Monday, September 22, 2014

Big Opportunities for Hawaii Hotels as Occupancy Booms

While tourism has rebounded since the recession is drawing to a closer, few tourism markets have had as remarkable a resurgence as Hawaii has in the past year. According to BizJournals, a leading business publication, hotel occupancy rates and average price per rooms have risen dramatically over the course of the past year. There are a number of factors that contributed to these factors but presumably hospitality renovations could attributable to some of the rise.

Percentage wise, hotels have been occupancy at 79.3% on average throughout the state, a big increase over the past year. Despite being only the third largest island in Hawaii, Oahu had the highest occupancy rates throughout the state at 89.2% with the second largest island, Maui, earning the second highest occupancy rates with 72.3%.

Not only were occupancy rates higher throughout the state of Hawaii, so were the daily average room rates for hotels. The study, created by Hawaii Hotel Industry Snapshot by STR, Inc. and Hospitality Advisors LLC, said that the statewide daily average for hotel rooms rose to $222.47, a 6.2% overall. Kauai led the islands in price increases; rooms there rose an outstanding 8.7 percentage points to $227.88. Despite this, Maui still led the average daily price per hotel room at $248.40, a rise of 4.1 percent.

With the Hawaii hotel market becoming more competitive, it is important to offer your guests the best possible experience or they may consider to stay at other properties. Jaguar Hospitality offers a number of hospitality renovations services that can help you stay ahead of the pack while offering you the best value for your dollar. If you wish to have a consultation on the services we can provide your hotel, contact us at (214) 295-3574 or fill out this form and we will get back to you as soon as possible.

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