January 12, 2009

Wonder what the news is on Hawaii Hotel Occupancy numbers?

In follow-up to Report on the Current State of Visitor Occupancy Numbers in Hawaii...Trouble Ahead of December 27, 2008, was looking for information on this and found the following older article Maui feels pain of $166M tourism decline with the quote:

"‘It’s an unusual year’ Moore added one caveat: “The worst-case scenario is if occupancy falls below the 50 percent line. If that happens, then I’ll be very concerned.” That scenario appears closer than it has all year. Preliminary numbers for the week ending Oct. 4 show hotel occupancy at 56.8 percent, a nearly 20 percentage point drop compared to the same week in 2007."

And also this slightly more recent article Hawaii hotel rooms barely half full with the quote:

"Statewide hotel occupancy for the week ending Dec. 13 fell 7.3 percentage points to 54.4 percent, as compared to the same week last year. Room rates fell as well, down 9.7 percent to $167 a night. Occupancy and room rates for the four main Hawaiian islands were as follows:

Oahu occupancy slipped 0.6 percentage points to 66.7 %, while room rates dropped 10.4 percent to $155
Maui occupancy dropped 19.7 percentage points to 42.6 %, while room rates dipped 0.7 percent to $209
Kauai occupancy dropped 19 percentage points to 41.6 %, while room rates were off 5.5 percent to
$177
Big Island occupancy slipped 1.8 percentage points to 39.7 %, while room rates plunged
18.4 percent to $151.

Nationwide, hotel occupancy decreased 2.9 percentage points to 49.6 percent, while room rates shrunk 0.2 percent to $101."

Will be interested to see what the next news is on late December and current occupancies and level of small business visitor industry commerce in places like Lahaina, Kapaa, et.al.

Aloha, Brad

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