Statewide RevPAR in March 2023 was $296 (+6.4%), with ADR at $387 (+4.0%) and occupancy of 76.5 % (+1.7 share factors) in comparison with March 2022.
Hawai‘i resorts statewide reported stronger income per out there room (RevPAR), common every day price (ADR), and occupancy in March 2023 in comparison with March 2022. When in comparison with pre-pandemic March 2019, statewide ADR and RevPAR had been additionally larger however occupancy price was decrease in March 2023.
In response to the Hawai‘i Resort Efficiency Report revealed by the Hawai‘i Tourism Authority (HTA), statewide RevPAR in March 2023 was $296 (+6.4%), with ADR at $387 (+4.0%) and occupancy of 76.5 % (+1.7 share factors) in comparison with March 2022. In contrast with March 2019, RevPAR was 31.9 % larger, pushed by larger ADR (+35.9%) which offset decrease occupancy (-2.3 share factors).
The report’s findings utilized information compiled by STR, Inc., which conducts the biggest and most complete survey of resort properties within the Hawaiian Islands. For March 2023, the survey included 153 properties representing 46,640 rooms, or 84.0 % of all lodging properties with 20 rooms or extra within the Hawaiian Islands, together with these providing full service, restricted service, and condominium resorts. Trip rental and timeshare properties weren’t included on this survey.
Hawai‘i resort room revenues statewide totaled $509.1 million (+6.0% vs. 2022, +35.4% vs. 2019) in March 2023. Room demand was 1.3 million room nights (+2.0% vs. 2022, -0.3% vs. 2019) and room provide was 1.7 million room nights (-0.3% vs. 2022, +2.7% vs. 2019).
Luxurious Class properties earned RevPAR of $537 (-2.6% vs. 2022, +21.8% vs. 2019), with ADR at $893 (-0.8% vs. 2022, +53.0% vs. 2019) and occupancy of 60.1 % (-1.1 share factors vs. 2022, -15.4 share factors vs. 2019). Midscale & Economic system Class properties earned RevPAR of $199 (+9.0% vs. 2022, +36.6% vs. 2019) with ADR at $258 (+8.2% vs. 2022, +43.5% vs. 2019) and occupancy of 77.3 % (+0.6 share factors vs. 2022, -3.9 share factors vs. 2019).
Maui County resorts led the counties in March 2023 and achieved RevPAR of $455 (-0.5% vs. 2022, +36.7% vs. 2019), with ADR at $646 (+1.9% vs. 2022, +52.1% vs. 2019) and occupancy of 70.5 % (-1.7 share factors vs. 2022, -8.0 share factors vs. 2019). Maui’s luxurious resort area of Wailea had RevPAR of $635 (-4.8% vs. 2022, +9.1% vs. 2019), with ADR at $1,028 (+2.6% vs. 2022, +60.3% vs. 2019) and occupancy of 61.7 % (-4.8 share factors vs. 2022, -28.9 share factors vs. 2019). The Lahaina/Kā‘anapali/Kapalua area had RevPAR of $418 (+0.8% vs. 2022, +51.7% vs. 2019), ADR at $565 (+2.3% vs. 2022, +59.0% vs. 2019) and occupancy of 74.0 % (-1.1 share factors vs. 2022, -3.6 share factors vs. 2019).
Kaua‘i resorts earned RevPAR of $306 (-1.1% vs. 2022, +49.1% vs. 2019), with ADR at $404 (+4.1% vs. 2022, +42.0% vs. 2019) and occupancy of 75.8 % (-4.0 share factors vs. 2022, +3.6 share factors vs. 2019).
Lodges on the island of Hawai‘i reported RevPAR at $329 (-4.4% vs. 2022, +52.2% vs. 2019), with ADR at $430 (-1.3% vs. 2022, +56.8% vs. 2019), and occupancy of 76.5 % (-2.5 share factors vs. 2022, -2.3 share factors vs. 2019). Kohala Coast resorts earned RevPAR of $474 (-8.1% vs. 2022, +53.6% vs. 2019), with ADR at $611 (-6.7% vs. 2022, +58.5% vs. 2019), and occupancy of 77.6 % (-1.1 share factors vs. 2022, -2.5 share factors vs. 2019).
