Occupancy gains Hotel and resort condominium occupancy in August was virtually the same as a year ago, but room revenues fell 2.2 percent, according to a new survey by accounting firm PKF-Hawaii.
slightly while room
revenues fall
Star-Bulletin Staff
Statewide occupancy last month was 80.7 percent, slightly up from 80 percent last year, PKF said yesterday. Revenue per available room, a key financial indicator, was down to $125.38 from $128.15. Room rates were also down 3 percent to $155.45 from $160.13.
"This is one of the few months that has shown an increase since September 2001," said Daisy Aio, PKF's director of management and tourism consulting. "However, we remain cautious for the remainder of the year due to other uncertainties such as the effects from the stock market, fluctuations in the yen, and the turmoil in the Middle East."
Earlier this week, the state reported August visitor arrivals were down 4.5 percent.
Waikiki properties saw slightly more rooms filled, 80.8 percent from 80.5 percent, PKF said. Occupancy rose to 80.9 percent on the Big Island, but fell on Maui, to 82.7 percent from 83.9 percent. Kauai occupancy was about the same at 79.2 percent.
Molokai's occupancy, traditionally the lowest of the islands, jumped slightly to 50 percent from 42.1 percent, a 19 percent increase. Occupancy is not available for Lanai, a mostly private island owned by Castle & Cooke.
Room revenues were down in most parts of the islands. Waikiki was down 4.5 percent to $88.94. Kauai room revenues fell to $120.69, a 6.7 percent decrease. Revenues slipped about 1 percent at Kaanapali, Maui, as well as the Kohala Coast on the Big Island.
Hilo room revenues rose slightly, up 2.3 percent to $52.35, as did Kona revenues, up 6.5 percent to $74.29.
PKF's monthly survey consists of 73 hotels and 55 resort condominiums, representing a little less than half the total rooms in Hawaii.
