Occupancy returnsOccupancy in Hawaii hotels and resort condominiums returned to historical levels in October, and remained substantially down from the banner year in 2000, according to a report today from consultants at PKF-Hawaii.
to higher level
The number of occupied rooms is stillMore Japanese tourists expected back in isles
down from 2000, however
Room revenue, a major financial indicator for hotels and resorts, bounced 16 percent to $90.33 from $77.69. Posted daily room rates dipped slightly to $129, on average.
Across the state, hotels and resort properties were 70 percent full last month on average, compared with occupancy of 59.5 percent in the same month last year, PKF said. October has seen a historical occupancy in the low- to mid-70s, said Daisy Aio, director of tourism consulting for PKF. Year 2000 occupancy for October was 78 percent on average.
The state reported yesterday that October visitor arrivals rose 32percent from 2001, but were down 7.7 percent from 2000.
For the first 10 months of the year, statewide occupancy fell 0.75 percent from last year, while revenue dropped 5.3 percent, PKF said.
For hotels in October, Kauai had the strongest occupancy at 77.2 percent, while the Big Island's upscale Kohala Coast had the largest occupancy increase, to 64.3 percent from 49.8 percent, PKF said.
Waikiki hotels and resorts were 72.7 percent full, up 14.1 percentage points from 58.6 percent last year. Overall occupancy on the Big Island rose 11.9 percentage points to 66.9 percent. Maui occupancy increased 5 percentage points to 68 percent.
Waikiki room revenue jumped 21 percent to $71.43. The Big Island had a similar leap, with revenue rising 26 percent to $107.63. On Maui, revenue grew 8.2 percent to $112.12, while on Kauai, revenue increased 13.4 percent to $102.58.
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