29 Apr 2021
When it comes to Hawaii property management companies, we firmly believe Happy Guests = Happy Homeowners! As professional property managers, our role is all-encompassing. Our model separates property management from booking services because we understand that protecting homeowner’s investment is just as important as generating business!
Hawaii Travel Trends
Although 2020 was a difficult year for travel, Hawaii Life was able to maintain occupancy levels throughout our properties. As virtual work and school conditions became the norm, we saw traveler demand shift from daily and weekly stays to longer rental periods. Many travelers were searching for their “home away from home'' with a desire to ride out the pandemic in Hawaii.
We were able to meet this demand by leveraging our long-term and short-term rental systems. Hawai‘i Life successfully booked 23,294 nights, resulting in only a 22 percent decrease from 2019 while total visitor numbers to Hawaii dropped by 72 percent. Last year emphasized the need for in-person, on-island property management. We could not have had the success we had in 2020 if our team were not right here in Hawaii, on island and in the market!
Invest in Hawaii Real Estate
Now is a great time to invest in a Hawaii rental property. Vacation rental home occupancy is outperforming hotels across the islands! In addition to the pent-up demand for travel, our guests are desiring more privacy and space when choosing accommodations. Compared to shared spaces found in a hotel atmosphere, vacation rental homes offer the ability to keep a group together while distancing from other travelers and hotel staff. What are some of the benefits of owning a Hawaii vacation rental?
1. Generate Extra Income - We are enjoying our best year on record for vacation rental occupancy!
2. Home Appreciation - In Hawaii’s real estate market, single-family housing sales growth of 5 percent along with price gains of 20 percent year over year to a new median price of $917,500. Condo sales rose 41 percent year over year with a new median price of $457,500, according to a statewide report from ManageCasa.
3. A Personal Getaway - You and your family get to vacation there too!
List with Us
We promise rentals! Hawai‘i Life is the most trafficked real estate and rental website in the State of Hawai‘i, and our inquiries outnumber our vacancies. There’s a reason more than 400 homeowners across Hawai‘i entrust us with their homes.
Contact us today to learn more by email at Vacations@HawaiiLife.com or phone at 855.447.3685.