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.

Selecting a Kolea Rental

August 28th, 2012

We know how much time and energy can go into planning a trip so far from home. Kolea is a spectacular property that has a wide range of options in price, villa size, view, and location. No matter what your preference, there is a villa or home perfect for your needs just inside the front gates of Kolea at Waikoloa Beach Resort.

Each and every villa at Kolea offers top of the line construction, African mahogany cabinetry and trim throughout, stainless steel appliances, pocket lanai doors, granite countertops, private lanai with outdoor Viking grills, and much more. The Beach Club is available to all guests of Kolea including the infinity pool, natural lava rock Jacuzzi, workout hale, sand bottom children’s pool with waterfall, shaded cabanas, and more. With direct beach access to A’Bay, Kolea sets the standard for luxury at the Waikoloa Beach Resort.

The information below should offer some assistance with reserving and securing the very best accommodations on the Big Island of Hawaii at the Waikoloa Beach Resort.

Price: How Much Do You Want To Spend?

Though there are different price points available, each and every villa option will certainly satisfy your need for luxury and convenience.

The two bedroom, two bath villas along with the three bedroom, two bath villas offer the amenities of Kolea for less of a cost and on a smaller scale. These options are available in buildings 9, 11, and 14-16. The cost reduction is due to slightly less square footage and view differential. In some cases, they are set back just a bit further than the other buildings but only add a few moments’ walk to the beach and pool. The two bedroom villas can comfortably sleep four guests, possibly more while the three bedroom, two bath options can easily sleep six. The Lanai is about half the size but offers the very same enhancements such as shelter from the elements, seating for four to six people, and an outdoor Viking kitchen.

If you would prefer something a bit larger, the three bedroom villas will not disappoint. Some visitors prefer to be on the ground floor with a grass area just off of the lanai while other visitors prefer the second or third floor. Typically, the second and third floor villas have a higher nightly rate than that of the first floor villas.

This additional cost is based on a few factors but in no way makes the ground floor any less of a great choice, especially if you prefer to have the ground level for additional space or children. The value of the experience and price point will make any vacation a special occasion.

The second and third floor villas do offer a slightly higher nightly rate but the cost is well worth it. These villas offer additional square footage, larger kitchen area, second master bedroom, larger bathroom space in addition to the height and private lanai.

How Much Room Do You Need?

Even the most modest two bedroom, two bath villa at Kolea offer plenty of space; just under 1,300 square feet. Villa size goes up from there throughout the property. The ground floor three bedroom, two bath accommodations offer over 1,550 square feet while the ground floor three bedroom, three bath villas offer over 1,700 square feet. The largest options are the three bedroom, three and a half bath second and third floor villas. These come in just under 2,150 square feet.

The larger three bedroom villas have a lanai twice the size than that of the smaller floor plans.

There are even private homes that can accommodate families up to 10 people.

How Important Is The View?

Many villas at Kolea offer stunning ocean views and that of the surrounding area. Though some of the ground floor accommodations have an ocean or partial ocean view, the second and third floors offer greater views of the surrounding area.

In many cases, the same floor plans will have views that differ from each other simply due to their location on the Kolea property. Many have direct ocean views while others are set back a bit, offering great views of the development, landscaping, and surrounding elevated mountain terrain.

Where Do You Want To Be At Kolea?

Typically many visitors prefer being closest to the beach club, located directly across from building 8 and 10. As shown in the map below, most visitors staying at Kolea travel past buildings 7-8, 10, 12-13, and 15-16 to reach their respective villas. A low speed limit, respectful guests, and overall design make noise less of an issue. That being said, some guests prefer virtually no car traffic if possible. If that is the case, buildings 1-6, 9, 11, and 14 would be great choices.

If you prefer to be closest to the Beach Club, buildings 7-12 offer the nearest locations.

Waikoloa Vacation Rentals offers the largest selection of Kolea vacation rentals with an interactive and user friendly website. All of our available villas can be viewed online with descriptions, pictures, rates, availability, search capability, and more.

If you have any questions, please call us at (808) 987-4519 or email us at waikoloavrm@aol.com for assistance with taking you through the Kolea rental process. We are here and happy to help.

