Maui Business – Maui Now https://mauinow.com Maui News, Weather, Entertainment & More : Hawaii News Thu, 27 Jul 2023 04:34:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.2 Outrigger finalizes acquisition of Kāʻanapali Beach Hotel; welcomes Maui Brewing Co. restaurant this summer https://mauinow.com/2023/07/26/outrigger-finalizes-acquisition-of-ka%ca%bbanapali-beach-hotel-welcomes-maui-brewing-co-restaurant-this-summer/ https://mauinow.com/2023/07/26/outrigger-finalizes-acquisition-of-ka%ca%bbanapali-beach-hotel-welcomes-maui-brewing-co-restaurant-this-summer/#respond Thu, 27 Jul 2023 04:34:35 +0000 https://admin.mauinow.com/?p=422375

Outrigger Resorts & Hotels finalized its acquisition of the iconic Kāʻanapali Beach Hotel on Wednesday. The 11-acre, 432-room property is now rebranded as Outrigger Kā‘anapali Beach Resort. 

This purchase heralds a new chapter in Outrigger’s global effort of delivering luxury and hospitality across Hawaiʻi, Fiji, Mauritius, Thailand and the Maldives. 

“As a Hawai‘i-based company for 75 years, we have cultivated a profound appreciation for this enchanting place and its people,” said Jeff Wagoner, president and CEO of Outrigger Hospitality Group in a news release. “We understand the responsibility of being exceptional stewards of this treasured land and embrace the opportunity to continue the tradition of excellence at this extraordinary property. The Kā‘anapali Resort area is undeniably a sought-after destination, captivating travelers from across the globe with its natural beauty and rich cultural heritage. We are committed to elevating this experience to new heights while being a collaborative community partner.”

The property’s Huihui restaurant, officially closed operations on Tuesday, after a two year run. In an Instagram post, the restaurant bid farewell to a loyal customer base saying: “As the voyage comes to an end, we want to take a moment to express our gratitude to our customers and our entire team for allowing Huihui to be a part of your lives.”

Outrigger today announced that Maui Brewing Co. will be the primary restaurant at the Outrigger Kā‘anapali Beach Resort.

“Set to open later this summer, the beachfront space will further enhance the allure of the resort, offering a family-friendly dining experience for breakfast, lunch and dinner as well as live music,” according to the Outrigger announcement.

According to the Outrigger announcement, the resort plans to continue providing cultural programming for all guests, as well as sustainability measures to protect and preserve the shores of Kā‘anapali Beach.

The company’s global Outrigger Zone initiative includes offering complimentary reef-safe sunscreen from its partner Raw Elements, as well as metal water bottles and reusable bags at check-in for guests to practice sustainability. 

Outrigger Kā‘anapali Beach Resort will be added to the company’s Outrigger Discovery loyalty program, which rewards guests with exclusive member rates and Discovery Dollars for staying at Outrigger, as well as more than 800 hotels in the GHA Discovery portfolio.

For more information, visit outrigger.com.

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Central Pacific Financial reports 2nd Quarter earnings of $14.5M https://mauinow.com/2023/07/26/central-pacific-financial-reports-2nd-quarter-earnings-of-14-5m/ https://mauinow.com/2023/07/26/central-pacific-financial-reports-2nd-quarter-earnings-of-14-5m/#respond Wed, 26 Jul 2023 18:11:09 +0000 https://admin.mauinow.com/?p=422348
Rendering of new Kahului branch interior. (PC: Central Pacific Bank)

Central Pacific Financial Corp., parent company of Central Pacific Bank, today reported net income for the second quarter of 2023 of $14.5 million, or fully diluted earnings per share of $0.53. This is compared to net income of $16.2 million, or EPS of $0.60 in the previous quarter and net income of $17.6 million, or EPS of $0.64 in the year-ago quarter.

“Central Pacific delivered solid results during the second quarter and further strengthened our balance sheet, liquidity and capital positions,” said Arnold Martines, President and Chief Executive Officer. “We were successful in growing deposits by focusing on the needs of our long-time personal and business customers as well as attracting new relationships. We will continue our focus on building liquidity and ensuring strong credit quality while we navigate the current economic environment.”

