Hotel Rates To Stay Flat

Aloha Kakou:

Recent economic events have lead at least one analyst to conclude that hotel rates for the remainder of 2011 and through 2012 will remain flat.

http://www.businessweek.com/ap/financialnews/D9P001A00.htm

June Maui Visitors, Spending Up

Aloha Kakou:


Though Maui had a slight increase in visitors, Hawaii's June occupancy was lower this year than last. Statewide, visitor spending was up, most likely due in part to increased room rates.

http://www.staradvertiser.com/news/breaking/126212278.html

Maui Eldorado Current Listings

Aloha Kakou:

Here are the most recent Maui Eldorado Current Active Listings as of 7/21/2011.

J-118 Studio $250,000 LH Jim Foster Chase N Rainbows 661-7994/ Cell 870-5858

K-215 Studio $250,000 LH Susan C DeLoria Whalers Realty Inc.
661-8777 ext 533/ Cell 250-5948

J-109 Studio $300,000 LH Nancy Montoya Whalers Realty Inc.
661-8777 ext.518/ 250-5073

G-105 1B/2B $305,000 LH Susan C DeLoria Whalers Realty Inc.
661-8777 ext.533 / Cell 250-5948

E-205 Studio $338,000 LH Susan C DeLoria Whalers Realty Inc.
661-8777 ext 533/ Cell 250-5948

C-202 1B/1B $340,000 LH Derek Escalera Whalers Realty Inc.
661-8777 ext.229 / Cell 264-4617

D-206 1B/2B $349,500 LH Fred Haywood Realty
579-8848/ Cell 870-4904

K-110 Studio $350,000 LH Bud Kilmer Prudential Maui Realtors
661-5200/ Cell 280-0435

J-106 1B/1.5B $375,000 LH Susan C DeLoria Whalers Realty Inc.
661-8777 ext.533 / Cell 250-5948

C-201 Studio $375,000 LH Joline Dorner Lowson and Associates
661-8771 / Cell 276-9015

B-103 1B/1B $412,500 LH Donna Nabavi Coldwell Banker Island Prop.
669-6565/ cell 276-5230

E-204 1B/1B $417,000 LH Jim Foster Chase N Rainbows 661-7994/ Cell 870-5858

D-102 1B/2B $525,000 LH Nancy Montoya Whalers Realty Inc.
661-8777 ext.518/ 250-5073

D-208 2B/2B $739,000 LH Susan C DeLoria Whalers Realty Inc.
661-8777 ext.533 / Cell 250-5948

C-205 2B/2B $950,000 LH Mischelle Lawrence Whalers Realty Inc.
661-8777 ext. 521/ 264-3337

I-204 2/2B $1,175,000 LH Casey Fukuda Sakamoto Properties Inc.
669-0070 / Cell 264-5362

May Occupancy Flat, Spending Up

Aloha Kakou:

Maui occupancy remained consistent to that of last May but visitor spending increased compared to last year, up $6.50 per day per person to $184.20.

http://mauinews.com/page/content.detail/id/550912/Visitor-spending-continues-to-climb.html?nav=10

Maui's Unemployment State's Highest

Aloha Kakou:

Maui County's unemployment rate stands at 7.2%, the highest in the state. Still, that figure is a decline of 1% from the same time last year.

Maui island's unemployment rate is 7.1%, compared to the Hawaii in general at 5.9%.

http://mauinews.com/page/content.detail/id/550498/Maui-has-state-s-highest-unemployment-rate--but-it-has-fallen-over-the-past-year.html?nav=10

Beds Missed Most

Aloha Kakou:

One of the best thing you can give your guest is a good night's sleep, according to a recent survey of 1000 U.S. consumers on vacation trends. Of that 1000 respondents, 57% said they would miss their beds most when on vacation.

http://www.hotelnewsnow.com/Articles.aspx/5717/Vacation-trends-Americans-miss-their-beds-most

First Scheduled Nonstop Between Shanghai & Honolulu

Aloha Kakou:

China Eastern Airlines is poised to begin the first scheduled non-stop air service between Shanghai and Honolulu in August, according to Mike McCartney, President and CEO of the Hawaii Tourism Authority.

The twice-weekly flight will make it easier for Chinese visitors to come to Hawaii as currently they must make a stop in either Japan or Korea.

Now if only the US would make it easier for Chinese citizens to get travel visas, we might see the beginning of a Chinese travel boom.

http://bit.ly/kUL2id