Wildfire impacts consequence in unavailable family vacation rental models on Maui in September 2023 : Maui Now

Several getaway rental models ongoing to be unavailable in West Maui in September owing to the Maui wildfires that happened in Lahaina on Aug. 8, 2023.

Device night source and unit night time desire were being inactive for the overall month of September in West Maui, in accordance to the hottest Hawaiʻi Getaway Rental Efficiency Report compiled by the state Office of Enterprise Financial Improvement and Tourism.

Maui highlights consist of the following:

• Maui County vacation rental supply reduced to 148,400 out there device nights (-33.5% vs. 2022, -52.6% vs. 2019).
• Unit demand was 71,700 device evenings (-49.8% vs. 2022, -68.3% vs. 2019), resulting in 48.3% occupancy (-15.7 proportion details vs. 2022, -23.9 proportion factors vs. 2019) and
• ADR at $266 (-20.% vs. 2022, +16.9% vs. 2019).

For September 2023, Maui County lodges reported ADR at $534 and occupancy of 62.7%.

Holiday vacation rentals throughout Hawaiʻi documented will increase in offer, with decrease need, regular day-to-day charge and occupancy, in September 2023 in comparison to September 2022.  In comparison to pre-pandemic September 2019, ADR was greater in September 2023, but trip rental provide, need and occupancy have been reduce.

DBEDT released the report using information compiled by Clear Intelligence, Inc.

In September 2023, the complete every month supply of statewide holiday rentals was 707,700 unit nights (+6.5% vs. 2022, -22.5% vs. 2019) and regular monthly demand was 373,200 device nights (-4.9% vs. 2022, -40.% vs. 2019). This mix resulted in an ordinary regular unit occupancy of 52.7% (-6.3 proportion details vs. 2022, -15.4 proportion points vs. 2019) for September. Occupancy for Hawai‘i’s inns was 75.5% in September 2023. 

The ADR for vacation rental units statewide in September was $260 (-8.% vs. 2022, +34.3% vs. 2019). By comparison, the ADR for hotels was $346 in September 2023. It is critical to be aware that as opposed to resorts, models in holiday rentals are not automatically obtainable 12 months-spherical or every working day of the month and generally accommodate a much larger number of visitors than standard resort rooms.

The knowledge in DBEDT’s Hawai‘i Holiday vacation Rental Performance Report specifically excludes units reported in Hawai‘i Tourism Authority’s Hawai‘i Hotel Functionality Report and Hawai‘i Timeshare Quarterly Survey Report. A holiday rental is described as the use of a rental household, condominium unit, private area in personal dwelling, or shared room/area in non-public residence. This report does not figure out or differentiate involving units that are permitted or unpermitted. The legality of any supplied vacation rental device is established on a county basis.