Call : 808-791-2923
Hawaii Americana Realty Serving Hawaii's Most Beautiful Beaches and Homes, and Serving Them To You!
  • Home
  • Metro
    • Alewa Heights
    • Aliamanu
    • Dowsett
    • Kakaako
    • Kalihi Area
      • Kalihi Lower
      • Kalihi Uka
      • Kalihi Upper
      • Kalihi Valley
    • Kalama Valley
    • Kam Heights
    • Kapahulu
    • Kapalama
    • Kapiolani Area
    • Liliha
    • Makiki Heights
    • Manoa Area
      • Manoa Lower
      • Manoa Upper
      • Manoa Woodlawn
    • Moanalua Gardens
    • Maoanlua Valley
    • Moiliili
    • Nuuanu Area
    • Pacific Heights
    • Palolo Valley
    • Pauoa Valley
    • Punahou
    • Punchbowl
    • Salt Lake
  • Diamond Head
    • Aina Haina
    • Diamond Head
    • Hawaii Loa Ridge
    • Kahala / Black Point
    • Kai Nani
    • Kaimuki
    • Kalani Iki
    • Kuliouou
    • Niu Beach and Valley
    • Paiko Lagoon
    • Palolo
    • St. Louis Heights
    • Waialae Areas
    • Wilhelmina
  • Hawaii Kai
    • Hahaione Upper & Lower
    • Kalama Valley
    • Koko Head Terrace
    • Koko Kai
    • Koko Villas
    • Mariners Cove
    • Mariners Ridge
    • Mariners Valley
    • Napali Haweo
    • Portlock
    • Queens Gate
    • Triangle
    • West Marina
  • Kailua
    • Coconut Grove
    • Enchanted Lake
    • Hillcrest
    • Kailua Town Condos
    • Kawailoa
    • Keolu Hills
    • Waimanalo
  • Kaneohe
    • Hauula
    • Kaaawa
    • Kaalaea
    • Mahinui
    • Punaluu
    • Temple Valley
    • Windward Estates
  • Northshore
    • Haleiwa
    • Kahuku Malaekahan
    • Laie
    • Mokuleia
    • Paalaakai
    • Sunset Area
    • Sunset Velzy
    • Waialua
  • Leeward
    • Lualulalei
    • Maili
    • Makaha
    • Nanakuli
    • Sea Country
    • Waianae
  • Ewa Plain
    • Ag / Indl / Navy
    • Ewa
    • Ewa Beach
    • Gentry Subdivisions
    • Hawaiian Homes Land
    • Hoakalei – Ka Makana
    • Huelani
    • Kapolei Condos
    • Kapolei Homes
    • Ko Olina
    • Leeward Estates
    • Nanakai Gardens
    • Ocean Point
    • Westloch Estates
    • Westloch Fairway
  • Makakilo
    • Highpointe
    • Kahiwelo
    • Kumulani
    • Makakilo
    • Makakilo – Lower
    • Makakilo – Upper
    • Palehua Heights
    • Royal Ridge
    • Starsedge
    • Wai Kaloi
    • West Hills
  • Waipahu
    • Crestview
    • Harbor View
    • Renaissance
    • Robinson Heights
    • Royal Kunia
    • Seaview
    • Village Park
    • Waikele
    • Waipahu
    • Waipahu – Lower
    • Waipahu Estates
    • Waipahu Gardens
    • Waipahu Triangle
    • Waipio Gentry
  • Central
    • Launani Valley
    • Mililani Condo $100k – $250k
    • Mililani Condo $251k – $500k
    • Mililani SFR $400k – $600k
    • Mililani SFR $600k – $800k
    • Mililani SFR Over $800k
    • Wahiawa Area
    • Wahiawa Heights
    • Waipio Acres
    • Whitmore Village
    • Wilikina
  • Pearl City
    • Aiea Area
    • Aiea Heights
    • Foster Village
    • Halawa
    • Halawa Heights
    • Manana
    • Navy / Federal
    • Newtown
    • Pacific Palisades
    • Pearl City
    • Pearl City – Lower
    • Pearlridge
    • Royal Summit
    • Waiau
    • Wailuna
    • Waimalu
  • Contact Us

Airbnb, alternative accommodations in Hawaii may not have a big impact, CBRE says

January 20, 2016 By Mark G. Howard 1 Comment

A new analysis by CBRE finds that the emerging alternative accommodation industry in Hawaii may not have a significant impact on hotels, and might actually attract tourists that may have otherwise stayed away due to expensive lodging.

