Pacific Business News recently reported that Hawaii timeshares occupancy increased 1.6 percentage points to 91.5 percent during the second quarter, about 11 percentage points higher than hotel occupancy in the second quarter.
Following you will find the complete article (un-edited) as reported by Pacific Business News:
“The Hawaii Tourism Authority’s Hawaii Timeshare Quarterly Report said about 220,000 visitors stayed at a timeshare resort during the second quarter, similar to last year. Altogether, timeshare visitors represented 8.9 percent of Hawaii’s total visitor count in the second quarter.
Timeshare visitors stayed in Hawaii for an average of 9.9 days during the second quarter, about one day longer than the combined average length of stay for all Hawaii visitors.
Maui timeshare properties led the major Islands in occupancy, increasing 2 percentage points to 94 percent during the second quarter. Oahu timeshare properties followed with 92.6 percent, up 1.8 percentage points; Kauai properties increased 0.7 percentage points to 91.5 percent; and Big Island average timeshare occupancy increased 1 percentage point to 84 percent.
HTA Tourism Research Director Jennifer Chun said timeshare occupancy increased even though inventory also rose, with hundreds of new units added during the second quarter.
“During a quarter that had worldwide media coverage of flooding on Kauai in April and lava covering homes and property on the island of Hawaii in May and June, timeshare owners were undeterred by these images and continued to come to Hawaii and stay in their timeshare properties,” Chun said.
Timeshare owners staying in their units accounted for 54 percent of the total occupancy; timeshare owners staying in a unit they do not own via a timeshare exchange program represented 20.2 percent; transient rental and the general public represented 17.3 percent; and marketing use represented 8.5 percent of occupied room nights.
The report was prepared by Kloninger & Sims Consulting LLC. The second quarter 2018 timeshare survey findings, based on data provided by 52 individual timeshare properties, represents 81.3 percent of Hawaii’s 11,233 timeshare units.”
Syed Sarmad, Principal Broker for Advantage Vacation
