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Now is not time to increase tax on hotel owners


POSTED: 01:30 a.m. HST, Apr 21, 2014

~~<p>The Hawaii Tourism Authority foresees relatively rough going for the tourism industry the next few years. This year's market plateau signals the need for aggressive pricing in the leisure market, which is down domestically and is expected to slow internationally as well.</p>
<p>By 2016, hotel occupancy is forecast to drop on all islands, and hotels and resorts could be forced into a price war to recapture market share from a growing number of global competitors, according to the HTA's 2014 Industry Outlook.</p>
~~

The Hawaii Tourism Authority foresees relatively rough going for the tourism industry the next few years. This year's market plateau signals the need for aggressive pricing in the leisure market, which is down domestically and is expected to slow internationally as well.

By 2016, hotel occupancy is forecast to drop on all islands, and hotels and resorts could be forced into a price war to recapture market share from a growing number of global competitors, according to the HTA's 2014 Industry Outlook. Login for more...



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