In its first analysis, PKF Hospitality Research, a CBRE Company, takes a closer look at companies including Airbnb, VRBO and Flipkey — online lodging platforms that allow individuals to rent their homes to visitors.

The “sharing economy” startups are pushing the conventional notion of what it means to vacation in the Islands, as well as “redefining boundaries, both economic and regulatory,” according to the report. The most recent count shows approximately 10 percent of total visitor accommodation units in Hawaii are vacation rentals.

Data from Airdna reveal that there are now approximately 6,900 Airbnb listings in Hawaii, most on Oahu. More rental properties are listed on VRBO and FlipKey, among other sites.

“Future inroads made by network orchestrators such as Airbnb are therefore likely to have less impact on Hawaii’s hotels compared to other markets, particularly when consistently high hotel occupancy levels point to significant unaccommodated demand,” says CBRE, which utilized Google Trends in its analysis. “In the optimal scenario, CBRE believes that an increase in alternative vacation rental accommodations at a lower price point may even serve to induce more visitation to Hawaii.”

The online network of vacation rentals could have a minimal impact on hotels, CBRE argues, noting Hawaii hotels currently enjoy high occupancy levels, and that doesn’t necessarily “induce” greater supply of alternative accommodation units. Oahu already has a “well-established vacation rental industry,” the report states, noting further investigation is required for a complete picture of the industry.

“In addition to numerous local residential real estate and tour/travel agencies with vacation rental listings, VRBO has traditionally been the leader in vacation rental inventory on the web for the Hawaiian Islands,” CBRE says. “With these market-specific factors added to the mix, any analysis would have to first account for the quantum of units not captured by Airbnb before valid conclusions can be drawn.”

Lorin Eleni Gill
Reporter
Pacific Business News

Filed Under: Featured Blog Tagged With: airbnb

Comments

  1. Justin says

    January 27, 2016 at 12:03 am

    I think it also happen in other countries not just in Hawaii.

    Log in to Reply

Leave a Reply Cancel reply

You must be logged in to post a comment.

Existing Users

Quick Search

Search Honolulu County Cities

  • Browse by City in Hawaii Central MLS
  • Browse by City in Hawaii Central MLS

Browse Oahu Real Estate by Price

  • Browse Real Estate For Sale by Price
  • Browse Real Estate For Sale by Price

Oahu Luxury Estates

  • Luxury Estates $10M plus
  • Luxury Estates $2M – $3M
  • Luxury Estates $3M – $4M
  • Luxury Estates $4M – $5M
  • Luxury Estates $5M - $6M
  • Luxury Estates $6M – $8M
  • Luxury Estates $8M – $10M

Kaka’ako High-Rise

  • 909 Kapiolani
  • 1350 Ala Moana
  • Hawaiki Tower
  • Hokua
  • Imperial Plaza
  • Keola Lai
  • Koolani
  • Moana Pacific
  • Nauru Tower
  • One Waterfront Towers
  • Pacifica Honolulu
  • Royal Capitol Plaza

Info

  • Client Login
  • Contact Us
  • About Us
  • Privacy Policy
  • Fair Housing
  • US Residential Property Buying Guide
  • General Real Estate
  • Directory of Vendors
  • FOR SELLERS
  • Reviews

Ko Olina Beach Resort

  • Ko Olina Beachvillas
  • Ko Olina Coconut Plantation
  • Ko Olina Fairways
  • Ko Olina Hillside Villas
  • Ko Olina Kai Golf Estates
  • Ko Olina Kai Lani
  • Ko Olina Olani

Oahu Real Estate Listings

  • Waikiki Vacation Rental Properties
  • Oahu New Construction
  • Oahu Commercial Property

Oahu Luxury Condos

  • Luxury Condos $1M – $2M
  • Luxury Condos $2M – $3M
  • Luxury Condos $3M – $4M
  • Luxury Condos $4M +

Waikiki By Price

  • Waikiki $150,000 – $200,000
  • Waikiki $200,000 – $250,000
  • Waikiki $250,000 – $300,000
  • Waikiki $300,000 – $350,000
  • Waikiki $350,000 – $450,000
  • Waikiki $450,000 – $600,000
  • Waikiki $600,000 – $1M
  • Waikiki $1,000,000 plus
© 2014 - Hawaii Americana Realty. All Rights Reserved. Hawaii Americana Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Subject to change without notice. While the information on this site is deemed to be accurate, Hawaii Americana Realty. does not guarantee its accuracy, and provides this information without warranties of any kind, either expressed or implied. Hawaiian Americana Realty, Inc. 134 Kapahulu Ave., CUB, Honolulu, HI 96815 * by appointment only * RB20383 / RB20384