Some highlights include the following:

  • Net income of $14.5 million, or $0.53 per diluted share for the quarter.
  • ROA of 0.78% and ROE of 12.12% for the quarter.
  • Total loans of $5.52 billion decreased by $36.7 million in the second quarter.
  • Total deposits of $6.81 billion increased by $58.8 million in the second quarter. Core deposits of $5.98 billion increased by $10.1 million, or 0.2% in the second quarter. 65% of total deposits are FDIC-insured or fully collateralized as of June 30, 2023.
  • Solid liquidity position with $311.0 million in cash on balance sheet and $2.71 billion in total other liquidity sources, including available borrowing capacity and unpledged investment securities as of June 30, 2023.
  • Ratio of total available sources of liquidity to uninsured and uncollateralized deposits was 128% as of June 30, 2023.
  • Leverage capital, tier 1 risk-based capital, total risk-based capital, and common equity tier 1 ratios improved to 8.7%, 11.8%, 13.9%, and 10.9%, respectively, in the second quarter, compared to 8.6%, 11.5%, 13.6%, and 10.6% in the first quarter.
  • Board of Directors approved quarterly cash dividend of $0.26 per share.

Pre-provision net revenue, or net income excluding provision for credit losses and income taxes, totaled $23.3 million in the second quarter of 2023, compared to PPNR of $23.1 million in the previous quarter and $24.8 million in the year-ago quarter. Net income and PPNR in the year-ago quarter included an $8.5 million non-recurring gain on sale of Class B shares of Visa, partially offset by a $4.9 million non-recurring, non-cash settlement charge related to the termination and settlement of the defined benefit pension plan.

Earnings Highlights

Net interest income for the second quarter of 2023 was $52.7 million, which decreased by $1.5 million, or 2.7% from the previous quarter, and decreased by $0.2 million, or 0.5% from the year-ago quarter. The sequential quarter decrease in net interest income is primarily due to increases in average balances and rates paid on interest-bearing deposits, which outpaced the increases in average loan balances and loan yields.

Net interest margin for the second quarter of 2023 was 2.96%, which decreased by 12 basis points (“bps”) from the previous quarter and decreased by 9 bps from the year-ago quarter. The sequential quarter decrease in NIM is primarily due to higher rates paid on deposits, which outpaced the increase in loan yields.

In the second quarter of 2023, the Company recorded a provision for credit losses of $4.3 million, compared to a provision of $1.9 million in the previous quarter and a provision of $1.0 million in the year-ago quarter. The provision in the second quarter consisted of a provision for credit losses on loans of $4.1 million and a provision for credit losses on off-balance sheet credit exposures of $0.2 million.

Other operating income for the second quarter of 2023 totaled $10.4 million, compared to $11.0 million in the previous quarter and $17.1 million in the year-ago quarter. The decrease from the previous quarter was primarily due to lower income from fiduciary activities of $0.3 million and lower income recovered on nonaccrual loans previously charged-off of $0.2 million (included in other). Other operating income in the year-ago quarter included the aforementioned $8.5 million gain on the sale of Class B common stock of Visa.

Other operating expense for the second quarter of 2023 totaled $39.9 million, compared to $42.1 million in the previous quarter and $45.3 million in the year-ago quarter. The decrease in other operating expense was primarily due to lower salaries and employee benefits of $1.2 million and lower legal and professional services of $0.4 million. Other operating expense in the year-ago quarter included the aforementioned non-cash settlement charge of $4.9 million related to the termination and settlement of the bank’s defined benefit pension plan.

The efficiency ratio for the second quarter of 2023 was 63.17%, compared to 64.58% in the previous quarter and 64.68% in the year-ago quarter.

The effective tax rate for the second quarter of 2023 was 23.6%, compared to 23.8% in the previous quarter and 26.0% in the year-ago quarter.

