Hawaii Room Rates Highest in US Market

Hawaii hotels took in the most revenue for the first quarter with $973.5 million thus far.  A new report done by Hospitality Advisors LLC and Smith Travel Research have Hawaii in the top spot among hot travel destinations such as New York and Florida.  If you factor in total hotel revenue (beverages, parking, etc.) the first quarter total jumps to $1.43 billion.  A 14.7 percent increase from 2012’s first quarter.  The Big Island saw the biggest jump in growth across the board for room rates and occupancy.

The demand, although likely to taper off, shows the strong growth of the current market.  The entire article is available to view here curtsey of Pacific Business News.  The Hansen Ohana strives to keep you up to date with the latest market new from throughout the islands!