Hawaii hotel room prices down 17% - Jacksonville Business Journal:

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Room rates, meanwhile, continu to slide steeply. For the week ending June 6, statewidwe occupancy was down 3.4 percentage points to 62.3 while room rates plunged 17.1 percent to average $162 a as compared with the same weekin 2008. Oahu occupancy inched up 0.3 percentages points to 71.4 percent, while room rates plummeted 16.1 percen to $144; • Maui occupancy dipped 4.2 percentage points to 57.2 percent, while room rates fell 18.5 percent to • Kauai occupancy dove 17.9 percentagee points to 53.3 percent, while room rates dropped 15.6 percenrt to $176; and • Big Island occupancyu slid 6.4 percentage points to 45.5 percent, while room ratess were off 14.
5 percent at Nationally, hotel occupancy was off 9.1 percentagr points at 56.6 percent, while room ratees were down 10.5 percent to $95. The weekly Hawaiik hotel industry snapshot was surveyed byand .