Wednesday, May 23, 2007

Hawaii Hotel Occupancy Plunges

According to Pacific Business News, hotel occupancy has fallen below the two-thirds mark throughout the Hawaiian Islands. During a seven day period spanning May 5th through May 12th, Statewide hotel occupancy slid down to only 58.8%. This represents a staggering 16.9% dip from the same week last year. The last time the occupancy rates fell below 59% was back in December of 2004. Hotel occupancy in Hawaii was actually lower than the national rate of 64.8%.

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