Hotels set revenue record in August

With occupancy and room rates rising, the summer season buoys the industry

By Allison Schaefers

POSTED: 01:30 a.m. HST, Oct 08, 2012

~~<p>Hawaii's hotel room revenue set a new August record of $307.9 million, pushing the three-month summer season to an all-time high of $880.5 million, according to a report to be made public today by Smith Travel Research and Hospitality Advisors LLC.</p>
<p>Statewide occupancy rose 4 percentage points to 81.3 percent in August, and average daily rate (ADR) rose a little more than 10 percent to $214.55. Revenue per available room (RevPAR), considered the best measure of hotel performance, rose nearly 16 percent to $174.43.</p>
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Hawaii's hotel room revenue set a new August record of $307.9 million, pushing the three-month summer season to an all-time high of $880.5 million, according to a report to be made public today by Smith Travel Research and Hospitality Advisors LLC.

Statewide occupancy rose 4 percentage points to 81.3 percent in August, and average daily rate (ADR) rose a little more than 10 percent to $214.55. Revenue per available room (RevPAR), considered the best measure of hotel performance, rose nearly 16 percent to $174.43. Login for more...