Hotel Boom at Hawaii came at the price of Airline Bust

Hotels and resorts at Hawaii had a great year with record profits but the Airlines had a bummer year. The TIA Travel Price Index for 2004 rose by 4.5% from 2003 which is the largest increase since 2000 mich higher then the 2.7 percent increase in the consumer price index for the same year. The lodging prices in Hawaii rose by 5.2% whereas the airlines fare fell by 1.8%.

The reason for people affording the higher price for the hotel logdings could be due to the lower price of air fares. So one industry loss came as other's profit. Major Hotel chains like Hilton Hotels Corp. have been reporting profit whereas most of the airlines are flying in red including Hawaii's major local carriers and two Mainland carriers which are most active for this place suffered great losses here compared to last year.

This could be due to soaring jet fuel prices and price wars and discounts rush between different airlines. People use to book their tickets for airlines mostly through net and they have access to all the informations where they can choose the cheapest fare travel offering airline. Fares fell more than 1.8 percent in corridors where discount competition abounds.