Hawaii hotel occupancy seeing slight gains

We have been seeing slight gains in hotel occupancy in Hawaii.  The overall occupancy rate is modestly up 2% to 71.9% from the previous week.  Oahu’s occupancy rate was the highest among the islands at 76.6% which was up over 4% week over wee. The worst performing island was the Big Island at 57.4%.

The average room rate for the state was $203.48 per night which up 3.2% over last year.  Maui made the most per room at $278.11 per night.  Oahu earned the least per room at $$167.83 per night.

It is important to keep an eye on our economic indicators such as the health of tourism which can translate into the health of the real estate sector for Hawaii.  To learn more about Hawaii real estate contact Malia L. Meenderman, R, our principal broker

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