Hawaii Vacation Rental Demand Plummets, Tensions Rise

1/8/2025

A continuing shift in the Hawaii vacation rental landscape is provoking debate, as the latest Hawaii Tourism Authority report shows a further slide in rental demand. The report for November shows that compared to November 2019, demand for vacation rentals fell 38.3%, while occupancy decreased by 20.2%. While the supply of unit nights increased slightly in 2024 compared to 2023, it remains well below pre-pandemic levels. Occupancy fell to 48.4% statewide, and the average daily rate climbed 6.5% to $313. Rising costs are a recurring theme, with today’s vacation rentals commanding nearly 50% higher rates than in 2019, even as demand and occupancy continue to lag. The figures come as Hawaii pursues stronger regulations aimed at the rental industry.

Beat of Hawaii (12/27/24)