Business and Finance

Average Oahu hotel occupancy rose 6.8 percentage points year-over-year to 77.7 percent for the week ending March 27, the highest rate among the major Hawaiian Islands.

At the same time, Oahu’s hotel room rates fell 1.1 percent to $153.39.

Statewide, room occupancy was up 4 percentage points to 71.7 percent, while room rates slid 5.4 percent to $177.37.

Occupancy and room rates for other Hawaii islands were as follows:

• Maui’s average occupancy rose 5.8 percentage points to 74.2 percent, while room rates plunged 9.3 percent to $230.69;

• Kauai occupancy was down 0.8 percentage points to 58.2 percent, while room rates dropped 8.7 percent to $191.42; and

• Big Island occupancy fell 5.1 percentage points to 55.4 percent, while room rates declined 7.5 percent to $166.66.

Nationwide hotel room occupancy inched up 3.3 percentage points to 59.9 percent, while room rates were off 1.6 percent to average $98.29 a night.

The weekly Hawaii hotel industry snapshot, based on a daily hotel survey of approximately 100 properties, is conducted by Smith Travel Research and Hospitality Advisors.

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