Skip to content

Maui has the most important trip rental provide in Hawaiʻi with 211,900 obtainable unit nights : Maui Now

PC: Wendy Osher

In October, Maui County had the most important trip rental provide of all 4 counties with 211,900 obtainable unit nights. That is up +2.9% from 2021, however down -34.5% from 2019.

Unit demand was 134,900 unit nights (+4.4% vs. 2021, -47.2% vs. 2019), leading to 63.7% occupancy (+0.9 share factors vs. 2021, -15.3 share factors vs. 2019) and ADR at $343 (+ 25.8% vs. 2021, +53.0% vs. 2019).

For October, Maui County motels reported ADR at $528 and occupancy of 65.1%.

ARTICLE CONTINUES BELOW AD
ARTICLE CONTINUES BELOW AD

The info was compiled by the State of Hawai’i Division of Enterprise, Financial Improvement & Tourism as a part of its Hawai’i Trip Rental Efficiency Report for the month of October, which used knowledge compiled by Clear Intelligence, Inc.

Trip leases throughout Hawaiʻi reported will increase in provide, demand, and common day by day charge, with decrease occupancy in October 2022 in comparison with October 2021. Compared to pre-pandemic October 2019, ADR was increased in October 2022, however trip rental provide, demand and occupancy was decrease, based on the report.

In October 2022, the overall month-to-month provide of statewide trip leases was 650,400 unit nights (+10.7% vs. 2021, -31.5% vs. 2019) and month-to-month demand was 376,700 unit nights (+9.0% vs. 2021, -45.4% vs 2019). This mixture resulted in a median month-to-month unit occupancy of 57.9% (-0.9 share factors vs. 2021, -14.7 share factors vs. 2019) for October. Occupancy for Hawai’i’s motels was 72% in October 2022.

ARTICLE CONTINUES BELOW AD

The ADR for trip rental models statewide in October was $289 (+18.9% vs. 2021, +50.9% vs. 2019). By comparability the ADR for motels was $338 in October 2022. It is very important word that in contrast to motels, models in trip leases are usually not essentially obtainable year-round or every day of the month and sometimes accommodate a bigger variety of visitors than conventional lodge rooms .

The info in DBEDT’s Hawai’i Trip Rental Efficiency Report particularly excludes models reported in Hawai’i Tourism Authority’s Hawai’i Resort Efficiency Report and Hawai’i Timeshare Quarterly Survey Report.

A trip rental is outlined as the usage of a rental home, condominium unit, non-public room in non-public residence, or shared room/area in non-public residence. This report doesn’t decide or differentiate between models which can be permitted or unpermitted. The legality of any given trip rental unit is decided on a county foundation.

ARTICLE CONTINUES BELOW AD

Different Island Highlights compiled by DBEDT:

o’ahu trip rental provide was 185,300 obtainable unit nights (+13.8% vs. 2021, -28.0% vs. 2019). Unit demand was 106,700 unit nights (+22.6% vs. 2021, -47.2% vs. 2019), leading to 57.6% occupancy (+4.1 share factors vs. 2021, -14.8 share factors vs. 2019) with ADR at $217 (+ 16.6% vs. 2021, +35.8% vs. 2019). Compared, O’ahu motels reported ADR at $254 and occupancy of 73.2% for October 2022.

The island of Hawaii trip rental provide was 156,100 obtainable unit nights (+15.2% vs. 2021, -30.6% vs. 2019) in October. Unit demand was 80,600 unit nights (+2.1% vs. 2021, -43.9% vs. 2019), leading to 51.6% occupancy (-6.6 share factors vs. 2021, -12.2 share factors vs. 2019) with ADR at $240 (+ 17.0% vs. 2021, +62.7% vs. 2019). Hawai’i Island motels reported ADR at $361 and occupancy of 75.1%.

Kaua’i had the fewest variety of obtainable trip rental unit nights in October at 97,000 (+16.4% vs. 2021, -32.6% vs. 2019). Unit demand was 54,400 unit nights (+7.8% vs. 2021, -47.8% vs. 2019), leading to 56.1% occupancy (-4.5 share factors vs. 2021, -16.3 share factors vs. 2019) with ADR at $370 (+ 13.8% vs. 2021, +61.1% vs. 2019). Kaua’i motels reported ADR at $364 and occupancy of 78.7%.

.

Leave a Reply

Your email address will not be published. Required fields are marked *