Hawai‘i hotels statewide reported weaker revenue per available room (RevPAR), and occupancy in April 2023 compared to April 2022. Average daily rate (ADR) was slightly higher than last year. When compared to pre-pandemic April 2019, statewide ADR and RevPAR were higher in April but occupancy was lower in April 2023.
According to the Hawai‘i Hotel Performance Report published by the Hawai‘i Tourism Authority (HTA), statewide RevPAR in April 2023 was $278 (-2.2%), with ADR at $376 (+0.5%) and occupancy of 73.9 percent (-2.0 percentage points) compared to April 2022 (Figure 1). Compared with April 2019, RevPAR was 31.0 percent higher, driven by higher ADR (+38.2%) which offset lower occupancy (-4.1 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 April 2023, the survey included 153 properties representing 47,381 rooms, or 84.6 percent 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.
Statewide Hawai‘i hotel room revenues totaled $467.6 million (-2.3% vs. 2022, +35.6% vs. 2019) in April 2023. Room demand was 1.2 million room nights (-2.8% vs. 2022, -1.9% vs. 2019) and room supply was 1.7 million room nights (-0.1% vs. 2022, +3.5% vs. 2019) (Figure 2).
Luxury Class properties earned RevPAR of $517 (-7.8% vs. 2022, +23.1% vs. 2019), with ADR at $859 (-0.8% vs. 2022, +55.8% vs. 2019) and occupancy of 60.2 percent (-4.6 percentage points vs. 2022, -16.0 percentage points vs. 2019). Midscale & Economy Class properties earned RevPAR of $181 (+2.3% vs. 2022, +38.5% vs. 2019) with ADR at $245 (+3.4% vs. 2022, +51.6% vs. 2019) and occupancy of 73.9 percent (-0.8 percentage points vs. 2022, -6.9 percentage points vs. 2019).
Maui County hotels led the counties in April 2023 and achieved RevPAR of $398 (-9.3% vs. 2022, +30.4% vs. 2019), with ADR at $609 (+0.1% vs. 2022, +57.3% vs. 2019) and occupancy of 65.4 percent (-6.8 percentage points vs. 2022, -13.5 percentage points vs.1/105/20/23, 9:27 AM Yahoo Mail – April 2023 Hawai‘i Hotel Performance Report 2019). Maui’s luxury resort region of Wailea had RevPAR of $586 (-6.5% vs. 2022, +4.6% vs. 2019), with ADR at $957 (-2.0% vs. 2022, +58.0% vs. 2019) and occupancy of 61.2 percent (-2.9 percentage points vs. 2022, -31.2 percentage points vs. 2019). The Lahaina/Kā‘anapali/Kapalua region had RevPAR of $362 (-9.8% vs. 2022, +44.8% vs. 2019), ADR at $538 (+0.7% vs. 2022, +68.6% vs. 2019) and occupancy of 67.2 percent (-7.8 percentage points vs. 2022, -11.1 percentage points vs. 2019).
Kaua‘i hotels earned RevPAR of $308 (-2.5% vs. 2022, +73.1% vs. 2019), with ADR at $408 (+5.7% vs. 2022, +53.1% vs. 2019) and occupancy of 75.3 percent (-6.3 percentage points vs. 2022, +8.7 percentage points vs. 2019).
Hotels on the island of Hawai‘i reported RevPAR at $299 (-11.0% vs. 2022, +54.3% vs. 2019), with ADR at $430 (-3.6% vs. 2022, +65.6% vs. 2019), and occupancy of 69.6 percent (-5.8 percentage points vs. 2022, -5.1 percentage points vs. 2019). Kohala Coast hotels earned RevPAR of $453 (-11.4% vs. 2022, +58.5% vs. 2019), with ADR at $603 (-11.5% vs. 2022, +61.4% vs. 2019), and occupancy of 75.1 percent (+0.1 percentage points vs. 2022, -1.4 percentage points vs. 2019).
O‘ahu hotels reported RevPAR of $214 (+7.8% vs. 2022, +17.2% vs. 2019) in April, ADR at $272 (+5.6% vs. 2022, +19.3% vs. 2019) and occupancy of 78.5 percent (+1.6 percentage points vs. 2022, -1.4 percentage points vs. 2019). Waikīkī hotels earned RevPAR of $201 (+7.4% vs. 2022, +13.1% vs. 2019), with ADR at $256 (+6.2% vs. 2022, +14.9% vs. 2019) and occupancy of 78.7 percent (+0.9 percentage points vs. 2022, -1.3 percentage points vs. 2019).