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Senate Ways and Means Committee to tour Maui and Molokaʻi facilities https://mauinow.com/2023/07/25/senate-ways-and-means-committee-to-tour-maui-and-moloka%ca%bbi-facilities/ https://mauinow.com/2023/07/25/senate-ways-and-means-committee-to-tour-maui-and-moloka%ca%bbi-facilities/#respond Wed, 26 Jul 2023 01:22:54 +0000 https://admin.mauinow.com/?p=422322
Kahului Airport. File PC: Wendy Osher

The Senate Ways and Means Committee will visit Maui on Wednesday into Thursday, July 26-27, and Molokaʻi on Thursday and Friday, July 27-28, 2023.

While on Maui, the Senate Ways and Means Committee will visit Kahului Airport, Maui Nui Venison, Kahului Civic Center, University of Hawaiʻi Maui College, and Maui utility sites. The visits will be made in conjunction with the Department of Land and Natural Resources, Hawaiʻi State Energy Office and the Public Utilities Commission. 

This Maui visit will include presentations highlighting a need for inter-modality in airports, harbors, and highways, master plan improvements to facilitate regional economic development mobility plan and neighbor island connectivity, and Division of Conservation and Resources Enforcement personnel expansion. 

On Thursday, July 27, The Senate Ways and Means Committee will visit the Haggai Institute and Kūlanihākoʻi High School. These site visits will be held in partnership with the Department of Education, County of Maui, and the Department of Business, Economic Development, and Tourism. During the stop at Kūlanihākoʻi HS, the committee will be joined by the Kaho‘olawe Island Reserve Commission and the Office of Hawaiian Affairs to discuss the vision and future of Kahoʻolawe upon its transfer to a US and State-recognized Sovereign Entity.  

Section 6K-9, Hawaiʻi Revised Statutes states, “Upon its return to the State, the resources and waters of Kaho‘olawe shall be held in trust as part of the public land trust; provided that the State shall transfer management and control of the island and its waters to the sovereign native Hawaiian entity upon its recognition by the United States and the State of Hawaii. All terms, conditions, agreements, and laws affecting the island, including any ongoing obligations relating to the clean-up of the island and its waters, shall remain in effect unless expressly terminated.” 

On Thursday and Friday, the Senate Ways and Means Committee will visit Molokaʻi Airport, the Department of Hawaiian Home Lands homesteads in Hoʻolehua, and Kalaupapa. 

These visits will be a culmination of presentations and oversights of continued improvement projects in partnership with the Department of Land and Natural Resources, the Department of Education and DHHL. 

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Hawaiʻi Tourism Authority to resume work in Europe as a visitor market for Hawaiʻi https://mauinow.com/2023/07/25/hawai%ca%bbi-tourism-authority-to-resume-work-in-europe-as-a-visitor-market-for-hawai%ca%bbi/ https://mauinow.com/2023/07/25/hawai%ca%bbi-tourism-authority-to-resume-work-in-europe-as-a-visitor-market-for-hawai%ca%bbi/#respond Wed, 26 Jul 2023 00:29:27 +0000 https://admin.mauinow.com/?p=422319 The Hawai‘i Tourism Authority, the state agency responsible for managing tourism and The Hawaiian Islands brand, is resuming its work in Europe as a visitor market for Hawai‘i. HTA has issued a Request for Proposals to procure visitor education and brand management and marketing services for the Europe major market area.

As part of its strategic plan, HTA began providing support in the Europe market in 1998 when the organization was established. Due to the global COVID-19 pandemic, HTA ended its contract for Europe in 2020 when tourism was at a near standstill.

In 2019, visitors from Europe spent $268.1 million, generating $31.29 million in state tax revenue (directly, indirectly and induced) for Hawai‘i, according to the HTA.

HTA, with the support of its board of directors, will resume its focus on Europe in 2024 with a new contract that will complement the current visitor education, brand management and marketing efforts of HTA’s Global Marketing Team in the United States, Canada, Japan, Korea, China and Oceania (Australia and New Zealand).

This decision was based on input from HTA’s leadership team and Hawai‘i industry partners, as well as data from the Tourism Economics Marketing Allocation Platform, which synthesizes information and provides recommendations based on realizable return, market costs, market risks, and constraints.

