Are Hawaii vacation rental prices finally chilling this summer? And could this mean that even more visitor spending is leaving Hawaii?
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21 thoughts on “Why Did These Hawaii Airbnb Rates Just Drop 40%?”
Are Hawaii vacation rental prices finally chilling this summer? And could this mean that even more visitor spending is leaving Hawaii?
I am an Airbnb host and to me, this decrease is due to the hotel lobby winning nationwide with their campaign to ban vacation rentals. They are delivering falsehoods regarding vacation rentals, saying they are the cause for the housing shortage and the increase in crime.
Of course, that is entirely untrue, but many people believe the propaganda.
I am a 65 year old woman who has been running an upstanding vacation rental for 10 years. It’s the first time in my career that I made decent money.
But with the current restrictions on vacation rentals, I can now only rent for 31 days or more, not the typical 3-5 day stay, so of course, my income has dropped to barely nothing.
Of the hosts who are able to continue renting short term (3-5 days), many seem to provide less quality rentals than I did, and so travelers are steering away from Airbnb now.
What we’re seeing is the demise of mom and pop businesses, and the big corporations winning again, because there is no line that they’re unwilling to cross.
Aloha from South America. We had planned another 2 weeks in Hawaii until I started looking at the cost. Then I started looking at where we could go for the same price. So here we are on a 4 country tour of South America for the same cost as Hawaii. We have been coming to Hawaii for the past 25 yrs, but the cost is not worth it anymore. Hopefully next year we can come back “home” to visit. I miss the golfing and catching up with friends.
First ever comment but long term reader.
Too much ‘noise’ coming from the islands – airfare and lodging price increases, airport issues, charges to park, charges to go to a beach park, animosity towards vacationers, large tax increases, food price increases, lack of staff – it’s all about bad news.
I asked my wife about going to Hawaii last week. She said no. Let’s do Mexico.
Yesterday we booked to go to Puerto Vallarta.
Hawaii is the nicest place we have ever visited. Unless we feel things are feeling friendlier, our visits to the islands are probably over.
I thought Hawaii wanted tourists to go elsewhere and many were saying to please stop coming here….. I had read many articles about this. So this could be in response to that
The same reason the airfare does a similar drop during the winter months. Nothing new has happened every year for the past 20+
I believe that monetary correction is part of good old capitalism at work. If you over price your product, don’t be surprised when your demand starts to disappear and competition from elsewhere starts taking your customers away. There is no need for spending Hawaii taxpayer dollars on some magic formula (via “studies”) when the marketplace will correct itself. Just remember how many of the rental condo owners don’t live here anyway!
This is wonderful news for the land, natives, locals, and ocean! Many travelers are just social media folks hoping to post their picture on the I did it now post. I Love The Islands, and maybe it will become more affordable for us that really respect it and are visiting for the right reasons. It truly is not a disneyland atmosphere destination, well, it became one, the the abuse of the land took its toll. I think the owners of the condos, will be sad to see the prices drop, because they were making it! But, it is a blessing for us that love the real Hawaii!
We have a 3 week trip from the UK to LA booked for August. Back in 2018 we had an additional week in Hawaii (Oahu) and I was looking to do the same again this year, maybe 10 days. However the accommodation prices were ridiculous and instead we have a week AI in Cabo, Mexico which is much more competitive and the whole package with flights far cheaper than a weeks air bnb. I hope if they do come down they stay down but if we like Cabo then maybe we will just stick to there in future
Maui and Kauai are exorbitantly over priced, so to see prices drop there, brings them back closer to what they should be. Why anyone would pay $900+ a night for a garden room with no view at a Wailea “resort” is beyond me.