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Occupancy % owners/renters

Discussion in 'Vistana Signature Experiences (formerly Starwood)' started by DannyTS, Nov 7, 2018.

  1. DannyTS

    DannyTS TUG Member

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    These numbers come from the Annual members meeting at Westin Lagunamar Cancun.

    It seems that 1/3 of the total occupancy comes from rentals.

    Throughout the year the overall occupancy is very decent at 91%.

    How do these numbers compare to other resorts ? I cannot compare to SVV, this info is not present in the similar ppt presentation.

    upload_2018-11-7_9-15-18.png
     
  2. taterhed

    taterhed TUG Member

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    two good articles here:

    https://mauinow.com/2018/07/06/maui-leads-state-in-timeshare-occupancy-at-96/

    Timeshare properties in Maui County averaged a 95.6% occupancy rate for the first three months of 2018, according to the Hawaiʻi Timeshare Quarterly Report released today by the Hawaiʻi Tourism Authority. By comparison, hotel properties in Maui County averaged an 80.2% occupancy rate for the same quarter.

    The Maui timeshare occupancy rate was the highest among the islands and represented a 1.5 percentage point increase compared to the prior year.

    The average Maui County timeshare visitor had a 10 day length of stay during the first quarter, also the highest among the islands. Maui County welcomed 70,042 timeshare visitors during the first three months of 2018, a 4.5% increase from the prior year. Timeshare visitors represented 9.7% of Maui County’s visitor market during the quarter.

    Owner occupancy accounted for 61.6% of occupied room nights at Maui timeshare resorts during the quarter. Marketing use represented 9% of occupied room nights in Maui County timeshares, the highest share among the islands. Transient Guests contributed 13.8% of occupied room nights, the lowest share among the islands during the quarter.



    https://governor.hawaii.gov/newsroo...-grew-to-91-5-percent-in-second-quarter-2018/

    HONOLULU – Timeshare properties in the Hawaiian Islands reported an average occupancy rate of
    91.5 percent (+1.6 percentage points) in the second quarter of 2018, according to the Hawaii Timeshare Quarterly Report: April-June 2018, issued today by the Hawaii Tourism Authority (HTA).

    In comparison, hotel properties statewide recorded an average occupancy rate of 80.6 percent
    (+1.3 percentage points) in the second quarter.

    Jennifer Chun, HTA tourism research director, commented, “During a quarter that had worldwide media coverage of flooding on Kauai in April and lava covering homes and property on the island of Hawaii in May and June, timeshare owners were undeterred by these images and continued to come to Hawaii and stay in their timeshare properties.

    “The increase in total timeshare occupancy was achieved even though inventory grew with hundreds of new units added to Hawaii’s mix in the second quarter of last year. Timeshare’s growth in units and occupancy rates did not seem to adversely affect demand for hotel stays. It’s noteworthy timeshare and hotel occupancy both grew at similar rates during the second quarter at a statewide level.”

    During the second quarter, Maui County timeshare properties led Hawaii’s four island counties in occupancy, averaging 94.0 percent (+2.0 percentage points) compared to the same period a year ago. Oahu timeshare properties averaged occupancy of 92.6 percent (+1.8 percentage points), with Kauai timeshare properties at 91.5 percent (+0.7 percentage points), and island of Hawaii timeshare properties at 84.0 percent (+1.0 percentage points) in the second quarter.

    By comparison, Oahu hotels led the four island counties in occupancy during the second quarter, averaging 84.5 percent (+1.7 percentage points). Kauai hotels averaged occupancy of 77.5 percent
    (+2.6 percentage points), with Maui County hotels at 77.4 percent (+0.1 percentage points), and island of Hawaii hotels at 71.8 percent (+0.4 percentage points).

    Approximately 220,000 visitors stayed at a timeshare resort for all or part of their stay in the Hawaiian Islands during the second quarter, similar to last year. Of that total, more than 172,000 visitors, or
    78.3 percent, stayed exclusively at a timeshare resort while in Hawaii. Altogether, timeshare visitors represented 8.9 percent of Hawaii’s total visitor count in the second quarter.
     
  3. DannyTS

    DannyTS TUG Member

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    Very interesting details, just a bit difficult to compare quarters with a whole year.
    According to this article, 2017 (same as the OP):Hawai‘i Timeshare Properties Averaged 89.5 Percent Occupancy in 2017

    http://www.hawaiifreepress.com/Arti...imeshares-Average-895-Occupancy-for-2017.aspx

    I find rather high the rental percentage at Lagunamar. There is one person that rents for every 2 owners (or exchanges). If owners only occupy 60% of the capacity, does Vistana own 30-40%?
     
    Last edited: Nov 7, 2018
  4. SueDonJ

    SueDonJ Moderator

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    I've always thought that "Renters" includes only those who book cash stays via the management company and third-party sites that get inventory from the management company, and "Owners" includes the sub-category of rentals between the Owners and their private renters. Wouldn't this mean the actual Owner occupancy is even lower?
     
  5. DannyTS

    DannyTS TUG Member

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    They seem to include owners and those that exchanged in the same category. I am pretty sure that includes guests of owners or people who rented from owners.
    To me renters in that slide means condos owned and rented by Vistana for cash.
     
  6. DannyTS

    DannyTS TUG Member

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    Other interesting data comes when combing through the resort budget, it is pretty obvious that the owners subsidy the sales operation.

    Basically if you calculate $1377.04 X 52 weeks X 290 units = $20,765,794. So Vistana does not pay for the 6 Sales gallery units. The maintenance fee per unit should be calculated based on the total number of units (296) and Vistana should contribute to the resort budget for the 6 units they use for sales.

    Of course 6 units is BS, the sales dept occupies much more than the 6 units since they have many offices they use. I wonder what other services they do not pay for and are shouldered by the owners.


    View attachment 8946
    View attachment 8948
     
  7. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    Developers often (always) setup cushy arrangements for their onsite operations. Free rent usually being one of them. Though they usually pay for their own refurbishments and furniture. So the costs to maintain a sales office is rather low for the HOA. Perhaps electricity is metered separately? Quite often they also get free rent for the onsite food and beverage operations.
     
  8. controller1

    controller1 TUG Member

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    Both of your attachments return an error message.
     

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