Transparent Intelligence News Today

Many vacation rental units continued to be unavailable in West Maui in September due to the Maui wildfires that occurred in Lahaina on Aug. 8, 2023.

The island of Hawai‘i vacation rental supply was 209,100 available unit nights (+26.1% vs. 2022, -4.6% vs. 2019) in September. Unit demand was 93,100 unit nights (+12.0% vs. 2022, -27.2% vs. 2019), resulting in 44.5% occupancy (-5.6 percentage points vs. 2022, -13.8 percentage points vs. 2019) with ADR at $214 (-4.9% vs. 2022, +46.6% vs. 2019). Hawai‘i Island hotels reported ADR at $373 and occupancy of 66.4%.

Due to the Maui wildfires that occurred in Lahaina on Aug. 8, 2023, many vacation rental units in West Maui became unavailable for the rest of August, resulting in dramatic decreases in unit night supply and unit night demand in the West Maui area.

The occupancy for Big Island vacation rentals in May was 43.5%, which is down 14.2% from a year ago and 27.8% lower than May 2019, before the COVID-19 pandemic struck.

Maui County had the largest vacation rental supply in the state in April 2023. In comparison to pre-pandemic April 2019, ADR was higher in April 2023, but vacation rental supply, demand and occupancy were lower.

For most property owners, Airbnb is an indispensable source of bookings traffic.

The State of Hawaii Department of Business, Economic Development & Tourism (DBEDT) issued the Hawaii Vacation Rental Performance Report.

While gains were realized in month-over-month data, Maui’s vacation rental supply, unit demand and occupancy in February remained down double-digits from pre-pandemic levels in 2019.

OTA Insight, the global leader in cloud-based hospitality business intelligence, today announced the appointment of Vivek Bhogaraju as its new Chief Operating Officer.

Maui County last month had the largest vacation rental supply and average daily rate of all four counties, according to a state report released Thursday.