Hotels across the Hawaiian Islands generated $4.06 billion during the first nine months of 2014, setting a hotel revenue record for the first three quarters of any year.
Statewide occupancy was essentially flat year over year, however, slipping less than a percentage point to 77.8% through the end of September, according to a recent report by Hospitality Advisors and STR.
Meanwhile, average daily rates (ADR) across the Islands climbed nearly 5%, to $241.28, as revenue per available room (RevPAR) increased 4.8%, to $187.72.
Hawaii finished eighth among U.S. markets in terms of occupancy through the first three quarters of this year but was second only to New York when it came to ADR and RevPAR.
The busy Waikiki district on Oahu also set new occupancy (87.5%), ADR ($216) and RevPAR ($189) records during the month of September.