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Hawaii September Vacation Rental Market Update

November 28th, 2012

As the State of Hawaii moves into the latter part of 2012, the tourism industry continues to show improvement though in some cases, these increases have slowed down over the last month. This less dramatic time was to be expected during the fall season. The most important markers of forward and positive movement did however continue to rise. With indicators such as increased expenditures and overall arrivals showing continued growth, the final months of 2012 should help finish out the year in strong form.

The largest overall growth was seen with higher expenditures for September of 2012, moving up 15.6% as compared to the previous year. This was attributed to a higher daily spending average combined with a larger number of visitors to the state and in some cases, a longer length of stay.

This additional visitor spending affected each of the major islands. Kauai showed the highest growth for the month of September in expenditures, just shy of 42% compared to last year. Oahu recorded an almost 12% increase during September while Maui saw just over 13% in additional visitor spending for the month compared to 2011. The Big Island of Hawaii offered a 17.1% increase in visitor expenses during September. Year to date, expenditures have increased by 19.5% compared to last year overall for the State of Hawaii.

Arrivals for the State of Hawaii increased by 6.1% overall during the month of September with many of the larger islands contributing to the overall improvement. Visitors to Oahu offered a 7.3% increase while Kauai increased by 7.2% compared to last year. Maui saw a slight increase in arrivals of 2.4%. The Big Island offered a slight decline overall for the month of September of 3.2%. This was the first decline following nine consecutive months of growth in arrivals for the island. This change was attributed to fewer visitors from major US market areas such as the East and West coasts. As mentioned above, expenditures still increased for the Big Island of Hawaii. The Hawaiian Islands have seen an overall increase in arrivals of 9.6% for the first nine months of 2012 compared to the same time frame in 2011.

As the graph below indicates, both arrivals and visitor expenditures are continuing to rise however, expenditures are increasing with greater percentages.


Other areas of note include fewer visitors traveled to the state for weddings, meetings, conventions and incentives along with fewer honeymoon guests. Time share arrivals increased by nearly 11% compared to last year, year to date and the number of guests making their own travel arrangements grew by over 10 % from last year for the same time frame.

With the final quarter of 2012 still to come, 2012 appears to have its strength and integrity from the first three quarters holding strong.

July 2012 Hawaii Vacation Rental Market Update

September 4th, 2012

This past July marks the ninth consecutive month in a row showing growth and positive momentum for the State of Hawaii. Though it has not been all that long considering the multiple years of hardship, it is a welcome streak of good news. Increased arrivals and expenditures along with continued international support helped make July an overall success.

Arrivals increased by nearly 8% and visitor spending grew by nearly 18% as compared to July, 2011. Japanese visitor arrivals increased by 21.5% compared to last year. This number is still well below the record high of July, 1997 by nearly 70,000 visitors though the trend has been positive for the year as compared to recent history. Canadian arrivals were about the same as the last year. Nearly all other major market areas showed improved arrivals and expenditures for the month. Though rare, there were no cruise ships arrivals during the entire month.

There was also an increase of honeymoon visitors, up by over 20% and the sixth consecutive month of growth. Wedding visitors increased by over 17% as well. These last seven months have shown an overall increase of wedding visitors, up by nearly 5% as compared to the same time period last year.

Looking ahead, the scheduled airline seats for the next three months, August through October, look good. Up over 13% from the same time frame last year, the latter portion of 2012 bodes well for the future for the state.

July 2012 Hawaii Vacation Rental Market Update

September 4th, 2012

This past July marks the ninth consecutive month in a row showing growth and positive momentum for the State of Hawaii. Though it has not been all that long considering the multiple years of hardship, it is a welcome streak of good news. Increased arrivals and expenditures along with continued international support helped make July an overall success.

Arrivals increased by nearly 8% and visitor spending grew by nearly 18% as compared to July, 2011. Japanese visitor arrivals increased by 21.5% compared to last year. This number is still well below the record high of July, 1997 by nearly 70,000 visitors though the trend has been positive for the year as compared to recent history. Canadian arrivals were about the same as the last year. Nearly all other major market areas showed improved arrivals and expenditures for the month. Though rare, there were no cruise ships arrivals during the entire month.

There was also an increase of honeymoon visitors, up by over 20% and the sixth consecutive month of growth. Wedding visitors increased by over 17% as well. These last seven months have shown an overall increase of wedding visitors, up by nearly 5% as compared to the same time period last year.

Looking ahead, the scheduled airline seats for the next three months, August through October, look good. Up over 13% from the same time frame last year, the latter portion of 2012 bodes well for the future for the state.

Hawaii Vacation Rental Market Update ~ June 2012

August 30th, 2012

As the 1st half of 2012 is behind us, the positive momentum continues into the 2nd half of the year. June of 2012 showed an overall increase in expenditures, daily spending, arrivals, meetings, conventions and incentives along with honeymoon visitors. All areas of accommodation selection including hotels, condos, and timeshares showed positive growth, some with double digit percentage increases for the month.

Expenditures rose by 20.4%, or $207 million as compared to the previous year, an all-time record for the month of June. The month also showed an 11.5% increase in overall arrivals through the state compared to the previous year. Many of the influential major market areas contributed to that increase such as the mainland United States, Asia, Latin America, Oceania, and Japan. Europe and Canada showed positive numbers however, they were less substantial.

Daily spending per person rose by just over 10% to about $192 per day. Meetings, conventions and incentives showed an additional 30.7% increase in arrivals from last year with an overall increase of 2.6% for the first half of the year. Fewer visitors chose to get married in Hawaii however, the honeymoon sector increased by nearly 15% over that of last year. It also appears that arriving travelers decided to visit one island rather than multiple locations over that of last year. With an increase of over 11%, visitors are making more of a commitment to their chosen destination for perhaps a slightly shorter amount of time. The average length of stay did decline slightly by just under 2%.

Hotels and timeshare properties witnessed the greatest increase of 14.6% and 16.8% respectively. Condo properties saw an increase as well from last year, showing a less impressive but positive growth of 6.5%.

In respect to the Big Island, arrivals increased by nearly 8% and visitor spending increased by just over 4% to $130.8 million. Japan and Canada had the greatest arrival increase as compared to other major market areas. Each of the islands showed consistent arrival increases and most had higher earnings as compared to the previous year.

The Hawaiian Islands are certainly moving in the right direction month over month and in this case, year over year. We look forward to the continued prosperity and support shown by both domestic and international visitors, moving the Aloha State into the future with a positive outlook.

Hawaii Vacation Rental Market Update ~ June 2012

August 30th, 2012

As the 1st half of 2012 is behind us, the positive momentum continues into the 2nd half of the year. June of 2012 showed an overall increase in expenditures, daily spending, arrivals, meetings, conventions and incentives along with honeymoon visitors. All areas of accommodation selection including hotels, condos, and timeshares showed positive growth, some with double digit percentage increases for the month.

Expenditures rose by 20.4%, or $207 million as compared to the previous year, an all-time record for the month of June. The month also showed an 11.5% increase in overall arrivals through the state compared to the previous year. Many of the influential major market areas contributed to that increase such as the mainland United States, Asia, Latin America, Oceania, and Japan. Europe and Canada showed positive numbers however, they were less substantial.

Daily spending per person rose by just over 10% to about $192 per day. Meetings, conventions and incentives showed an additional 30.7% increase in arrivals from last year with an overall increase of 2.6% for the first half of the year. Fewer visitors chose to get married in Hawaii however, the honeymoon sector increased by nearly 15% over that of last year. It also appears that arriving travelers decided to visit one island rather than multiple locations over that of last year. With an increase of over 11%, visitors are making more of a commitment to their chosen destination for perhaps a slightly shorter amount of time. The average length of stay did decline slightly by just under 2%.

Hotels and timeshare properties witnessed the greatest increase of 14.6% and 16.8% respectively. Condo properties saw an increase as well from last year, showing a less impressive but positive growth of 6.5%.

In respect to the Big Island, arrivals increased by nearly 8% and visitor spending increased by just over 4% to $130.8 million. Japan and Canada had the greatest arrival increase as compared to other major market areas. Each of the islands showed consistent arrival increases and most had higher earnings as compared to the previous year.

The Hawaiian Islands are certainly moving in the right direction month over month and in this case, year over year. We look forward to the continued prosperity and support shown by both domestic and international visitors, moving the Aloha State into the future with a positive outlook.

Kolea Market Update ~ First Half of 2012

July 31st, 2012

Hawaii has been enjoying one of its best years since Kolea was built. The first half of 2012 has consistently been better each month than 2011.

All of the major markets arrivals have increased at least 4% from 2011. The largest increase has come from the Japanese market at over 17%. All the other major markets showed similar increases.

Total expenditures have increased at an astounding figure of over 21%. Several months broke records for Hawaii for total expenditures. June was the latest month with $1.2 billion in expenditures.

With the Japanese market showing the largest growth, hotels and timeshares were the accommodation types that also showed the largest growth. Many Japanese come to the islands on package deals with the large hotel chains such as Hilton contributing to their hotel as well as timeshare growth. This was the first year in many that the increase from year to year has decreased for condos.

What does this mean for Kolea? With a positive growth in both arrivals and expenditures, this fairs well for a luxury property such as Kolea. We, Waikoloa Vacation Rentals, have seen slightly greater increases at Kolea in all major aspects. The significant increase in expenditures led to an increase in average nightly rate and length of stay at Kolea. The increase in arrivals led to higher occupancy.

Kolea Market Update ~ First Half of 2012

July 31st, 2012

Hawaii has been enjoying one of its best years since Kolea was built. The first half of 2012 has consistently been better each month than 2011.

All of the major markets arrivals have increased at least 4% from 2011. The largest increase has come from the Japanese market at over 17%. All the other major markets showed similar increases.

Total expenditures have increased at an astounding figure of over 21%. Several months broke records for Hawaii for total expenditures. June was the latest month with $1.2 billion in expenditures.

With the Japanese market showing the largest growth, hotels and timeshares were the accommodation types that also showed the largest growth. Many Japanese come to the islands on package deals with the large hotel chains such as Hilton contributing to their hotel as well as timeshare growth. This was the first year in many that the increase from year to year has decreased for condos.

What does this mean for Kolea? With a positive growth in both arrivals and expenditures, this fairs well for a luxury property such as Kolea. We, Waikoloa Vacation Rentals, have seen slightly greater increases at Kolea in all major aspects. The significant increase in expenditures led to an increase in average nightly rate and length of stay at Kolea. The increase in arrivals led to higher occupancy.

Saving $$$ On Your Investment at Kolea

July 31st, 2012

While the villas at Kolea offer many luxurious amenities, they also demand a lot of ongoing maintenance. Here are a few items that may help save you money as well as maintain your investment at Kolea.

Routine Maintenance on the Refrigerator
The coils for the refrigerators need to be cleaned. Many villas have not been cleaned since Kolea was first built. A large amount of build up on the coils makes the refrigerator less efficient, which costs you money. Extended neglect can shorten the life of your refrigerator significantly. While this is not an ongoing maintenance item, it is something you many want to consider doing every few years.

Lutron Lighting System
While the lighting systems in Kolea are nice amenities that blow away most owners as well as guests when used for the first time, if not managed properly they will use a significant amount of energy. Since most of the bulbs are halogen, there is not currently a way to go to an energy efficient bulb without a significant amount of cost. One reasonable way to save is to adjust your light settings. Many villas have all the lights at full strength on their most used control. Most would agree that this is more light than necessary. By adjusting the settings throughout your Lutron control panel you will find that you can save on energy by programming in more energy efficient settings.

Maintenance of the Dishwasher

With Waikoloa Beach Resort having extremely hard water, many appliances that deal with water are challenged. As mineral deposits build up throughout the dishwasher, it causes the efficiency as well as the effectiveness to diminish. At least annually, the filter should be removed and cleaned thoroughly and a cleaning agent be run throughout the dishwasher. This will help extend the life of your dishwasher.

Air Conditioning
The air conditioner(s) is the largest contributor to your electric bill. There are two popular ways to save here. The first is to install sensors that shut off the air conditioning when a door is opened. With the large pocket doors at Kolea, this is imperative. The second is to install a thermostat with a minimum setting. This will allow you to choose a reasonable setting that the guests cannot turn the temperature below. This will not only save on electric, but also help to minimize problems due to guests turning the temperature too low, thus extending the life of your system(s).

