Hawaii Vacation Rentals Still Outpacing Hotel Occupancy
In January 2021, the total monthly supply of Hawaii vacation rentals was 433,000 unit nights (-44.3%) and monthly demand was 167,500 unit nights (-73.9%), resulting in an average monthly unit occupancy of 38.7 percent (-53.1 percentage points). In comparison, Hawaii’s hotels had an average occupancy rate of 23.3 percent in January 2021. It is important to note that unlike hotels, condominium hotels, timeshare resorts and vacation rental units are not necessarily...
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