[...] Maui Vacation Rental Statistics For Hotel Condos Reflect Increased Visitor By Heidi Farmer, R(

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By  Heidi Farmer, R(S)  -  Often when someone is thinking about buying a condo in Maui , they want to know if they will be able to rent it out and help offset some of their costs. I often hear the question, "how much can I rent it for?"
The below statistics that are gathered are from hotels vs. privately owned condos, so there will be some differences. That is because the agencies that gather the information are from the Hotel industry.
Although some information comes from some of the larger property management companies that may represent privately travel and leisure magazine owned condos, it is difficult to gather these statistics from individual owners – but there are similarities in hotels and some of the privately owned condos. It is all about location, location, location.
Often travelers do not even know that the condo they are staying in is a privately travel and leisure magazine owned condo – many are managed by a familiar name who is running the front desk and providing the rental services. Some familiar names that travelers will rent from are the Aston Resorts, Outrigger Hotel, and Resorts and Castle travel and leisure magazine Resorts. travel and leisure magazine They all manage privately owned condos for the owners, but give you the feel of a hotel property.
The statistics I am referring to, as I said earlier, is from actual hotels and condominium hotels. Some examples of the hotels on Maui are the Wailea Marriott or the Sheraton on Kaanapali Beach. The condominium hotels could be from a variety of property management companies. travel and leisure magazine Smith Travel Research and Hospitality Advisors compiles the hotel survey.
For the month of February travel and leisure magazine Maui was similar to last year at only 1.1% below last year's occupancy, at a still very respectable 82.6%, but the room rates were up by 4.9%. This is great news. The information I am referring to is provided by Hospitality Advisors (based out of Oahu) the Maui News (4/18/13), and the Hawaii Tourism Authority.
Maui's average room rate increased 4.9% for February of this year (compared to February 2012) which averaged $294.30 per night.  The highest revenue per available room in the state was in the Wailea area , which increased 12% to $385.65 per day.
This all means that visitors are strong in Maui and not only are they giving a boost to the hotel/condo industry, but the overall daily visitor spending also has increased 7.1%. The demand for high-end hotels travel and leisure magazine remained high as occupancy for the luxury travel and leisure magazine resort travel and leisure magazine area of Wailea rose 4.4% to 87.9%. Visitor arrivals by air also increased by 6.8%.
Hawaii Life is a locally travel and leisure magazine developed, locally owned collaboration of Realtors, owners, and marketers. With six offices throughout the islands, Hawaii Life connects buyers and sellers while providing innovative technological tools and services to Realtors to facilitate efficiency and success. In just 3 years, Hawaii Life has grown to be the 9th largest real estate brokerage in the state.
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[...] Maui Vacation Rental Statistics For Hotel Condos Reflect Increased Visitor By Heidi Farmer, R(S) Often when someone is thinking about buying a condo in Maui, they want to know if they will be able to rent it out and help offset some of their costs. I often hear the question, how much can I rent it for? The below More [...]
[...] Maui Vacation Rental Statistics For Hotel Condos Reflect Increased Visitor By Heidi Farmer, travel and leisure magazine R(S) Often when someone is thinking about buying a condo in Maui, they want to know if they will be able to rent it out and help offset some of their costs. I often hear the question, how much can I rent it for? The below More [...]
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