Hawai‘i Hotels Earned Top Nationwide Ranking for Room Revenue
Hawai‘i hotels statewide recorded the highest revenue per available room (RevPAR) and average daily rate (ADR) of the top U.S. markets in the first six months of 2018, according to the Hawai‘i Hotel Performance Report released by the Hawai‘i Tourism Authority (HTA).
The strong, across-the-board performance raised the Hawaiian Islands’ RevPAR to $229 and earned a number one nationwide ranking when compared to other top U.S. markets for the first half of 2018.
Year-to-date, RevPAR in the Hawaiian Islands grew to $229 (+7.9%), ADR rose to $280 (+6.0%) and occupancy increased to 81.7 percent (+1.4 percentage points) in the first half of 2018 compared to the same period last year (Figure 1).
HTA’s Tourism Research Division issued the report’s findings utilizing data compiled by STR, Inc., which conducts the largest and most comprehensive survey of hotel properties in the Hawaiian Islands.
“For Hawai‘i to earn the number one ranking in the U.S. in both RevPAR and ADR as the market is rising nationally is a significant achievement for the state,” said Jennifer Chun, HTA tourism research director. “Most U.S. markets reported RevPAR growth in the first half of 2018. Very few markets were down compared to a year ago.”