Even if some hotel markets are still in a sluggish recovery mode, Hawaii hotels are seeing big gains. According to this article from Pacific Business News, Hawaii hotels achieved a record level of revenue this summer, pulling in $1.42 billion.
Data from Smith Travel Research and Hospitality Advisors shows that revenue for hotels in Hawaii rose 8.5 percent over last summer and average daily room rates soared 11.5 percent higher, averaging $240.05. RevPAR was also up 9.2 percent.
In August alone, room revenue reached $339 million, setting a new single-month record.
Hospitality Advisors President and CEO Joseph Toy explained that the U.S. feeder market remains a strong driver for Hawaii hotels, but that international visitation rates also rose, with more interest from Asian countries including Japan, China, and Korea.
More on Pacific Business News.
