Hawaii hotels were 73.9% occupied in April

Hawaii hotels were 73.9% occupied in April

Hawaii Tourism Authority data released on Friday shows that 73.9% of hotels in Hawaii were occupied in April.

Hawaii Hotel Performance Report, a monthly report compiled by the analytics company STR using data from April, shows that occupancy rates in April were just 4.1 points lower than April 2019 when hotels had 78% occupancy.

This is also a slight drop compared to April last year, when 75.9% of hotels were occupied.

Other key metrics in Hawaii hotels have seen significant increases compared to April 2019. ADR (average daily rate) increased by 38% in one month from $272 to $376. RevPAR (revenue per available room) increased by 31%, from $212 up to $278.

When comparing these figures with last April's, ADR remained mostly flat and RevPAR experienced a slight drop, down by 2%.

The total revenue from rooms in the state reached $467.6 millions last month. This is up by more than 35% compared to $344.7millions in April 2019. Demand was down 2% and supply up 3.5% from April 2019.

Comparing April to last year, the total revenue from rooms fell by 2%.

HTA reported that the report for April included 153 properties, representing 47,381 bedrooms, which is about 85% of the total number of properties in the Islands with 20 or more rooms.

Oahu, among the counties, reported the highest occupancy rate for April, at 78.5%. This is just 1.4 points lower than April 2019. Maui County reported the lowest occupancy of 65%. Maui County reported the biggest drop in occupancy from April 2019 down 13.5 percentages points.

Kauai is the only county to have reported an increase in occupancy compared to last year. Kauai hotels occupied 75% of their rooms in April, an increase of nearly 9 percentage points compared to 2019.

Both ADR and RevPAR increased in all four counties last month, compared with April 2019. Hawaii Island saw the highest increase in ADR at about $66, up to $430. RevPAR increased the most in Kauai, by 73%, to $308.

Maui County, however, had the highest figures overall in both categories with an ADR $609 and RevPAR $398.

Oahu saw an increase in ADR and RevPAR, but it was more modest than the other counties. ADR on Oahu increased by 19%, to $272. RevPAR grew 17% to $204.

Upper upscale properties -- the next tier of property below luxury -- had the highest occupancy at 78%. This was a largely flat rate compared to 2019. Luxury properties, the top-tier property class, had the lowest occupancy rate at 60% and the biggest decline from 2019.

The occupancy rate for hotels in the state has dropped by 5 percentage points, to 75%. In 2019, hotels were at 80% occupancy. ADR in the first quarter of 2023 is $396. This is up 35% compared to 2019. RevPAR has risen 27% year-to date, from $289 to $289. The total revenue from rooms grew by 31% compared to 2019. It went up from $1.49bn to $1.94bn.

Last month, occupancy for the year to date was 3 percentage points higher than in 2022. ADR and RevPAR have grown by 6% and 11% respectively. The revenue from rooms has increased by 11% since the first quarter of 2022 when it totaled to $1.75 billion.