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New Maui Visitor Arrival Record

Vacation rental owners and record setting Maui arrivals.
November 04, 2016

New Maui Visitor Arrival Record

If you've been following our blog over the past several weeks, you'll know that we've been highlighting a lot of great South Maui condominiums lately, ranging from the very affordable to the luxury choices on the market at this time. One of the best things about investing in a Maui condo as a second property is the possibility of using it as a vacation rental during the times of the year when you will not be occupying it yourself. If you're on the fence as to whether you'd like to try it, you may be interested in the latest report from the Hawaii Tourism Authority (HTA), which highlighted a new record set for the month of September.

Based on their preliminary statistics, the HTA arrived at a final tally of 666,605 visitors to Hawaii in September, which set a new record for the month. Spending also set a new record after a 10.4 percent increase to $1.2 billion, compared to the same month last year.

All of the four major islands saw a jump in both arrivals and expenditures. Maui saw a 10.1 percent increase in arrivals with a total of $312.7 million in expenditures with an average daily spending of $217 per person. By contrast, Oahu saw a more modest gain in visitor arrivals at 4.3 percent, but with $579.6 million in expenditures and a daily spending average of $206 per person.

As for the long-term trends for Hawaii, which paint a more accurate picture, the HTA report revealed a $409.6 million increase in visitor spending in the first nine months of the year compared to the same period last year, settling at a total of $11.6 billion. Arrivals increased by 2.6 percent for a grand total of 6,698,545.

This continual strengthening of the visitor industry is vital, not just as it applies to vacation rental owners, but the entire economy. As you may know, tourism is Hawaii's biggest industry, providing savvy investors with abundant opportunities. On that note, if you need assistance with your Maui real estate decisions, you'll find our contact information at the bottom of the page. Mahalo!

Blogs for November 2016

New Maui Veterinary Hospital Opens in Wailuku

Posted on November 25, 2016
New Maui Veterinary Hospital Opens in Wailuku

Here is a bit of good news for Maui pet owners. Among the many new businesses opening up on Maui is a veterinary hospital located in Wailuku, which is in the Central Maui area, making it conveniently accessible to folks in the… Continue Reading

South Maui Shopping Center Expansion Halfway Complete

Posted on November 18, 2016
South Maui Shopping Center Expansion Halfway Complete

According to the developer of Wailea Village Center, which was formerly known as Shops on the Green, its expansion should be complete in 18 months or less. The center is one of many Maui commercial real estate developments that have been purchased… Continue Reading

South Maui Condos at Wailea Palms

Posted on November 11, 2016
South Maui Condos at Wailea Palms

Looking for a South Maui condo with style? The architecture at Wailea Palms features a light, breezy theme that's reminiscent of the Isle of Santorini in Greece. The creamy white exterior walls feature soft round arches that provide contrast with stair shaped railings,… Continue Reading

New Maui Visitor Arrival Record

Posted on November 04, 2016
New Maui Visitor Arrival Record

If you've been following our blog over the past several weeks, you'll know that we've been highlighting a lot of great South Maui condominiums lately, ranging from the very affordable to the luxury choices on the market at this time. One of the best… Continue Reading

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Mark and Lisa

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

Mark@RealEstateMauiHawaii.com

(808) 283-3785

Coldwell Banker Island Properties
Shops at Wailea, Suite B-35
3750 Wailea Alanui * Kihei, HI 96753
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