Hawaii hotel room rates highest among top five U.S. markets in Q1

1Hawaii hotels took in room revenue of $973.5 million during the first quarter of this year as the average statewide daily room rate jumped 13 percent to the highest of the top five hotel markets in the United States, according to a new report by Hospitality Advisors LLC and Smith Travel Research.

Total hotel revenues, when food and beverage, retail, parking and other revenue sources are factored in, reached a record $1.43 billion for the quarter, a 14.7 percent increase from the same quarter in 2012.

Hawaii’s average daily room rate of $233.33 during the first quarter beat the Miami-Hialeah market in Florida, where the average rate was $223.71, New York City, where the average rate was $210.57 and San Francisco, where the average rate was $165.68. New Orleans rounded out the top five with an average daily rate of $160.51.

Hawaii hotels also saw revenue per available room, or RevPAR, increase by 15 percent during the first quarter to $190.40, which was higher than New York, San Francisco and New Orleans and second only to Miami-Hialeah, where RevPAR for the quarter was $192.38.

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Source: Unknown (2013). Hawaii hotel room rates highest among top five U.S. markets in Q1, Pacific Business News http://www.bizjournals.com/pacific/blog/morning_call/2013/05/hawaii-hotel-room-rates-highest-among.html?page=all published May 13, 2013. Viewed May 14, 2013,