Several holiday vacation rental units continued to be unavailable in West Maui in September because of to the Maui wildfires that happened in Lahaina on Aug. 8, 2023.
Device night supply and unit night time demand from customers ended up inactive for the complete thirty day period of September in West Maui, according to the most up-to-date Hawaiʻi Holiday Rental Overall performance Report compiled by the condition Section of Company Economic Growth and Tourism.
Maui highlights consist of the pursuing:
- Maui County trip rental supply lessened to 148,400 accessible device evenings (-33.5% vs. 2022, -52.6% vs. 2019).
- Device demand from customers was 71,700 unit evenings (-49.8% vs. 2022, -68.3% vs. 2019), ensuing in 48.3% occupancy (-15.7 percentage details vs. 2022, -23.9 share factors vs. 2019) and
- ADR at $266 (-20.% vs. 2022, +16.9% vs. 2019).
For September 2023, Maui County resorts claimed ADR at $534 and occupancy of 62.7%.
Getaway rentals across Hawaiʻi described boosts in supply, with reduce need, ordinary daily charge and occupancy, in September 2023 as opposed to September 2022. In comparison to pre-pandemic September 2019, ADR was greater in September 2023, but vacation rental source, need and occupancy were lessen.
DBEDT launched the report making use of facts compiled by Transparent Intelligence, Inc.
In September 2023, the full every month source of statewide vacation rentals was 707,700 device evenings (+6.5% vs. 2022, -22.5% vs. 2019) and every month need was 373,200 device nights (-4.9% vs. 2022, -40.% vs. 2019). This blend resulted in an typical regular unit occupancy of 52.7% (-6.3 proportion factors vs. 2022, -15.4 percentage details vs. 2019) for September. Occupancy for Hawai‘i’s accommodations was 75.5% in September 2023.
The ADR for holiday rental units statewide in September was $260 (-8.% vs. 2022, +34.3% vs. 2019). By comparison, the ADR for lodges was $346 in September 2023. It is significant to observe that not like hotels, units in trip rentals are not always out there yr-spherical or just about every day of the thirty day period and normally accommodate a larger sized variety of guests than standard resort rooms.
The facts in DBEDT’s Hawai‘i Holiday Rental General performance Report specifically excludes units documented in Hawai‘i Tourism Authority’s Hawai‘i Hotel Effectiveness Report and Hawai‘i Timeshare Quarterly Study Report. A getaway rental is defined as the use of a rental house, condominium unit, non-public area in personal property, or shared space/area in non-public house. This report does not ascertain or differentiate between units that are permitted or unpermitted. The legality of any supplied trip rental device is determined on a county foundation.