Hawaii Hotels Statewide Report Continued Strong Growth in May; RevPAR Increased 8.1%, ADR 6.1% and Occupancy 1.5 Percentage Points StatewidePosted on Jun 26, 2018 in Latest Department News
HONOLULU – Hawaii hotels statewide continued the strong growth in 2018 with May reporting increases in revenue per available room (RevPAR), average daily rate (ADR) and room occupancy, according to the Hawaii Hotel Performance Report issued today by the Hawaii Tourism Authority (HTA).
Hotels statewide averaged RevPAR of $203 (+8.1%), ADR of $256 (+6.1%), and occupancy of 79.5 percent (+1.5 percentage points) in May compared to a year ago (Figure 1).
Jennifer Chun, HTA tourism research director, said, “May was a good month for Hawaii’s hotel industry, as everything was up on a statewide basis with the four counties reporting growth in RevPAR and ADR and all classes of hotel properties performing well. The results for Waikiki and Wailea were particularly notable, with both regions generating high occupancy along with solid growth in RevPAR and ADR, and hotels on the island of Hawaii did well overall during the month of May.”
Year-to-date through May, hotels statewide have averaged RevPAR of $230 (+8.6%) and ADR of $281 (+6.3%) with occupancy of 81.7% (+1.8 percentage points) versus the same period last year (Figure 2). All four counties reported year-over-year growth in all three categories, highlighted by increases in RevPAR for Kauai (+15.9% to $234), the island of Hawaii (+13.3% to $220), Maui (+12% to $318) and Oahu (+4.1% to $194).
All classes of hotel properties reported RevPAR, ADR, and occupancy growth on a statewide basis. Midscale & Economy Class hotels led all classes of Hawaii hotel properties in growth of RevPAR (+14.7% to $128) in May, bolstered by increases in ADR to $156 (+10.1%) and occupancy of 81.8 percent (+3.3 percentage points). Upscale Class hotels grew RevPAR to $147 (+14.1%), with increases in both ADR to $197 (+8.7%) and occupancy of 74.9% (+3.5 percentage points).
All four counties reported RevPAR increases for May. Kauai hotels earned the state’s highest growth in RevPAR (+14.5% to $214), boosted by ADR of $273 (+10.2%) and occupancy of 78.1% (+2.9 percentage points).
Maui County hotels reported the highest RevPAR for May at $259 (+9.9%), which was bolstered by a strong increase in ADR to $341 (+9.5%) to offset flat occupancy of 75.9 percent (+0.3 percentage points). Wailea hotel properties led the state’s resort regions in RevPAR at $438 (+11.7%), ADR at $509 (+8.9%), and occupancy of 86.1 percent (+2.2 percentage points).
Oahu hotels performed well in May, with increases in RevPAR to $187 (+6.8%), ADR to $225 (+3.9%), and occupancy of 83.3 percent (+2.2 percentage points). Waikiki hotels earned RevPAR of $186 (+6.7%), boosted by an increase in ADR to $222 (+4.1%) and occupancy of 83.9 percent (+2.0 percentage points).
Hotel properties on the island of Hawaii reported growth in RevPAR to $166 (+5.2%), which was driven by ADR of $235 (+5.5%) to offset flat occupancy of 70.6% (-0.2 percentage points). The Kohala Coast resort region reported increases in RevPAR to $215 (+2.2%) and ADR to $337 (+12.2%), which offset a decline in occupancy to 63.8% (-6.2 percentage points).
Tables of hotel performance statistics, including data presented in the news release are available for viewing online at: https://www.hawaiitourismauthority.org/research/infrastructure-research/
About the Hawaii Hotel Performance Report
The Hawaii Hotel Performance Report is produced using hotel survey data compiled by STR, Inc., the largest survey of its kind in Hawaii. The survey generally excludes properties with under 20 lodging units, such as small bed and breakfasts, youth hostels, single-family vacation rentals, cottages, individually rented vacation condominiums and sold timeshare units no longer available for hotel use. The data has been weighted both geographically and by class of property to compensate for any over and/or under representation of hotel survey participants by location and type. For May 2018, the survey included 162 properties representing 48,519 rooms, or 89.8 percent of all lodging properties with 20 rooms or more in the Hawaiian Islands, including full service, limited service, and condominium hotels.
About the Hawaii Tourism Authority
The Hawaii Tourism Authority is responsible for strategically managing the State of Hawaii’s marketing initiatives to support tourism. HTA’s goal is to optimize tourism’s benefits for Hawaii, while being attentive to the interests of travelers, the community and visitor industry. Established in 1998 to support Hawaii’s leading industry and largest employer, HTA continually strives to help ensure the sustainability of tourism’s success.
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