Waikiki Vacation Properties

We have your Perfect Vacation Rental in Waikiki
  • Email
  • Facebook
  • Google+
  • Instagram
  • Linkedin
  • Twitter
Call (808) 791-2923
  • Home
  • Vacation Rentals
  • Local Attractions
  • Photo Galleries
    • Activities Around Waikiki
    • Art Around Waikiki
    • Waikiki Sights
  • Guest Reviews
  • About Us
  • More
    • News & Events
    • Our Rental Management
    • Rental Policies
    • FAQs
    • Oahu Official Visitor Guide
    • Waikiki Shopping Centers
    • Airlines & Car Rentals
Navigation
Search the site...

Oahu’s ​2015 hotel revenue per room on par with Paris, Tokyo, Milan

February 8, 2016 / sitepro1 / News & Events

Oahu hotels are doing well compared to popular destinations in Europe, Asia and South America, according to a new report by Hospitality Advisors LLC and STR, Inc.

A selected market comparison reviewing Oahu, Tokyo, Milan, Paris and Rio de Janeiro, shows Oahu had the second-highest occupancy and second-highest room rates during 2015.

Oahu hotels were 85.3 percent full, with an average room rate of $222 last year. Revenue per available room, or RevPAR, at Oahu hotels reached $189.37.

Oahu hotel occupancy fell just behind Tokyo hotels, which were 86.7 percent full during 2015. Room rates in Tokyo were second-lowest among the group reviewed at $155.79. Tokyo also saw the second-lowest RevPAR among the five locations.

Paris hotels had the highest average daily rate at an average of $286.90 a night. Paris hotels also saw the highest RevPAR among the cities analyzed, at $219.48. The Paris hotels were the third-most occupied among the group, at 76.5 percent full.

Milan hotel occupancy came in fourth among the group, at 69.4 percent occupied, charging $174.49 a night and seeing RevPAR at $121.10 during 2015.

Rio De Janeiro hotels were 64 percent full last year. The rooms were offered on the market for an average of $120.72 a night, but brought in just $72.26 in RevPAR.

Oahu figures are estimates and subject to change, Hospitality Advisors said.

Room rates are also preliminary and are subject to month-end financial adjustments.

Lorin Eleni Gill
Reporter
Pacific Business News

Related

Waikiki hotels

Contact Us

  • (808) 791-2923
  • vacations@808brokers.com
    • Facebook
    • Twitter
Online Payments

Recent Posts

  • 17 Rare Photos From Hawaii That Will Take You Straight To The Past

    February 18, 2016
  • Yelp Neighborhood Spotlight: Waikiki

    February 14, 2016
  • 11 Extremely Weird Things Only People From Hawaii Do

    February 12, 2016
  • Oahu’s ​2015 hotel revenue per room on par with Paris, Tokyo, Milan

    February 8, 2016

Call us!

Call us!

We're here to help you!

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
(c) 2015-Present - Hawaii Americana Realty RB20383
  • Home
  • Rentals
  • Site Map
  • About Us
  • Privacy Policy