Changing restrictions impact on occupancy rates
My brother and I are looking to invest in a rental property in Waikiki. It’s a first property for both of us, and we’ve only recently started exploring the market. I’m looking for some advice from those who have been around this market a bit longer, particularly concerning expectations following recent regulatory changes. On one hand, I could see how funneling nearly all visitors to the island toward the Waikiki area could help rentals in the area. But I’m not sure if this could be a sign of further changes to come in an effort to funnel tourist traffic into the resorts. What is the general sentiment of those who have been around the market for awhile regarding the impact of these regulatory changes on long term rental outlook? Thanks in advance!