O‘ahu resorts reported RevPAR of $216 (+20.0% vs. 2022, +17.9% vs. 2019) in March, ADR at $273 (+12.3% vs. 2022, +18.9% vs. 2019) and occupancy of 79.3 % (+5.1 share factors vs. 2022, -0.7 share factors vs. 2019). Waikīkī resorts earned RevPAR of $206 (+19.5% vs. 2022, +15.3% vs. 2019), with ADR at $260 (+13.0% vs. 2022, +16.2% vs. 2019) and occupancy of 79.4 % (+4.3 share factors vs. 2022, -0.6 share factors vs. 2019).
First Quarter 2023
Within the first quarter of 2023, Hawai‘i’s resorts earned $292 in RevPAR (+16.0% vs. 2022, +24.4% vs. 2019), with ADR at $388 (+8.4% vs. 2022, +33.1% vs. 2019) and occupancy of 75.2 % (+4.9 share factors vs. 2022, -5.3 share factors vs. 2019).
Complete statewide resort revenues for the primary quarter of 2023 had been $1.5 billion (+15.5% vs. 2022, +27.5% vs. 2019). Room provide was 5.0 million room nights (-0.4% vs. 2022, +2.5% vs. 2019), and room demand was 3.8 million room nights (+6.5% vs. 2022, -4.2% vs. 2019).
Comparability to Prime U.S. Markets
Compared to the highest U.S. markets, the Hawaiian Islands earned the very best first quarter 2023 RevPAR at $292 (+16.0%). Miami, Florida was second at $221 (-1.0%), adopted by Phoenix, Arizona at $184 (+27.2%).
The Hawaiian Islands additionally led the U.S. markets in first quarter 2023 ADR at $388 (+8.4%), adopted by Miami, Florida at $278 (-2.8%) and San Francisco, California at $240 (+39.2%).
For the primary quarter 2023, Tampa, Florida topped the nation in occupancy at 79.6 % (+2.4 share factors), adopted by Miami, Florida at 79.4 % (+1.5 share factors) and Orlando, Florida at 78.8 % (+6.9 share factors).
Comparability to Worldwide Markets
Lodges within the Maldives ranked highest for first quarter 2023 RevPAR for worldwide “solar and sea” locations at $580 (-3.1%), adopted by French Polynesia ($478, +70.2%). Maui County ($449, +12.7%), Hawaiʻi Island ($325, +3.3%), Kauaʻi ($309, +11.0%), and O‘ahu ($212, +25.7%) ranked third, fifth, sixth, and tenth, respectively.
Lodges within the Maldives led in first quarter 2023 ADR at $765 (-4.7%), adopted by French Polynesia ($679, +17.7%) and Maui County ($645, +7.5%). Hawai‘i Island ($425, +1.5%), Kaua‘i ($413, +9.0%), and O‘ahu ($273, +14.2%) ranked sixth, seventh, and tenth, respectively.
Puerto Vallarta led in occupancy for “solar and sea” locations at 83.8 % (+11.8 share factors), adopted by Phuket (79.7%, +39.6 share factors) and Oʻahu (77.5%, +7.1 share factors). Hawaiʻi Island (76.5%, +1.4 share factors), Kauaʻi (74.9%, +1.3 share factors), and Maui County (69.7%, +3.2 share factors) ranked sixth, ninth, and twelfth, repsectively.
Tatiana is the information coordinator for TravelDailyNews Media Community (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her position contains monitoring the tons of of reports sources of TravelDailyNews Media Community and skimming an important in line with our technique.
She holds a Bachelor’s diploma in Communication & Mass Media from Panteion College of Political & Social Research of Athens and she or he has been editor and editor-in-chief in numerous financial magazines and newspapers.