Hawaii hotels lost $238M in dismal summer of '09

10/6/2009 | American City Business Journals

Hotels in Hawaii lost $238 million over the summer, compared with the summer of 2008, and the industry brought in $374 million less than the summer of 2006, according to a survey from Hospitality Advisors and Smith Travel Research. The losses include revenue from room, food and beverage, and retail sales, and Hospitality Advisors said dismal occupancy and revenue per available room rates in August ended the weakest summer season that Hawaii has experienced since the company started its survey.

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