In November 2020, the total monthly supply of government holiday rentals was 555,000 unit nights (-34.5%), and the monthly demand was 175,400 unit nights (-69.9%), resulting in an average monthly unit occupancy of 31.6 percent (-37, 0 percentage points).
In comparison, Hawaii’s hotels had an average occupancy rate of 22.1 percent in November 2020. It is important to note that unlike hotels, condominiums, timeshare resorts and vacation rental units are not necessarily available year-round or every day of the month and often accommodate a larger number of guests than traditional hotel rooms. The unit’s average daily price (ADR) for vacation rental units nationwide in November was $ 230, which was on par with ADR for hotels ($ 230).
Beginning on October 15, passengers arriving from out of state and traveling between counties could circumvent the mandatory 14-day self-guarantee with a valid negative COVID-19 NAAT test result from a Trusted Testing and Travel Partner. However, a new policy came into force on November 24 requiring all Pacific overseas travelers participating in the pre-voyage test program to have a negative test result before their departure for Hawaii, and test results will no longer be accepted, when a traveler arrives in Hawaii. The counties of Kauai, Hawaii, Maui and Kalawao (Molokai) also had a partial quarantine in place in November. In addition, Lanai residents and visitors were under a home order from Oct. 27 to Nov. 11.
In November during Tier 2, legal short-term leases were allowed to operate on Oahu. For Maui County, travelers awaiting the results of their pre-trip test were allowed to stay in a vacation home as their quarantine. On Hawaii Island and Kauai, legal short-term leases were allowed to operate as long as they were not used as quarantine.
That Hawaii Tourism Authority’s (HTA) The Tourism Research Division released the report’s results using data compiled by Transparent Intelligence, Inc. The data in this report specifically excludes entities reported in HTA’s Hawaii Hotel Performance Report and Hawaii Timeshare Quarterly Survey Report. In this report, a holiday rental is defined as the use of a rental house, condominium, private room in a private home or shared room / room in a private home. This report also does not determine or distinguish between devices that are allowed or not allowed. The “legality” of a given vacation rental unit is determined on a county basis.
The highlights of the island
In November, Maui County had the largest supply of vacation rentals of all four counties with 224,200 vacant unit nights (-20.8), and unit demand was 65,500 unit nights (-69.6%), resulting in 29.2 percent occupancy (-46, 8 percentage points) with an ADR of $ 239 (-32.1%). Maui County hotels were 20.2 percent occupied with an ADR of $ 375.
Oahu vacation rental deals were 122,300 available unit nights (-48.8%) in November. Unit demand was 42,200 unit nights (-73.8%), resulting in 34.5 percent occupancy (-33.0 percentage points) and an ADR of $ 194 (-19.4%). Oahu hotels were 22.6 percent occupied with an ADR of $ 167.
The island of Hawaii vacation rentals were 116,900 available unit nights (-43.4%) in November. Unit demand was 36,200 unit nights (-70.8%), resulting in 31.0 percent occupancy (-29.2 percentage points) with an ADR of $ 215 (-14.4%). Hotels on Hawaii Island were 20.4 percent occupied with an ADR of $ 217.
Kauai had the lowest number of available unit nights in November at 91,600 (-23.2%). Unit demand was 31,500 unit nights (-61.2%), resulting in 34.3 percent occupancy (-33.7 percentage points) with an ADR of $ 278 (-26.3%). Kauai hotels were 28.0 percent occupied with an ADR of $ 215.