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HONOLULU (HawaiiNewsNow) - Brendan Town and his wife Cho Park came to Hawaii for a dream honeymoon. After spending their first week on Oahu, their next stop was a trip to the Big Island.
Airbnb’s attorney, David Louie, a former Hawaii attorney general, said that the problem is due to illegal short-term rentals and the lack of enforcement, which he said wasn’t addressed.
About 30,000 of Hawaii’s 557,000 total housing units, or 5.5%, are short-term rentals, compared to cities like Las Vegas, where only 3% are short-term rentals, the report said.
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 ...
Hawaii residents have some of the highest housing costs in the nation -- more than 2.5 times higher than the national average -- according to the University of Hawaii Economic Research Organization.
Hawaii visitors are changing where they choose to stay. The number of vacation rental rooms booked, such as those listed on Airbnb or Vrbo, is declining dramatically, while hotel stays are increasing.
According to the monthly Hawaii Vacation Rental Performance Report, occupancy for vacation rentals declined by 22 percentage points compared to October 2019.
HONOLULU -- Hawaii's governor signed legislation Tuesday that boosts a tax imposed on hotel room and vacation rental stays in order to raise money to address eroding shorelines, wildfires and ...