Hawaii vacation rental occupancy rates outperform hotels
by The Associated Press
Last Updated Apr 6, 2021 at 10:28 am EDT
HONOLULU — Hawaii’s vacation rental market has outperformed hotels in occupancy rates in every month since October.
Vacation rental owners across the state have said the higher demand was prompted by pandemic-related attitude shifts that prioritize space and seclusion for getaways, the Honolulu Star-Advertiser reported Monday.
Other rental home operators have said that the pandemic-induced reduction in some hotel services, such as daily housekeeping, has decreased the service gap between homes and vacation rentals, the newspaper reported.
Matt Beall, the CEO of the full-service real estate brokerage Hawaii Life, said the company is enjoying its best year on record for vacation rentals.