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Maui Performs Well Against Global Destinations

Maui No. 3 in occupancy, average daily room rates, and RevPAR.
March 01, 2013

Maui Performs Well Against Global Destinations

South Maui Homes

By Mark Harbison

Maui has been ranked No. 3 among the world's island and sun destinations for hotel occupancy, according to Hospitality Advisors LLC and Smith Travel Research. Oahu was No. 1, while Kauai and the Big Island were also among the top ten. As a whole, the state came in after Singapore and South Korea for occupancy, but was only second after Singapore for the average daily room rate and revenue per available room. Hawaii's isolation makes its performance all the more impressive, considering that Singapore and South Korea have an enormous pool of vacationers whose visits require relatively little travel, compared with Hawaii.

The report was calculated based on 2012 data, and Joe Toy, the president and CEO of Hospitality Advisors LLC, says we look like we're heading for another strong year. He said our winter season has been very strong, with advanced bookings indicating a busy summer as well.

This, among other recent news, is great incentive for those considering a South Maui real estate purchase for use as a vacation rental, whether part time or full time. Maui hotels are notoriously expensive, so visitors like having alternatives, especially considering how beautiful some South Maui homes and condos can be. Even if the rental price is comparable to a hotel, savvy vacationers know that they can save a lot on dining if they have a kitchen they can cook in.

South Maui Homes

Maui's hotel occupancy rate was 72.6 percent last year, after Oahu and Puerto Rico. We were also third for average daily room rates, after the Maldives and French Polynesia. It costs $257.95 per night on average to stay here, which is higher than all the other islands in Hawaii. Those renting out condos and small homes could certainly offer competitive pricing. And owning a second property on Maui makes it more convenient to live here full time, if you so choose. Maui came in third for RevPAR as well, which was the highest in the state. It seems as though Maui is nothing if not consistent, when it comes to the report's findings.

We hope you've found this information helpful! If you need any assistance with your real estate search, you'll find our contact information at the bottom of the page. Mahalo!

Blogs for March 2013

Major Wind Energy Expansion on Maui

Posted on March 29, 2013
Major Wind Energy Expansion on Maui

According to Sempra U.S. Gas & Power, which owns the Auwahi Wind project at Ulupalakua Ranch, they have a plan to expand the wind farm by adding 40 more wind turbines, taking the project from 21 megawatts to 120 megawatts. An investment this ambitious probably wouldn't… Continue Reading

Grand Wailea Employees to Keep Jobs After Hotel Sold

Posted on March 22, 2013
Grand Wailea Employees to Keep Jobs After Hotel Sold

A substantial South Maui real estate purchase was recently made when GIC Real Estate, the real estate arm of the Government of Singapore Investment Corp., bought the Grand Wailea Hotel. Such a decision could not be made without a high level of… Continue Reading

Increased Projected Hawaii Visitor Arrivals

Posted on March 15, 2013
Increased Projected Hawaii Visitor Arrivals

By Mark Harbison

According to the Hawaii Tourism Authority, its projection for 2013 arrivals to Hawaii has increased from 8.1 to 8.5 million visitors, a change that will make a major impact on the economy in a positive way, assuming the projection is accurate. After the excellent… Continue Reading

Hawaii No. 1 in Gallup Poll For Best Work Environment

Posted on March 08, 2013
Hawaii No. 1 in Gallup Poll For Best Work Environment

By Mark Harbison

We have yet another piece of evidence proving Hawaii is a great place to live, which should motivate those thinking about a move to Maui. Specifically, this information refers to working in Hawaii.

According to the new Gallup-Healthways Well-Being Index,… Continue Reading

Maui Performs Well Against Global Destinations

Posted on March 01, 2013
Maui Performs Well Against Global Destinations

By Mark Harbison

Maui has been ranked No. 3 among the world's island and sun destinations for hotel occupancy, according to Hospitality Advisors LLC and Smith Travel Research. Oahu was No. 1, while Kauai and the Big Island were also among the top ten. As a… 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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