Hawaii hotels reported record revenue for the first quarter of $1.44 billion, despite a 1.2% dip in occupancy for the first three months of the year. Experts say the first quarter of 2013 was "exceptional," and bookings were expected to slow this year. "While the first quarter busy season was strong, the second quarter results are always important as it gives an indication of how much momentum there is in the market as we head into the peak summer season," said Joe Toy, president and CEO of Hospitality Advisors.

Related Summaries