Another key emphasis will be to drive visitor spending into Hawai‘i-based businesses as a means to support the economy, including supporting local businesses, festivals and events; purchasing Hawaiʻi-grown agricultural products; and promoting Hawai‘i-made products in-market in partnership with HTA, the state’s Department of Business, Economic Development & Tourism, and the private sector.

The brand marketing will be targeted to mindful travelers with an emphasis on lifetime trip expenditures and increasing per person, per day expenditures in alignment with the Key Performance Indicators established in HTA’s 2020-2025 Strategic Plan: increased average daily visitor spending, increased total visitor spending, increased visitor satisfaction, and increased resident sentiment toward tourism.

The contract will commence on Jan. 1, 2024, and will end on Dec. 31, 2025, with an option to extend for an additional three years or parts thereof. 

Interested applicants are strongly encouraged to participate in HTA’s pre-proposal conference via Zoom to be briefed on the procurement process and to ask questions. The pre-proposal conference will be held at 8 a.m. HST on July 28. Proposals are due to HTA by 2 p.m. HST on Aug. 25.

HTA will use the Hawaiʻi State eProcurement System (HIePRO) at hiepro.ehawaii.gov to issue the RFP, receive all offers, and issue any addenda to the RFP. Inquiries regarding the RFP should be directed to procurement@gohta.net.

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Hawaiʻi Medical Service Association celebrates 85 years https://mauinow.com/2023/07/24/hawai%ca%bbi-medical-service-association-celebrates-85-years/ https://mauinow.com/2023/07/24/hawai%ca%bbi-medical-service-association-celebrates-85-years/#respond Mon, 24 Jul 2023 20:16:44 +0000 https://admin.mauinow.com/?p=422223
New HMSA center in Kahului, Maui. PC: HMSA

The Hawaiʻi Medical Service Association celebrates its 85th anniversary of serving its members and the state of Hawaiʻi.

“For generations, HMSA has been an invaluable community asset for Hawaiʻi,” said HMSA President and CEO Mark M. Mugiishi, M.D., F.A.C.S. “People here grow up with HMSA. It’s the safety and security of knowing you’re going to be taken care of when you need it most. HMSA is a mainstay in the community and continues to enable healthier lives for the people of Hawaiʻi.”

HMSA was founded in 1938 by social workers to assist those who were unable to afford health care. It started when Margaret Catton, a nurse, proposed to the Territorial Conference of Social Workers the creation of a nonprofit community-based organization through which members could pool their money to leverage prepaid health care coverage. With that, HMSA was born.

“Very few things last more than eight decades,” said Dr. Mugiishi. “The commitment of HMSA employees in making healthier lives in Hawaiʻi possible has been the cornerstone of the organization’s continued success. I appreciate their commitment to dedicating their lives to bring better health to Hawaiʻi.”

On June 1, 1938, HMSA opened its doors with 671 members, mostly teachers and social workers. Today, HMSA covers more than 780,000 people.

Over the past 85 years, HMSA has navigated many changes in the industry, including uncertainty during World War II, and when a catastrophic tsunami hit Hilo on April 1, 1946 — the same day HMSA opened its Hawaii Island office on the Hilo waterfront. 

HMSA began contracting with Med-QUEST for Medicare-eligible members in the 1990s. In the 2010s, HMSA implemented the Affordable Care Act and helped employers, members, and providers understand the law’s complex provisions. And most recently, HMSA provided COVID-19-related support to members, employers, providers, and communities, which totaled more than $175 million in financial relief, according to the health plan.

HMSA employs nearly 1,300 individuals, and serves 780,000 members. The network in Hawaiʻi consists of 7,500 physicians, 28 urgent care providers, three health systems, 23 hospitals, 223 pharmacies, and nine provider organizations.

