Deluxe properties hot on South Shore in October

PO’IPU — Led by a strong showing from South Shore properties, deluxe hotels on

the island in October showed an occupancy rate of 69.1 percent that helped the

island to an overall occupancy rate of 77 percent.

The figures are from the

Honolulu accounting and management firm of PKF-Hawai’i.

In the hotel

industry, properties with occupancy rates of better than 75 percent make money,

so most hotels on the island made money in October.

The overall island

occupancy rate was 70.1 percent in October of 1998.

The October, 1998

occupancy rate for Kaua’i deluxe properties was 67.6 percent.

For the

first 10 months of this year, Kaua’i’s occupancy rate for deluxe properties was

69.4 percent, up from 54.9 percent during the same period of 1998.

Standard

hotels on the island achieved the largest increase in occupancy, with a 32.3

percent jump in occupancy to 65.6 percent in October of this year, compared to

49.6 percent for the same month last year.

The average island daily room

rate in October of this year was $158.70, up from $151.68 for October of 1998.

For the first 10 months of this year, the average island hotel room rented for

$157.85, up from $154.06 for the same period last year.

Kaua’i’s October,

1999 occupancy rate of 77 percent was second in the state to Maui’s 79.6

percent. Statewide occupancy was 75 percent for the same month.

For the

first 10 months of this year, Kaua’i’s occupancy rate of 74.4 percent is again

second only to Maui’s 79.5 percent.

Kaua’i’s overall rate for the first 10

months of this year is way up from the 68.7 percent rate the island endured for

the same period last year.

October, 1999 occupancy statewide was 74.2

percent, up from 73.2 percent for the same month last year.

Statewide

occupancy was 75 percent for the first 10 months of this year, up from 69.9

percent for the same period last year.