Revenue and Occupancy for Maui Hotels Drop, Report FindsMarch 2, 2019, 2:45 PM HST · Updated March 2, 2:45 PM 0 Comments
According to a report from the Hawaiʻi Tourism Authority, Maui County hotels led the state in revenue per available room in January of this year. However, the RevPAR for Maui County hotels decreased from January of last year. Both the average daily rate and occupancy for Maui County hotels dropped as well. Resorts in the Wailea and Lahaina/Kaʻanapali/Kapalua regions reported losses in RevPAR for the month compared to a year ago.
According to the HTAʻs Hawaiʻi Hotel Performance Report, Hawaiʻi hotels statewide reported a small rise in average daily rate, but a drop in occupancy led to lower RevPAR. Statewide RevPAR declined 2%, ADR rose 1%, and occupancy declined 3% in January compared to last year.
Hawaiʻi hotel room revenues fell 4%, with nearly 25,000 fewer available room nights in the month compared to a year ago. All categories of Hawaiʻi hotel properties statewide reported declines in occupancy in January.
Among Hawaiʻi’s four island counties, only hotel properties on Oʻahu reported growth in RevPAR in January. However, RevPAR and ADR for Oʻahu hotels only increased by 1%, and occupancy for these hotels slightly dropped.
Both Hawaiʻi Island and Kauaʻi hotels’ RevPAR declined 4% in January, with increases in ADR offset by lower occupancy rates from the previous year. Among Hawaiʻi’s resort regions, RevPAR for the Waikīkī and the Kohala Coast during the month was similar to a year ago.
More information is available online.