Selecting a Kolea Rental

August 28th, 2012

We know how much time and energy can go into planning a trip so far from home. Kolea is a spectacular property that has a wide range of options in price, villa size, view, and location. No matter what your preference, there is a villa or home perfect for your needs just inside the front gates of Kolea at Waikoloa Beach Resort.

Each and every villa at Kolea offers top of the line construction, African mahogany cabinetry and trim throughout, stainless steel appliances, pocket lanai doors, granite countertops, private lanai with outdoor Viking grills, and much more. The Beach Club is available to all guests of Kolea including the infinity pool, natural lava rock Jacuzzi, workout hale, sand bottom children’s pool with waterfall, shaded cabanas, and more. With direct beach access to A’Bay, Kolea sets the standard for luxury at the Waikoloa Beach Resort.

The information below should offer some assistance with reserving and securing the very best accommodations on the Big Island of Hawaii at the Waikoloa Beach Resort.

Price: How Much Do You Want To Spend?

Though there are different price points available, each and every villa option will certainly satisfy your need for luxury and convenience.

The two bedroom, two bath villas along with the three bedroom, two bath villas offer the amenities of Kolea for less of a cost and on a smaller scale. These options are available in buildings 9, 11, and 14-16. The cost reduction is due to slightly less square footage and view differential. In some cases, they are set back just a bit further than the other buildings but only add a few moments’ walk to the beach and pool. The two bedroom villas can comfortably sleep four guests, possibly more while the three bedroom, two bath options can easily sleep six. The Lanai is about half the size but offers the very same enhancements such as shelter from the elements, seating for four to six people, and an outdoor Viking kitchen.

If you would prefer something a bit larger, the three bedroom villas will not disappoint. Some visitors prefer to be on the ground floor with a grass area just off of the lanai while other visitors prefer the second or third floor. Typically, the second and third floor villas have a higher nightly rate than that of the first floor villas.

This additional cost is based on a few factors but in no way makes the ground floor any less of a great choice, especially if you prefer to have the ground level for additional space or children. The value of the experience and price point will make any vacation a special occasion.

The second and third floor villas do offer a slightly higher nightly rate but the cost is well worth it. These villas offer additional square footage, larger kitchen area, second master bedroom, larger bathroom space in addition to the height and private lanai.

How Much Room Do You Need?

Even the most modest two bedroom, two bath villa at Kolea offer plenty of space; just under 1,300 square feet. Villa size goes up from there throughout the property. The ground floor three bedroom, two bath accommodations offer over 1,550 square feet while the ground floor three bedroom, three bath villas offer over 1,700 square feet. The largest options are the three bedroom, three and a half bath second and third floor villas. These come in just under 2,150 square feet.

The larger three bedroom villas have a lanai twice the size than that of the smaller floor plans.

There are even private homes that can accommodate families up to 10 people.

How Important Is The View?

Many villas at Kolea offer stunning ocean views and that of the surrounding area. Though some of the ground floor accommodations have an ocean or partial ocean view, the second and third floors offer greater views of the surrounding area.

In many cases, the same floor plans will have views that differ from each other simply due to their location on the Kolea property. Many have direct ocean views while others are set back a bit, offering great views of the development, landscaping, and surrounding elevated mountain terrain.

Where Do You Want To Be At Kolea?

Typically many visitors prefer being closest to the beach club, located directly across from building 8 and 10. As shown in the map below, most visitors staying at Kolea travel past buildings 7-8, 10, 12-13, and 15-16 to reach their respective villas. A low speed limit, respectful guests, and overall design make noise less of an issue. That being said, some guests prefer virtually no car traffic if possible. If that is the case, buildings 1-6, 9, 11, and 14 would be great choices.

If you prefer to be closest to the Beach Club, buildings 7-12 offer the nearest locations.

Waikoloa Vacation Rentals offers the largest selection of Kolea vacation rentals with an interactive and user friendly website. All of our available villas can be viewed online with descriptions, pictures, rates, availability, search capability, and more.

