May was a good month for statewide hotel occupancy. Hospitality Advisors LLC and STR reported statewide hotel occupancy was 72.7 percent - 0.6 percentage point above the 72.1 percent rate in May 2013. Room revenue was also up to $390 million. The average daily rate was $218.64 and revenue per available room, which is a key measure of how profitable a hotel is, rose 4.8 percent to $158.95. Hawaii's average daily rate was the highest in the nation.
Posted July 23rd, 2014 @ 1:33pm