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Hawaii’s Vacation Rentals Nearly 6% Of Housing Supply

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Hawaii’s Vacation Rentals Nearly 6% Of Housing Supply


Despite vacation rental crackdowns and looming legislative reforms, vacation rental supply statewide still accounts for a significant portion of Hawaii’s housing stock.

That’s why the conversion of vacation rentals into longer-term housing is seen by some as a solution that could satisfy critical housing demand in Hawaii. But so far, regulatory policies have not led to an aggregate shift toward the long-term market, as other short-term rental listings have entered the market in response, said Justin Tyndall, an author of the Hawai‘i Housing Factbook 2024, which was released in May by the nomic Research Organization, where he works as an assistant professor of economics.University of Hawaii Eco

The fact book cites statistics from the state Department of Business, Economic Development and Tourism, which estimates that there are 32,000 STRs in the state, accounting for nearly 6% of the state’s entire housing inventory. While STRs aren’t necessarily in use daily, DBEDT data indicates that active listings increased 9% from 2022 to 2023.

Though Hawaii expanded its housing stock by 25,000 units, or 1.8%, from 2018 to 2022, UHERO noted that the growth was only on Oahu, which had a net increase of 23,000, and Hawaii County, which added 2,600 units. The report said Kauai and Maui saw a net loss of units, likely because “the rate of new construction has been unable to keep up with losses to the vacation rental market.”

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So far, Maui is the only country to introduce a bill to amortize vacation rentals since the state gave the counties greater power to chart their own course. Kauai is staying the course. Hawaii island is working on vacation rental reforms but does not plan to amortize them.



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Hawaii

This Popular Hawaii Resort Has A New 3-Story Penthouse And Renovated Pools With Local Amenities

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This Popular Hawaii Resort Has A New 3-Story Penthouse And Renovated Pools With Local Amenities


When it comes to Waikiki’s luxury hotels, the Ritz-Carlton Residences, Waikiki Beach, is one of the most beloved properties for frequent visitors to this popular corner of Hawaii. With all its spacious rooms boasting balconies with ocean views and kitchens to ensure a comfortable stay no matter how long your trip may be, it’s a true home away from home, with the added magic that comes with the brand’s phenomenal customer service. To make things better, the resort recently unveiled a collection of new suites and reimagined pools, providing guests an even more elevated experience than before.

Dubbed the Sky Suites, these sumptuous, multi-bedroom accommodations have become the pinnacle of luxury living in Waikiki. Encased in floor-to-ceiling windows, delivering sweeping panoramas of the neighborhood’s namesake beach and the beautiful blue Pacific at every turn, the vistas alone are worth every penny. But once you add in the modern furnishings, full kitchens with Miele appliances, the formal dining spaces, and pristine white marble bathrooms, you’ll never want to look back. To top it all off, they also come with exclusive perks, including roundtrip airport transfers, a dedicated VIP concierge, and a pre-stocked refrigerator with preferred beverages and snacks.

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Guests have the option between three- or four-bedroom Sky Suites. The former is a coveted corner unit that features what is arguably the resort’s best view of Diamond Head, along with a sleek, marble kitchen island that’s great for entertaining. The latter is the property’s largest, spanning nearly 3,000 square feet across two floors, and is the only four-bedroom suite in all of Waikiki. It also sports the resort’s biggest kitchen, making it particularly great for private chef dinners, and the double-height living room allows for plenty of natural light to filter in.

But the Ritz-Carlton’s crowning jewel, quite literally, is the Sky Penthouse. Occupying the top floors of the resort’s Diamond Head Tower, this three-story, two-bedroom suite soars 350 feet above Waikiki. The first level houses the living spaces, a kitchen with a wine fridge, one bedroom, and a small media room that also doubles as a great private reading nook. The second floor is entirely dedicated to the master bedroom, but it’s the rooftop that’s the real selling point. Touting one of the neighborhood’s highest infinity plunge pools, the furnished deck also features a hot tub and grill, and is particularly ideal for sundowners.

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You won’t need to book the Sky Penthouse for an incredible pool experience, though. The property offers its guests two infinity pools, one of which is an adults-only oasis. Both offer private cabanas, with the options at the family-friendly pool being larger, that come with a mini refrigerator stocked with local beverages and snacks. All guests can also expect a variety of thoughtful pool amenities, including sunscreen service and hourly snacks that pay homage to local favorites, like fresh pineapple dipped in li hing mui. The resort’s popular daily afternoon ritual of complimentary ice cream and sorbet is still available, and now includes an adult version with the addition of sparkling wine float. Quite frankly, there’s enough to keep you at the pool that you may never want to leave.



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Last minute shopping at Hawaii Holiday Craft & Gift Fair

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Last minute shopping at Hawaii Holiday Craft & Gift Fair


HONOLULU (HawaiiNewsNow) – It’s down to the wire for holiday shoppers, with just a few days until Christmas.

For those looking for last minute gifts, the Hawaii Holiday Craft & Gift Fair is happening this weekend at the Blaisdell Center Exhibition Hall.

More than 250 vendors are selling a variety of locally-made products, from clothing and jewelry to food and crafts.

Fair spokesperson Yasmin Dar joined HNN’s Sunrise to talk about the event organized by Sunshine Productions and showcase some of the available products, including scarves from Beads & Things by Kori and candies from the Hawaii Candy Factory, which produces NOMs in local flavors like Banana Lumpia Chocolate Bark, Campfire S’Mores, Peppermint Chocolate Crunch Bark, Li Hing & Lemon Peel Covered Gummies and more.

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The fair opens at 10 a.m. and goes until 5 p.m. on Sunday. Buy tickets at the Blaisdell Box Office for $7 per person. Military families and children under 7 years of age are free.

More information and a $2 off coupon can be found at HawaiiHolidayFair.com.



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Pacific Century Fellows focus on strengthening Hawaii-Philippines relationship with special visit

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Pacific Century Fellows focus on strengthening Hawaii-Philippines relationship with special visit


HONOLULU (HawaiiNewsNow) – Members of a prestigious leadership training program from Hawaii recently traveled to the Philippines on a special visit.

Former Honolulu Mayor and current President/CEO of the Hawaii Lodging and Tourism Association Mufi Hannemann founded the Pacific Century Fellows Program (PCF) in 1996, modeled after the White House Fellows program to empower emerging leaders across the state to solve local challenges.

Last month, this year’s cohort of 30 business and community leaders. along with some PCF alumni, met with Philippine President Ferdinand “Bongbong” Marcos Jr., who lived in Hawaii for 5 years, when his father, former President Ferdinand Marcos, Sr., was ousted following a nonviolent revolution in 1986 and exiled here.

Marcos Sr. died in Honolulu in 1989, and the family was allowed to return to the Philippines in 1991 and rebuilt their political careers.

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The fellows met with various Filipino leaders and discussed ways to boost business opportunities and tourism for both destinations, including more flights to Ilocos Norte, where many Filipinos in Hawaii have roots.

The group visited Ilocos Norte at the invitation of Governor Matthew Marcos Manotoc and learned about Hawaii’s strong historic ties to the region.

For more information, visit pacificcenturyfellows.com.



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