If you have any questions, please call us at (808) 987-4519 or email us at waikoloavrm@aol.com for assistance with taking you through the Kolea rental process. We are here and happy to help.

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.

Hawaii Vacation Rental Market Update- April 2012

July 19th, 2012

Now into the second quarter of 2012, tourism is continuing to show improvement for the State of Hawaii. Arrivals from nearly every major market area, increased expenditures, more multi-island visits, and organized tour groups all contributed to a strong month.

One unique highlight is an increase of expenditures by nearly 27% as compared to April, 2011. It also marked the highest amount of spending by visitors on record for the state as compared to the same month in history. Arrivals from the Canadian market slowed down a bit though still higher than this time last year, increasing by 3.3%. The biggest gain was shown by the Oceana, Japan, and the other Asian markets with arrivals, both increasing with huge percentages as compared to April, 2011. Scheduled air seats fell off from the Eastern US market due to decreased service from Chicago by American Airlines and United but those decreases were offset by increased seat demand from the West Coast. East Coast visitors are still making the trip but connecting through the major West Coast cities. Those carriers are now offering seasonal service out of Chicago rather than year round.

The arrival growth rate of the major islands continues to show improvement. O’ahu increased by 12.9%, the Big Island moved up 7.3%, Kaua’i was next in line at 4.6%, and Maui was in the last spot, showing a positive increase of arrivals at 4%. Each of these examples is compared to April, 2011. Vacation Rental occupancy did not appear to move up at quite the same pace as the other important factors throughout Hawaii though it held firm to last year’s numbers. Visitors were coming in but simply choosing to stay elsewhere overall throughout the state.

With most of the important indicators showing positive momentum, 2012 is proving to be a great year for the State of Hawaii as a whole. Perhaps these statewide increases will equate to the same forward motion for the vacation rental industry further into 2012.

4th of July on the Big Island of Hawaii 2012

June 27th, 2012

This July 4 holiday has a number of events for the entire family both on the Waikoloa Beach Resort and on the island as a whole.

All activities below are on Wednesday, July 4th, 2012.

The King’s Shops host the ‘Great Waikoloa Rubber Duckie Race’. Do not miss this opportunity to win great prizes and take part in the hot wing eating contest sponsored by Merriman’s Market Cafe. This is a benefit for the United Cerebral Palsy Association of Hawaii. Live entertainment will be available from 10am to 8:30pm at the Coronation Pavilion. The event will feature a fireworks and laser light show at 8:30 pm. Forms for “Duckie adoption” are available at all Kings’ Shops merchants on the Waikoloa Beach Resort. This is a fantastic activity for families.

The Queens Marketplace will host another event with entertainment, cotton candy, popcorn, and family fun from 6-8pm with a finale of fireworks over the Waikoloa Bowl at the Queens Gardens at 8pm. Gates to the Waikoloa Bowl open at 5pm with a free concert starting at 6pm with Johnny Shot. Beach chairs and mats are welcome. No coolers please. This is an alcohol and drug free event. Bring the family, show your support to the community, and enjoy yourself!!

The morning kicks off at the Mauna Lani Resort at 10:30 am with The Celebration of Turtle Independence Day, which incorporates the local culture and marine life education. The Mauna Lani Resort has been raising juvenile honu (turtles) for over 20 years. The honu are cared for in the saltwater ponds of the Mauna Lani Bay Hotel and Bungalows. Once they reach a predetermined weight and size they are released to the ocean every 4th of July. Many locals as well as vacationers gather to enjoy this fascinating event. This annual celebration honors the honu and helps educate the public about the Hawaiian green sea turtle. There will be live entertainment, a 4th of July BBQ, along with an educational display about green sea turtles

The Kailua-Kona July 4th Parade travels from Kona Pool/Gym to Walua Road past Coconut Grove. Announcing stations at West Hawaii Today, Remixx at King Kamehameha Mall, King Kamehameha’s Kona Beach Hotel, Boston Basil’s, Pancho & Lefty’s, Kimo’s (with magic before), Waterfront Row, Lava Java, and Humpy’s at Coconut Grove. Come support the community from 5:30 pm to 7pm.