Hawaii Timeshare Occupancy, Employment Stays Strong | ARDA Reports

“It is clear timeshare owners are using their scheduled vacation time in Hawaii because they have already paid for their accommodations. With the expense of their stay pre-paid, it’s easier for them to cover today’s higher airline ticket costs and overcome other economic concerns that are impeding travel to Hawaii.”

HONOLULU – Data collected from Hawaii’s timeshare industry shows that the appeal of vacation ownership continues to be a strong, stable component of the state’s tourism economy, highlighted by high occupancy, employment growth, and rising capital expenditures. The American Resort Development Association’s Hawaii Chapter (ARDA) today released occupancy figures provided by timeshare operators for second quarter 2008 (below), showing that timeshare exceeded hotel occupancy by nearly 20 percentage points statewide. The comparison is especially compelling considering the softening that Hawaii’s visitor industry has experienced since April when visitor arrivals began progressively declining due to increased travel costs and a weakening national economy. read more>>

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