Room supply was 20.4 million room nights (-0.1% vs. 2022, +3.2% vs. 2019), and room demand was 15.2 million room nights (+1.5% vs. 2022, -4.6% vs. 2019).
Hawai‘i hotels statewide reported slightly higher occupancy but lower average daily rate (ADR) and revenue per available room (RevPAR) in December 2023 compared to December 2022. When compared to pre-pandemic December 2019, statewide ADR and RevPAR were higher in December 2023 but occupancy was lower.
According to the Hawai‘i Hotel Performance Report published by the Hawai‘i Tourism Authority (HTA), statewide RevPAR in December 2023 was $309 (-2.2%), with ADR at $428 (-3.1%) and occupancy of 72.2 percent (+0.7 percentage points) compared to December 2022. Compared with December 2019, RevPAR was 9.2 percent higher, driven by higher ADR (+21.4%) which offset lower occupancy (-8.0 percentage points).
The report’s findings utilized data compiled by STR, Inc., which conducts the largest and most comprehensive survey of hotel properties in the Hawaiian Islands. For December 2023, the survey included 155 properties representing 47,138 rooms, or 84.9 percent of all lodging properties with 20 rooms or more in the Hawaiian Islands, including those offering full service, limited service, and condominium hotels. Vacation rental and timeshare properties were not included in this survey.
Statewide Hawai‘i hotel room revenues totaled $532.3 million (-2.2% vs. 2022, +12.6% vs. 2019) in December 2023. Room demand was 1.2 million room nights (+0.9% vs. 2022, -7.2% vs. 2019) and room supply was 1.7 million room nights (-0.1% vs. 2022, +3.1% vs. 2019).
Luxury Class properties earned RevPAR of $608 (-5.6% vs. 2022, +4.2% vs. 2019), with ADR at $1,093 (-3.5% vs. 2022, +37.5% vs. 2019) and occupancy of 55.6 percent (-1.2 percentage points vs. 2022, -17.8 percentage points vs. 2019). Midscale & Economy Class properties earned RevPAR of $209 (+4.4% vs. 2022, +21.0% vs. 2019) with ADR at $288 (+2.7% vs. 2022, +37.1% vs. 2019) and occupancy of 72.7 percent (+1.2 percentage points vs. 2022, -9.7 percentage points vs. 2019).
Maui County hotels continued to be impacted by the August 8 wildfires, but still led the counties in December 2023 RevPAR due to comparatively higher ADR. Maui County hotels achieved RevPAR of $420 (-9.6% vs. 2022, +1.5% vs. 2019), with ADR at $612 (-15.2% vs. 2022, +13.0% vs. 2019) and occupancy of 68.7 percent (+4.3 percentage points vs. 2022, -7.8 percentage points vs. 2019). Maui’s luxury resort region of Wailea had RevPAR of $633 (-8.8% vs. 2022, -16.7% vs. 2019), with ADR at $1,140 (-10.4% vs. 2022, +28.2% vs. 2019) and occupancy of 55.5 percent (+1.0 percentage points vs. 2022, -29.9 percentage points vs. 2019). In December, hotels in the Lahaina/Kāʻanapali/Kapalua region were occupied by a mix of displaced Lahaina residents impacted by the fires, relief workers, and visitors. The Lahaina/Kā‘anapali/Kapalua region had RevPAR of $347 (-15.0% vs. 2022, +8.9% vs. 2019), ADR at $476 (-21.6% vs. 2022, +12.0% vs. 2019) and occupancy of 73.0 percent (+5.7 percentage points vs. 2022, -2.1 percentage points vs. 2019).
Kaua‘i hotels earned RevPAR of $329 (+2.3% vs. 2022, +33.3% vs. 2019), with ADR at $489 (+9.4% vs. 2022, +42.7% vs. 2019) and occupancy of 67.3 percent (-4.7 percentage points vs. 2022, -4.8 percentage points vs. 2019).
