December's Numbers

Aloha Kakou:

The Honolulu Advertiser today reported that Hawaii's occupancy for the month of December dropped to 60.9%, the lowest since December 2001's 57.4%.

The lowest-price budget properties and the highest-priced luxury properties were least affected, said Joseph Toy, Hospitality Advisors president and CEO. Those in the middle, like the Outrigger Maui Eldorado, were the hardest hit.

"Maui produced the state's highest average daily rates, at $302.88 for the month, compared with $292.65 the prior year, at an occupancy of 56.8 percent, which was 14.4 percentage points down compared with the prior December", according to the article.

http://www.honoluluadvertiser.com/article/20090204/NEWS01/902040392