Hotels on Kauai and Maui saw their average room rates rise by more than 5 percent last week, compared to the same week last year, as the statewide average daily rate reached $219, according to the weekly report from Hospitality Advisors LLC and STR Inc.
The statewide hotel occupancy rate was 72.8 percent for the week of Aug. 31 to Sept. 6, a 1.7 percentage-point increase from the same time period last year, and the average daily room rate increased to $218.83, a 3.3 percent increase compared to last year.
Oahu hotels had the highest occupancy rate last week at 81.7 percent, a 0.9 percentage-point climb from the year before; followed by Kauai at 66.6 percent, a 2.2 percentage-point drop; Maui at 65 percent, a 3.7 percentage-point increase; and the Big Island at 55.8 percent, a 3.9 percentage-point rise.
Maui commanded the highest average daily room rate at $253.17, a 5.8 percent increase from last year; followed by Kauai at $226.73, a 6.2 percent jump; Oahu at $209.70, a 3.3 percent rise; and Big Island at $196.62, a growth of 2.5 percent.
Posted on September 13, 2014 at 11:44 am by James G. Pycha