Hawaii hotels statewide report continued strong growth in May
Hawaii hotels statewide continued the strong growth in 2018 with May reporting increases in revenue per available room (RevPAR), average daily rate (ADR) and room occupancy, according to the Hawaii Hotel Performance Report issued today by the Hawaii Tourism Authority (HTA).
Hotels statewide averaged RevPAR of $203 (+8.1%), ADR of $256 (+6.1%), and occupancy of 79.5 percent (+1.5 percentage points) in May compared to a year ago (Figure 1).
Jennifer Chun, HTA tourism research director, said, “May was a good month for Hawaii’s hotel industry, as everything was up on a statewide basis with the four counties reporting growth in RevPAR and ADR and all classes of hotel properties performing well. The results for Waikiki and Wailea were particularly notable, with both regions generating high occupancy along with solid growth in RevPAR and ADR, and hotels on the island of Hawaii did well overall during the month of May.”
Year-to-date through May, hotels statewide have averaged RevPAR of $230 (+8.6%) and ADR of $281 (+6.3%) with occupancy of 81.7% (+1.8 percentage points) versus the same period last year (Figure 2). All four counties reported year-over-year growth in all three categories, highlighted by increases in RevPAR for Kauai (+15.9% to $234), the island of Hawaii (+13.3% to $220), Maui (+12% to $318) and Oahu (+4.1% to $194).
All classes of hotel properties reported RevPAR, ADR, and occupancy growth on a statewide basis. Midscale & Economy Class hotels led all classes of Hawaii hotel properties in growth of RevPAR (+14.7% to $128) in May, bolstered by increases in ADR to $156 (+10.1%) and occupancy of 81.8 percent (+3.3 percentage points). Upscale Class hotels grew RevPAR to $147 (+14.1%), with increases in both ADR to $197 (+8.7%) and occupancy of 74.9% (+3.5 percentage points).
All four counties reported RevPAR increases for May. Kauai hotels earned the state’s highest growth in RevPAR (+14.5% to $214), boosted by ADR of $273 (+10.2%) and occupancy of 78.1% (+2.9 percentage points).
Maui County hotels reported the highest RevPAR for May at $259 (+9.9%), which was bolstered by a strong increase in ADR to $341 (+9.5%) to offset flat occupancy of 75.9 percent (+0.3 percentage points). Wailea hotel properties led the state’s resort regions in RevPAR at $438 (+11.7%), ADR at $509 (+8.9%), and occupancy of 86.1 percent (+2.2 percentage points).
Oahu hotels performed well in May, with increases in RevPAR to $187 (+6.8%), ADR to $225 (+3.9%), and occupancy of 83.3 percent (+2.2 percentage points). Waikiki hotels earned RevPAR of $186 (+6.7%), boosted by an increase in ADR to $222 (+4.1%) and occupancy of 83.9 percent (+2.0 percentage points).
Hotel properties on the island of Hawaii reported growth in RevPAR to $166 (+5.2%), which was driven by ADR of $235 (+5.5%) to offset flat occupancy of 70.6% (-0.2 percentage points). The Kohala Coast resort region reported increases in RevPAR to $215 (+2.2%) and ADR to $337 (+12.2%), which offset a decline in occupancy to 63.8% (-6.2 percentage points).
source: eTN
