The State of Hawai‘i Division of Enterprise, Financial Improvement & Tourism (DBEDT) issued at present the Hawai‘i Trip Rental Efficiency Report for the month of November using information compiled by Clear Intelligence, Inc.

In November 2022, the overall 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 mix resulted in a mean month-to-month unit occupancy of 57.1 % (-5.7 share factors vs. 2021, -11.5 share factors vs. 2019) for November. Occupancy for Hawaii’s inns was 70.5 % in November 2022.

The ADR for trip rental models statewide in November was $293 (+18.0% vs. 2021, +38.7% vs. 2019). By comparability the ADR for inns was $345 in November 2022. You will need to be aware that in contrast to inns, models in trip leases will not be essentially out there year-round or every day of the month and sometimes accommodate a bigger variety of friends than conventional lodge rooms.

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