The Hotel Association of the Northern Mariana Islands reported 81.91 percent occupancy among 11 member hotels for July 2014, a 2-percent decrease compared to July 2013.
A total of 58,479 of 71,393 available room nights sold in July 2014, compared to 62,178 of 74,493 of available room nights sold over the same period last year. Room rates were $130.57 during the month, compared to $120.06 last June.
“So far this fiscal year, hotel occupancy rates are just about the same as they were last year at this time. Fortunately, the markets of China and Russia are picking up some of the slack from markets performing less strongly,” said HANMI chair Nick Nishikawa. “However, as industry partners we feel it is imperative that funding from the hotel occupancy tax that now goes to the Marianas Visitors Authority remains intact, so that MVA can continue its marketing plans and keep the local economy on the right track.”
So far this calendar year, hotel occupancy is at an average 83.49 percent, 1 percent lower than last year.
The Hotel Association of the Northern Mariana Islands was established in 1985 as a professional forum for the hospitality industry of the Northern Mariana Islands. (HANMI)