timeshare occupancy exceeds hotel occupancy in hawaii!

[TUGBrian]

https://www.bizjournals.com/pacific...imeshare-properties-had-higher-occupancy.html

seems the last quarter of 2017 was great for timeshares!

 

[Panina]

Seems timeshares are thriving in Hawaii.

 

[pedro47]

This is why the State of Hawaii is charging higher taxes to timeshare resorts.

 

[pianoetudes]

Does it mean there are more timeshare units than hotel units, or more visitors staying at timeshare than hotel?

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[artringwald]

Does it mean there are more timeshare units than hotel units, or more visitors staying at timeshare than hotel?

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It doesn't mean either of those things. It just means there are a higher percentage of unoccupied units in hotels than in timeshares. It said there are a total of 11,233 time share units. I haven't seen any recent numbers, but past statistics showed that the state had over 50,000 hotel rooms.

 

[dioxide45]

It doesn't mean either of those things. It just means there are a higher percentage of unoccupied units in hotels than in timeshares. It said there are a total of 11,233 time share units. I haven't seen any recent numbers, but past statistics showed that the state had over 50,000 hotel rooms.

This isn't really out of the ordinary. Timeshare tends to always have higher occupancy levels. Perhaps because of the "prepaid" factor.

 

[dougp26364]

You’d like to think that a tourist heavy economy like Hawaii would be a little more user friendly to timeshare owners and developers. I understand maintaining the integrity of the Hawaiian culture and maintaining their beautiful state by limiting how and where resorts can be built. However i feel,like they’re awfully heavy handed with their taxes on those who can’t vote and apparently visit their state more than any other group of tourist.

If not for timeshares, we likely would never have visited Hawaii let alone visited their state 5 times and every major island at least once. Maybe they should encourage rather than discourage this form of tourism...... within limits.

 

[tschwa2]

You’d like to think that a tourist heavy economy like Hawaii would be a little more user friendly to timeshare owners and developers. I understand maintaining the integrity of the Hawaiian culture and maintaining their beautiful state by limiting how and where resorts can be built. However i feel,like they’re awfully heavy handed with their taxes on those who can’t vote and apparently visit their state more than any other group of tourist.

If not for timeshares, we likely would never have visited Hawaii let alone visited their state 5 times
and every major island at least once. Maybe they should encourage rather than discourage this form of tourism...... within limits.

If the timeshares are at or near capacity even with the high taxes then no reason to lower the taxes. Even when units sit empty they are usually paid for and the taxes are paid from the resort so even if an owner defaults the other owners have to make up the difference. I remember a few years back the lobbyist said that timeshare visitors spent less than hotel visitors as they ate more meals in their kitchens and generally bring less dollars into the economy. This of course dismisses the money spent on other tourist activities that timeshare visitors may spend more on since they may be spending less on accommodations and some meals.

 

[pedro47]

Doug26364, thinking back over twenty-five years now your observation are correct. I now think all the timeshare resorts in Williamsburg,VA really put a dent in the hotel occupancy rate; especially all the Colonial Williamsburg Foundation Hotels.

 

[rickandcindy23]

The VRBO listings for Maui alone are staggering, and some of those probably don't pay occupancy taxes to the county. I remember Maui cracked down on this about 8 years ago because very few were paying taxes, and even the ones that were professionally managed were not paying taxes. Those units also have kitchens to cook and nice living rooms to relax in.

Hotels don't appeal to me for the lack of space and comfort. Sure, the bed is comfortable, but sitting on the bed all day is not fun. I need a living room and a kitchen to get snacks. I guess that is why the county of Maui is charging me $280 per week for property taxes.

 

[cowboy]

The daily occupancy tax went from $8.24 per day on 12/31/2017 to $9.39 on 1/1/2018 on the big island. There are two things we can do, accept it, or don't come back as we cannot vote for the council members or the representatives.

 

[dioxide45]

The daily occupancy tax went from $8.24 per day on 12/31/2017 to $9.39 on 1/1/2018 on the big island. There are two things we can do, accept it, or don't come back as we cannot vote for the council members or the representatives.