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Hawaiʻi Off Grid moving state towards net zero building https://mauinow.com/2023/07/23/hawai%ca%bbi-off-grid-moving-state-towards-net-zero-building/ https://mauinow.com/2023/07/23/hawai%ca%bbi-off-grid-moving-state-towards-net-zero-building/#respond Sun, 23 Jul 2023 18:00:00 +0000 https://mauinow.com/?p=421905
 Earlier this year, Hawaiʻi Off Grid received the award for the Top Small Business in Maui County. (PC: Hawaiʻi Off Grid)

Hawaiʻi Off Grid is one of the state’s premier multidisciplinary firms with over 60 years of combined experience and 20 years of off-grid and remote location knowledge. They focus on both residential and commercial architectural, civil and structural engineering, and offer permitting expertise as well as in-depth sustainability consulting and design services. 

The building industry currently creates roughly 37% of global carbon emissions, and given Hawaiʻi Off Grid’s unique skill set, they are in a position to play an outsized role in reducing those emissions.

One Hawaiiʻ Off Grid project currently under construction is the Kupono Hale, which aims to mitigate its carbon emissions and support the community by utilizing passive design principles and sourcing local materials and labor. (PC: Hawaiʻi Off Grid)

The firm’s protocols currently mandate that all buildings operate at net zero, meaning that once built, the buildings will not be responsible for any carbon emissions. All energy needed will be produced on-site, giving control to the homeowner, relieving the dependency on the grid.

Hawaiʻi Off Grid is currently expanding their approach to include embodied carbon, which are the carbon emissions created from the construction of the building and its materials. The firm is utilizing carbon positive materials, such as mass timber, and is currently researching methods of recording embodied emissions for their projects.

Kupono Hale is completely off-grid in both energy and water, with enough energy to intelligently support the dwelling and electric vehicles. (PC: Hawaiʻi Off Grid)

Hawaiʻi Off Grid’s designs always begin with the site, according to company representatives. They study the topography, the path of the sun, the prominent direction and behavior of the wind, and the annual rainfall at each site they work with- the operative word here being ‘with’, as they believe that in order for architecture to be successful, it must respond to the climate and location that it is in. It must work with the site, not against it. 

Founder and president of Hawaiʻi Off Grid, David Sellers believes, “By keeping your energy off the grid, using a combination of Hawaiʻi’s renewable energy sources and green technology, you will not only save money, but you will save needless waste of carbon. Not only is it the right thing for your wallet but we believe this is the right thing for our community and Hawaiʻi’s future.” 

It was recently announced that David Sellers, president and founder will be the new President Elect of the Maui Chapter of the American Institute of Architects. Earlier this year, Hawaiʻi Off-Grid also received the award for the Top Small Business in Maui County. The Small Business Administration recognizes the top small businesses in each state and territory every year, along with special awards for the top companies run by women, veterans, families, and young entrepreneurs. 

This award was given to the Hawaiʻi Off Grid for its impact on the community with its net zero building model along with other environmental programs and nonprofits like the Blue Planet Foundation and the Leeward Haleakalā Watershed Restoration Project, Mālama Maui Nui, and others. 

One Hawaiiʻ Off Grid project currently under construction is the Kupono Hale, which aims to mitigate its carbon emissions and support the community by utilizing passive design principles and sourcing local materials and labor.

Kupono Hale is completely off-grid in both energy and water, with enough energy to intelligently support the dwelling and electric vehicles. The walls are constructed of Insulated Composite Concrete Forms made from recycled Styrofoam. The roof structure is made of glulam beams with locally sourced Cook Pine as the roof decking and interior ceiling. The roof has a parabolic curve that is derived from rotating the ridge beam to respond to the sun’s path while allowing the rest of the dwelling to align with the view and prevailing winds. 

To learn more or view past projects, visit: https://www.hawaiioffgrid.com/

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New study explores carbon economy in Hawai‘i by 2045 https://mauinow.com/2023/07/22/new-study-explores-carbon-economy-in-hawaii-by-2045/ https://mauinow.com/2023/07/22/new-study-explores-carbon-economy-in-hawaii-by-2045/#respond Sat, 22 Jul 2023 22:00:00 +0000 https://mauinow.com/?p=422014
South Maui Renewables Resources, Construction racking. (PC: Hawaiian Electric Company, Maui)

A new study commissioned by Hawaiian Electric explores pathways to a net-zero carbon economy by 2045 and makes clear that major technological advances, especially in sustainable fuels and carbon-capture, and reaching consensus on land-use policy are some of what is required for Hawai‘i to fully decarbonize over the next 22 years

State law mandates a 50% reduction in greenhouse gas emissions by 2030 compared to 2005
levels and for Hawai‘i to be net-zero by 2045. With time running short to meet these targets, the new pathways study advises that aggressive actions will need to be underway by 2030 to create a glide path to full decarbonization that is less steep than if actions are delayed.

