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New low for Hawaii bookings

Jul 12, 2009

Despite steep discounting, hotel occupancy in Hawaii continues to slide to new lows because of the slowed global economy.

Occupancy fell to 62 percent, marking the worst May on record since Honolulu-based Hospitality Advisors began its monthly survey in 1987.

It's unlikely Hawaii will see any sign of recovery until well into 2010 with room revenues continuing to lag the prior year by more than 20 percent, the company said.

Every island saw sharp declines, with bookings on the Big Island plummeting to a statewide low of 49.3 percent. Oahu reported the highest occupancy at 69.2 percent. Oahu also had the lowest average daily room rate of $146. Maui had the highest rate at $210.48 with an occupancy rate of 55.9 percent.

New low for Hawaii bookings
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