• Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

For Immediate Release | Official News Wire for the Travel Industry

Where press releases are breaking news

  • Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

Hawaii hotels: Flat average daily rate, lower occupancy so far in 2019

April 24, 2019 by Forimmediaterelease

For the first three months of 2019, Hawaii hotels statewide reported flat average daily rate (ADR) and lower occupancy, which resulted in lower revenue per available room (RevPAR) compared to the first quarter of 2018.

According to the Hawaii Hotel Performance Report published by the Hawaii Tourism Authority (HTA), statewide RevPAR declined to $236 (-3.3%), with ADR of $292 and occupancy of 80.8 percent (-2.7 percentage points) in the first quarter of 2019.

HTA’s Tourism Research Division issued the report’s findings utilizing data compiled by STR, Inc., which conducts the largest and most comprehensive survey of hotel properties in the Hawaiian Islands.

For the first quarter, Hawaii hotel room revenues fell by 4.7 percent to $1.13 billion compared to the $1.18 billion earned in the first quarter of 2018. There were more than 74,300 fewer available room nights (-1.5%) in the first quarter and approximately 190,500 fewer occupied room nights (-4.7%) compared to a year ago. Several hotel properties across the state were closed for renovation or had rooms out of service for renovation during the first quarter.

All classes of Hawaii hotel properties statewide reported RevPAR declines in the first quarter of 2019 except Upper Midscale Class properties ($134, +0.6%). Luxury Class properties reported RevPAR of $452 (-5.4%) with ADR of $594 (-1.2%) and occupancy of 76.1 percent (-3.3 percentage points). At the other end of the price scale, Midscale & Economy Class hotels reported RevPAR of $155 (-5.0%) with ADR of $187 (-0.5%) and occupancy of 83.1 percent (-3.9 percentage points).

Comparison to Top U.S. Markets

In comparison to top U.S. markets, the Hawaiian Islands earned the highest RevPAR at $236 in the first quarter, followed by the San Francisco/San Mateo market at $210 (+15.9%) and the Miami/Hialeah market at $208 (-3.5%). Hawaii also led the U.S. markets in ADR at $292 followed by San Francisco/San Mateo and Miami/Hialeah. The Hawaiian Islands ranked fifth for occupancy at 80.8 percent, with Miami/Hialeah topping the list at 83.0 percent (-2.1 percentage points).

Hotel Results for Hawaii’s Four Counties

Hotel properties in Hawaii’s four island counties all reported RevPAR decreases in the first quarter of 2019. Maui County hotels led the state overall in RevPAR at $337 (-2.7%), with ADR at $428 (-0.9%) and occupancy at 78.6 percent (-1.5 percentage points).

Kauai hotels earned RevPAR of $228 (-10.2%), with flat ADR at $305 (+0.2%) and lower occupancy of 74.8 percent (-8.7 percentage points).

Hotels on the island of Hawaii reported a decline in RevPAR to $225 (-9.7%), due to a combination of decreases in both ADR ($285, -2.0%) and occupancy (79.1%, -6.7 percentage points).

Oahu hotels earned slightly lower RevPAR at $196 (-0.9%), with ADR at $236 (+0.8%) and occupancy of 83.0 percent (-1.4 percentage points).

Comparison to International Markets

When compared to international “sun and sea” destinations, Hawaii’s counties were in the middle of the pack for RevPAR in the first quarter of 2019. Hotels in the Maldives ranked highest in RevPAR at $575 (+4.5%) followed by Aruba at $351 (+11.2%). Maui County ranked third, with Kauai, the island of Hawaii, and Oahu ranking sixth, seventh and eighth, respectively.

The Maldives also led in ADR at $737 (+5.2%) in the first quarter, followed by French Polynesia at $497 (-1.1%). Maui County ranked fifth, followed by Kauai and the island of Hawaii. Oahu ranked ninth .

Oahu trailed Phuket (84.5%, -6.3 percentage points) in occupancy for sun and sea destinations in the first quarter. The island of Hawaii, Maui County and Kauai ranked fourth, fifth and ninth, respectively.

March 2019 Hotel Performance

In March 2019, RevPAR for Hawaii hotels statewide declined to $227 (-4.3%), with ADR of $285 (-1.1%) and occupancy of 79.6 percent (-2.7 percentage points).

In March, Hawaii hotel room revenues fell by 5.9 percent to $373.3 million. There were more than 27,200 fewer available room nights (-1.6%) in March and approximately 66,850 fewer occupied room nights (-4.9%) compared to a year ago. Several hotel properties across the state were closed for renovation or had rooms out of service for renovation during March. However, the number of rooms out of service may be under-reported.

