Tuesday, October 23, 2018
Hawai'i Free Press

Current Articles | Archives

Wednesday, May 09, 2018
Hawaii Timeshares Average 89.5% Occupancy for 2017
By News Release @ 7:57 PM :: 1077 Views :: Hawaii Statistics, Tourism

Hawai‘i Timeshare Properties Averaged 89.5 Percent Occupancy in 2017

From  HTA, May 9, 2018

HONOLULU – Hawai‘i’s timeshare industry reported occupancy of 89.5 percent statewide in 2017, a slight 0.2 percentage point decrease versus 2016, according to data released today by the Hawai‘i Tourism Authority (HTA). In comparison, occupancy of hotel properties statewide averaged 80.0 percent in 2017.

Jennifer Chun, HTA tourism research director, said, “Timeshare properties continue to be a healthy and reliable segment of Hawai‘i’s tourism industry, with the rate of occupancy for 2017 remaining similar to 2016 even though more total units were added statewide.

“In addition, strong timeshare performance did not come at the expense of the hotel industry, as both lodging segments performed well last year.” Timeshare usage was up by 5.1 percent in 2017, while hotel usage increased by 4.0 percent.

Timeshare in the Hawaiian Islands has maintained a consistently high rate of occupancy for each of the past five years (2013-2017), both at a statewide level and for each island county (Figure 1).

In 2017, timeshare occupancy statewide averaged 92.6 percent in the first quarter, 88.2 percent in the second quarter, 90.1 percent in the third quarter, and 87.2 percent in the fourth quarter (Figure 2). By comparison, hotel occupancy statewide averaged 81.2 percent in the first quarter, 79.1 percent in the second quarter, 81.4 percent in the third quarter, and 78.6 percent in the fourth quarter (Figure 3).

Timeshare occupancy rates statewide decreased overall in the last three quarters of 2017 due to new units entering the market. This included the opening of two new timeshare properties on O‘ahu and Maui, and units being added to an existing timeshare property on the island of Hawai‘i.

Chun said, “The market absorbed the increase in supply of timeshare units, demonstrating consumer demand for an investment in future vacations to Hawai‘i.”

The Hawaiian Islands welcomed a total of 839,024 timeshare visitors in 2017, a 5.1 percent increase over 2016. Of that total, 77.1 percent stayed exclusively at a timeshare resort, a similar rate to the previous year. The remaining 22.9 percent of timeshare visitors also stayed at another type of lodging during their trip.

In 2017, timeshare visitors statewide accounted for 9.1 percent of all Hawai‘i visitor arrivals and had an average length of stay of 10.2 days. Both figures were comparable to 2016.

Owners of Hawai‘i timeshare units comprised 57.8 percent of occupied room nights in 2017, while visitors participating in a timeshare exchange program accounted for 18.4 percent of occupied room nights (Figure 4). Transient rentals, which also includes rentals of units to timeshare owners and exchangers beyond their allotted stay, represented 16.3 percent of occupied room nights. The remaining balance, 7.4 percent, was utilized for sales and marketing purposes.

Timeshare properties participating in HTA’s quarterly timeshare surveys paid a total of $87.1 million in state and county taxes in 2017, with real property taxes encompassing 45.6 percent of total taxes.

O‘ahu welcomed 335,337 timeshare visitors in 2017, an increase of 8.3 percent year-over-year. Timeshare occupancy on O‘ahu was the highest of the four island counties, averaging 91.9 percent in 2017. However, this was a 1.7 percentage point decrease compared to 2016, due to the increase in supply with the opening of the 411-unit Hilton Grand Islander resort in March 2017. O‘ahu’s hotel occupancy, by comparison, averaged 83.3 percent in 2017, a 0.7 percentage point decrease.

Maui County received 304,951 timeshare visitors in 2017, an increase of 2.7 percent over 2016. Timeshare visitors represented 11.0 percent of all Maui County visitors during 2017, which was equivalent to 2016. Timeshare occupancy averaged 91.3% in 2017, a 1.7 percentage point decrease from 2016. Contributing to the decline in occupancy was the increase in supply with the opening of the new 195-unit Westin Nanea Ocean Villas in April 2017. Hotel occupancy for Maui County was 77.1 percent in 2017.

Timeshare occupancy on Kaua‘i averaged 86.7 percent in 2017, a 0.4 percentage point decrease from 2016. This decline is consistent with a 1.4 percent decrease in timeshare visitors to 210,904 in 2017. In contrast, hotel occupancy on Kaua‘i rose 3.0 percentage points to 75.7 percent.

