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Maui hotel occupancy, room revenue fall in May

July 3, 2008

Occupancy at Maui resorts dropped to 65.5 percent in May, a result of fewer tourists, fewer airline seats to the islands and rising air ticket prices. In May 2007, Maui’s occupancy rate was 69.6 percent. For the state as a whole, occupancy was down much less, from 69.1 percent to 68.3 percent. That was less than the decline in tourist numbers for the month. The state Department of Business, Economic Development and Tourism last week reported visitor arrivals in May were down 6.4 percent. Hospitality Advisors, which publishes the occupancy statistics, said the drop in the visitor arrivals was largely due to withdrawn cruise ships, so the impact on hotel rooms was less. Since January, Norwegian Cruise Lines pulled two of the three cruise ships it had in Hawaii service. Maui hoteliers continued to raise their rack rates, which went up $5 a night to $244. The increase in prices did not offset the decline in the number of visitors staying in those rooms, so that revenue per availa

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Matson strikes deal with unions

July 3, 2008

HONOLULU — Matson Navigation Co. and its unionized crew workers have tentatively agreed to a new contract that averts a strike.

The contract would give wage increases and pay parity to unlicensed container ship workers on Matson’s trans-

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30% rise in personal bankruptcies logged

July 2, 2008

HONOLULU — Personal bankruptcies in Hawaii have surged 30 percent during the first six months of the year.

According to the Office of the U.S. Trustee, there were 890 filings through June, with the vast majority being Chapter 7 liquidati

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Housing resales market fall on Oahu

July 2, 2008

HONOLULU — The number of existing single-family home and condominium sales on Oahu plummeted about 26 percent over the first half of 2008 compared with the same six-month period last year, the Honolulu Board of Realtors reported Tuesday.

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Livestock program deadline near

June 30, 2008

WAILUKU — Ranchers have until July 18 to enroll in the 2005-07 Livestock Compensation Program of the U.S. Department of Agriculture.

Owners of stock (including lessees) who suffered losses of feed or had to pay increased amounts for feed

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NAMES & FACES

June 23, 2008

• The Hawaii Visitors and Convention Bureau has appointed Patricia Tarnutzer as western regional director of accounts for its corporate meetings and incentives division.

Tarnutzer is officially joining HVCB’s staff, but she has been handl

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For Love of Country 7-5
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