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Rising Maui Visitor Arrivals and Spending

Opportunities abound for Maui vacation rental properties.
November 06, 2015

Rising Maui Visitor Arrivals and Spending

South Maui Homes and CondosMaui is a force to be reckoned with when it comes to the visitor industry. Those in search of South Maui homes and condos enjoy the option of renting out their future property to visitors in order to make some extra cash. What makes these opportunities more exciting is the fact that Maui continues to outperform the neighbor islands overall in terms of the visitor industry. If you're not sure, just take a look at the latest statistics.

A report from the Hawaii Tourism Authority revealed that Maui's visitor arrivals and spending were both up in September. Arrivals increased by 4.5 percent to 177,925, compared to September of 2014. The number of visitors who stayed only on Maui without visiting the other islands increased by 8.1 percent. Daily spending rose 1.1 percent to $207 per person, while expenditure growth rose by 5.7 percent to $279.1 million.

In the first three quarters of the year, Maui saw 5.8 percent growth, the highest among the major islands. During that period, expenditures were up 6.4 percent to $3.2 billion. If you want to live, work, or buy real estate on Maui, try to keep the visitor industry in mind as a source of income. It's the island's biggest economic driver, and savvy investors often find ways to earn income related to the industry.

Let's compare Maui's performance to the other islands in September. Our expenditures were up 5.7 percent to $279.1 million. Meanwhile, Oahu expenditures came out to $560.2 million, but that was a 4.7 percent drop compared to September of last year. Kauai saw an impressive 8.6 percent gain, but it only totaled $101.3 million. The Big Island saw a 6.2 percent drop to $119.2 million.

With that in mind, if you need advice on your Maui real estate investment, and the process of buying a property, you'll find our contact information at the bottom of the page. We look forward to helping you find the right real estate for your needs. Mahalo!

Blogs for November 2015

Special Rates for Maui Residents at Four Seasons Resort Maui at Wailea

Posted on November 27, 2015
Special Rates for Maui Residents at Four Seasons Resort Maui at Wailea

The benefits of living in South Maui are too numerous to mention, but every once in a while we get an extra special perk come up, and we wanted to share one of those with you. The Four Seasons… Continue Reading

Maui Electric Bills at Lowest Cost in Five Years

Posted on November 20, 2015
Maui Electric Bills at Lowest Cost in Five Years

Some recent good news that's come down the pipeline is that Hawaii electric bills are at their lowest in five years this month. That includes customers of Hawaiian Electric Co., Maui Electric Co. and Hawaii Electric Light Co. The primary reason is… Continue Reading

Beautiful Wailea Homes in the Kanani Community

Posted on November 13, 2015
Beautiful Wailea Homes in the Kanani Community

If you're in search of beautiful Wailea real estate in a peaceful neighborhood, we may have just the community for you. Located only a couple minutes away from some of South Maui's most beloved beaches, the exclusive gated Kanani community is peaceful, scenic, and… Continue Reading

Rising Maui Visitor Arrivals and Spending

Posted on November 06, 2015
Rising Maui Visitor Arrivals and Spending

Maui is a force to be reckoned with when it comes to the visitor industry. Those in search of South Maui homes and condos enjoy the option of renting out their future property to visitors in order to make some extra cash. What makes these… 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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