Wednesday, March 31, 2010

No Apparent Urgency To Duck 'n Cover or Head for Hills: Revenue Picture Brightens for Oahu Hotels

Didn’t rail’s opponents say the economic slump would last forever and doom the project? “Look around! We can’t afford it!” they’ve been shouting for months.

What happened? What happened is what always happens. The economy is turning around in a cycle that’s as sure to happen as the tides. That’s the way it’s always been and always will be.

The latest news: Oahu hotels will see a healthy 7.2-percent increase in revenue per available room this year, according to a new forecast by PFK Hospitality Research.

The hyper-active opponents will be creative in spinning this, of course, and we’ll all do well to ignore them.

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