HAU’OLI MAKAHIKI HOU: Happy New Year, wishing you and your family Hau’oli Makahiki Hou.
WORD FROM THE STAFF As we head into 2022 we would like to thank each and every one of our owners for your continued support during these unprecedented times. Happy New Year to all of you, wishing you good health and good fortune.
HOTEL PERFORMANCE Below is an abbreviated statistical presentation of Revenue per Available Room (RevPAR) and composite of Average Daily Rate (ADR) for the month of November 2021 versus November 2020.
| E-Star Report | Skyline 11/2021 | Comp Set 11/2021 | Skyline 11/2020 | Comp Set 11/2020 |
| RevPAR | $66.04 | $77.56 | $33.08 | $40.13 |
| ADR | $108.47 | $123.15 | $143.65 | $127.99 |
The Aqua Skyline at Island Colony finished the month of November with occupancy at 61% which fell slightly behind our competitive set of 63%. Demand in Waikiki remained low during the month with the pandemic still lingering and the Omicron virus just starting. During November, Skyline outperformed its competitive set, with RevPAR up 99.6% over the prior year, compared to 93.2% growth for the competitive set.
| SKYLINE | Current Month | Year to Date | Running 3 Months | Running 12 Months |
| Occupancy | 164.4% | 42.4% | 105.4% | 26.2% |
| ADR | -24.4% | -10.2% | -23.4% | -11.8% |
| RevPAR | 99.6% | 27.9% | 57.3% | 11.2% |
| COMP SET | Current Month | Year to Date | Running 3 Months | Running 12 Months |
| Occupancy | 100.8% | 62.0% | 103.9% | 39.9% |
| ADR | -3.8% | -15.3% | -9.1% | -18.9% |
| RevPAR | 93.2% | 37.1% | 85.2% | 13.4% |
WHAT’S GOING ON AT SKYLINE AT ISLAND COLONY?
PROJECTED DECEMBER RESULTS December has turned out to be the best month we’ve had since the start of the pandemic. With occupancies near 85%, ADR will finish about $152 and top line revenue goals have been surpassed. The return of the Honolulu Marathon provided us with some bookings and we saw a good base with success from our November Cyber Sale. The Navy provided us with some great business due to the issues with the water contamination of base. This piece of business, in conjunction with our regular TLA Military business boosted Revenues from the middle of the month to end the year into 2022.
FUTURE OUTLOOK 2022 has started off well with January pace exceeding 2021 numbers and the first quarter showing signs of early success as we head into the New Year. The uncertainty of the Omicron virus could put a damper on business as we await the re-opening of our Asia Market. With Hawaii daily COVID counts on the rise again, we are hopeful new COVID restrictions will not be in place once again as it hurt the Hospitality Industry in the past.
PARTNERSHIP NEWS As you know the Annual Meeting is scheduled for February 9, 2022. We ask for your support in signing a proxy naming Kristie Maruyama. If you have any questions please feel free to contact admin@islandcolonypartners.com or call the office at (808) 921-7110.
AOAO UPDATE No new updates at this time.
“As always, we appreciate your support and thank you for your continued patience and assistance during these extraordinary times. Please feel free to contact Kristie Maruayama at 808-772-2662 or via email at kmaruyama@islandcolonypartners.com or any one of us should you have any questions.”
Me ke Aloha Pumehana “With warmest Aloha”
WILLIAM T. TANAKA JR. Managing Partner, American Pacific Hotels LLC. General Partner, Island Colony PH: 808-921-7110
KRISTIE L. MARUYAMA Managing Director Island Colony Partners PH: 808-921-7110
BRIAN H. “KOVY” KOVALOFF General Manager Aqua Skyline at Island Colony PH: 808-923-2345