New records for occupancy, room rates
The Hotel Association of the Northern Mariana Islands reported 94.93 percent occupancy among 11 member hotels for July 2017, a 3-percent increase compared to the prior record of 91.84 percent in July 2016.
Average room rates were $149.95 during the month, compared to $144.20 last June and the previous record of $145.17 in July 1997. HANMI said 68,301 of 71,949 available room nights sold in July 2017, compared to 65, 908 of 71,765 available room nights sold over the same period last year.
“Record-breaking occupancy and room rates among HANMI member hotels means more government revenue in the form of hotel occupancy tax, BGRT, and other taxes. At the same time, we are employing more local workers than ever,” said HANMI chair Gloria Cavanagh. “In light of the role our hotels have played in the economic recovery of The Marianas, those hotels leasing public land are eagerly looking forward to being able to extend those leases or negotiate new ones as proposed in SB 20-35. Why fix what’s not broken? Rather, let’s continue this upward trajectory of economic growth we have started.”
HANMI was established in 1985 as a professional forum for the hospitality industry of the CNMI. HANMI also makes regular charitable donations to support non-profit organizations and tourism-related government projects. (HANMI)