All classes of Hawaii hotel properties statewide reported RevPAR declines in March. Luxury Class properties reported RevPAR of $443 (-7.2%) with ADR of $583 (-3.1%) and occupancy of 75.9 percent (-3.4 percentage points). Midscale & Economy Class hotels reported RevPAR of $150 (-2.9%) with ADR of $182 (+0.8%) and occupancy of 82.0 percent (-3.1 percentage points).

Hotel properties in Hawaii’s four island counties all reported lower RevPAR for March. Maui County hotels reported the highest RevPAR in March at $336 (-1.4%) with ADR of $421 (-1.6%) and flat occupancy (79.8%, +0.2 percentage points).

Oahu hotels reported lower occupancy (80.4%, -2.3 percentage points) and flat ADR ($230, -0.2%) for March.

Hotels on the island of Hawaii continued to face challenges in March, with RevPAR dropping 11.2 percent to $216, ADR to $272 (-4.9%) and occupancy to 79.2 percent (-5.7 percentage points).

RevPAR for Kauai hotels fell to $213 (-14.6%) in March, with declines in both ADR to $286 (-4.5%) and occupancy to 74.4 percent (-8.8 percentage points).

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: American Travel News, and, Aruba, authority, average, billion, Breaking Travel News, challenges, class, Class hotels, classes, closed, compared, continued, Corporate News, County, daily, Data, decline, declined, declines, Destinations, Division, due, Economy, economy class, end, face, far, Feature, fewer, findings, first, first quarter, flat, followed, Francisco, free, French, French Polynesia, Hawaii, Hawaii Hotel Performance Report, Hawaii tourism, Hawaii Tourism Authority, Hawaii Travel News, Hawaiian, hawaiian islands, highest, Hospitality News, hotel, hotel room, Hotel Travel News, Hotels, HTA, in, Inc, International, international markets, island, islands, issued, Kauai, largest, LED, list, lower, Luxury, Luxury Travel News, maldives, march, Market, markets, Maui, May, Miami, Middle, million, months, most, News articles, nights, number, Oahu, occupancy, out, pack, percent, percentage, performance, Phuket, points, Polynesia, price, properties, published, quarter, ranked, ranking, rate, renovation, report, reported, research, Resort News, resulted, results, Revenue, revenue per available room, revenues, REVPar, room, room nights, rooms, s, San Francisco, scale, sea, service, Slightly, State, STR, Sun, survey, The Island, to, top, tourism, tourism authority, tourism research, Travel & Tourism Organizations News, Travel Destination News, Travelwire News, were, year

Fly Leasing completes sale of a $295 million portfolio of 12 aircraft

April 18, 2019 by Forimmediaterelease

Fly Leasing Limited announced that it has completed the sale of a portfolio of 12 aircraft for an aggregate price of approximately $295 million. The portfolio was comprised of Airbus A320 and Boeing B737 narrow-body aircraft with an average age of over 10 years.

“This portfolio sale accomplishes several strategic objectives; including generating free cash, reducing leverage, reducing our lessee concentration, and lowering the average age of our fleet,” said Colm Barrington, CEO of FLY. “This is another example of how FLY has consistently sold aircraft from its portfolio at premiums to book value, underscoring the strong value of our fleet.”

Three sales were recognized in the fourth quarter of 2018, eight sales were completed in the first quarter of 2019, and the final sale was completed in April. The sales were at a premium to net book value. FLY will be reporting its first quarter results on May 9th, as previously announced.

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: and, announced, April, average, Aviation News, aviation-website, B737, body, Boeing, book, Breaking Travel News, cash, CEO, Colm Barrington, completed, Corporate News, eight, first, first quarter, fleet, fly by, FLY Leasing Limited, free, in, including, International Travel News, Ireland travel news, IT, Leasing, Leasing Limited, Limited, lowering, May, million, narrow, net, News articles, over, portfolio, premium, price, quarter, reporting, results, said, sale, Sales, sold, strategic, strong, to, Tourism Investment News, Transportation News, Travel Technology News, Travelwire News, value, were, World News, years

55.9 million travelers: Passenger traffic in Portuguese airports up 5.8%

April 13, 2019 by Forimmediaterelease

Portuguese airports traffic increased by 6.2% in the first quarter of the year to over 11 million passengers, compared to the same period of 2018.

According to figures by Vinci Airports, which owns ANA – Aeroportos de Portugal, passenger traffic in Portuguese airports rose 5.8% in the past 12 months to 55.9 million passengers.

“In Portugal, traffic growth was particularly sharp in Faro (+12.3%) and Porto (+9.5%), reflecting the country’s continuous popularity amongst foreign tourists”, Vinci Airport said in a statement.

“At the Lisbon hub, traffic grew by 4.2%, despite the high base for comparison and the current capacity constraints”, the statement added.