Hotels on the island of Hawai‘i reported RevPAR at $379 (+5.1% vs. 2022, +44.8% vs. 2019), with ADR at $560 (+10.6% vs. 2022, +70.2% vs. 2019), and occupancy of 67.7 percent (-3.5 percentage points vs. 2022, -11.9 percentage points vs. 2019). Kohala Coast hotels earned RevPAR of $538 (+4.3% vs. 2022, +38.3% vs. 2019), with ADR at $761 (-3.6% vs. 2022, +54.6% vs. 2019), and occupancy of 70.7 percent (+5.4 percentage points vs. 2022, -8.3 percentage points vs. 2019).
O‘ahu hotels reported RevPAR of $242 (+1.9% vs. 2022, +1.5% vs. 2019) in December, ADR at $321 (+0.9% vs. 2022, +11.6% vs. 2019) and occupancy of 75.5 percent (+0.7 percentage points vs. 2022, -7.5 percentage points vs. 2019). Waikīkī hotels earned RevPAR of $231 (+1.5% vs. 2022, -1.0% vs. 2019), with ADR at $304 (+0.3% vs. 2022, +8.5% vs. 2019) and occupancy of 76.2 percent (+0.9 percentage points vs. 2022, -7.3 percentage points vs. 2019).
Year End 2023
In 2023, Hawai‘i’s hotels earned $282 in RevPAR (+2.9% vs. 2022, +23.3% vs. 2019), with ADR at $378 (+1.3% vs. 2022, +33.4% vs. 2019) and occupancy of 74.7 percent (+1.2 percentage points vs. 2022, -6.1 percentage points vs. 2019).
Total statewide hotel revenues for 2023 were $5.7 billion (+2.7% vs. 2022, +27.3% vs. 2019). Room supply was 20.4 million room nights (-0.1% vs. 2022, +3.2% vs. 2019), and room demand was 15.2 million room nights (+1.5% vs. 2022, -4.6% vs. 2019).
Comparison to Top U.S. Markets
In comparison to the top U.S. markets, the Hawaiian Islands earned the highest annual 2023 RevPAR at $282 (+2.9%). New York, New York was second at $246 (+18.1%), followed by Boston, Massachusetts at $162 (+13.8%) (Figure 19).
The Hawaiian Islands also led the U.S. markets in 2023 ADR at $378 (+1.3%), followed by New York, New York at $301 (+8.5%) and Boston, Massachusetts at $224 (+6.2%) (Figure 20).
For 2023, New York, New York topped the country in occupancy at 81.6 percent (+6.6 percentage points), followed by Las Vegas, Nevada at 77.9 percent (+3.5 percentage points) and the Hawaiian Islands at 74.7 percent (+1.2 percentage points).
Comparison to International Markets
Hotels in French Polynesia ranked highest for 2023 RevPAR for international “sun and sea” destinations at $629 (+24.3%), followed by Maui County ($390, -4.3%). Kauaʻi ($313, +3.2%), Hawaiʻi Island ($300, -2.3%), and O‘ahu ($224, +11.3%) ranked fourth, fifth, and seventh, respectively.
Hotels in French Polynesia led in 2023 ADR at $840 (+16.4%), followed by Maui County ($591, -2.0%) and Maldives ($582, -2.4%). Hawaiʻi Island ($427, +2.8%), Kauaʻi ($420, +6.7%), and O‘ahu ($282, +5.7%) ranked fourth, fifth, and ninth, respectively.
Oʻahu led in occupancy for “sun and sea” destinations at 79.6 percent (+4.0 percentage points), followed by Fiji (76.4%, +6.1 percentage points) and French Polynesia (74.8%, +4.7 percentage points). Kauaʻi (74.6%, -2.6 percentage points), Hawaiʻi Island (70.2%, -3.7 percentage points), and Maui County (66.1%, -1.6 percentage points) ranked fourth, ninth, and twelfth, respectively.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
