Hotel occupancy up 67 percent; rates up 40 percent since 2010

With the release of its latest monthly occupancy statistics, the Hotel Association of the Northern Mariana Islands reported that occupancy rates have catapulted 67 percent and room rates have jumped 40 percent compared to five years ago.
 
HANMI cited the growth as evidence that existing hotels on public land leases should be allowed to negotiate new leases with the government.
 
“October was another month of phenomenal performance in terms of occupancy rates, marking a continued upswing in the CNMI’s tourism recovery. It would be prudent to continue this growth,” said HANMI chair Gloria Cavanagh. “We believe our members—Hyatt Regency Saipan, Fiesta Resort & Spa, Kanoa Resort, Mariana Resort & Spa, and Pacific Islands Club Saipan—should all have the opportunity to negotiate with the Department of Public Lands so we can continue contributing to the economy. Delaying these negotiations doesn’t help the industry.”
 
So far this calendar year, hotel occupancy is at an average 87 percent, 5 percent higher than last year. Additionally, average room rates have increased by 5 percent compared to the same period last fiscal year.
 
HANMI reported a 91.06-percent occupancy among 11 member hotels for October 2015, a 27-percent increase compared to October 2014.
 
A total of 65,009 of 71,393 available room nights sold in October 2015, compared to 51,065 of 71,393 of available room nights sold over the same period last year. Room rates were $124.41 during the month, compared to $118.98 last October.
 
HANMI was established in 1985 as a professional forum for the hospitality industry of the NMI. (HANMI)
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