Encryption & other News

Here is some good news for the state: Sure seems like the economy is rebounding. People have money to start traveling to Hawaii on vacation, and that would seem to be a definite indicator of disposable income.
Pacific Business News (Honolulu, Oahu) posted a story under the headline; Hawaii’s hotel occupancy up 7.1% last week. The piece was posted on June 18, 2010.
Pacific Business News says that according to an industry report, Hawaii’s hotel occupancy rates last week rose 7.1 percent relative to the same week last year. Real estate has also been picking up in some areas.
PBN cited The Hawaii Hotel Industry Snapshot, which is developed by Smith Travel Research and the Hospitality Advisors as finding that last week’s hotel occupancy was reported at 70.3 percent. This was noted as 4.5 percent better than the national average. Here is a winning Oahu Real estate if you happen to be on the search for some good real estate agent over on that island.
All in all, the article went on to say that Oahu had the highest occupancy rate of 70.3 percent, a healthy increase of 9.5 percent. Maui was noted as having a 69.2 percent occupancy, which translates to a 4.6 percent ride over last year. Kauai actually had the most impressive leap in occupancy, with nearly an 11.3 percent rise, giving the Garden Island a 67.9 percent occupancy rate. The Big Island was a laggard with only 1.1 percent rise, giving it an occupancy rate of 51.3 percent.
The good news for Hawaii travelers is that even as the rooms began to fill, Pacific Business News reports, the state’s average room rate actually dropped to 1.7 percent less than the year prior— to $170.15. Oahu, the most populated island, could really use a bigger boost to it’s real estate market.