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Timeshares filling up statewide

Discussion in 'US - Hawaii Timesharing' started by Roger830, Jul 7, 2018.

  1. Roger830

    Roger830 TUG Member

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    Interesting article from thegardenisland.com

    "Timeshare properties in Hawaii averaged a 92 percent occupancy rate statewide for the first three months of 2018,....., hotel properties averaged an 82.9 percent occupancy rate for the same quarter.

    Owners of Hawaii timeshare units accounted for 58.8 percent"

    It begs the question, why were 8% of the units vacant.

    http://www.thegardenisland.com/2018/07/07/hawaii-news/timeshares-filling-up-statewide/
     
  2. NiteMaire

    NiteMaire Tug Review Crew: Rookie TUG Member

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    The Colonies at Williamsburg
    There's not enough information in the article to answer that question. Several questions/comments come to mind:

    Which timeshares participated in the survey? I would imagine some resorts are never/rarely above 92% occupancy.

    Were owners wanting too much for rent? Was world travel up/down for 1st 3 months of 2018?

    What is the historical level of occupancy for the same timeframe? Did supply increase or did demand decrease? Some insight provided at:
    http://www.hawaiifreepress.com/Arti...imeshares-Average-895-Occupancy-for-2017.aspx
    "In 2017, timeshare occupancy statewide averaged 92.6 percent in the first quarter, 88.2 percent in the second quarter, 90.1 percent in the third quarter, and 87.2 percent in the fourth quarter...Timeshare properties on the island of Hawai‘i reported occupancy of 85.2 percent in 2017, a 0.2 percentage point decrease compared to 2016. The decline in the occupancy rate was impacted by an increase in supply, with Marriott’s Waikoloa Ocean Club adding 112 timeshare units in 2017. Hotel occupancy for the island of Hawai‘i averaged 74.4 percent in 2017."

    I'm sure other questions will come to mind...
     
  3. SmithOp

    SmithOp TUG Member

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    It could be some unsold units were vacant.

    It could also be some leftover days not booked, its common in the Hilton system to see orphan days not booked.


    Sent from my iPad using Tapatalk Pro
     
  4. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    I suspect that developer controlled inventory that they try to rent through their retail website channels (Marriott.com, Hiltion.com) that goes unrented accounts for at least some of the 8%.
     
  5. BJRSanDiego

    BJRSanDiego TUG Member

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    I wonder if part of it has to do with points reservations where it was not possible to perfectly match the arrivals and departures to ensure no empty rooms or no over-booked rooms.
     
  6. bizaro86

    bizaro86 TUG Member

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    They probably have breakage with that, where they reserve a week and only rent out a few nights.
     
  7. easyrider

    easyrider TUG Review Crew: Expert TUG Member

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    Worldmark * * Villa Del Palmar UVCI * * Vacation Internationale*
    Occasionally I see bonus time available at some of the Worldmarks in Hawaii. On our last trip to Kihei we reserved Kihei Kai Nani for our second week but the room was infested with roaches. We lucked out and found bonus time at the Kihei Worldmark for the other 6 nights in a combination of 3 bed and 1 bed units. With both WM and VI you have to reserve early as possible.

    Bill
     

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