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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!
Seabury Hall 40th Annual Craft Fair
This Saturday from 9:00 am to 5:00 pm, Seabury Hall will hold it’s 40th annual craft fair. Proceeds benefit the financial aid program. There are activities and entertainment for everyone. Rummage sales, baking competition, over 100 local artists, plus live entertainment. Children 12 and under are free. View more of the events and activities here. We hope to see you there!
Hawaii Home-Price Increases For March
Irvine based Corelogic has ranked Hawaii No. 5 highest for home appreciation for the month of March in comparison to the same month in 2012. With an appreciation of 14.3 percent, Hawaii’s increase is almost 4% over the national average of 10.5 percent in March. This increase trend which started in 2012 and has continued in 2013, is driving the market with the home buying trend. You can read the entire article provided by Pacific Business News here . If you or anyone you know is looking to buy or sell property, call the Hansen Ohana today! We would be happy to assist you with all your real estate needs!
April 2013 Newsletter
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