AirBNB Occupancy -Maui / Napili
Hello,
My wife and I are contemplating doing a STR in Maui. We have done some preliminary research on AirDNA.co and it looks like Napili region is strong at the moment. There are some older properties there we'd consider picking up, re-habing and then letting in the STR market. We're evaluating properties in the $400-500k range and targeting 10% of purchase price additional for rehab. 2 bedroom condo / apartments seem to be what's on offer.
I'm wondering from people who are currently doing this in the area, what the occupancy trends look like right now? I am starting to see some articles on the web around saturation for AirBNB in core markets:
https://skift.com/2017/11/15/airbnb-growth-story-h...
FWIW AirDNA is showing a pretty steady increase in the supply of units in the last year.
Can anyone with concrete knowledge of current market conditions share some insight?