(File photo)
Hawaiian Electric will be seeking proposals as part of a competitive bidding process for a wide array of renewable energy and capacity resources on Maui that includes wind, solar, biomass and biofuels. Photo Credit: Cammy Clark

“This study is the first of its kind for Hawai‘i and we commissioned it to understand the scale of
decarbonization required in every sector of our economy and the scope of work needed to be
successful over the next two decades,” said Shelee Kimura, president and CEO of Hawaiian
Electric. “We want to ensure we deliver on our part in this interdependent effort for our state.”

“Renewable energy is required but that alone doesn’t get Hawai‘i to the finish line. The study confirms that success requires contributions from every individual and every industry. We’ve made a lot of progress already by working together and we offer this report to policymakers, researchers, planners, businesses, organizations and individuals as a conversation starter and as a resource for creating action plans across all sectors of our economy,” said Kimura.

Using data collected from the five islands served by Hawaiian Electric, the analysis charts the
sources of emissions tracked by the state’s greenhouse gas inventory, including electricity,
aviation, vehicles, industry, buildings, agriculture and waste. Electricity generation accounts for
27% of emissions. Transportation generates 48% of emissions, including aviation, ground,
marine and military uses, compared to 28% for the rest of the US, highlighting one of the
unique challenges to decarbonizing the island economy.

The study finds that energy efficiency and reducing the demand for energy are “crucial” in
achieving short- and medium-term emission reductions and reducing the amount of land that will be needed for future renewable energy projects.

Hawaiian Electric worked with Energy and Environmental Economics, a nationally
recognized consulting firm that has conducted similar studies for the California Energy
Commission, the US Climate Alliance and many utilities and government agencies.

“Hawai‘i Pathways to Net Zero – an Initial Assessment of Decarbonization Scenarios” builds on Hawaiian Electric’s Climate Change Action Plan, which commits to reducing greenhouse gas emissions from its operations 70% by 2030 compared with 2005 levels. The study isn’t intended to suggest approaches to achieving net zero but explores what might be needed in terms of energy infrastructure, technology adoption and supportive public policies.

In 2022, the Legislature tasked the State Energy Office with undertaking a similar study to
“analyze pathways and develop recommendations for achieving the state’s economy-wide
decarbonization goals.” Hawaiian Electric has provided its pathways study to the state and key
policymakers as a potential resource to help inform the state’s work.

“Hawaiian Electric deserves credit for taking a holistic view of carbon impacts among all sectors in its Pathways to Net Zero study that can serve as a basis to inform future policies and
actions,” said said Mark Glick, the state’s chief energy officer. “With the State Energy Office’s
intention to also investigate energy costs, sectoral workforce impacts and recommendations for next steps, the back-to-back decarbonization analyses might be considered a one-two punch to counter the harmful effects of carbon-intensive energy in Hawai’i.”

Hawaiian Electric commissioned the study to advance its Climate Change Action Plan. The
study explores the utility’s role in decarbonizing the economy and how its targets align with
actions in other sectors. Hawaiian Electric asked Energy and Environmental Economics to develop long-term, economywide decarbonization scenarios that would show how Hawai‘i’s 2045 target could be achieved.

