Aloha Kakou:
Maui's occupancy was down for August of 2011 compared to August, 2010, but ADR and RevPar were both up for the island during the month.
At least part of the success can be attributed to a strong Canadian visitor presence. August was the 14th month in a row where ADR exceeded that of the same month in the previous year.
http://www.mauinews.com/page/content.detail/id/554261.html
http://www.staradvertiser.com/businesspremium/20111011_Foreigners_had_hotels_humming_in_August.html?id=131501093
Tuesday, October 11, 2011
Friday, September 2, 2011
2012 Growth "Modest"
Aloha Kakou:
Modest growth for 2012 is the key takeaway from a study issued today by University of Hawaii economists.
Regarding housing prices, Maui condominium prices were down compared to 2010, with a $325,000 median price in July. That's about 16.7 percent less than the $390,000 price for the same month a year earlier.
Homes too suffered a decline in price in July, with the median price of $410,000 down from last July's $500,000.
It has been reported that almost 40% of all home sales in the 2nd quarter of 2011 were foreclosures.
http://mauinews.com/page/content.detail/id/553032/UH-economists-say--recovery-has-slowed--but-not-stopped-.html?nav=10
Modest growth for 2012 is the key takeaway from a study issued today by University of Hawaii economists.
Regarding housing prices, Maui condominium prices were down compared to 2010, with a $325,000 median price in July. That's about 16.7 percent less than the $390,000 price for the same month a year earlier.
Homes too suffered a decline in price in July, with the median price of $410,000 down from last July's $500,000.
It has been reported that almost 40% of all home sales in the 2nd quarter of 2011 were foreclosures.
http://mauinews.com/page/content.detail/id/553032/UH-economists-say--recovery-has-slowed--but-not-stopped-.html?nav=10
Thursday, August 25, 2011
Maui July Occupancy Flat, Spending Up
Aloha Kakou:
July's island-wide occupancy was only 392 fewer than last year.
Additional airline seats and a strong Canadian dollar mean the number of visitors from "north of the border" increased significantly this year with arrivals up almost 18% compared to last year.
Maui visitors spent $177 per person per day in July, up from $164 last July.
http://mauinews.com/page/content.detail/id/552768/Canadians-support-isle-s-steady-visitor-numbers.html?nav=10
July's island-wide occupancy was only 392 fewer than last year.
Additional airline seats and a strong Canadian dollar mean the number of visitors from "north of the border" increased significantly this year with arrivals up almost 18% compared to last year.
Maui visitors spent $177 per person per day in July, up from $164 last July.
http://mauinews.com/page/content.detail/id/552768/Canadians-support-isle-s-steady-visitor-numbers.html?nav=10
Thursday, August 18, 2011
Maui's June Not Impressive
Aloha Kakou:
Despite a promising start to 2010, Maui's hotel occupancy began slowing in April. That slowdown continued through June.
Maui's June occupancy was only one percentage point higher than that of June, 2010, at 66.7%.
Rate gains for the first six months of 2011 may seem impressive but they're coming in comparison to the low, low rates of 2010. RevPAR for Maui was up 16.2% to $179 from $154.
http://mauinews.com/page/content.detail/id/552531/Occupancy-recovery-slows.html?nav=10
Despite a promising start to 2010, Maui's hotel occupancy began slowing in April. That slowdown continued through June.
Maui's June occupancy was only one percentage point higher than that of June, 2010, at 66.7%.
Rate gains for the first six months of 2011 may seem impressive but they're coming in comparison to the low, low rates of 2010. RevPAR for Maui was up 16.2% to $179 from $154.
http://mauinews.com/page/content.detail/id/552531/Occupancy-recovery-slows.html?nav=10
Extreme Internet Charges
Aloha Kakou:
How much would you pay for daily internet service? $10, $20? Try $40 at the Airport Hilton in Rome. Yikes!
http://www.consumertraveler.com/today/highest-priced-hotel-internet-do-we-have-a-winner-or-rather-loser-in-rome/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+tripso+%28Consumertraveler.com%29
How much would you pay for daily internet service? $10, $20? Try $40 at the Airport Hilton in Rome. Yikes!
http://www.consumertraveler.com/today/highest-priced-hotel-internet-do-we-have-a-winner-or-rather-loser-in-rome/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+tripso+%28Consumertraveler.com%29
Wednesday, August 17, 2011
June Occupancy Decreases
Aloha Kakou:
Statewide occupancy decreased for the first time in a year and half during the month of June. June's occupancy rate of 70.7% was .7% lower than June of last year. Average Daily Rates (ADR) were up 9% compared to last June at $185.46.
Natural disasters and financial uncertainty seem to be causing potential guests to rethink a vacation to Hawaii,
http://www.staradvertiser.com/businesspremium/20110817_isle_hotel_occupancy_suffers_june_swoon.html
Statewide occupancy decreased for the first time in a year and half during the month of June. June's occupancy rate of 70.7% was .7% lower than June of last year. Average Daily Rates (ADR) were up 9% compared to last June at $185.46.
Natural disasters and financial uncertainty seem to be causing potential guests to rethink a vacation to Hawaii,
http://www.staradvertiser.com/businesspremium/20110817_isle_hotel_occupancy_suffers_june_swoon.html
Thursday, August 11, 2011
Condo Sales
Aloha Kakou:
Take a look at this list of west side condo units that have sold - it will give you an idea as to the potential value of what's on the market today.
http://www.ramaui.com/PopUp.php?Task=Solds&WhatIDX=Maui&UserID=48583e59d0aee&WhatOffice%5B%5D=5336&WhatSortType1=Class&WhatSortDirection1=DESC&WhatSortType2=ListPrice&WhatSortDirection2=ASC&Show=Full&WhatNumber=1&WhatPage=7&PropType=Condominium&WhatDistrict%5B%5D=Kaanapali
Take a look at this list of west side condo units that have sold - it will give you an idea as to the potential value of what's on the market today.
http://www.ramaui.com/PopUp.php?Task=Solds&WhatIDX=Maui&UserID=48583e59d0aee&WhatOffice%5B%5D=5336&WhatSortType1=Class&WhatSortDirection1=DESC&WhatSortType2=ListPrice&WhatSortDirection2=ASC&Show=Full&WhatNumber=1&WhatPage=7&PropType=Condominium&WhatDistrict%5B%5D=Kaanapali
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