Hawaii Hotel Performance

Aloha Kakou:

Check out this article in today's Wall Street Journal regarding the current state of the Hawaii hotel industry.

The graph at the top of this entry tell the whole story about Hawaii's occupancy over the last four years.

"The operating numbers have cratered, the underlying fundamentals aren't very good, and you have a whole bunch of problem loans," says David Carey, president and chief executive of Outrigger Enterprises Group, which owns 30 Hawaiian hotels, none in foreclosure.

http://online.wsj.com/article/SB10001424052748703790404574469120027986600.html