If you want to stay in a Wailea hotel, be prepared for your credit card to take a hit, as the upscale resort area continues to dominate the state with the highest rates.
Hotel rooms in Wailea averaged a daily rate of $1,000 in March, well ahead of the closest competitor, the Kohala Coast on the island of Hawaii, which had an average daily rate of around $660. dollars in the same month.
The average daily rate for a hotel room in Wailea of $1,000.43 is up nearly 25% from the same time last year when it was $802.72, and nearly 56% from pre-pandemic levels in March 2019, when average rates were $641.76, according to the Hawaii Hotel Performance Report released by the Hawaii Tourism Authority last month.
Occupancy also increased at Wailea hotels to 66.6% in March, up 21.4 percentage points from March 2021, when occupancy was 45.2%. The state’s Safe Travels program, which was still in effect last year, ended March 26, no longer requiring domestic travelers to Hawaii to show proof of vaccination or a negative COVID test to bypass quarantine. .
But March occupancy in Wailea still lagged pre-pandemic levels and was down 24 percentage points from March 2019, when Wailea hotels were at 90.6% occupancy, according to the report.
Revenue per available room for hotels in Wailea was $666.44 in March, up 83.8% from $362.68 in March 2021 and 14.6% from $581.66 in March 2019.
Overall, Hawaii hotels statewide saw significantly higher revenue per available room, average daily rate and occupancy in March compared to March 2021, the HTA said.
Average daily rates and revenue per available room statewide also all increased from 2019. However, hotels in the state still trail in terms of occupancy at 75.2%, 3, 6 percentage points lower than the occupancy rate of 78.8% in March 2019.
For Maui County hotels in March, occupancy was 73.5%, up 24.3 percentage points from 49.2% in 2021, but down 4.9 percentage points. percentage compared to March 2019, when occupancy rates were 78.4%.
Overall, hotels in Maui County had an average daily rate of $632.27, up 36% from March 2021, when average daily rates were $464.92, and also up 48.9% compared to the average daily rate of $424.51 in March 2019.
Countywide, revenue per available room in March was $464.66, up 103.1% from March 2021, when revenue per available room was $228.75, and up 39 .6% compared to March 2019, when revenue per available room was $332.89.
Maui County led all the islands in average daily rates and revenue per available room, but trailed all counties in occupancy.
The highest hotel occupancy rate was on the island of Hawaii at 80.3% in March, followed by Kauai at 80.1% and Oahu at 74%.
When it comes to vacation rentals, Maui County had the largest vacation rental supply of the four counties with 197,400 room nights available in March, down 16.9% from March 2021 and down 11 .6% from March 2019, according to a separate report from the State Department of Business, Economic Development, and Tourism.
Unit demand was 151,000 unit nights, down 6.1% compared to March 2021 and 18.6% compared to March 2019, which translates into an occupancy rate of 76.5, in up 8.8 percentage points from March 2021 and down 6.6 percentage points from March 2019.
The average daily rate was $366, up 29.9% from March 2021 and 33% from March 2019.
Overall, vacation rentals across the state reported an increase in demand, occupancy and average daily rate in March compared to the same period in 2021, according to the report.
Compared to March 2019, average daily rates were higher this year, but vacation rental supply, demand and occupancy were down.
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