Aloha Kakou:
The Maui News today reported a 20% drop in occupancy for October, 2008, versus October, 2009. Hotel occupancy was 56.8% for the month, the largest drop of all the islands.
Interestingly, the last paragraph of the story adds some perspective: "Hawaii's third-quarter occupancy of 72.7 percent was fourth behind Los Angeles and Miami, its average daily rate of $205 was second, and its RevPAR of $149 was also second." So, even at at the state's current levels, we're still doing better than most other US destinations.
http://mauinews.com/page/content.detail/id/510583.html?nav=10
Tuesday, November 4, 2008
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