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Hotels’ occupancy rate at 74 pct. in May 2014
The Hotel Association of the Northern Mariana Islands reported yesterday a 74.10-percent occupancy rate among 11 member hotels for May 2014, a 1-percent decrease compared to May 2013.
A total of 52,900 of 71,393 available room nights sold in May 2014, compared to 54,207 of 74,462 of available room nights sold over the same period last year. Room rates were $114.39 during the month, compared to $105.14 last May.
“As we have seen over the last several months, hotel occupancy rates have begun to level out for the time being,” said HANMI chair Nick Nishikawa. “We must continue to allow Marianas Visitors Authority to use its full funding to market the Northern Marianas and make improvements to the destination. Now is not the time to be diverting funding away from our efforts to stabilize the economy. ”
So far this calendar year, hotel occupancy is at an average 84.60 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)