Key findings of the pathways study that could drive action:

  • Renewable electricity generation is necessary but not sufficient by itself to meet Hawai‘i’s decarbonization goals.
  • The electrification of transportation and industry will significantly increase the amount of electricity that needs to be generated. Demand for power would at least double by 2045.
  • Electrification is a key driver in decarbonization of ground transportation but in aviation and marine transportation decarbonized fuels will be required.
  • Even with 70% electricity decarbonization and ambitious efforts in other sectors to achieve statutory greenhouse gas reduction targets, more aggressive near-term actions will likely be required to hit the state’s 2030 target of 50% GHG reductions.
  • Carbon dioxide removal – also called carbon sequestration – will be required to achieve net zero, either through increased natural sinks or negative emissions technologies.
  • Energy efficiency and conservation are crucial in supporting the net zero goal by reducing
    the amount of renewable electricity and fuels that must be procured.

“Hawai‘i Pathways to Net Zero – an Initial Assessment of Decarbonization Scenarios” is
available at hawaiianelectric.com/decarbonization

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Maui hotels led the counties in June 2023 Hotel Performance Report for RevPAR, ADR https://mauinow.com/2023/07/22/maui-hotels-led-the-counties-in-june-2023-hotel-performance-report-for-revpar-adr/ https://mauinow.com/2023/07/22/maui-hotels-led-the-counties-in-june-2023-hotel-performance-report-for-revpar-adr/#respond Sat, 22 Jul 2023 17:20:40 +0000 https://admin.mauinow.com/?p=422091
Hāna-Maui Resort. PC: Wendy Osher

Maui County hotels led the counties in June 2023, bringing in the highest revenue per available room and average daily rate, according to the Hawai‘i Hotel Performance Report published by the Hawai‘i Tourism Authority.

Maui achieved RevPAR of $419 (-8.7% vs. 2022, +31.9% vs. 2019), with ADR at $623 (-3.8% vs. 2022, +58.1% vs. 2019).

Maui Countyʻs occupancy rate was lower than all other counties at 67.2% (-3.6 percentage points vs. 2022, -13.4 percentage points vs. 2019). 

The data also included information on luxury resort areas of Maui, including Wailea and Kā‘anapali.

  • Maui’s luxury resort region of Wailea had RevPAR of $624 (-5.1% vs. 2022, +11.1% vs. 2019), with ADR at $939 (-8.6% vs. 2022, +52.3% vs. 2019) and occupancy of 66.5% (+2.4 percentage points vs. 2022, -24.6 percentage points vs. 2019). 
  • The Lahaina/Kā‘anapali/Kapalua region had RevPAR of $391 (-9.3% vs. 2022, +44.9% vs. 2019), ADR at $565 (-3.1% vs. 2022, +70.0% vs. 2019) and occupancy of 69.3% (-4.7 percentage points vs. 2022, -12.0 percentage points vs. 2019).

The Hawaiʻi Tourism Authority also released data for all other cunties:

Kaua‘i:

  • RevPAR of $325 (-6.3% vs. 2022, +55.8% vs. 2019)
  • ADR at $434 (+3.3% vs. 2022, +54.8% vs. 2019)
  • Occupancy of 74.8% (-7.7 percentage points vs. 2022, +0.5 percentage points vs. 2019).

Hawaiʻi Island:

  • RevPAR at $286 (-9.7% vs. 2022, +46.5% vs. 2019)
  • ADR at $410 (-3.5% vs. 2022, +64.8% vs. 2019)
  • Occupancy of 69.7% (-4.8 percentage points vs. 2022, -8.7 percentage points vs. 2019). 

O‘ahu:

  • RevPAR of $242 (+10.5% vs. 2022, +13.0% vs. 2019)
  • ADR at $291 (+3.2% vs. 2022, +20.0% vs. 2019)
  • Occupancy of 82.9% (+5.5 percentage points vs. 2022, -5.1 percentage points vs. 2019). 

Hawai‘i hotels statewide reported slightly lower revenue per available room but slightly higher occupancy in June 2023 compared to June 2022. Average daily rate was lower than last year. When compared to pre-pandemic June 2019, statewide ADR and RevPAR were higher in June 2023 but occupancy was lower, according to the report.

Statewide:

  • RevPAR in June 2023 was $298 (-0.8%)
  • ADR at $389 (-2.0%)
  • occupancy of 76.7% (+0.9 percentage points) compared to June 2022. 

