Did Hurricane Lane impact Hawaii hotels?
In August 2019, Hawaii hotels statewide reported growth in revenue per available room (RevPAR), average daily rate (ADR) and occupancy in comparison to August 2018. However, that August 2018&rsquo it ought to be noted;s performance was impacted partly by concerns linked to Hurricane Lane.
According to the Hawaii Hotel Performance Report published by the Hawaii Tourism Authority (HTA), statewide RevPAR risen to $244 (+10.7%), with ADR of $290 (+3.4%) and occupancy of 84.3 percent (+5.5 percentage points) (Figure 1) in August.
HTA’s Tourism Research Division issued the report’s findings utilizing data published by STR, Inc., which conducts the biggest & most comprehensive survey of hotel properties in the Hawaiian Islands.
In August, Hawaii accommodation revenues grew by 8.6 percent to $408.7 million, that is $32.year 5 million higher than last. Room demand was up 5.0 percent to at least one 1.4 million rooms, with supply down 1.8 percent in comparison to this past year (Figure 2). There were 31 approximately,500 fewer available room nights. Several hotel properties over the state were closed for renovation or had rooms out of service for renovation during August.
All classes of Hawaii hotel properties statewide reported RevPAR gains. Luxury Class properties reported a solid upsurge in RevPAR to $469 (+13.0%), driven by a rise in occupancy to 81.9 percent (+8.9 percentage points) and ADR much like this past year. Midscale & Economy Class hotels reported RevPAR of $146 (+8.8%), with ADR of $176 (+2.6%) and occupancy of 82.5 percent (+4.7 percentage points).
Among Hawaii’s four island counties, Maui County hotels led hawaii in RevPAR at $306 (+12.7%), with ADR of $389 (+3.5%) and occupancy of 78.6 percent (+6.5 percentage points) in August. Maui County was led by the strong performance of properties in Wailea, which earned RevPAR of $542 (+9.3%), ADR of $608 (+4.4%) and occupancy of 89.2 percent (+4.0 percentage points).
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Oahu hotels reported RevPAR growth to $227 (+6.5%) in August, with increases in ADR to $255 (+1.5%) and occupancy of 88.8 percent (+4.2 percentage points). Waikiki hotels saw RevPAR, In August adr and occupancy increases.
Hotels on the island of Hawaii saw significant increases in RevPAR to $227 (+35.6%), ADR of $281 (+15.8%) and occupancy at 80.9 percent (+11.8 percentage points) in August when compared to same time this past year. Kohala Coast hotels earned a 54.5 percent upsurge in RevPAR to $342, with ADR of $406 (+16.1%) and occupancy of 84.3 percent (+21.0 percentage points). IN-MAY 2018, Kilauea volcano started erupting in lower Puna, which contributed to a downturn in people to the island of Hawaii in the next months.
Kauai hotels reported flat RevPAR of $213 (+0.2%) in August, with higher occupancy (74.4%, +1.9 percentage points) offsetting a reduction in ADR to $286 (-2.3%).
Tables of hotel performance statistics, including data presented in the report are for sale to viewing online at: https://www.hawaiitourismauthority.org/research/infrastructure-research/
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