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HHGI Hawaiian Hospitality Group Inc (CE)

0.001
0.00 (0.00%)
07 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hawaiian Hospitality Group Inc (CE) USOTC:HHGI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.001 0.00 01:00:00

Hawaiian Hospitality Group, Inc. Announces Increase in Australian and Canadian Corporate and Wedding Bookings

28/10/2011 11:39pm

Marketwired


Hawaiian Hospitality (CE) (USOTC:HHGI)
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Hawaiian Hospitality Group, Inc. (PINKSHEETS: HHGI), a growing provider of wedding and corporate event services as well as sustainable land use solutions, announced today that it has experienced a five (5) fold increase in Australian and Canadian corporate and wedding bookings from this time last year.

The sharp increase is likely due to the strong Australian and Canadian dollar compared to the U.S. dollar. Current exchange rates are 1:1.07 and 1:1, respectively according to Bloomberg.com.

HHGI's increased bookings are evidenced with data from the State of Hawaii's Hawaiian Tourism Authority, which found that as of September 2011, total visitor days rose 4.2% from last year, and total visitor spending rose an impressive 14.9% to $9.3 billion.

Among those noted by the State's report were Canadian visitors: September 2011 saw a 23% increase in visitors from that North American country. It was the 15th straight month of double digit increases from the Canadian market. The Hawaiian Tourism Authority also stated that both Australia and New Zealand "have experienced steady growth in outbound travel to Hawaii over recent years."

"We're thrilled with the boom to our Australian and Canadian corporate and wedding bookings and are currently working on marketing campaigns to spotlight our business to both brides and corporations in those regions," said Linda Kress, CEO of Hawaiian Hospitality Group, Inc.

HHGI produces both small and large corporate events and weddings on its flagship property, Loulu Palm Estate, on Oahu's idyllic North Shore. Fronted by a mile-long white sand beach, backed by majestic green mountains, featuring a historic plantation house and sweeping oceanfront lawn, the site is revenue-positive with more than one hundred (100) event bookings in 2011 and an anticipation of even greater growth for 2012.

About Hawaiian Hospitality Group, Inc. Hawaiian Hospitality Group, Inc. (PINKSHEETS: HHGI) is a growing provider of sustainable land use solutions and event services. The Company draws on environmental engineering expertise to identify, design, develop and operate destination sites that provide environmental and commercial revitalization for Hawaii's coastal properties. Hawaiian Hospitality Group, Inc. employs innovative approaches to land use to create profitable enterprises while restoring and preserving the beauty and natural resources of the Hawaiian Islands. The Company generates revenue from venue fees, catering services, wedding planning and other services on destination sites it develops, maximizing value, while minimizing the ecological footprint of its operations.

Contact: Hawaiian Hospitality Group, Inc. Investor Relations 1-888-344-4933 info@hawaiianhospitalitygroup.com www.hawaiianhospitalitygroup.com

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