HTA Releases July Hotel Performance Report
The COVID-19 pandemic continues to impact the hotel industry with Hawai‘i Tourism Authority reporting continued record lows in occupancy, revenue per available room and room rates for July compared to the year before.
According to the Hawai‘i Hotel Performance Report published by HTA’s Tourism Research Division, statewide numbers indicated revenue per available room (RevPAR) declined to $36 down 86% from July 2019, average daily rate (ADR) decreased to $174, a drop of 42.7%, and occupancy fell to 20.9%, a decrease in 64.4 percentage points.
On Kaua‘i, hotels reported a decrease in RevPar of $38 a drop of 83.6% with ADR at $175, down 41.7% and occupancy of 21.6% a drop of 55.1 percentage points.
In July, Hawai‘i hotel room revenues statewide fell by 92.3% to $33.3 million from $434.1 million a year ago. Room supply declined to 914,900 room nights, down 45.4% and room demand dropped to 191,300 room nights, a drop of 86.6%. Many properties closed or reduced operations starting in April 2020 due to COVID-19. During July, all passengers arriving from out-of-state were required to abide by a mandatory 14-day self-quarantine, but inter-island travelers did not have to quarantine.
All classes of Hawai‘i hotel properties statewide reported lower RevPAR, ADR and occupancy in July compared to a year ago. Luxury Class properties earned RevPAR of $40 (-91.9%), with ADR at $396 (-34.6%) and occupancy of 10.2% (-72.8 percentage points). Midscale and Economy Class properties reported nearly identical RevPAR ($40, -73.1%), with ADR at $139 (-21.9%) and occupancy of 29.1% (-55.4 percentage points).
The Hawaii Hotel Performance Report is produced using hotel survey data compiled by STR, Inc.