The company also pointed out that there had been solid traffic growth (+6.4%) at the airports managed by Vinci Airports in the first quarter of 2019.

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: ANA, and, Aviation News, aviation-website, base, Breaking Travel News, capacity, company, compared, Corporate News, country, current, Faro, figures, first, first quarter, foreign, foreign tourists, free, Growth, high, hub, in, increased, International Travel News, Lisbon, million, million passengers, million travelers, months, News articles, out, over, particularly, passenger, passenger traffic, passengers, past, period, popularity, Porto, portugal, Portugal travel news, portuguese, Portuguese airports, quarter, rose, s, said, statement, to, tourism, tourists, traffic, traffic growth, Transportation News, Travel Destination News, travelers, Travelwire News, up, Vinci Airports, year

Fraport Traffic Figures March and First Quarter of 2019: Growth Trend Continues

April 12, 2019 by Forimmediaterelease

Fraport

Passenger traffic rises at Frankfurt Airport – Fraport’s Group
airports worldwide largely report positive performance
In the first three months of 2019, Frankfurt Airport (FRA) served
almost 14.8 million passengers – an increase of 2.5 percent
year-on-year. Aircraft movements rose by 3.0 percent to 116,581
takeoffs and landings. Accumulated maximum takeoff weights (MTOWs)
climbed by 2.9 percent to some 7.3 million metric tons. Only cargo
throughput (airfreight + airmail) declined by 2.3 percent to a total
of 527,151 metric tons, reflecting the worldwide economic slowdown.
In March 2019, Frankfurt Airport recorded year-on-year traffic growth
of 1.4 percent to about 5.6 million passengers. This increase was
achieved despite the fact that, in March last year, traffic was
additionally boosted by the earlier timing of the Easter school
holidays, falling in April this year. Aircraft movements climbed by
2.1 percent to 42,056 takeoffs and landings, while accumulated MTOWs
grew by 2.8 percent to about 2.6 million metric tons. Cargo
throughput remained almost level compared to March 2018, rising by
0.2 percent to 202,452 metric tons.
Across the Group, the airports in Fraport’s international portfolio
largely performed well in the first quarter of 2019, even though the
different timing of the Easter holidays had an impact on some
airports serving tourist destinations. Ljubljana Airport (LJU) in
Slovenia closed the January-to-March period with an increase of 4.0
percent to 342,636 passengers (March 2019: up 3.0 percent to 133,641
passengers). In Brazil, the two airports of Fortaleza (FOR) and Porto
Alegre (POA), combined, welcomed some 3.9 million passengers, posting
a gain of 11.9 percent (March 2019: up 8.3 percent to approximately
1.2 million passengers).
Fraport’s 14 Greek regional airports served some 1.9 million
passengers overall in the first quarter of the year – an increase of
8.2 percent (March 2019: up 1.1 percent to a total of 713,045
passengers). The busiest airports in Fraport’s Greek portfolio
included Thessaloniki (SKG) with around 1.2 million passengers (up
20.3 percent), Chania (CHQ) on the island of Crete with 153,225
passengers (down 0.4 percent), and Rhodes (RHO) with 151,493
passengers (down 18.1 percent).
Lima Airport (LIM) in Peru advanced by 3.7 percent to some 5.5
million passengers (March 2019: up 2.2 percent to about 1.8 million
passengers). Combined traffic at the two airports of Varna (VAR) and
Burgas (BOJ) on the Bulgarian Black Sea coast slipped by 5.8 percent
to 203,606 passengers (March 2019: down 9.9 percent to 74,102
passengers). Antalya Airport (AYT) in Turkey posted a 5.8 percent
gain to more than 2.7 million passengers (March 2019: down 0.1
percent to nearly 1.1 million passengers). St. Petersburg’s Pulkovo
Airport (LED) in Russia grew by 14.7 percent to about 3.6 million
passengers (March 2019: up 16.3 percent to approximately 1.3 million
passengers). Almost 11.3 million passengers passed through Xi’an
Airport (XIY) in China in the first three months of the year,
representing an increase of 8.0 percent (March 2019: up 3.7 percent
to nearly 3.8 million passengers).

