PRINCEVILLE — The island’s luxury hotels, like the Princeville Hotel here with average daily room rates in the area of $260, had the best occupancy rate in the state in May, at 90.3 percent. That is compared with 86.4 percent
PRINCEVILLE — The island’s luxury hotels, like the Princeville Hotel here with
average daily room rates in the area of $260, had the best occupancy rate in
the state in May, at 90.3 percent.
That is compared with 86.4 percent in
May of last year, according to figures compiled by PKF-Hawai’i, a
Honolulu-based accounting and management firm which has been tracking hotel
industry trends for the Hawai’i Hotel Association since 1972.
Statewide,
luxury properties were at 79.7 percent, with Maui the next-closest to Kaua’i’s
May figure, at 82.5 percent.
On this island, deluxe properties showed the
next-best May occupancy, at 78.2 percent (71.5 percent statewide), up from 66.1
percent in May of 1999. First-class properties were next, at 77.6 percent (79
percent statewide) occupancy, up from 76.1 percent in May of last
year.
Standard hotels showed a large increase in occupancy, to 70.6 percent
in May of this year (70.6 percent statewide) from 56.2 percent in the same
month last year.
For the first five months of this year, luxury properties
again led the way, on Kaua’i with an occupancy rate of 84.7 percent (81 percent
statewide), up from 82.9 percent during the same period in
1999.
First-class properties on the island recorded an occupancy rate of
76.3 percent for the first five months of this year (80.6 percent statewide),
virtually unchanged from the same period last year.
Deluxe properties were
at 69.9 percent occupancy for the first five months of 2000, compared to 65.7
percent for the same period last year and 75 percent statewide this
year.
Standard properties were up to 64.3 percent for the first five months
of this year, from 57.3 percent in the same period last year, and compared to a
statewide figure of 77.2 percent for the first five months of this
year.
When hotels are categorized by size, properties on the island with
both 100 to 200 rooms, and those under 100 rooms, had May occupancies of around
74.5 percent, up from 63 percent (hotels with 100 to 200 rooms), and 65.1
percent (hotels with under 100 rooms) in May of 1999.
Hotels with 201 to
350 rooms on the island had a May occupancy rate of 72.6 percent, up from 62.9
percent in May of last year.
Information on occupancy rates for budget
hotels, and those with 351 to 500, and 501 rooms and above, are not reported
for Kaua’i, to avoid divulging rates of individual properties.
For the
first five months of this year, hotels with under 100 rooms were at 72 percent,
up from 71.3 percent for the same period last year. Properties with 100 to 200
rooms were at 72 percent as well, up from 68.8 percent, and hotels with 201 to
350 rooms were at 66 percent, up from 62.6 percent in the first five months of
1999.
Island-wide occupancy was 74.8 percent for the first five months of
this year, up from 71.9 percent for the same period last year. Statewide, hotel
occupancy was 77.9 percent in the first five months of this year, compared to
73.3 percent for the same period last year.
