Hawaiian timeshare properties reported an average occupancy rate of 90.1 percent in Q3 2018

Within the Hawaiian Islands, timeshare properties reported a median occupancy charge of 90.1 p.c statewide within the third quarter of 2018, which was the identical because the third quarter of 2017, in response to the Hawaii Timeshare Quarterly Report: July-September 2018, issued at this time by the Hawaii Tourism Authority (HTA).

As compared, lodge properties statewide averaged occupancy of 79.7 p.c in the course of the third quarter, in response to STR, Inc. knowledge reported to HTA.

Oahu timeshare properties led Hawaii’s 4 island counties in occupancy in the course of the third quarter, averaging 94.3 p.c (+1.8 proportion factors) in comparison with the identical interval from a yr in the past. Timeshare properties within the County of Maui averaged occupancy of 91.8 p.c (+1.0 proportion factors). Timeshare occupancy decreased on each Kauai (-2.9 proportion factors to 86.5%) and the island of Hawaii (-0.9 proportion factors to 83.7%).

Statewide, there have been fewer timeshare guests within the third quarter year-over-year. In accordance with the report, a complete of 222,980 guests stayed at a timeshare resort throughout all or a part of their time within the Hawaiian Islands within the third quarter, a lower of 5.5 p.c in comparison with final yr. Of this complete, 171,310 stayed completely at a timeshare resort whereas visiting Hawaii.

Timeshare guests represented 8.9 proportion of all Hawaii customer arrivals within the third quarter of 2018. As well as, Hawaii timeshare guests had an general common size of keep of 9.7 days in the course of the third quarter, which was increased than the common size of keep of 8.8 days for all guests.

Timeshare homeowners staying of their models accounted for 55.8 p.c of occupied room nights in timeshare properties statewide in the course of the third quarter. Exchangers (timeshare homeowners staying in a unit they don’t personal through a timeshare trade program) represented 19.7 p.c of the occupied room nights. Transient rental of timeshare models to homeowners and exchangers past their allotted keep, in addition to to most people, represented 16.7 p.c of occupied room nights at timeshare properties. Advertising use represented 7.7 p.c of occupied room nights within the third quarter.

HTA’s Hawaii Timeshare Quarterly Report was ready by Kloninger & Sims Consulting LLC. The third quarter 2018 timeshare survey findings, primarily based on knowledge offered by 53 particular person timeshare properties, represents 82.1 p.c of Hawaii’s 11,766 timeshare models.

To see the report, click on right here.

 

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