Kaua’i hotels were half-full, or half-empty, depending on how you look at it, during the normally-busy month of December. Island-wide occupancy was 54.4 percent, down from 57.2 percent in December of 2000, according to figures from the Honolulu accounting and
Kaua’i hotels were half-full, or half-empty, depending on how you look at it, during the normally-busy month of December.
Island-wide occupancy was 54.4 percent, down from 57.2 percent in December of 2000, according to figures from the Honolulu accounting and management firm PKF-Hawai’i.
East side hotels did the best last month, at 56.4 percent, actually up from 53.6 percent in December of 2000. North and south hotels suffered large drops in occupancy, with north shore hotels down to 48.5 percent in December 2001 from 60.5 percent, and south shore properties down to 52.3 percent, from 61.2 percent in December 2000.
Statewide occupancy was 61.1 percent last month, down from 70 percent in December of 2000.
For the year 2001, Kaua’i occupancy was 68.3 percent, down from 74.8 percent in 2000. Statewide occupancy was 71.9 percent, down from 78.2 percent in 2000.
Areas of the island ranged in 2001 annual occupancy from 66.6 percent on the east side (down from 71.7 percent in 2000), to 70.2 percent on the south shore (down from 77.5 percent).
Average daily room rates were up all over the island, to an islandwide average of $172.72 a night, up from $170.54, though room revenue per available room dropped in all areas except the north shore.
For the hotel-only market, south shore properties were second in the state in 2001 total occupancy, at 79.4 percent, down from 84.9 percent in 2000. Only Ka’anapali on Maui did better last year, at 80.2 percent.
Resort condominiums on the island (excluding timeshare properties) lagged even more, with a December overall Kaua’i occupancy of 43.6 percent, down from 53.3 percent in 2000.
South shore condominiums did worst, at 39.8 percent occupancy, down from 51.9 percent. The 2001 full-year results were a bit better, at 56.2 percent for the entire island, down from 64.6 percent in 2000, and the destinations averaging between 53.1 percent and 61.2 percent for the year, all down sizably from 2000 results.
