Hawaii hotels see decrease in revenue and occupancy

Through the first nine months of 2021, Hawaii hotel performance statewide continued to be impacted by the COVID-19 pandemic. Hawaii hotels earned $177 in RevPAR (+49.0% vs. 2020, -22.3% vs. 2019), with ADR at $317 (+16.5% vs. 2020, +13.0% vs. 2019) and occupancy of 55.9 percent (+12.2 percentage points vs. 2020, -25.3 percentage points vs. 2019).

Total statewide hotel revenues for the first nine months of 2021 were $2.5 billion (+110.8% vs. 2020, -25.5% vs. 2019). Room supply was 14.1 million room nights (+41.5% vs. 2020, -4.1% vs. 2019), and room demand was 7.9 million room nights (+81.1% vs. 2020, -34.0% vs. 2019).

In comparison to the top U.S. markets during the first nine months of 2021, the Hawaiian Islands earned the highest RevPAR at $177 (+49.0%). Miami, Florida was second at $143 (+52.3%), followed by New York, New York at $101 (+29.8%).

The Hawaiian Islands also led the U.S. markets in ADR at $317 (+16.5%), followed by Miami, Florida at $216 (+8.1%) and New York, New York at $182 (+16.6%).

With the U.S. Mainland accessible for road trips and short-haul inter-continental flights, the Hawaiian Islands’ occupancy continued to be lower than many destinations in STR’s top 25 markets; landing at the 11th spot. Tampa, Florida topped the country in occupancy at 68.9 percent (+17.4 percentage points), followed by Miami, Florida at 66.1 percent (+19.2 percentage points), and Norfolk/Virginia Beach, Virginia at 63.6 percent (+13.7 percentage points). 

Hotels in the Maldives ranked highest in RevPAR for international “sun and sea” destinations at $337 (+46.2%), followed by French Polynesia ($315, +29.9%) and Maui County ($303, +81.9%). The island of Hawaii, Kauai, and Oahu ranked fourth, sixth, and ninth, respectively.

French Polynesia led in ADR at $718 (+30.1%), followed by the Maldives ($656, -11.7%) and Maui County ($517, +26.1%). The island of Hawaii, Kauai, and Oahu ranked fifth, sixth, and ninth, respectively.

Puerto Rico led in occupancy for “sun and sea” destinations at 63.7 percent (+30.1 percentage points), followed by Maui County (58.7%, +18.0 percentage points) and Hawaii Island (58.4 percent, +12.1 percentage points). Kauai and Oahu ranked fifth and sixth, respectively.