January arrivals and hotel occupancy are down, the result of decreases in arrivals from the East Coast, Japan, and most other international markets. Thanks to higher rooms rates, profitability remains close to the record levels of 2005 and 2006 for hotels, but discounting is already undercutting those increases to some degree and will likely continue into the summer. Oahu, with hotel occupancy at 76%, saw the steepest drop (down 8.6%), with Kauai, at 69%, down a little more than 1% compared with January 2006.
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