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Five Diamond Rating Awarded to Four Seasons Resort

AAA recently granted their highest award to the Four Seasons Resort in Wailea.
January 23, 2015

Five Diamond Rating Awarded to Four Seasons Resort

AAA Hawaii has recently announced the establishments that received their Five Diamond Rating for 2014. Unsurprisingly, two of them were Maui resorts.five diamond rating awarded to four seasons resort

The other winners included two restaurants on Oahu, which were Chef Mavro and La Mer, along with one resort on the Big Island, the Four Seasons Resort Hualalai. The Maui winners were the Ritz-Carlton in Kapalua and the Four Seasons Resort at Wailea, which is located here in South Maui. What does this distinction mean? Every year, AAA reviews over 28,000 hotels, resorts, historic inns and B&Bs. Only 0.4 percent of them make it on the Five Diamond list.

This kind of news helps paint a bigger picture of the future for Maui property owners. Our island has a reputation for excellence when it comes to accommodations and overall vacation experience. The Maui Visitors Bureau has always emphasized fewer guests and higher prices as the theme for our island, yet every year, we still find that hundreds of thousands of people are willing to pay more for a Maui vacation rather than visit somewhere else for less.

If you're in the market for real estate, particularly South Maui real estate, it helps to be aware of one thing: the visitor industry is only going to grow. That is assuming no catastrophic surprises ensue. On that score, so far so good. If you're trying to figure out how to make a living here, be aware of tourism as a major source of income for the island, and possibly for yourself. If you've ever come here for a vacation, you might have some useful ideas about enhancing the experience of visitors, and who knows, maybe you could turn your insights into a profitable venture.

You should also be aware that Maui accommodations cost more, thanks to the perceived value of a vacation here. If you plan to use your Maui property as a vacation rental, you can charge more on average than you could on any of the other Hawaiian islands.

Being aware of the visitor industry climate can pave the way for healthy success as long as you make smart choices. If you need assistance buying real estate on Maui, we'd love to assist you, and you can find our contact information at the bottom of the page. Mahalo for reading this week!

Blogs for January 2015

New Plan for Rooftop Solar Connections to Grid

Posted on January 30, 2015
New Plan for Rooftop Solar Connections to Grid

Hawaii's march toward cheaper, renewable energy sources is struggling with a bit of a bottleneck. No, it's not the cost of rooftop solar installation for customers, it's the number of installations that the grid can integrate. The good news is that Hawaiian Electric… Continue Reading

Five Diamond Rating Awarded to Four Seasons Resort

Posted on January 23, 2015
Five Diamond Rating Awarded to Four Seasons Resort

AAA Hawaii has recently announced the establishments that received their Five Diamond Rating for 2014. Unsurprisingly, two of them were Maui resorts.

The other winners included two restaurants on Oahu, which were Chef Mavro and La Mer, along with one resort on the Big… Continue Reading

Maui Yo-Yo Ma Concert

Posted on January 16, 2015
Maui Yo-Yo Ma Concert

Every so often, we like to take a break from our serious Maui real estate blog topics and point out something fun to our readers. After all, choosing to live on Maui isn't all about home prices and economic trends. Sometimes, it's worth discussing the opportunities for… Continue Reading

Hawaii Accommodations Tax Revenue

Posted on January 09, 2015
Hawaii Accommodations Tax Revenue

Last year was a good one for Hawaii, not just because of the visitor industry records and their beneficial impact on the economy, but also for the state's tax revenue from those sources. If you're thinking about buying a Maui home for use as a vacation rental… Continue Reading

Hawaii Economic Update Luncheon

Posted on January 02, 2015
Hawaii Economic Update Luncheon

If you read our last blog about Bank of Hawaii claiming the No. 2 spot on Forbes' list of best banks of 2015, you may be interested to know that the bank has sponsored an Economic Update Luncheon with the Maui Chamber of Commerce and Paul Brewbaker.

The… 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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