Compared with June 2019, RevPAR was 26.6% higher, driven by higher ADR (+38.6%) which offset lower occupancy (-7.3 percentage points), according to the HTA.

The report’s findings utilized data compiled by STR, Inc., which conducts the largest and most comprehensive survey of hotel properties in the Hawaiian Islands. For June 2023, the survey included 154 properties representing 46,622 rooms, or 83.3% of all lodging properties with 20 rooms or more in the Hawaiian Islands, including those offering full service, limited service, and condominium hotels. Vacation rental and timeshare properties were not included in this survey.

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Monica Takamura named Chief Fiscal Officer at MEO https://mauinow.com/2023/07/21/monica-takamura-named-chief-fiscal-officer-at-meo/ https://mauinow.com/2023/07/21/monica-takamura-named-chief-fiscal-officer-at-meo/#respond Sat, 22 Jul 2023 01:23:00 +0000 https://admin.mauinow.com/?p=422074
Monica Takamura.

Maui Economic Opportunity has named Monica Takamura as its new Chief Fiscal Officer. The nonprofit has an annual budget of about $22 million.

Takamura took over for retiring CFO Debbie Lorenzo on June 18. She has the responsibility of managing and monitoring the finances of the 58-year-old nonprofit with more than 40 programs and 220 staff on Maui, Moloka‘i and Lānaʻi.

This includes shepherding her eight-member team, managing audits, grants, budgets and payroll and working with MEO’s five departments on fiscal matters.

Through her 25 years at MEO, Takamura worked her way up through the Fiscal Department from Accountant in 1998 to Accounting Manager in 2017, working directly under Lorenzo. Her rise included positions as Assistant Fiscal Officer, Budget Specialist and Senior Accountant. In September 2022, Takamura was named Fiscal Director, a transitional position to her becoming CFO.

Lorenzo remained with MEO until July 14 to assist with the transition, ending her 16 years as CFO and 31 years with MEO.

Takamura joined MEO from Tri-Isle, Inc., where she was a bookkeeper. She earned her Bachelor of Business Administration with an emphasis on accounting from the University of Hawaiʻi-Mānoa.

“Fiscal integrity, soundness and transparency are cornerstones of a thriving and trustworthy nonprofit organization,” said CEO Debbie Cabebe. “If grantors and donors are going to give you money, they have to know that the funds will be used wisely and according to their terms.

“MEO has a reputation of clean audits and abiding by often complex federal, state and county guidelines and reporting, which attests to Debbie Lorenzo’s leadership. Monica worked under Debbie, and she will continue that tradition of fiscal management.”

Cabebe noted that MEO has a GuideStar Gold Transparency Seal and is an accredited Better Business Bureau nonprofit agency.

“MEO has grown many of its senior leaders, and Monica is just another example,” said Cabebe. “Monica will do a great job.”

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Marriott’s Maui Ocean Club + Clean The World host hygiene kit building day https://mauinow.com/2023/07/21/marriotts-maui-ocean-club-clean-the-world-host-hygiene-kit-building-day/ https://mauinow.com/2023/07/21/marriotts-maui-ocean-club-clean-the-world-host-hygiene-kit-building-day/#respond Fri, 21 Jul 2023 22:48:21 +0000 https://admin.mauinow.com/?p=422010
Marriott’s Maui Ocean Club

Marriott’s Maui Ocean Club in Lahaina is taking action on Monday, July 24, with a resort-wide Hygiene Kit Building Day in partnership with the Hawaiʻi Department of Health to benefit seniors at Hale Mahaolu. 

Associates, owners and guests will be able to pack hygiene kits filled with soap, toothpaste and other critical hygiene products.

Marriott’s Maui Ocean Club in partnership with the Clean the World program, recycled more than 900 pounds of plastic waste, and donated nearly 300 bars of soap to people who lack access to hygiene products.

For more than a decade, the partnership has put reconstructed soap and hygiene kits in the hands of people who need them most. The effort aims to improve hygiene and sanitation conditions, to reduce the impact of disease, and to promote better hygiene and living conditions.

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