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Article: Isle hotel room rates rise 7.5%
- Article from:
- Honolulu Star - Bulletin
- Article date:
- February 1, 2008
- Author:
CopyrightCopyright Honolulu Star - Bulletin Feb 1, 2008. Provided by ProQuest LLC. (Hide copyright information)
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face=+Bold; The state's hotels generated a record-setting $3.1 billion despite fewer guestsface=-Bold;
Hawaii's hotel room rates jumped 7.5 percent year-over-year in December, due in part to the Honolulu Marathon and a brisk holiday season, according to the latest hotel report released yesterday by face=+Bold; Hospitality Advisors LLCface=-Bold; .
Room rates grew to $224.70 -- a new record for December. While statewide occupancy dropped by 1.7 percentage points to 70.6 percent, revenue per available room rose by 5 percent during the month to $158.58.
Occupancy on Kauai -- the only island to record gains in occupancy and room rates in December and the full year -- rose by 5.1 percentage ...