Real Estate Maui Hawaii Blog

Mark and Lisa bring you the latest on the Hawaii real estate market, events, fundraising benefits, news, sports, new island developments, tips to help you buy or sell a home and more. Subscribe to receive updates on our weekly blog today!

Lower Hotel Room Rates on Maui Benefit Visitors

Lower hotel room occupancy on Maui leads to lower nightly rate.
November 27, 2009

Lower Hotel Room Rates on Maui Benefit Visitors

Maui Home Sales in Wailea

By Mark Harbison

Hotel room rates on Maui dropped 16 percent as of November 14th to an average of $188 per night. Of course, mid-November is one of the slowest times of the year for the Hawaii visitor industry, which tourists should keep in mind if they prefer a lower density of other visitors on their vacation.

Room rates have dropped for all the major islands, in fact. Oahu fell 8.8 percent to $144, Kauai dropped 4.3 percent to $176, and the Big Island fell 4.3 percent to $146 per night.

Statewide, hotel occupancy fell an average of 3.9 percent to 63.5 percent and room rates dropped 10.1 percent to a total average of $157. Hotel occupancy is not only falling in the state of Hawaii. Nationwide, that number dropped by 3.6 percentage points to 52.6 percent and room rates subsequently fell 9.9 percent to an average of $95 per night.

This research indicates that the tourism industry is still in flux, as are many others. It will be interesting to see things level off and find a stable equilibrium. As they say, there is no bell that rings when the market hits the bottom, so for those who are in a position to travel, strike while the iron is hot and things are affordable. This applies to both the tourism industry in Hawaii and the housing market.


We recommend a look at new Maui property listings as well as our Maui real estate listings. If you have any questions or would like to contact us, you can call (866) 874-1942 toll free or Lisa's cell at (808) 283-7426. You can also email mark@realestatemauihawaii.com or lisa@realestatemauihawaii.com.

Blogs for November 2009

Lower Hotel Room Rates on Maui Benefit Visitors

Posted on November 27, 2009
Lower Hotel Room Rates on Maui Benefit Visitors

By Mark Harbison

Hotel room rates on Maui dropped 16 percent as of November 14th to an average of $188 per night. Of course, mid-November is one of the slowest times of the year for the Hawaii visitor industry, which tourists should keep in… Continue Reading

Good National Outlook for Housing Market

Posted on November 20, 2009
Good National Outlook for Housing Market

By Mark Harbison

While some degree of optimism is necessary for the Realtor who is determined to be successful, it sure is reassuring when the National Association of Realtors (NAR) shares the same outlook.

The recent news reports say the the home buyer tax credit has improved… Continue Reading

Maui Real Estate Sales Statistics

Posted on November 13, 2009
Maui Real Estate Sales Statistics

By Mark Harbison

The numbers are in for Maui real estate sales, and we'll get to them in a minute, but first, the good news from congress. The first-time home-buyer tax credit has been extended to April 30th, 2010.

For those of you who aren't familiar, the Federal… Continue Reading

Hawaii Smart Grid to Get $5.3M

Posted on November 06, 2009
Hawaii Smart Grid to Get $5.3M

By Mark Harbison

A couple of weeks ago, we blogged about the development of Smart Grid technology which keeps track of and reduces energy consumption in homes. Smart Grid monitors peak energy consumption times and powers off appliances and other items powered by electricity during those… Continue Reading

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Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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