Key facts about the act
Hawaii‘s hotel industry has been dealing with declining occupancy for 12 straight months — but no longer. Pacific Business News reported that occupancy rose 0.6 percent state-wide to 72.7 percent for the month of May, a gain inline with the 1.4 percent increase in visitors to the country. The majority of these visitors hail from the U.S., Japan and Canada.
Average daily rates (ADR) rose 3.9 percent to $218.64, while revenue per available room (RevPAR) increased 4.8 percent to $158.95. A new record was set for the month of May, with $390 million earned in total hotel revenue, with a 3.6 percent increase in visitor daily spending being attributed to honeymooners.
Oahu‘s hotel occupancy rate reached 90 percent — a 2.6 percentage-point increase from 2013 — followed by Kauai at 75.7 percent (down 1.5 percentage points), Maui at 72.4 percent (a 2.8 percentage-point decrease) and Hawaii Island at 64.6 percent (an increase of 2.8 percentage points).