Tables of hotel performance statistics, including data presented in the report are available for viewing online at: https://www.hawaiitourismauthority.org/research/infrastructure-research/
Credit: Featured photo taken from HTA Face book Page
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Hawai‘i hotels statewide reported weaker revenue per available room (RevPAR), and occupancy in April 2023 compared to April 2022. Average daily rate (ADR) was slightly higher than last year. When compared to pre-pandemic April 2019, statewide ADR and RevPAR were higher in April but occupancy was lower in April 2023.
According to the Hawai‘i Hotel Performance Report published by the Hawai‘i Tourism Authority (HTA), statewide RevPAR in April 2023 was $278 (-2.2%), with ADR at $376 (+0.5%) and occupancy of 73.9 percent (-2.0 percentage points) compared to April 2022 (Figure 1). Compared with April 2019, RevPAR was 31.0 percent higher, driven by higher ADR (+38.2%) which offset lower occupancy (-4.1 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 April 2023, the survey included 153 properties representing 47,381 rooms, or 84.6 percent 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.
Statewide Hawai‘i hotel room revenues totaled $467.6 million (-2.3% vs. 2022, +35.6% vs. 2019) in April 2023. Room demand was 1.2 million room nights (-2.8% vs. 2022, -1.9% vs. 2019) and room supply was 1.7 million room nights (-0.1% vs. 2022, +3.5% vs. 2019) (Figure 2).
Luxury Class properties earned RevPAR of $517 (-7.8% vs. 2022, +23.1% vs. 2019), with ADR at $859 (-0.8% vs. 2022, +55.8% vs. 2019) and occupancy of 60.2 percent (-4.6 percentage points vs. 2022, -16.0 percentage points vs. 2019). Midscale & Economy Class properties earned RevPAR of $181 (+2.3% vs. 2022, +38.5% vs. 2019) with ADR at $245 (+3.4% vs. 2022, +51.6% vs. 2019) and occupancy of 73.9 percent (-0.8 percentage points vs. 2022, -6.9 percentage points vs. 2019).
Maui County hotels led the counties in April 2023 and achieved RevPAR of $398 (-9.3% vs. 2022, +30.4% vs. 2019), with ADR at $609 (+0.1% vs. 2022, +57.3% vs. 2019) and occupancy of 65.4 percent (-6.8 percentage points vs. 2022, -13.5 percentage points vs.1/105/20/23, 9:27 AM Yahoo Mail – April 2023 Hawai‘i Hotel Performance Report 2019). Maui’s luxury resort region of Wailea had RevPAR of $586 (-6.5% vs. 2022, +4.6% vs. 2019), with ADR at $957 (-2.0% vs. 2022, +58.0% vs. 2019) and occupancy of 61.2 percent (-2.9 percentage points vs. 2022, -31.2 percentage points vs. 2019). The Lahaina/Kā‘anapali/Kapalua region had RevPAR of $362 (-9.8% vs. 2022, +44.8% vs. 2019), ADR at $538 (+0.7% vs. 2022, +68.6% vs. 2019) and occupancy of 67.2 percent (-7.8 percentage points vs. 2022, -11.1 percentage points vs. 2019).
Kaua‘i hotels earned RevPAR of $308 (-2.5% vs. 2022, +73.1% vs. 2019), with ADR at $408 (+5.7% vs. 2022, +53.1% vs. 2019) and occupancy of 75.3 percent (-6.3 percentage points vs. 2022, +8.7 percentage points vs. 2019).
Hotels on the island of Hawai‘i reported RevPAR at $299 (-11.0% vs. 2022, +54.3% vs. 2019), with ADR at $430 (-3.6% vs. 2022, +65.6% vs. 2019), and occupancy of 69.6 percent (-5.8 percentage points vs. 2022, -5.1 percentage points vs. 2019). Kohala Coast hotels earned RevPAR of $453 (-11.4% vs. 2022, +58.5% vs. 2019), with ADR at $603 (-11.5% vs. 2022, +61.4% vs. 2019), and occupancy of 75.1 percent (+0.1 percentage points vs. 2022, -1.4 percentage points vs. 2019).
O‘ahu hotels reported RevPAR of $214 (+7.8% vs. 2022, +17.2% vs. 2019) in April, ADR at $272 (+5.6% vs. 2022, +19.3% vs. 2019) and occupancy of 78.5 percent (+1.6 percentage points vs. 2022, -1.4 percentage points vs. 2019). Waikīkī hotels earned RevPAR of $201 (+7.4% vs. 2022, +13.1% vs. 2019), with ADR at $256 (+6.2% vs. 2022, +14.9% vs. 2019) and occupancy of 78.7 percent (+0.9 percentage points vs. 2022, -1.3 percentage points vs. 2019).
Tables of hotel performance statistics, including data presented in the report are available for viewing online at: https://www.hawaiitourismauthority.org/research/infrastructure-research/
Credit: Featured photo taken from HTA Face book Page
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