Timeshare properties on the island of Hawai‘i reported occupancy of 85.2 percent in 2017, a 0.2 percentage point decrease compared to 2016. The decline in the occupancy rate was impacted by an increase in supply, with Marriott’s Waikoloa Ocean Club adding 112 timeshare units in 2017. Hotel occupancy for the island of Hawai‘i averaged 74.4 percent in 2017.

HTA’s Hawai‘i Timeshare Quarterly Report for the fourth quarter and full year of 2017 was prepared by Kloninger & Sims Consulting LLC. The timeshare survey findings for the fourth quarter are based on data provided by 52 individual timeshare properties representing 81.3 percent of registered timeshare units statewide.

To see the reports at HTA’s website: http://www.hawaiitourismauthority.org/research/research/infrastructure-research/.

SA: Hawaii’s timeshare industry absorbs new inventory, grows slightly

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

808 State Update AM940

ABCDEFG Blog

ACA Signups Hawaii

ACCE

Affordable Hawaii Coalition

ALEC

Alliance Defending Freedom

Aloha Conservative Alliance

Aloha Life Advocates

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

American Mothers of Hawaii

AMVETS-Hawaii

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Audit The Rail

Ballotpedia Hawaii

Better Hawaii 

Blaisdell Memorial Project

Broken Trust

CAFR Hawaii

Castaway Conservative

Children's Alliance Hawaii

Children's Rights Institute

Christian Homeschoolers of Hawaii

Citizens for Recall

Cliff Slater's Second Opinion

Coffee Break

Conservative Forum for Hawaii

CSIS Pacific Forum

DAR Hawaii

DeedySupport.com

DVids Hawaii

E Hana Kakou Kelii Akina

E Māua Ola i Moku o Keawe

Farmers For Choice Hawaii

FIRE

Fix Oahu!

Follow the Money Hawaii

Frank in Hawaii

Front Page Magazine

Frontline: The Fixers

Genetic Literacy Project

Get Off Your Butts!

God, Freedom, America

Grassroot Institute

Habele.org

Hawaii Aganst Assisted Suicide

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crime Victims' Rights

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defending Marriage

Hawaii Defense Foundation

Hawaii Families for Educational Choice

Hawaii Family Advocates

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Firearm Community

Hawaii Fishermen's Alliance

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii March for Life

Hawaii Meth Project

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Right to Life -- Big Island

Hawaii Right to Life -- Oahu

Hawaii Senate Informer

Hawaii Shield Law Coalition

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

Hawaii Votes

Heritage Foundation

HI Coalition Against Legalized Gambling

HIEC.Coop

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Homeless Crisis

Honolulu Navy League

Honolulu Traffic

Horns of Jericho Blog

House Minority Blog

House Republican Caucus YouTube

HPACC

Hump Day Report

Hunting, Farming and Fishing Assoc.

I Vote Hawaii

If Hawaii News

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

Iowa Meets Maui

Jackson v Abercrombie

Jihad Watch

Judgepedia Hawaii

July 4 in Hawaii

Kahle v New Hope

Kakaako Cares

Kau TEA Party

Kauai Co GOP

Keep Hawaii's Heroes

KeyWiki

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Mauna Kea Recreational Users Group

MentalIllnessPolicy.org

Middle East Forum--The Legal Project

Mililani Conservatives for Change

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

Muslim Brotherhood in America

NAMI Hawaii

NARTH

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

National Wind Watch

New Zeal

NFIB Hawaii News

No GMO Means No Aloha

Northwest Economic Policy Seminar

Not Dead Yet, Hawaii

Now What I Really Think

NRA-ILA Hawaii

Oahu Alternative Transport

ObamaCare Abortion Hawaii

OHA Lies

Ohana Policy Group

OurFutureHawaii.com

Pacific Aviation Museum

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons 

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

Republican Party -- Hawaii State

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Salvage The Rail

Save the Plastic Bag

School Choice in Hawaii

SenatorFong.com

SIFE Remington

SIFE W. Oahu 

Sink the Jones Act

Smart About Marijuana--Hawaii

St Marianne Copenull

State Budget Solutions Hawaii

State Policy Network

Statehood for Guam

Tax Foundation of Hawaii

TEA Party Maui

TFB Micronesia

The Harriet Tubman Agenda

The Long War Journal

The Real Hanabusa

Time Out Honolulu

Truth About Trade & Technology - Hawaii

UCC Truths

Union Members Know Your Rights

United Veterans Hawaii

US Tax Foundation Hawaii Info

Valor in the Pacific

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT