Press Release 7 January 2014
Surf's Up for Waikiki Hotels
Waikiki leads the top 25 markets in RevPAR growth. Visitation is on an upswing, but stays are getting shorter. Hotel transactions picked up the pace in 2013.
One of the most popular resort markets in the United States, Waikiki, is famous for its beachfront hotels, long surf break, and traditional Hawaiian hospitality. Waikiki is a densely developed, pedestrian-oriented tourist district located between downtown Honolulu and Diamond Head National Monument, along the southern coast of O’ahu, the most populous of the Hawaiian islands.
Waikiki reflects a diverse mix of development with luxury hotels and high-end boutique shops juxtaposed with mid-scale lodging and retail outlets. Full-service hotels with the highest-ratings are located near the beach with ocean, Diamond Head, or sunset views. High-rise condominium and apartment buildings dominate the landscape farther inland. Vacant land is essentially unavailable, and large hotels currently occupy all prime beachfront locations.
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