We use cookies to improve your experience on our website. By browsing this website, you agree to our use of cookies.

Disclosure: This article may contain affiliate links, meaning, at no additional cost to you, we will earn a commission if you click through and make a purchase.

Hawaii hotels' RevPAR and ADR led the U.S. markets

Hawaii Lanikai Timeshare

According to the Hawaii Hotel Performance Report issued by the Hawaii Tourism Authority (HTA), Hawaii hotels statewide reported modest increases in revenue per available room (RevPAR) and average daily rate (ADR) with flat occupancy, all of which kept the Hawaiian Islands competitive with other domestic and international markets during the Q3 2018.

RevPAR in the Hawaiian Islands increased to $225 (+6.1%), ADR grew to $278 (+5.7%), with occupancy staying flat at 81.0 percent (+0.3 percentage points) in the first three quarters compared to last year.

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.

Jennifer Chun, HTA tourism research director, noted, “The increases in RevPAR and ADR through nine months are due to the strong performance that Hawaii hotels realized in the first half of the year.”

All classes of Hawaii’s hotel properties reported RevPAR growth in the first three quarters of 2018. Year-to-date through September, Luxury Class hotels statewide earned growth in both RevPAR to $418 (+6.6%) and ADR to $553 (+6.6%), while occupancy remained flat at 75.6 percent. At the other end of the price spectrum, Midscale & Economy Class properties statewide saw RevPAR increase to $135 (+11.3%) and ADR grow to $166 (+9.8%), with occupancy at 81.3% (+1.1 percentage points).

Compared to other top U.S. markets, the Hawaiian Islands ranked first in RevPAR at $225 (+6.1%) through three quarters, a period in which U.S. hotels nationwide reported RevPAR growth. New York City ranked second at $215 (+3.5%) with San Francisco/San Mateo third at $204 (+5.1%).

The Hawaiian Islands also led the U.S. markets in ADR at $278 (+5.7%), again followed by New York City at $248 (+2.5%) and San Francisco/San Mateo at $243 (+6.1%).

The Hawaiian Islands ranked third for occupancy at 81.0 percent (+0.3 percentage points), with New York City holding the top spot at 86.7% (+0.9 percentage points) and San Francisco/San Mateo ranking second at 83.7% (-0.8 percentage points).

 





728х90_англ.

Search