Blog Detail
Tourism Rebounds on Maui
Our travel industry has seen improved growth with an increase in tourism last year. According to The Maui News, the hotel occupancy rate on Maui increased by 2.4 percentage points to 72.6% in 2012.
Also, the revenue per available room rose by 8% to $187.27 in 2012 which is the highest in the state. In 2012, visitor arrivals to Maui rose by 5.9%.
The Wailea area had an increase of 7.3% to 77.4% and Lahaina-Kaanapali-Kapalua area had occupancy at 73.6 percent.
Statewide hotel room revenue reached $3.26 billion for 2012 up 4.5% over the previous record set in 2006. We are looking at further growth in tourism this year.
It goes without saying that there is a direct correlation with the health of our economy in Hawaii and tourism, our main industry. As the economy continues to benefit from the increase in tourist dollars, we are seeing improvement in our real estate market.