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: and, Antalya, April, Aviation News, aviation-website, black, Black Sea, Brazil, Breaking Travel News, Burgas, busiest, busiest airports, cargo, Chania, China, closed, coast, compared, continues, Corporate News, Crete, declined, Destinations, different, down, earlier, Easter, economic, economic slowdown, even, falling, figures, first, first quarter, Fortaleza, fra, Frankfurt, Frankfurt Airport, Fraport, fraport traffic, Germany Travel News, Greek, Group, Growth, holidays, impact, in, included, increase, International, island, January, landings, last, LED, Lima, Ljubljana, march, maximum, million, million passengers, months, nearly, News articles, only, passed, passenger, passenger traffic, passengers, percent, performance, period, Peru, Petersburg, portfolio, Porto, positive, posted, quarter, recorded, regional, regional airports, remained, report, representing, Rhodes, rises, rising, rose, Russia, s, school, sea, serving, Slovenia, slowdown, St, St. Petersburg, takeoff, The Island, Thessaloniki, through, timing, to, total, tourism, tourist, tourist destinations, traffic, traffic figures, traffic growth, Travel Destination News, Travelwire News, trend, Turkey, up, welcomed, worldwide, Xi, Xi'an, year

WestJet suspends 2019 financial guidance over Boeing 737 MAX grounding

March 18, 2019 by Forimmediaterelease

Today WestJet announced that following Transport Canada’s safety notice closing Canadian airspace to Boeing 737 MAX aircraft until further notice, the Federal Aviation Administration’s temporary grounding order and Boeing’s decision to suspend all MAX deliveries to airline customers, it is suspending all 2019 financial guidance provided on December 4, 2018 and February 5, 2019. The financial guidance provided with respect to earnings per share (EPS), return on invested capital (ROIC) and cumulative free-cash flow over the period of 2020-2022 remains in place until further information is known.

Through proactive planning and preparation for a variety of scenarios, including grounding, WestJet enacted its contingency plan immediately and grounded all thirteen of its MAX aircraft within 55 minutes of Transport Canada’s order with only three MAX aircraft outside of its Canadian jurisdiction. WestJet continues to implement and execute its contingency plan to minimize guest disruption and any financial impact. For the remainder of the first quarter WestJet expects it will be able to protect approximately 86 per cent of guests booked on MAX flights and cover approximately 75 per cent of the flights that were intended to operate on the MAX with other aircraft.

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: and, announced, aviation, Aviation Administration, Aviation News, aviation-website, Boeing, Boeing 737, booked, Breaking Travel News, Canada, Canada Travel News, Canadian, capital, cash, closing, continues, Corporate News, cover-up, customers, December, decision, deliveries, disruption, earnings, execute, federal, Federal Aviation Administration, financial, financial guidance, financial impact, first, first quarter, flights, following, free, grounded, grounding, guests, guidance, immediately, impact, in, including, information, International Travel News, IT, MAX, MAX aircraft, MAX grounding, minutes, notice, only, operate, order, outside, over, period, Place, plan, planning, protect, quarter, remains, respect, return, s, Safety, Share, suspend, suspending, suspends, temporary, through, to, today, tourism, transport, Transport Canada, Transportation News, Travel Disaster & Emergency News, Travelwire News, variety, were, WestJet, World News

Search




Recent Articles

  • Frankfurt Airport: 2023 Summer Flight Schedule with New Destinations and Increased Seating Capacities
  • Minister Bartlett Welcomes Resurgence of Villas Sub-Sector
  • Tourism Seychelles Principal Secretary shares industry successes at 10th Arab Aviation Summit
  • Speed Networking Events Generate Over $650 Million in Revenue for Small Businesses Supplying Tourism Sector, says Bartlett
  • Enjoying the Suite Life at Sandals Resorts
  • Farmers Reap $108 Million in Revenue in first Two Months of 2023 through Revolutionary ALEX Platform
  • SAUDIA Signs an Agreement with Boeing to Order 49 Boeing 787 Dreamliners
  • Recovery Continues: Fraport’s 2022 Fiscal Year Marked by Strong Demand
  • Fraport Traffic Figures – February 2023: Passenger Growth Remains Strong
  • Seychelles Dazzles Partners at ITB Berlin With Promise of Endless Summer

Subscribe to daily email update

RSS eTN Articles

  • 6.5 Earthquake Strikes Hindu Kush Region in Afghanistan
  • Neom Airlines Will Be Saudi Arabia’s Third Carrier
  • Is Indonesia Ready to Part with Visa and Mastercard?
  • How to care for police uniforms
  • Hotelbeds Records Strong Demand in Greece
  • Avion Express to Lease 4 Aircraft to airBaltic
  • Southwest Airlines Begins Utilizing PRISM
  • Budapest Airport Adds Winter Routes with Wizz Air
  • Radisson Hotel Group Breaks Hotel-Opening Records in Africa
  • Frankfurt Airport: New Destinations, More Seats for Summer 2023

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • November 2016
  • October 2016
  • August 2016

Content

and Breaking Travel News Business CEO experience first free hotel Hotels in including Industry International International Travel News IT minister most New News articles only over People s said sandals The World through time to TO BE tourism Tours Transportation News Travel Travel & Tourism Organizations News Travel Destination News Travelwire News up We were WHO World World News year years

Copyright © 2023 · Metro Pro on Genesis Framework · WordPress · Log in