HAWAII HOTELS broke occupancy records during the first quarter of 2005 with an 85.4% rate

HAWAII HOTELS broke occupancy records during the first quarter of 2005 with an 85.4% rate, which equates to room revenue of $782.3 million. The total number of rooms sold was 4.8 million nights, a 4% increase from the previous year. One reason for the rise is a 1.1% drop in available rooms due to the conversion of many hotel rooms to condo and timeshare units. Hawaii's occupancy rates were second in the nation, with New York leading the way.