Oahu's hotel revenue on par with top tourist destinations in the world.
Popular destinations in Europe, Asia, and South America are often ahead of the U.S.'s when it comes to room rates and occupancy. Paris, Milan, Tokyo, and Rio de Janerio are typically the top four in the select categories. In 2015, Oahu had the 2
nd-highest occupancy and the 2
nd highest room rates in 2015. (USA! USA! USA!)
On average, Oahu hotels were 85.3 percent full and had a $222 room rate. Revenue reached $189.37. Tokyo hotels reached an 86.7 percent occupancy but were actually 2
nd lowest in room revenue.
Paris hotels held the highest rate at $286.90 per night and had the highest net revenue for their hotels (French . . . am I right?). Occupancy was third-highest among the group studied. (Probably due to their odd smells and even odder assortments of cheese.)
Coming in 4
th, the Milano hotels were, on average, filled at 69.4 percent. They charged a mean of $174.49 per night and saw their net revenue at $121.10 during the year of 2015. (You have to imagine that the only thing that could cruise the hotel business owners ego was the Italian's performance in the 2014 World Cup.)
Know where to travel if you want to save money, or purchase a couple of night's in the best locations in the world. If you are located in or around California or Arizona the Western US, call orÂ
contact us, Parkwest General Contractors, today—we will be glad to discuss your options and figure out the best way to complete the job with minimal impact on your customers or your bottom line.
