Hawaii hotels report lower revenue, lower occupancy, higher daily rate in April 2019

In April 2019, Hawaii hotels statewide reported lower revenue per available room (RevPAR), with higher average daily rate (ADR) and lower occupancy compared to April 2018.

According to the Hawaii Hotel Performance Report published by the Hawaii Tourism Authority (HTA), statewide RevPAR declined to $215 (-0.9%), with ADR of $275 (+2.3%) and occupancy of 78.4 percent (-2.5 percentage points) in April.



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HTA’s Tourism Research Division issued the report’s findings utilizing data compiled by STR, Inc., which conducts the largest and most comprehensive survey of hotel properties in the Hawaiian Islands.

In April, Hawaii hotel room revenues fell by 2.4 percent to $349 million. There were more than 25,000 fewer available room nights (-1.5%) in April and nearly 61,000 fewer occupied room nights (-4.6%) compared to a year ago (Figure 2). Several hotel properties across the state were closed for renovation or had rooms out of service for renovation during April.1

Among the classes of Hawaii hotel properties statewide, only Luxury Class and Upper Midscale Class properties reported RevPAR gains in April. Luxury Class properties reported RevPAR of $422 (+1.7%) with ADR of $548 (+0.4%) and occupancy of 77.0 percent (+1.0 percentage points). Upper Midscale Class hotels reported RevPAR of $124 (+2.2%) with ADR of $153 (+1.5%) and occupancy of 81.3 percent (+0.6 percentage points).


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Among Hawaii’s four island counties, Maui County hotels led the state in RevPAR ($307, +3.0%) in April. ADR grew to $390 (+3.4%) and occupancy was similar to last year (78.7%, -0.3 percentage points). Maui County was boosted by the strong performance of properties in Wailea, which were 91.3 percent occupied (+1.9 percentage points) with ADR of $601 (+4.5%).

Kauai hotels’ RevPAR fell to $201 (-8.1%) in April, with flat ADR of $278 (-0.2%) and lower occupancy of 72.3 percent (-6.3 percentage points).

Hotels on the island of Hawaii reported a drop in RevPAR to $197 (-4.0%) in April, with growth in ADR ($264, +1.5%) unable to offset lower occupancy (74.6%, -4.2 percentage points).

Oahu hotels reported lower RevPAR in April ($183, -1.9%) compared to a year ago. Growth in ADR to $229 (+1.2%) was counter-balanced by a 2.5 percentage point decrease in occupancy to 79.9 percent.

Click here to read the full article.

https://www.eturbonews.com/252569/hawaii-hotels-report-lower-revenue-lower-occupancy-higher-daily-rate-in-april-2019/

 

Source: eTurboNews

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