‘i Tourism Authority