Thursday, August 16, 2012

Hawaii hotel room prices down 17% - Pacific Business News (Honolulu):

humojo.wordpress.com
Room rates, meanwhile, continue to slide steeply. For the week endingf June 6, statewide occupancy was down 3.4 percentagse points to 62.3 percent, while room rate s plunged 17.1 percent to average $162 a night, as compared with the same weekin 2008. Oahu occupancy inched up 0.3 percentage points to 71.4 percent, whilre room rates plummeted 16.1 percentf to $144; • Maui occupancy dippecd 4.2 percentage points to 57.2 percent, while room ratese fell 18.5 percent to $206; • Kauaki occupancy dove 17.9 percentage points to 53.3 while room rates dropped 15.6 percent to and • Big Island occupancy slid 6.4 percentage pointd to 45.5 percent, while room rates were off 14.
5 percentg at $150. Nationally, hotek occupancy was off 9.1 percentage points at 56.6 while room rates were down 10.5 percent to $95. The weekluy Hawaii hotel industry snapshot was surveyed byand .

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