Hawaii hotels make more money with less guests

by: editor | copyright: eTurboNews – Travel & Tourism News


Hawai‘i hotels statewide reported stronger revenue per available room (RevPAR) and average daily rate (ADR) in December 2022 compared to December 2021, but occupancy was lower. When compared to pre-pandemic December 2019, statewide ADR and RevPAR were also higher but occupancy rate was also lower in December 2022.

The report’s findings utilized data compiled by STR, Inc., which conducts the largest and most comprehensive survey of hotel properties in the Hawaiian Islands. For December, the survey included 154 properties representing 46,563 rooms, or 84.2 percent of all lodging properties with 20 rooms or more in the Hawaiian Islands, including those offering full service, limited service, and condominium hotels. Vacation rental and timeshare properties were not included in this survey.

Hawai‘i hotel room revenues statewide totaled $537.7 million (+2.2% vs. 2021, +13.8% vs. 2019) in December. Room demand was 1.2 million room nights (-1.9% vs. 2021, -8.7% vs. 2019) and room supply was 1.7 million room nights (-0.5% vs. 2021, +2.7% vs. 2019).

Luxury Class properties earned RevPAR of $629 (+2.1% vs. 2021, +7.9% vs. 2019), with ADR at $1,102 (+5.1% vs. 2021, +38.7% vs. 2019) and occupancy of 57.1 percent (-1.7 percentage points vs. 2021, -16.3 percentage points vs. 2019). Midscale & Economy Class properties earned RevPAR of $182 (-12.6% vs. 2021, +5.4% vs. 2019) with ADR at $243 (-12.0% vs. 2021, +15.8% vs. 2019) and occupancy of 75.0 percent (-0.5 percentage points vs. 2021, -7.3 percentage points vs. 2019).

Maui County hotels led the counties in December and achieved RevPAR of $468 (-6.8% vs. 2021, +12.9% vs. 2019), with ADR at $734 (-1.0% vs. 2021, +35.6% vs. 2019) and occupancy of 63.7 percent (-4.0 percentage points vs. 2021, -12.8 percentage points vs. 2019). Maui’s luxury resort region of Wailea had RevPAR of $693 (-8.4% vs. 2021, -8.7% vs. 2019), with ADR at $1,269 (+6.5% vs. 2021, +42.6% vs. 2019) and occupancy of 54.6 percent (-8.9 percentage points vs. 2021, -30.8 percentage points vs. 2019). The Lahaina/Kā‘anapali/Kapalua region had RevPAR of $410 (+0.0% vs. 2021, +28.4% vs. 2019), ADR at $615 (+4.7% vs. 2021, +44.9% vs. 2019) and occupancy of 66.5 percent (-3.1 percentage points vs. 2021, -8.6 percentage points vs. 2019).

Kaua‘i hotels earned RevPAR of $320 (+15.9% vs. 2021, +29.8% vs. 2019), with ADR at $444 (+8.3% vs. 2021, +29.6% vs. 2019) and occupancy of 72.1 percent (+4.7 percentage points vs. 2021, +0.1 percentage points vs. 2019).

Hotels on the island of Hawai‘i reported RevPAR at $344 (-3.0% vs. 2021, +31.3% vs. 2019), with ADR at $479 (-1.5% vs. 2021, +45.6% vs. 2019), and occupancy of 71.8 percent (-1.1 percentage points vs. 2021, -7.8 percentage points vs. 2019). Kohala Coast hotels earned RevPAR of $518 (-7.6% vs. 2021, +32.9% vs. 2019), with ADR at $798 (+0.1% vs. 2021, +62.1% vs. 2019), and occupancy of 64.8 percent (-5.4 percentage points vs. 2021, -14.2 percentage points vs. 2019).

O‘ahu hotels reported RevPAR of $238 (+12.3% vs. 2021, -0.3% vs. 2019) in December, ADR at $320 (+13.1% vs. 2021, +11.3% vs. 2019) and occupancy of 74.4 percent (-0.6 percentage points vs. 2021, -8.7 percentage points vs. 2019). Waikīkī hotels earned RevPAR of $227 (+13.9% vs. 2021, -2.7% vs. 2019), with ADR at $304 (+14.1% vs. 2021, +8.7% vs. 2019) and occupancy of 74.8 percent (-0.1 percentage points vs. 2021, -8.7 percentage points vs. 2019).


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Hawaii hotels make more money with less guests

 

Source: eTurboNews

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