On Wednesday, April 13, Honolulu City Council voted 8-1 to pass Bill 41, an effective ban on vacation rentals across the island of Oahu. Most significantly, the bill changes the definition of a short-term rental to ninety days and prohibits both whole-home rentals (called transient vacation units, or TVUs) and properties in which the owner […]
Hawaii vacation rental occupancy rates outperform hotels kitv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitv.com Daily Mail and Mail on Sunday newspapers.
Hawaii vacation rental occupancy rates outperform hotels
by The Associated Press
Last Updated Apr 6, 2021 at 10:28 am EDT
HONOLULU Hawaii’s vacation rental market has outperformed hotels in occupancy rates in every month since October.
Vacation rental owners across the state have said the higher demand was prompted by pandemic-related attitude shifts that prioritize space and seclusion for getaways, the Honolulu Star-Advertiser reported Monday.
Other rental home operators have said that the pandemic-induced reduction in some hotel services, such as daily housekeeping, has decreased the service gap between homes and vacation rentals, the newspaper reported.
Matt Beall, the CEO of the full-service real estate brokerage Hawaii Life, said the company is enjoying its best year on record for vacation rentals.
Catherine Cruz/HPR
HONOLULU Hawai‘i s vacation rental market has outperformed hotels in occupancy rates in every month since October.
Vacation rental owners across the state have said the higher demand was prompted by pandemic-related attitude shifts that prioritize space and seclusion for getaways, the Honolulu Star-Advertiser reported Monday.
Other rental home operators have said that the pandemic-induced reduction in some hotel services, such as daily housekeeping, has decreased the service gap between homes and vacation rentals, the newspaper reported.
Matt Beall, the CEO of the full-service real estate brokerage Hawaii Life, said the company is enjoying its best year on record for vacation rentals.