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State and Maui Tourism Up in May

Good economic news for Maui and the state.
May 25, 2012

State and Maui Tourism Up in May

South Maui Real Estate

By Mark Harbison

There's good news for the Maui visitor industry, and for the state as a whole. Occupancy and prices were both up during the week ending on May 12th. Yes, these numbers are calculated on a weekly basis, rather than monthly, such as with Maui real estate statistics. After all, the visitor industry can fluctuate much more quickly.

The data was provided by Hospitality Advisors LLC and Smith Travel Research. According to their report, the average rate of a Hawaii hotel room rose by 7.6 percent compared to the same week last year, and occupancy rose by 7.1 percent. The average room rate came out at $191.30, while the occupancy rate was 71.5 percent.

Oahu occupancy was the highest among the islands at 78.2 percent, but their increase in occupancy was only 5.9. Kauai, on the other hand saw the biggest occupancy jump with a 17.1 percent increase to 70.6 percent occupancy. Keep in mind that Kauai is a very small island, meaning even small occupancy changes will often look extreme when you look at the percentage change. The Big Island gained 4.2 percent to end at only a 53.1 percent occupancy.

Now that you know how the other islands did, you'll know how Maui is performing comparatively. We had a 68.8 percent occupancy, which was a 7.7 percent increase. That was a bigger improvement than Oahu or the Big Island experienced. Also, Maui's average room rates are higher than all the other islands. We ended at $225.03, which was a 2.7 percent gain.

Oahu room rates went up by 10.3 percent to $177.76, Kauai room rates went up by 8.8 percent to $208.94, and the Big Island room rates increased by 4.5 percent to $175.69. 

Aside from the particulars of how each island is performing as a vacation destination, the overall trend indicates growth and financial gain for the state of Hawaii, and for our lovely island of Maui. We bring this information to you because some of those who are thinking about buying a home on Maui are interested in how the economy is performing, and the visitor industry comprises an enormous portion of our economy. When tourism thrives financially, so do we.

Blogs for May 2012

State and Maui Tourism Up in May

Posted on May 25, 2012
State and Maui Tourism Up in May

By Mark Harbison

There's good news for the Maui visitor industry, and for the state as a whole. Occupancy and prices were both up during the week ending on May 12th. Yes, these numbers are calculated on a weekly basis, rather than monthly, such as… Continue Reading

Improving Hawaii Economy

Posted on May 18, 2012
Improving Hawaii Economy

By Mark Harbison

For those who are still skeptical about the economic recovery of Hawaii, some recent news may change your minds. According to the U.S. Bureau of Labor Statistics, there were more employees quitting than being laid off during the month of March. Yes, it takes time to… Continue Reading

Maui Condo Sales and Prices Up in April

Posted on May 11, 2012
Maui Condo Sales and Prices Up in April

By Mark Harbison

The Maui real estate statistics are in for the month of April, with a mix of results, but a climb in condo sales and prices. Home prices and sales dropped. Bear in mind that in a small market like ours, each… Continue Reading

Maui Lecture and Slideshow by Animal Rights Photographer

Posted on May 04, 2012
Maui Lecture and Slideshow by Animal Rights Photographer 

By Mark Harbison

Jo-Anne McArthur is an accomplished animal rights photographer, and she will be presenting a lecture and slideshow on her work on May 10th in Paia. For anyone within the Maui community who is passionate about the welfare of animals, or simply… Continue Reading

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Mark A Harbison
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