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Hawaii Hotel Figures Q1 2022
Hawaii RevPAR increased 195.8% year over year from $86.65 in Q1 2021 to $256.29 in Q1 2022, with ADR increasing 34.5% from $269.30 in Q1 2021 to $362.14 in Q1 2022. Occupancy rates
CBRE is the leading full-service commercial real estate company in Hawaii. Locally CBRE was responsible for 464 lease and sales transactions valued at over $524 million in 2019 and currently manages 9.6 million square feet of commercial properties. CBRE Hawaii employs a staff of 72 people in 8 offices (including on-site management offices) on three of the four major islands of Oahu, Maui and Kauai. Its spectrum of services includes Advisory & Transaction Services for office, retail and industrial properties, Capital Markets, Property Management, CBRE Hotels, Valuation & Advisory Services, Assessment & Consulting Services, Debt & Structured Finance, and Project Management. CBRE in Hawaii is responsible for leasing more than 50% of the Class A office buildings in downtown Honolulu and participating in some of the Island's largest sales.
The Honolulu office is in the heart of downtown's Central Business District on the island of Oahu. In a region consisting of a land area of 6,423.4 square miles scattered on islands in the Pacific Ocean, the offices on Maui, Kauai and the Big Island (Hawaii) provide clients with a personal touch on those islands.
CBRE Hawaii is poised to serve clients wishing to take advantage of Hawaii's unique location and advanced telecommunications infrastructure.
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Hawaii RevPAR increased 195.8% year over year from $86.65 in Q1 2021 to $256.29 in Q1 2022, with ADR increasing 34.5% from $269.30 in Q1 2021 to $362.14 in Q1 2022. Occupancy rates
Net Absorption Further Accelerates Net absorption was positive for another quarter, up from 92,236 sq. ft. in Q4 2021 to 180,535 sq. ft. for Q1 2022. Vacancy Declines
Report
The Hawaii 2021 Year in Review and 2021 Market Outlook captures trends and expectations across many facets of the Hawaii commercial real estate market. Topics include an overview o
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