The price of a hotel room in Hawaii reached a record high in April, according to a report issued Wednesday. The average daily rate rose to $186.29 for the month, which is 17.4% higher than in April 2005, the report by Hospitality Advisors LLC said.

Occupancy rates also grew to 76.4%, an increase of 1.3 percentage points.

The number of visitor arrivals went up 10.7%, but hotel occupancy only experienced a modest increase because more visitors chose to stay in condominiums or time shares.

"With demand for Hawaii continuing to rise ... hoteliers have been better able to achieve higher room rates," said Hospitality Advisors President Joseph Toy in a statement. "The improvement in the quality of Hawaii's hotel supply has helped attract higher yielding visitors."

Average revenue for all rooms rose 19.4% to $142.35, which is also a record.

Gross room revenues achieved a new high of $254.3 million, up from the $218 million gained last April.

Maui's occupancy increased 3 percentage points, while the average daily rate grew 21.5% to $243.69.

On Oahu, occupancy went up 2 percentage points, and room rates ascended to $153.32.

Occupancy rates on the Big Island and Kauai decreased by 1 percentage point and 3.3 percentage points respectively. But room rates on those islands rose.

Source: Associated Press