These are a few of the items we consider in the villas we manage at Kolea that you and/or your property manager may want to consider to help save you money and maintain your investment.

Saving $$$ On Your Investment at Kolea

July 31st, 2012

While the villas at Kolea offer many luxurious amenities, they also demand a lot of ongoing maintenance. Here are a few items that may help save you money as well as maintain your investment at Kolea.

Routine Maintenance on the Refrigerator
The coils for the refrigerators need to be cleaned. Many villas have not been cleaned since Kolea was first built. A large amount of build up on the coils makes the refrigerator less efficient, which costs you money. Extended neglect can shorten the life of your refrigerator significantly. While this is not an ongoing maintenance item, it is something you many want to consider doing every few years.

Lutron Lighting System
While the lighting systems in Kolea are nice amenities that blow away most owners as well as guests when used for the first time, if not managed properly they will use a significant amount of energy. Since most of the bulbs are halogen, there is not currently a way to go to an energy efficient bulb without a significant amount of cost. One reasonable way to save is to adjust your light settings. Many villas have all the lights at full strength on their most used control. Most would agree that this is more light than necessary. By adjusting the settings throughout your Lutron control panel you will find that you can save on energy by programming in more energy efficient settings.

Maintenance of the Dishwasher

With Waikoloa Beach Resort having extremely hard water, many appliances that deal with water are challenged. As mineral deposits build up throughout the dishwasher, it causes the efficiency as well as the effectiveness to diminish. At least annually, the filter should be removed and cleaned thoroughly and a cleaning agent be run throughout the dishwasher. This will help extend the life of your dishwasher.

Air Conditioning
The air conditioner(s) is the largest contributor to your electric bill. There are two popular ways to save here. The first is to install sensors that shut off the air conditioning when a door is opened. With the large pocket doors at Kolea, this is imperative. The second is to install a thermostat with a minimum setting. This will allow you to choose a reasonable setting that the guests cannot turn the temperature below. This will not only save on electric, but also help to minimize problems due to guests turning the temperature too low, thus extending the life of your system(s).

These are a few of the items we consider in the villas we manage at Kolea that you and/or your property manager may want to consider to help save you money and maintain your investment.

Hawaii Vacation Rental Market Update- May 2012

July 19th, 2012

Following the trend for the year, May of 2012 was great for the State of Hawaii. Arrivals and visitor expenditures both grew in dramatic form as compared to the previous year. Average length of stay increased as did meetings, conventions, and incentives. Each major market area showed improvement as compared to 2011 as well.

Expenditures and arrivals both increased by 17.5% and 12.5% respectively, making this month the greatest May on record in history. Each major market area continued to show growth. Japan continues to increase their support along with the majority of the US markets. The Canadian market was steady from last year. Scheduled airline seats have continued to increase as well for each of the major islands over the past five months of 2012, increasing overall by 4.5%. The vacation rental industry showed an increase from the previous year and indicated stronger growth than that of the previous month, increasing by about 8% from 2011. The Canadian market, though steady with arrivals, chose to stay in condominium properties over that of hotels in dramatic form. With a 20.2% increase in accommodation selection from the previous year, Canada is certainly showing its support for the industry.

O’ahu has shown the largest growth of all of the islands in relation to visitor arrivals from the previous year, increasing by 15.1%. The Big Island showed an 8.9% increase in arrivals while Maui saw a 6.8% positive change. Though showing the fastest growth during the first three months of 2012, Kaua’i offered a 4.3% positive change compared to last May. These increases are attributed to additional mainland marketing and an active island branding campaign. The purpose of this approach is to match the various islands and the personalities of potential visitors, ensuring a great vacation and repeat visit. As Hawaii gains in popularity, arriving guests are also visiting different locations in an effort to experience the individuality of each of the Hawaiian Islands.

The current forward momentum will continue to get the State of Hawaii out of the shadow of recent years. With most of the influential markers looking positive, the State of Hawaii is proving yet again that it is a stronger destination as we move further into 2012 and beyond.