Honolulu Hawaii Vacation Rental Management
Income Estimates And Tips To Run a Successful Short Term Rental in Honolulu, Updated October 2024
Rent Your Vacation Home or Condo in Honolulu, Hawaii
Are you a homeowner in Honolulu looking to earn some extra income? Renting out your home as a short-term vacation rental may be the perfect solution. With its breathtaking beaches, vibrant culture, and year-round warm weather, Honolulu is a top destination for travelers seeking a tropical getaway. Whether you have a condo in Waikiki or a beachfront house in Kailua, there is high demand for vacation rentals in this popular city. By tapping into this market, you can turn your property into a profitable asset.
If you're a local second home owner, or property manager, RedAwning can help you attract more guests, manage dynamic pricing and more. If you're a remote owner and/or prefer a full-service option, finding the right partner can have a significant impact. An excellent option to consider is Koko Resorts, a prominent player in the industry of vacation rental management. Koko Resorts offers a wide range of services tailored to meet the unique needs of both property owners and guests. From marketing and reservations to property maintenance and guest support, Koko Resorts handles all aspects of vacation rental management with utmost professionalism and unwavering dedication.
When partnering with RedAwning for your property management needs, we can make sure your Honolulu rental is set up correctly and ready to generate the most amount of revenue possible per stay.
Current Vacation Rental Trends in Honolulu
During the month of November, Honolulu and areas including Waikiki, Diamond Head/Kapahulu/St. Louis Heights, Ala Moana/Kakaako, McCully/Moiliili, Hawaii Kai, Kaimuki, Makiki/Lower Punchbowl/Tantalus, Waialae/Kahala, Kuliouou/Kalani Iki, Downtown, Manoa, Palolo, Liliha/Kapalama, Nuuanu/Punchbowl, Kalihi Valley, Kalihi/Palama, Aliamanu/Salt Lake/Foster Village, Airport, North Kalihi/Palama, and Honolulu are projected to generate over $214/night for a 1 bedroom vacation rental, on average! There were 7,767 vacation active rental properties in Honolulu. 7,077 are renting the entire place, and 690 are shared rooms. On average, during the month of November 2023, each vacation rental property in Honolulu is booked 81% of the time, and most hosts are projected to generate $3,997 or more during the month of November! See how much you could earn with our free vacation rental income calculator.
tag
$214.00 Per Night*
calendar
81% Occupied*
gauge
$3,997.00 Per Month*
* Based on the median average of all vacation rentals in the Honolulu area.
Get a free estimate for your home or condo.
Get a free estimate for your home or condo.
Featured Honolulu Vacation Rental Generating Record Profits With RedAwning
Oahu 2121 Ala Wai 4101 Starting at $923 to $1,384 per night!
This is a 30-day minimum rental This exquisite condo exudes ultra-luxury with premium decor and top-tier enhancements. Uniquely designed, it stands as the sole 2-story condominium in the building, positioned on the 40th and 41st floor, granting unparalleled views as one of the loftiest condos in Waikiki. There is an entrance to the condo on each level. You will enjoy elevated luxury with marble floors, travertine bathrooms, cherry wood dining, premium leather seating, ceiling... Read More
This Honolulu vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Honolulu.
Successful short-term vacation rentals in Honolulu, Hawaii
There are several reasons why vacation rentals in Honolulu, Hawaii can be such a good fit for your short-term rental. One of the biggest factors is that Honolulu is one of the most popular vacation destinations in the world, and there are plenty of tourists who will be looking to rent out their homes for short periods of time. This means that you have an opportunity to make some money off of your property when it’s not being used as a full-time home, and it also creates a sense of community among renters who might otherwise never meet each other. Another reason that vacation rentals in Honolulu, Hawaii can be so popular is that they often come with a lot of perks. For example, many hosts offer free wifi and cable TV, which can be great ways to keep people entertained while they’re on vacation. And if you’re looking for something more substantial, there are also plenty of great restaurants and attractions in the area. If you’re looking to make some extra money off your short-term rental property in Honolulu, then there are definitely plenty of opportunities for you.
The popularity of short-term vacation rentals in Honolulu, Hawaii has been on the rise the last few years. Visitors to the city are looking for a low-cost way to experience all that the city has to offer and renting out your Honolulu home is one of the best ways to do so. Not only can you make some extra money from renting out your property but you can also get to know more people from all over the world. With that said, there are a few things you should keep in mind when renting out your Honolulu home as a short-term rental. First, make sure that you have all of your necessary permits and licenses required by local authorities in order to rent out your property. Second, remember that short-term vacation rentals must comply with all local regulations, including fire codes and zoning laws. Third, be sure to provide your guests with plenty of towels and toiletries as they will be using them while they are staying at your property.
RedAwning takes the guess-work out of Honolulu property management, and we work with you to ensure your Honolulu short-term rental is set up perfectly to attract guests and maximize your rental revenue, from day-one.
See how much your Honolulu vacation rental could earn:
Revenue Projections for Vacation Rentals in Honolulu, Hawaii during December, 2023
Based on a 1 bedroom, which is the most common Honolulu vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in December. Higher bars below can command higher prices, if your Honolulu vacation rental is available during these days.
$26277%1st
$26277%2nd
$25676%3rd
$25577%4th
$25676%5th
$25978%6th
$24880%7th
$26781%8th
$26581%9th
$25979%10th
$25475%11th
$24973%12th
$25173%13th
$25072%14th
$25772%15th
$26772%16th
$26171%17th
$26370%18th
$26070%19th
$27371%20th
$28472%21st
$31075%22nd
$32976%23rd
$31181%24th
$31783%25th
$31884%26th
$32084%27th
$32184%28th
$33383%29th
$33483%30th
$32082%31st
Average Daily Price & Percent Occupied Next Month In Honolulu
Note: These averages are based on a 1 bedroom home in Honolulu. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.
Interested in learning how you can maximize your vacation rental revenue in Honolulu, Hawaii?
If you are a speculative home buyer or have another home in Hawaii, check out our other Hawaii Vacation Rental Management reports in Hanalei, Hauula, Kahuku, Kailua Kona, Kamuela, Kaneohe, Kapaa, Kapolei, Kihei, Kilauea, Koloa, Lahaina, Laie, Lihue, Paia, Princeville, Waianae, Waikoloa, Maui, Keaau, Anahola, Pahoa, Volcano, Haena, Hilo, Wailuku, Kaanapali, Napili, Hana, Kailua, Kapalua, Wailea, Pepeekeo, Kahului, Wainiha, Kahana, Papaaloa, Kona, Waialua, Kohala Coast, Kula, Keauhou, Mountain View, Honokowai, Haleiwa, Papaikou, Anini, Kehena, and Ele'Ele, Hawaii or view all of our vacation rental market reports
