In comparability to pre-pandemic November 2019, common every 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 immediately the Hawai‘i Vacation Rental Performance Report for the month of November using information 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 couple of). This mixture resulted in a median month-to-month unit occupancy of 57.1 p.c (-5.7 share factors vs. 2021, -11.5 share factors vs. 2019) for November. Occupancy for Hawaii’s lodges was 70.5 p.c 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 lodges was $345 in November 2022. It is essential to notice that not like lodges, items in trip leases are usually not essentially out there year-round or every day of the month and infrequently accommodate a bigger variety of visitors than conventional lodge rooms.