Hawaii vacation rentals in demand
by: editor | copyright: eTurboNews – Travel & Tourism News
The State of Hawai‘i Department of Business, Economic Development & Tourism (DBEDT) issued today the Hawai‘i Vacation Rental Performance Report for the month of November utilizing data compiled by Transparent Intelligence, Inc.
In November 2022, the total monthly supply of statewide vacation rentals was 639,300 unit nights (+16.7% vs. 2021, -30.4% vs. 2019) and monthly demand was 365,000 unit nights (+6.1% vs. 2021, -42.1% vs. 2019) (Figures 1 and 2). This combination resulted in an average monthly unit occupancy of 57.1 percent (-5.7 percentage points vs. 2021, -11.5 percentage points vs. 2019) for November. Occupancy for Hawaii’s hotels was 70.5 percent in November 2022.
The ADR for vacation rental units statewide in November was $293 (+18.0% vs. 2021, +38.7% vs. 2019). By comparison the ADR for hotels was $345 in November 2022. It is important to note that unlike hotels, units in vacation rentals are not necessarily available year-round or each day of the month and often accommodate a larger number of guests than traditional hotel rooms.
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Hawaii vacation rentals in demand
Source: eTurboNews
