Hotel Occupancies "Stabilized"

Aloha Kakou:

This quote from Outrigger's Barry Wallace, appeared in the this week's Pacific Business News and is copied here verbatim:

Barry Wallace, Outrigger Enterprises Group's executive vice president for hospitality services, said occupancy has finally "stabilized" at Outrigger's properties.

"Keep in mind that July is the busiest month of the year and the dramatic rise in occupancy is not likely to happen again, " he said. "August is holding up but won't match July. But I am optimistic that the September-October-November period, despite the very short booking windows, will improve year over year."

Revpar has been affected by the substantial discounts, and everyone would like to bring rates up," said Wallace, referring to revenue per available room. "But it won't happen that easily and will probably take longer than a year."

http://pacific.bizjournals.com/pacific/stories/2009/08/17/story1.html
http://pacific.bizjournals.com/pacific/stories/2009/08/10/daily47.html?surround=lfn