8.03.2010

Hotel Business Declined in Hawaii

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Though Hawaiian Islands are USA’s favorite holiday destination but hotels in the Islands are trading at their lowest levels in seven years record. According to statistics in January 2009 occupancy in the state’s hotels went down 9.7% to 66%. In that period, room rates were lower, dropping 8.2% to an average $16.38. The amount of visitors to Hawaii fell by 12.4% in January 2009. In recent months to attract the travelers the three beachfront Starwood properties, the Royal Hawaiian, Sheraton Waikiki, and Moana Surfrider have all undergone multi-million dollar refurbishments.

The popularity of Oahu over other islands with a lot of visitors is opting to stay on one island. Experts think it as a notable trend because in he past numerous visitors spent time on more than one island. On the other hand, the destination most populated with hotels Waikiki has seen rate-cutting in the two to three star hotel sector. Their rates are starting now from as low as $52 though the four star sector is still maintaining rates at an average above $200 per night.

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