High Q3 occupancy for timeshare resorts in Hawaii
Timeshare properties reported an average occupancy rate of 90.1 per cent in the Hawaiian Islands during the third quarter of 2018.
In comparison, hotel properties averaged occupancy of 79.7 per cent during the same period.
The encouraging state-wide figures were reported in the Hawaii Timeshare Quarterly Report: July-September 2018, issued by the Hawaii Tourism Authority (HTA).
Oahu timeshare properties led Hawaii’s four island counties in occupancy during the third quarter, averaging 94.3 per cent (+1.8 percentage points) compared to the same period from a year ago. Timeshare properties in the County of Maui averaged occupancy of 91.8 per cent (+1.0 percentage points).
Timeshare occupancy decreased on both Kauai (-2.9 percentage points to 86.5%) and the island of Hawaii (-0.9 percentage points to 83.7%).
State-wide, there were fewer timeshare visitors in the third quarter year-over-year. According to the report, a total of 222,980 visitors stayed at a timeshare resort during all or part of their time in the Hawaiian Islands in the third quarter, a decrease of 5.5 per cent compared to last year. Of this total, 171,310 stayed exclusively at a timeshare resort while visiting Hawaii.
Timeshare visitors represented 8.9 percentage of all Hawaii visitor arrivals in the third quarter of 2018. In addition, Hawaii timeshare visitors had an overall average length of stay of 9.7 days during the third quarter, which was higher than the average length of stay of 8.8 days for all visitors.
Timeshare owners staying in their units accounted for 55.8 per cent of occupied room nights in timeshare properties state-wide during the third quarter. Exchangers (timeshare owners staying in a unit they do not own via a timeshare exchange programme) represented 19.7 per cent of the occupied room nights.
Transient rental of timeshare units to owners and exchangers beyond their allotted stay, as well as to the general public, represented 16.7 per cent of occupied room nights at timeshare properties. Marketing use represented 7.7 per cent of occupied room nights in the third quarter.
HTA’s Hawaii Timeshare Quarterly Report was prepared by Kloninger & Sims Consulting LLC. The third quarter 2018 timeshare survey findings, based on data provided by 53 individual timeshare properties, represents 82.1 per cent of Hawaii’s 11,766 timeshare units.
The report is available at HTA’s website at www.HawaiiTourismAuthority.org