Kaua’i leads state in hotel occupancy

At a robust 77.2 percent clip, Kaua’i hotels led the state in occupancy in October, in the hotel-only category.

When hotel rooms and resort condominiums were combined, only O’ahu, 72.3 percent, had a higher total occupancy figure than Kaua’i, 71.9 percent, in October.

The information comes from figures compiled by the Honolulu accounting and management-consultant firm PKF-Hawaii.

The data shows the state’s overall occupancy figure was 70 percent in October, up from 59.5 percent in October of last year. For the first 10 months of this year, overall statewide occupancy was 72.9 percent, down from 73.5 percent over the same period last year.

North and central Kaua’i properties shone the brightest in October, with overall occupancies at 76.4 percent and 75.3 percent, respectively. Both were up substantially from the same month last year.

North and east Kaua’i also led the way for the first 10 months this year, at 72.7 percent and 73.9 percent, respectively, also both up from the same period last year.

Overall Kaua’i occupancy was up for the first 10 months, to 71 percent from 69.9 percent over the same period last year. Again, only O’ahu other than Kaua’i posted occupancy gains among the counties for the same periods.

In the hotel-only market, Kaua’i saw occupancy rates of 77.2 percent in October, better than the state average of 74 percent, and second only to Maui among the counties for the first 10 months of this year.

Maui stood at 77 percent, down from 81.2 percent, Kaua’i at 75.4 percent, up from 74.8 percent, and statewide 74 percent, down from 74.9 percent, in the hotel-only category for the first 10 months of this year, compared to the same period last year.

Kaua’i recorded the lowest occupancy rate among resort condominiums in the state, 58.7 percent, compared to a statewide average of 62.9 percent, in October.

For the first 10 months of this year, Kaua’i resort-condominium occupancy (excluding timeshare units) was 60.1 percent, up from 58.7 percent. Statewide resort-condominium occupancy was 67.8 percent, up from 67.3 percent during the same period last year. O’ahu was best among the counties, at 73 percent, up from 70.2 percent recorded the first 10 months of 2001.

“It is encouraging to see the large occupancy increase in October 2002,” said Daisy Aio, PKF-Hawaii director of tourism consulting.

“The month of October has historically averaged an occupancy in the low-to-mid 70s. In comparison to the occupancy in 2000 (78.1 percent), which was an exceptional year, 2002 levels (70 percent) are substantially below that occupancy,” she said.

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