The daily occupancy tax is directly tied to the underlying maintenance fee for the week. So as fees are increased by the HOA, so goes the occupancy tax.

 

[dougp26364]

If the timeshares are at or near capacity even with the high taxes then no reason to lower the taxes. Even when units sit empty they are usually paid for and the taxes are paid from the resort so even if an owner defaults the other owners have to make up the difference. I remember a few years back the lobbyist said that timeshare visitors spent less than hotel visitors as they ate more meals in their kitchens and generally bring less dollars into the economy. This of course dismisses the money spent on other tourist activities that timeshare visitors may spend more on since they may be spending less on accommodations and some meals.

I don’t know about everyone else but I don’t think we’ve ever fixed a meal in our timeshare, unless you count the occasional bowl of cereal.

 

[T_R_Oglodyte]

I don’t know about everyone else but I don’t think we’ve ever fixed a meal in our timeshare, unless you count the occasional bowl of cereal.

We fix quite a few meals in the units when we are in Hawaii. We usually have at least two of our children with us, and a son-in-law, and preparing food and eating it together, and talking over dinner is a bit part of our day. Family-style dinner - tough to do in a restaurant.

 

[geist1223]

We normally eat Breakfast in the Condo and about 1/2 of the dinners. Lunch is almost always out but it may be a picnic we fixed in the Condo.

 

[Tamaradarann]

I don’t know about everyone else but I don’t think we’ve ever fixed a meal in our timeshare, unless you count the occasional bowl of cereal.

Eating meals in a timeshare unit is certainly an individual preference. However, I would have to agree that in general people who stay in timeshares spend less in restaurants and touristy activities than those who stay in Hotels. First of all I think timeshare owners return to the same location more often than Hotel people so that they participate less in touristy activities. Second, one of the main reasons that timeshare people buy and stay in timeshares is so they can avail themselves of the cost saving as well as convenience of a kitchen. I know we love being able to get up have a cup of coffee, breakfast, vitamins/medications first thing in the morning without having to get dressed, shower/wash up and travel to get our day going. We also like coming back for a quick and inexpensive lunch. Finally, saving money by having a salad and drinks in the room before walking to a nice restaurant is a great way to end a day.

 

[jestme]

Here's my view. The state loves it when first timers spend $32 for breakfast each at one of the large hotels. The fact those people will find Hawaii far too expensive and will never come back totally escapes them. Timeshare owners come regularly an don't fall for those prices more than once. When the economy went south, the timeshare owners still came, to nearly 100%, while the hotel vacancy rate sky rocketed.
Here is the reality, there are mostly 50-60 year old hotels, some well maintained, some not so well. They draw people because of the Hawaii "brand", but that's getting to be a stretch. It is a long flight for anyone. Other areas, with shorter travel, and no time change issues offer "all inclusive" options, newer resorts, not old hotels, at about 50-60% of what it costs to go to Hawaii. Hawaii's tourism days are numbered unless they come up with something else to compete with besides the "Hawaii" brand in the next while. I admit, I love it here, but the prices of everything have gone up over the past two years to the point of insanity. $38 plus tip for 2 draft beers, a glass of sangria, and an order of fries won't make it for us for much longer. Neither will $28 plus tax and tip each breakfasts, let alone the dinner costs. Timeshare home cooking WILL become a major selling point going forward.

 

[BocaBoy]

This isn't really out of the ordinary. Timeshare tends to always have higher occupancy levels. Perhaps because of the "prepaid" factor.

Yes, it is what I would expect for the reason you say. Nice information to know, but not a big news flash.

 

[jehb2]

I don’t know about everyone else but I don’t think we’ve ever fixed a meal in our timeshare, unless you count the occasional bowl of cereal.

Before kids we never cooked on vacation. Once the kids came along we started cooking most meals in the timeshare. It's just so much easier. Although we do enjoy going out for sushi, nikkumon, udon, and tempura.