VRMA Administrator
Maui County had the largest vacation rental supply of all four Hawaii counties in October 2022 with 211,900 available unit nights, a 2.9 percent gain from 2021 and a 34.5 percent decrease from 2019, according to the latest Department of Business, Economic Development & Tourism's Hawaii Vacation Rental Performance Report. Unit demand stood at 134,900 unit nights, yielding 63.7 percent occupancy and an average daily rate (ADR) of $343. Maui County hotels reported ADR at $528 and occupancy of 65.1 percent in October. Statewide, vacation rentals saw increases in supply, demand, and ADR, with lower occupancy in October 2022 compared to October 2021. ADR was higher in October 2022 compared to October 2019, although vacation rental supply, demand, and occupancy were lower. The total monthly supply of statewide vacation rentals for October was 650,400 unit nights while monthly demand was 376,700 unit nights, resulting in an average monthly unit occupancy of 57.9 percent. Hawaiian hotel occupancy was 72 percent last month. The ADR for vacation rental units across the state was $289, versus $338 in ADR for hotels.
Maui Now (11/23/22)
