HTA: Hawaii timeshares top hotels in occupancy rates
In the Hawaiian Islands, timeshare properties reported an average occupancy rate of 90.1 percent statewide in the third quarter of 2018, which was the same as the third quarter of 2017, according to the Hawaii Timeshare Quarterly Report: July-September 2018, issued today by the Hawaii Tourism Authority (HTA).
In comparison, hotel properties statewide averaged occupancy of 79.7 percent during the third quarter, according to STR, Inc. data reported to HTA.
Oahu timeshare properties led Hawaii’s four island counties in occupancy during the third quarter, averaging 94.3 percent (+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 percent (+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%).
Statewide, 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 percent 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 percent of occupied room nights in timeshare properties statewide during the third quarter. Exchangers (timeshare owners staying in a unit they do not own via a timeshare exchange program) represented 19.7 percent 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 percent of occupied room nights at timeshare properties. Marketing use represented 7.7 percent 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 percent of Hawaii’s 11,766 timeshare units.