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Tuesday, May 21, 2013

Hotels' occupancy rate at 67 percent in September

The Hotel Association of the Northern Mariana Islands reported yesterday a 66.95 percent occupancy among its 12 member hotels for September 2012, a 7-percent increase from September 2011.

A total of 48,243 of 72,060 available room nights were sold in September 2012, compared to 43,579 of 72,240 of available room nights sold over the same period last year.

Room rates were $93.02 during the month, compared to $92.32 last September.

"Visitors arrivals and hotel occupancy are both slightly higher this year,” said HANMI chair Nick Nishikawa, who is also general manager of the Hyatt Regency Saipan. “However, 67 percent occupancy is still well below our break-even level for hotel operations. With more destination promotions, HANMI strongly believes the visitor industry can improve, which would mean more government revenue and a better standard of living for residents.”

So far this calendar year, hotel occupancy is at an average 73.22 percent, 9 percent higher than last year but still below the healthy industry indicator average of 80 percent occupancy.

The Hotel Association of the Northern Mariana Islands was established in 1985 as a professional forum for the hospitality industry of the NMI. (HANMI)

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