Kauai Hotels Do Well in First Half of 2018
Original Article: The Garden Isle - http://www.thegardenisland.com/2018/07/27/hawaii-news/kauai-hotels-do-well-in-1st-first-half-of-2018/
Kauai’s hotels led the state in growth of revenue per available room (RevPAR) for the first six months of 2018 ($233, plus 15.2 percent), boosted by increases in average daily room rate (ADR) to $295 (plus 12 percent) and occupancy of 79.2 percent (plus 2.2 percentage points).
Kauai hotels also earned the state’s highest county RevPAR growth in June, increasing to $228 (plus 11.6 percent), which was supported by an ADR of $294 (plus 10.1 percent) and occupancy of 77.4 percent (plus 1 percentage point).
Hawaii hotels statewide recorded the highest RevPAR and ADR of the top U.S. markets in the first six months of 2018, according to the Hawaii Hotel Performance Report released this week by the Hawaii Tourism Authority.
Year-to-date, RevPAR in the Hawaiian Islands grew to $229 (plus 7.9 percent), ADR rose to $280 (plus 6.0 percent) and occupancy increased to 81.7 percent (plus 1.4 percentage points) in the first half of 2018 compared to the same period last year.
The strong, across-the-board performance raised the Hawaiian Islands’ RevPAR to $229 and earned a No. 1 nationwide ranking when compared to other top U.S. markets for the first half of 2018.
Hawaii ranked second nationally for occupancy at 81.7 percent, trailing New York City at 85.2 percent and being on par with Orlando.
“For Hawaii to earn the No. 1 ranking in the U.S. in both RevPAR and ADR as the market is rising nationally is a significant achievement for the state,” said Jennifer Chun, HTA tourism research director. “Most U.S. markets reported RevPAR growth in the first half of 2018. Very few markets were down compared to a year ago.”