Maui's February Occupancy, Revenue Up

Aloha Kakou:

Compared to last February, Maui's hotel room occupancy jumped from 70.1% in 2009 to 77.9% in 2010.

Some analysts consider this information as evidence that the islands have turned the corner towards an economic recovery.

"We seemed to have bottomed out in losses in terms of room rates," said Joseph Toy, president and chief executive officer of Hospitality Advisors. "As occupancies get firm, hotels are going to be able to manage those rates a little bit better and start raising."

February's highly discounted room rates were more than offset by the gain in room nights.

http://www.starbulletin.com/business/20100409_Mauis_hotels_gain_revenue.html