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Times Challenging for Hotel Industry Options
Aurelia Olson
Posted: Tuesday, August 05, 2008 12:27:46 PM
Rank: Newbie
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Joined: 5/6/2008
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Location: Wailuku
For Full Article:

http://www.mauinews.com/


Maui hotel occupancy was way down in June, to 64.6 percent compared with 75.2 percent last year.

For the first half of the year, the numbers are down only modestly, from 75.6 percent in January-June 2007 to 73.8 percent this year.

The accelerated recent decline was not unexpected. The tourist head count is down sharply.

Average posted daily room rates are up by 4 percent to $207 statewide. Ordinarily, this would be taken as a sign of strength, but Hospitality Advisors, which publishes the numbers, says not this year.
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