Hawaii hotels raking in higher numbers across the board

by: Linda Hohnholz, eTN editor | copyright: eTurboNews – Travel & Tourism News

Revenue per available room (RevPAR) and average daily rate (ADR) and occupancy rate in November 2022 compared to November 2021 were on the rise. When compared to pre-pandemic November 2019, statewide ADR and RevPAR were also higher but occupancy rate was lower in November 2022.

According to the Hawai‘i Hotel Performance Report published by the Hawai‘i Tourism Authority (HTA), statewide RevPAR in November 2022 was $243 (+22.4%), with ADR at $345 (+3.6%) and occupancy of 70.5 percent (+10.8 percentage points) compared to November 2021. Compared with November 2019, RevPAR was 17.9 percent higher, driven by higher ADR (+32.3%) which offset lower occupancy (-8.6 percentage points).

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 November, the survey included 153 properties representing 46,264 rooms, or 83.7 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 $403.7 million (+21.9% vs. 2021, +21.2% vs. 2019) in November. Room demand was 1.2 million room nights (+17.6% vs. 2021, -8.4% vs. 2019) and room supply was 1.7 million room nights (-0.4% vs. 2021, +2.8% vs. 2019).

Luxury Class properties

In this category, hotels earned RevPAR of $449 (+10.3% vs. 2021, +19.4% vs. 2019), with ADR at $768 (+6.7% vs. 2021, +49.9% vs. 2019) and occupancy of 58.4 percent (+1.9 percentage points vs. 2021, -14.9 percentage points vs. 2019). Midscale & Economy Class properties earned RevPAR of $142 (-1.7% vs. 2021, +7.3% vs. 2019) with ADR at $193 (-14.3% vs. 2021, +19.3% vs. 2019) and occupancy of 73.4 percent (+9.4 percentage points vs. 2021, -8.2 percentage points vs. 2019).

Maui County hotels led the counties in November and achieved RevPAR of $351 (+1.0% vs. 2021, +29.7% vs. 2019), with ADR at $538 (+1.4% vs. 2021, +49.5% vs. 2019) and occupancy of 65.2 percent (-0.3 percentage points vs. 2021, -10.0 percentage points vs. 2019). Maui’s luxury resort region of Wailea had RevPAR of $502 (+2.1% vs. 2021, +8.0% vs. 2019), with ADR at $857 (+10.6% vs. 2021, +55.2% vs. 2019) and occupancy of 58.6 percent (-4.9 percentage points vs. 2021, -25.6 percentage points vs. 2019). The Lahaina/Kā‘anapali/Kapalua region had RevPAR of $316 (+9.0% vs. 2021, +46.9% vs. 2019), ADR at $471 (+8.1% vs. 2021, +57.9% vs. 2019) and occupancy of 67.0 percent (+0.5 percentage points vs. 2021, -5.0 percentage points vs. 2019).

Kaua‘i hotels earned RevPAR of $273 (+22.4% vs. 2021, +47.5% vs. 2019), with ADR at $364 (+13.2% vs. 2021, +47.0% vs. 2019) and occupancy of 75.1 percent (+5.6 percentage points vs. 2021, +0.2 percentage points vs. 2019).

Hotels on the island of Hawai‘i reported RevPAR at $266 (+10.0% vs. 2021, +43.7% vs. 2019), with ADR at $372 (+7.2% vs. 2021, +52.5% vs. 2019), and occupancy of 71.4 percent (+1.8 percentage points vs. 2021, -4.3 percentage points vs. 2019). Kohala Coast hotels earned RevPAR of $395 (+5.2% vs. 2021, +45.5% vs. 2019), with ADR at $576 (+5.4% vs. 2021, +65.3% vs. 2019), and occupancy of 68.5 percent (-0.1 percentage points vs. 2021, -9.3 percentage points vs. 2019).

O‘ahu hotels reported RevPAR of $186 (+54.5% vs. 2021, -0.5% vs. 2019) in November, ADR at $259 (+14.8% vs. 2021, +13.4% vs. 2019) and occupancy of 71.9 percent (+18.5 percentage points vs. 2021, -10.1 percentage points vs. 2019). Waikīkī hotels earned RevPAR of $177 (+61.4% vs. 2021, -6.0% vs. 2019), with ADR at $246 (+19.3% vs. 2021, +8.6% vs. 2019) and occupancy of 71.8 percent (+18.8 percentage points vs. 2021, -11.2 percentage points vs. 2019).

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Hawaii hotels raking in higher numbers across the board

Source: eTurboNews