Business

Kaua‘i hotels lead state in August for revenue per available room

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Kalapakī Beach and the Royal Sonesta hotel in Līhu‘e. (File photo by Scott Yunker/Kaua‘i Now)

Hawai‘i hotels statewide reported slightly lower occupancy, lower average daily rates and less revenue per available rooms in August 2024 compared to August last year.

However, when compared to pre-COVID pandemic August 2019, statewide average daily rates and revenue per available rooms were higher last month.

Occupancy rates were lower.

Kaua‘i hotels led the state in August revenue per available room at $316, despite it being 10.4% less than August 2023; it was still 50.8 more than August 2019.

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The Garden Isle’s hotels also had an average daily rate at $428, which was 2.7% less than the same month last year, but 50.8% more than August 5 years ago, and their occupancy was 73.7%, or 6.4 percentage points behind last August and right on track for August 2019.

Statewide revenue per available room in August was $266, down 3.6%, with average daily rate at $362, 3% less than last August. Occupancy was 73.6%, or 0.5 percentage points less compared with August 2023.

Compared with August 2019, revenue per available room was 9.2% higher, driven by higher average daily rate, which was 24.7% more than 5 years ago, which offset lower occupancy of 10.5 percentage points less.

Statewide hotel room revenues totaled $461.0 million, 4 less than August 2023 but 12.9% more than the same month in 2019.

  • Hawaiʻi Department of Business, Economic Development and Tourism
  • Hawaiʻi Department of Business, Economic Development and Tourism
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Room demand was 1.3 million room nights, or 1 less than the same month last year and 9.5 less than August 2019, room supply was 1.7 million room nights, which was 0.4% less than August 2023 but 3.4% more than the same month 5 years ago.

Luxury class properties earned a revenue per available room of $500, which was 1.6% more than August last year and 6.3% more than the same month 5 years ago, with an average daily rate at $834, 1.2% less than last August but 44.4% more than in 2019, and occupancy of 60%, which was 1.6 percentage points ahead of August 2023 but 21.5 percentage points behind 2019.

Midscale and economy properties earned a revenue per available room of $172, or 1.1 more than August 2023 and 21.3% more than the same month in 2019, with an average daily rate at $226, which was 4.5% last August and 31.9 more than in 2019, and occupancy of 76.4 percent, or 2.6 percentage points less than last year and 6.6 percentage points behind August 2019.

The report’s findings used data compiled by STR, which conducts the largest and most comprehensive survey of hotel properties in the Hawaiian Islands.

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The survey included 171 properties representing 48,285 rooms, or 86.5% 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.

To view the entire report, including data from other islands, click here.

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