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Hawai‘i Tourism Authority releases February Hotel Performance Report

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The Hawai‘i Tourism Authority has announced that revenue per available room for Kaua‘i hotels increased nearly 9% in February, when compared to the same month last year, in line with the upward trend the agency has reported for the state as a whole.

The Hawai‘i Tourism Authority released the results for hotels statewide on March 19, reporting slightly higher occupancy and revenue per available room (RevPAR) but lower average daily rate (ADR) in February 2024 compared to February 2023. When compared to pre-pandemic February 2019, statewide ADR and RevPAR were higher in February 2024 but occupancy was lower.

According to the agency, Statewide RevPAR in February 2024 was $297 (+0.8%), with ADR at $372 (-4.0%) and occupancy of 79.8 percent (+3.8 percentage points) compared to February 2023. Compared with February 2019, RevPAR was 22% higher, driven by higher ADR (+27.6%) which offset lower occupancy (-3.6 percentage points).

The report’s findings utilized data compiled by STR, Inc., which conducts the largest and most comprehensive survey of hotel properties in the Hawaiian Islands. For February 2024, the survey included 168 properties representing 48,046 rooms, or 86% of all lodging properties with 20 rooms or more in the Hawaiian Islands, including those offering full service, limited service, and condominium hotels. Vacation rental and timeshare properties were not included in this survey.

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Statewide Hawai‘i hotel room revenues totaled $464.6 million (+1% vs. 2023, +26% vs. 2019) in February 2024. Room demand was 1.2 million room nights (+5.3% vs. 2023, -1.2% vs. 2019) and room supply was 1.6 million room nights (+0.3% vs. 2023, +3.3% vs. 2019). Please note that in 2024, there were 29 days in February whereas 2023 and 2019 had 28 days. 

Luxury Class properties earned RevPAR of $502 (-2.2% vs. 2023, +10% vs. 2019), with ADR at $794 (-7.4% vs. 2023, +36.0% vs. 2019) and occupancy of 63.3% (+3.4 percentage points vs. 2023, -15.0 percentage points vs. 2019). Midscale & Economy Class properties earned RevPAR of $198 (+2.2% vs. 2023, +17% vs. 2019) with ADR at $237 (-2.6% vs. 2023, +21.7% vs. 2019) and occupancy of 83.3% (+3.9 percentage points vs. 2023, -3.3 percentage points vs. 2019).  

Kaua‘i hotels earned RevPAR of $335 (+8.9% vs. 2023, +47.3% vs. 2019), with ADR at $429 (+2.9% vs. 2023, +41% vs. 2019) and occupancy of 78% (+4.3 percentage points vs. 2023, +3.3 percentage points vs. 2019).

Hawai‘i Tourism Authority’s February 2024 Hotel Performance Report for Kaua‘i is compared to the same months in 2023 and 2019. (Courtesy of the Hawai‘i Tourism Authority)
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Tables of hotel performance statistics, including data presented in the report are available for viewing online at: https://www.hawaiitourismauthority.org/research/infrastructure-research/

The Hawai‘i Hotel Performance Report is produced using hotel survey data compiled by STR, Inc., the largest survey of its kind in Hawai‘i. 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 February 2024, the survey included 168 properties representing 48,046 rooms, or 86% of all lodging properties with 20 rooms or more in the Hawaiian Islands, including full-service, limited-service, and condominium hotels. The February survey included 82 properties on O‘ahu, representing 29,448 rooms (95.3%); 41 properties in the County of Maui, representing 9,456 rooms (70.6%); 23 properties on the island of Hawai‘i, representing 5,479 rooms (80.6%); and 22 properties on Kaua‘i, representing 3,663 rooms (76.4%).

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The Hawaiʻi Tourism Authority is the state agency responsible for representing The Hawaiian Islands around the world, and for holistically managing tourism in a sustainable manner consistent with community desires, economic goals, cultural values, preservation of natural resources, and visitor industry needs. HTA works with the community and industry to Mālama Hawaiʻi – care for our beloved home.

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