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The July numbers are out with Kauai and Oahu showing strong results and Maui continuing to struggle to attract tourists due to high room rates.
Kauai: 85% occupancy versus 77% pre-pandemic. Average room rate $452, up 50%
Oahu: 86% occupancy versus 88% pre-pandemic. Average room rate $308, up 18%
Maui: 71% occupancy versus 83% pre-pandemic. Average room rate $688, up 57%
BI: 78% occupancy versus 83% pre-pandemic. Average room rate $419, up 58%
Location: Southernmost tip of the southernmost island in the southernmost state
982 posts, read 1,162,380 times
Reputation: 1652
Quote:
Originally Posted by whtviper1
The July numbers are out with Kauai and Oahu showing strong results and Maui continuing to struggle to attract tourists due to high room rates.
Kauai: 85% occupancy versus 77% pre-pandemic. Average room rate $452, up 50%
Oahu: 86% occupancy versus 88% pre-pandemic. Average room rate $308, up 18%
Maui: 71% occupancy versus 83% pre-pandemic. Average room rate $688, up 57%
BI: 78% occupancy versus 83% pre-pandemic. Average room rate $419, up 58%
Just curious, what do you see as the reason Oahu doesn't command the much higher room rates that the outer islands are?
Oahu has a plethora of budget hotels to choose from. Whereas the neighbor islands have a much lower ratio of budget to high end hotels. Oahu also has a disproportionately high number of business travelers compared to the neighbor islands. These accomodations are generally going to be smaller/cheaper than accomodations for families and vacationers.
Oahu has a plethora of budget hotels to choose from. Whereas the neighbor islands have a much lower ratio of budget to high end hotels. Oahu also has a disproportionately high number of business travelers compared to the neighbor islands. These accomodations are generally going to be smaller/cheaper than accomodations for families and vacationers.
Not only a lot budget hotels - military rates - and as you mentioned corporate rates - even Kamaaina rates drag down the room rate average as we are an island of a million people doing staycations - and the number of rooms available on Oahu far exceed the outer islands - well more than double the next highest island....
Location: Southernmost tip of the southernmost island in the southernmost state
982 posts, read 1,162,380 times
Reputation: 1652
Quote:
Originally Posted by pj737
Oahu has a plethora of budget hotels to choose from. Whereas the neighbor islands have a much lower ratio of budget to high end hotels. Oahu also has a disproportionately high number of business travelers compared to the neighbor islands. These accomodations are generally going to be smaller/cheaper than accomodations for families and vacationers.
While I can see the aggregate rate being lower due to budget hotels bringing the overall rate down (this makes sense), it does seem a bit odd that the rate increase is so much less than the other islands. I would think all hotels would have been increasing rates, whether they are budget or not.
While I can see the aggregate rate being lower due to budget hotels bringing the overall rate down (this makes sense), it does seem a bit odd that the rate increase is so much less than the other islands. I would think all hotels would have been increasing rates, whether they are budget or not.
Oahu currently has almost no Japanese tourists and has needed to fill that gap by keeping rates reasonable by attracting more West Coast visitors - Japanese visitors do not make a meaningful number of visitors on the outer islands. At the end of the day, rates are up 18% though.
Oahu currently has almost no Japanese tourists and has needed to fill that gap by keeping rates reasonable by attracting more West Coast visitors - Japanese visitors do not make a meaningful number of visitors on the outer islands. At the end of the day, rates are up 18% though.
With the current abysmal yen conversion rate I can't see many Japanese coming here. I think it's close to the lowest it's been in 30 years. It dropped by almost half since 2012.
Not particularly startling news but read it if you are interested.
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