Hotels Struggle to Survive!

Reflecting the continued impact of the Covid-19 pandemic, the US hotel industry reported significant year-over-year declines in virtually every major performance metric during the week of March 29 through April 4.

Oahu Island experienced the largest decrease in occupancy (down 90.7%) and the only single-digit absolute occupancy level (7 percent). The decline in occupancy resulted in the steepest drop in RevPAR (-93.7 percent to $10.83). RevPAR stands for Revenue Per Available Room.