Hawaii holiday rentals offer, need and occupancy drop sharply in August

In August 2020, the overall monthly source of statewide family vacation rentals was 356,500 device…

In August 2020, the overall monthly source of statewide family vacation rentals was 356,500 device nights (-60.1%) and month-to-month demand was 48,500 unit nights (-92.7%), resulting in an regular every month device occupancy of 13.6 p.c (-60.7 proportion points).

In comparison, Hawaii’s resorts had an normal occupancy charge of 21.7 % in August 2020. It is significant to be aware that compared with motels, condominium inns, timeshare resorts and trip rental units are not automatically available calendar year-spherical or just about every working day of the month and often accommodate a much larger number of guests than traditional resort rooms. The unit average each day fee (ADR) for family vacation rental units statewide in August was $191, which was better than the ADR for hotels ($158).

On Oahu, quick-time period rentals (rented for significantly less than 30 times) were not permitted to work during August. For Hawaii Island, Kauai and Maui County, legal small-time period rentals were being permitted to run as long as they were being not getting made use of as a quarantine spot.

Throughout August, all passengers arriving from out-of-state have been required to abide by a required 14-day self-quarantine. On August 11, a partial interisland quarantine was reinstated for any one traveling to the counties of Kauai, Hawaii, Maui, and Kalawao (Molokai). The the vast majority of flights to Hawaii had been cancelled in August because of COVID-19.

HTA’s Tourism Analysis Division issued the report’s results employing facts compiled by Transparent Intelligence, Inc. The facts in this report specially excludes units noted in HTA’s Hawaii Resort Performance Report and Hawaii Timeshare Quarterly Study Report. In this report, a vacation rental is defined as the use of a rental household, condominium device, personal area in personal dwelling, or shared room/area in private dwelling. This report also does not decide or differentiate concerning models that are permitted or unpermitted. The “legality” of any specified vacation rental device is determined on a county foundation.

Island Highlights

In August, Maui had the largest trip rental supply of all four counties with 123,100 out there unit evenings, which was a lower of 57.9 % when compared to a 12 months ago. Unit demand from customers was 12,100 unit evenings (-94.7%), ensuing in 9.8 % occupancy (-67.8 share factors) with an ADR of $229 (-38.2%). Maui County accommodations ended up 8.6 p.c occupied with an ADR of $207.

Oahu holiday vacation rental supply was 100,600 available device evenings (-62.6%). Unit need was 21,200 unit evenings (-90.1%), ensuing in 21.1 p.c occupancy (-58.5 share details) and an ADR of $163 (-41.9%). Oahu motels have been 26.8 % occupied with an ADR of $157.

The island of Hawaii family vacation rental source was 77,900 out there device evenings (-63.2%) in August. Device demand from customers was 9,900 device nights (-92.7%), ensuing in 12.7 p.c occupancy (-51.6 proportion details) with an ADR of $165 (-40.8%). Hawaii Island motels were 26.1 p.c occupied with an ADR of $130.

Kauai had the fewest range of readily available device nights in August at 54,900 (-54.6%). Device desire was 5,300 unit evenings (-93.9%), ensuing in 9.6 p.c occupancy (-62.2 proportion factors) with an ADR of $267 (-38.2%). Kauai hotels were 16.8 per cent occupied with an ADR of $165.