Our hotel room occupancy in December was approximately 9 per-cent lower than in December 06.  As of last week our occupancy was just over 60 per-cent.   This is not good.  Kauai increased their occupancy rate to 56.6%, just behind Oahu and Maui dropped 8.7% to come in just a little higher than Oahu at 64.4%.  On the Big Island of Hawaii, they were down to 50.2%.   With our visitor load dropping, are we going to see the home market tighten up?  

Of course, prices were up everywhere except Maui where they dropped to $296 per night.   On the mainland where tourism doesn't play such a dominant role as it does in our economy here in Hawaii, occupancy was up over 3% but in the main, their occupancy rate is still below 50%.  Maybe our tourism industry isn't doing so poorly after all.  

Here in Kailua, our restaurants have been jammed over the holidays.   With our home prices increasing slightly, we have a good solid buyer's market even though the sales levels are off a bit. 

RE/MAX Kai Lani, 25 Kaneohe Bay Drive, Kailua, HI 96734  (808) 237-5300.