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2024-04-02 PL-CCI-2024-000003 Bill 121 Penny Lee Testimony
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2024-04-18 Leeward
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#7 County Council Initiated - Bill No. 121 (PL-CCI-2024-000003)
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2024-04-02 PL-CCI-2024-000003 Bill 121 Penny Lee Testimony
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Bill 121 Penny Lee Testimony
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4.The big green pie chart with table below "Property Operator Groups by Revenue by Portfolio Size",this is for the Big <br /> Island: <br /> 5,253 Hosts or 46%of all Hosts have 1-3 vacation rentals listed (portfolio size) <br /> Interesting, lots of small-scale operators, we have heard otherwise. Also adding up the column "Properties" results in <br /> 11,420 total number of properties.That again includes condohotel, resort units etc and duplicates.The last line in the <br /> table again is questionable, a "0" host has 8170 properties and makes$545 Billion Dollars, nah. But of course if you add <br /> that weird line,than you get to the 19,655 properties Stephanie Donoho cites. <br /> Gross Revenue by Properties Under Managem... <br /> 575CnA ■IOO-267 <br /> 10-19 <br /> 20-45 <br /> 2--3 <br /> 4--9 <br /> w 50-91 <br /> e 170--9170 <br /> 5550B <br /> Property Operator Groups by Revenue by Port.,. <br /> Portfolio <br /> Bin PORTED... <br /> Group Hosts SIZE Gross Revenvre Properties <br /> 2 3,228 1-1 $61,948,623.41 3,220 <br /> 3 888 2-3 $97,856,290.27 2,025 <br /> 4 310 4-9 $153,965,754.18 1,686 <br /> 5 54 10--19 $145,583,568.01 730 <br /> 6 43 20-45 $576,382,144.11 1,334 <br /> 7 12 50--91 $752,687,862.38 777 <br /> 8 11 100-267 $5,4".339,246,20 1,640 <br /> 9 0 8170- ... $545,833,050,991.13 8,235 <br /> S. Stephanie Donoho then compares the number of 2,915 "hotel rooms", only counting just the hotels on the Kohala <br /> coast she represents, with the inflated island wide number of 19,000 "vacation rentals". <br /> For comparison:The Hawaii Tourism Authority HTA 2023 Visitor Plant Inventory states "Hotels continued to comprise the <br /> bulk of Hawai'i Island's visitor plant inventory(5,735 units) [Figure 6]." It also shows an additional 1,971 timeshares.That <br /> is 7,706 units.The HTA report has no data on how many condos and vacation rentals are in resorts. <br />
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