In comparability to pre-pandemic November 2019, common day by day fee (ADR) of Hawaii trip leases was larger in November 2022, however with decrease occupancy.
The State of Hawai‘i Department of Business, Economic Development & Tourism (DBEDT) issued in the present day the Hawai‘i Vacation Rental Performance Report for the month of November using knowledge compiled by Transparent Intelligence, Inc.
In November 2022, the entire month-to-month provide of statewide trip leases was 639,300 unit nights (+16.7% vs. 2021, -30.4% vs. 2019) and month-to-month demand was 365,000 unit nights (+6.1% vs. 2021, -42.1% vs. 2019) (Figures 1 and a pair of). This mixture resulted in a median month-to-month unit occupancy of 57.1 % (-5.7 proportion factors vs. 2021, -11.5 proportion factors vs. 2019) for November. Occupancy for Hawaii’s accommodations was 70.5 % in November 2022.
The ADR for trip rental items statewide in November was $293 (+18.0% vs. 2021, +38.7% vs. 2019). By comparability the ADR for accommodations was $345 in November 2022. It is vital to notice that in contrast to accommodations, items in trip leases will not be essentially accessible year-round or every day of the month and infrequently accommodate a bigger variety of friends than conventional lodge rooms.