Maui County Still Leads in Hotel Rates and Revenue | News, Sports, Jobs

Maui County hotels in September again lead the state in revenue per available room and average daily rates, according to the Hawaii Tourism Authority’s recent Hotel Performance Report.

Revenue per available room in Maui County last month was $350, 21.3% higher than 2021 and 51.7% higher than pre-pandemic 2019 reports.

Last month, the average daily rate was $535.82, up 10.1% from last year and 69.6% from September 2019 before the COVID-19 pandemic. Occupancy was 65.4%, 6 percentage points higher than 2021, but down 7.7 percentage points from 2019. Maui County had the lowest occupancy rates in state in September.

Statewide revenue per available room in September was $248, up 47.5% from 2021 and 27.6% from 2019. Statewide occupancy in the month last was 73.5%, up 18.3 percentage points from 2021, but down 5.5 percentage points from 2019.

Overall, Hawaii hotels across the state saw higher overall revenue, as well as daily rates and room occupancy in September compared to September 2021, and compared to reports Pre-pandemic September 2019, the statewide average daily rate and revenue per available room were also higher, but occupancy declined in September 2022, according to the Hawaii Hotel Performance Report.

The Maui luxury resort area of ​​Wailea saw revenue per available room of $446, up 21.7% from 2021 and 17.5% from 2019.

The average daily rate was $835 last month, down from averages of $1,000 seen earlier this year. However, September rates were up 21% from 2021 and 81.2% from 2019.

Lahaina/Kaanapali/Kapalua area revenue per available room was $332 in September, an increase of 28.4% from 2021 and 67.3% from 2019. The average daily rate in West Maui was $484, a 17.2% increase from 2021, and up 75.3% from 2019.

Kauai hotel revenue per available room was $281 in September, an increase of 40.1% over last year and nearly 70% over 2019. Average daily room rates on the island were $361, 16.2% higher than 2021, and 51.2% higher than 2019.

Hotels on the island of Hawaii reported revenue per available room of $241, 43.4% higher than 2021 and 58.3% higher than 2019, with an average daily rate of 335 $, an increase of 11.7% compared to 2021 and 51.4% compared to 2019.

Oahu hotels reported revenue per available room at $199, but it was still 81.1% higher than reported in 2021 and 3.7% higher than in 2019. In September, the average daily rate on Oahu was $260, up 22.3% from 2021 and up 14.8%. against 2019.

In the first nine months of 2022, hotels in Hawaii achieved revenue of $276 per available room, an increase of 55.2% over 2021 and 20.9% over 2019 Average daily rate at $370, up 16.4% from 2021 and 32% from 2019. Occupancy for the first nine months is 74.4%, up 18.6 points percentage points compared to 2021 but down 6.8 percentage points compared to 2019.

Total hotel revenue statewide for the first nine months of 2022 was $4.2 billion, an increase of 62% from 2021 and 24.3% from 2019 before. the pandemic.

Room supply was 15.2 million room nights, representing a slight increase from 2021 and 2019 at 4.3% and 2.8%, respectively. Room demand was 11.3 million room nights, up 39.2% from 2021, but down 5.9% from 2019.

Compared to major US markets, the Hawaiian Islands achieved the highest revenue per available room at $276 during the third quarter. New York City was second with $193, followed by Miami, Florida with $186.

Hawaii also led US markets in terms of the year-to-date average daily rate at $370, followed by New York at $266 and New Miami, Florida at $256.

In the first nine months of 2022, Hawaii also led the country in occupancy with 74.42%, followed by San Diego, California at 74.39%. Miami and Orlando placed third and fourth, respectively.

In international markets, Maui County was second in year-to-date revenue per available room at $418. Hotels in French Polynesia are the highest rated at $489. These statistics are part of the “sun and sea” destination category.

Hotels in French Polynesia also topped the average year-to-date room price at $718, followed by Maui County at $610. Kauai ($400), Hawaii Island ($399) and Oahu ($265) placed fourth, fifth and ninth, respectively.

Kauai led the occupancy rate for “sun and sea” destinations at 78.5%, followed by Oahu at 76.1% and the island of Hawaii at 75.6%. Maui County placed seventh with 68.5%.

The HTA report findings used data compiled by STR, Inc. For September, the survey included 146 properties representing 45,786 rooms, or 82.7% of all lodging properties, with 20 or more rooms in the Islands Hawaiians, including those offering full service, limited service. , and condominium hotels.

* Dakota Grossman can be reached at [email protected]

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