Caught in the cross-hairs of both the legislature and the hotel lobby. Are you still inclined to choose Hawaii vacation rentals over hotels?
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67 thoughts on “Hawaii Vacation Rentals Struggle Amid Policy Turmoil, Demand Slides”
Caught in the cross-hairs of both the legislature and the hotel lobby. Are you still inclined to choose Hawaii vacation rentals over hotels?
I can only speak for our property, south of Hilo. In 2016-7 We built, landscaped and furnished a 3-bed 2-bath 1400 ft2 home with a 40X12 lap pool on 1 acre for just under $500,000. We began renting it as STVR in 2018. Our goal was to break even, with rental ncome. We average about 200 rental days annually, and we we visit for maintenance and our own use twice a year. We have nearly all 5-star reviews. I surveyed our guests asking how many would have considered Hawaii for a vacation if they could only stay in a hotel or resort. 100% responded ‘No’. We do not serve the same market. We have not made local housing inventory more expensive. We have put 10s of thousands of dollars annually into the local economy and the tax coffers.
So much talk about money going out to off island owners when Ten times more money than STRs is going out to massive off island hotel corporations. These same corporations are the ones trying to push out the little guys STRs who are offering less expensive accommodations. More expensive accommodations at hotels means less money spent on the local economy
There are so many unlicensed illegal STRs. Close those and problem solved. Don’t change the rules and go after those whole followed the rules
Totally agree! Why punish law/ policy abiding citizens?