Hotel revenues rise on higher rates

The numbers are tempered by worry that hikes will send tourists elsewhere

By Allison Schaefers

POSTED: 01:30 a.m. HST, Dec 17, 2012

~~<p>An increase in the number of tourists and higher room rates helped push up hotel revenues 11.6 percent in October to a record $249.7 million and put the state industry on track to set a year-end hotel room revenues record.</p>
<p>Revenue per available room, considered by many to be the best indication of hotel performance, grew for the 32nd month to $141.35, a 10.8 percent gain from October 2011.</p>
~~

An increase in the number of tourists and higher room rates helped push up hotel revenues 11.6 percent in October to a record $249.7 million and put the state industry on track to set a year-end hotel room revenues record.

Revenue per available room, considered by many to be the best indication of hotel performance, grew for the 32nd month to $141.35, a 10.8 percent gain from October 2011. Login for more...