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Hawaii Room Revenue Soars During First 9 Months

From Pacific Business News
Hawaii Room Revenue Soars During First 9 Months
Room revenue at Hawaii hotels rose 7 percent in September, and soared by 15 percent during the first nine months of the year to hit a record $2.45 billion, compared to the same period in 2011, according to a report by Hospitality Advisors LLC and Smith Travel Research.

Occupancy at Hawaii hotels dipped by 0.7 percentage points in September, compared to the same month last year, to a statewide rate of 73.8 percent, but the year-to-date occupancy rate rose 4.1 percentage points to 77.8 percent for the January-September period, which ranked Hawaii No. 3 among the top five hotel markets, behind New York and San Francisco, the report said. Click here for the full story.

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