Highlighted News Stories From Maui, Late October 2022
Maui County Hotels Led the State in Revenue
According to the Hawai’i Tourism Authority’s recent hotel performance report, Maui County hotels led the state in revenue per available room and average daily rates in September.
Maui County hotels generated $350 per available room last month, which is 21.3% higher than the pre-pandemic report from 2019 and 51.7% higher than the pre-pandemic report from 2021. The average daily rate was $535.82 last month, an increase of 10.1% from last year, as well as 69.6% higher than September 2019 prior to the COVID-19 pandemic. Occupancy was 65.4% last month, up 6% from last year but down 7.7% from the previous year. Occupancy rates in Maui County were the lowest in the state in September. Read more about Maui’s hotel performance.
Kihei Kulanihakoi Roundabout Progress
Workers are still working on the Piilani Highway roundabout in Kihei, which is located at the entrance to Kulanihakoi High School. When the two-lane traffic circle opens, it will be the first multi-lane roundabout in the state. The roundabout should be completed in November, according to state Department of Transportation officials. See more updates.
Heading into Wet Season, Drought Conditions are Expected to Persist
Even with above-average rainfall predicted for the wet season, drought may continue in Maui County and Hawaii island. It has been three straight La Niña years, a cyclical weather pattern of cooler sea-surface temperatures that alternate with the warmer ocean temperatures of El Niño. The current situation is not as rare as it seems. During the last time it happened, drought prevailed as it is predicted to in Hawaii now. During the dry season from May to September, many locations in the state experienced the highest level of drought. Learn more about the drought on Maui.
Financing Being Requested for West Maui Hospital Construction
A $7 million grant-in-aid is being sought by the builders of a new hospital on the Hawaiian island of Maui. The 30,000 square foot, single-story West Maui Hospital will be a licensed critical access facility. It will have an emergency room open around-the-clock, radiology labs, a pharmacy, and outpatient services. The request for a new hospital from the community has encountered a number of roadblocks. The construction is projected to cost about $20 million when it is finished, bringing the total development expenditures to about $38.5 million. There are no acute care hospitals or skilled nursing facilities in the area, leaving locals and guests at significant risk of illness and injury. Learn more about the West Maui Hospital.
West Maui and Lahaina Market Update
We offer many educational resources so that you can stay up-to-date with Maui Real Estate. If you are considering buying or selling in Lahaina, Kaanapali, or on the West side of Maui, take a look at the following West Maui market report.