Same Story: Occupancy Up, Rates Down

Aloha Kakou:

Here's confirmation of what we already know: occupancy is up and rates are down.

The state's ADR for the first half of 2010 was $171.78, down 5.2% from 2009. Occupancy state-wide for January through June was 71.4%.

Mid-range properties continue to face pressure as upper tier hotel maintain lower rates and value-added offers.

http://www.hotelsmag.com/MembersOnly/webNews/details.aspx?item=18027