Honolulu Hotel Occupancy Leads Hawaii
August 19th, 2010 categories: The Market
Pacific Business News is reporting the following.
“Oahu maintained the highest occupancy rate at 87.8 percent, up 4 percentage points from a year ago.”
CLICK HERE TO READ THE ENTIRE ARTICLE
This may explain why a past client mentioned that Honolulu doesn’t feel like it is having economically hard times. He noted that malls and restaurants are packed. What does this mean for Honolulu real estate?
Though hotel occupancy is a single indicator, it is one of the more important ones in our market. As tourism improves, businesses reliant on visitors will do better and this will strengthen other sectors too. If you have not yet purchased your part of Oahu, then now may be a great time to do to step up and buyer your house or condo.
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
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Tourism Cycle Impacts Honolulu Real Estate
November 9th, 2009 categories: For Buyers, For Sellers
The Honolulu Advertiser is reporting that hotel occupancy rates have improved.
“After 18 consecutive months of declines in the numbers of visitors staying in Hawaii hotels, September brought a small gain in hotel occupancy — up 1.6 percentage points to 64.6 percent.”CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE
Big things can begin with little steps. Tourism is one of the economic forces in Hawaii and it must improve for Honolulu real estate values to rise. Time will tell if this blip is the beginning of a trend or just a temporary bump. Keep in mind that the nature of a cycle is that it will change. Upward cycles will turn downward and vice versa. If you ask me, for long-term investors, now is a very good time to buy.
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
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