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The Honolulu Advertiser
Updated at 2:33 p.m., Friday, January 9, 2009

Visitor accommodations grew 1.3% in 2008

Advertiser Staff

The number of visitor accommodation units statewide rose to 74,177 in 2008, a 1.3 percent increase from 2007, according to a report released today.

The increase mostly came from rising numbers of timeshare properties — where visitors buy a week or more at a time. And there was a boost from the completion of hotel renovations in Waikiki, according to the 2008 Visitor Plant Inventory published by the Department of Business, Economic Development and Tourism Research & Economic Analysis Division.

Kaua'i had the largest percentage increase of 5.9 percent to 9,203 units. Timeshare units on Kaua'i grew by 241 units, driven in part by new units coming on line in Princeville.

The Big Island reported an increase of 1.6 percent to 11,240 visitor units. O'ahu reported a 1.5 percent increase to 34,081 units, boosted by newly renovated Waikiki properties being added back into the inventory and the continued expansion of timeshare units in Ko 'Olina.

Maui's inventory decreased slightly by 0.8 percent to 19,055 units while Moloka'i experienced a 21 percent decline due to the closure of the Lodge & Beach Village at Moloka'i Ranch. The visitor unit count on Lana'i remained unchanged.

Hotels continued to comprise the majority (57.2 percent) of visitor units statewide and condominium hotels accounted for the second largest share of visitor units at 22.1 percent. The number of hotel visitor units decreased slightly (-.3 percent) while condominium visitor units increased by 10.2 percent. Timeshare units grew by 4 percent and individual vacation units decreased by 5.1 percent.

The Big Island reported an increase of 1.6 percent to 11,240 visitor units. O'ahu reported a 1.5 percent increase to 34,081 units, boosted by newly renovated Waikiki properties being added back into the inventory and the continued expansion of timeshare units in Ko 'Olina.

Maui's inventory decreased slightly by 0.8 percent to 19,055 units while Moloka'i experienced a 21 percent decline due to the closure of the Lodge & Beach Village at Moloka'i Ranch. The visitor unit count on Lana'i remained unchanged.

Hotels continued to comprise the majority (57.2 percent) of visitor units statewide and condominium hotels accounted for the second largest share of visitor units at 22.1 percent. The number of hotel visitor units decreased slightly (-.3 percent) while condominium visitor units increased by 10.2 percent. Timeshare units grew by 4 percent and individual vacation units decreased by 5.1 percent.