Aloha Kakou:
While a return to previously high room rates and occupancies may yet be three to four years away, November's increase in both metrics is a step in the right direction.
November's statewide ADR was $168.81, a 3.9% increase over 2009. Occupancy was up 6.7% to 67.8% over last November.
Experts attribute the increase in occupancy to the lower rates.
http://www.hotel-online.com/News/PR2010_4th/Dec10_HawaiiUp.html
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Tuesday, December 28, 2010
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