Honolulu, HI Airbnb Market Data, Statistics, and Occupancy Rates

Honolulu Short-Term Rental Market Overview

Honolulu's short-term rental market blends year-round tropical tourism demand with a sizable inventory of over 3,592 active listings, generating an average annual revenue of $44,395 per property. While average home values sit near $1,495,479 — placing pressure on the revenue-to-price ratio — above-average occupancy stability at 63% and an ADR of $225 give investors a dependable income floor. The market's ROI score of 62 out of 100 reflects an attractive opportunity where steady visitor demand partially offsets Hawaii's premium property costs.

Key Market Statistics

According to Rabbu market data, the Honolulu short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Honolulu

Honolulu attracts STR investors because its world-class resort destination status generates consistent leisure demand year-round, partially offsetting the high cost of entry.

Expert Market Assessment

"Honolulu represents an attractive but capital-intensive STR opportunity, scoring 62 out of 100 on Rabbu's ROI scale. Revenue performance shows a healthy seasonal pattern with peaks in August ($4,275) and January ($4,051), while softer months like November ($3,168) still deliver meaningful income — the spread between best and worst months is only about 35%, indicating manageable seasonality for a leisure market. The below-average revenue-to-price ratio is the primary headwind, as properties averaging nearly $1.5M require substantial capital commitment relative to $44,395 in average annual revenue. That said, investors targeting 2- and 3-bedroom properties can significantly improve returns, with those configurations earning $92,741 and $102,784 annually."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Honolulu

Average revenue by month in Honolulu

Honolulu displays a dual-peak seasonality with August ($4,275) and July ($4,229) leading summer, and January ($4,051) and February ($4,040) anchoring winter demand — while November ($3,168) and October ($3,225) represent the softest months. The roughly $1,100 spread between peak and trough months suggests moderate seasonality that's manageable for investors with consistent pricing strategies.

Active Airbnb listings by property size in Honolulu

The Honolulu STR market is overwhelmingly weighted toward smaller units, with 1-bedroom listings (1,874) and studios (1,174) accounting for roughly 85% of all supply. Larger configurations are notably scarce — only 74 three-bedroom and 20 four-bedroom listings exist — which may signal reduced competition and a potential opportunity for investors targeting higher-revenue multi-bedroom properties.

Average daily rate (ADR) by property size in Honolulu

ADR in Honolulu scales sharply with property size, jumping from $162 for studios to $404 for 2-bedrooms and $588 for 3-bedrooms, with 6+ bedroom properties commanding $1,768 per night. The steepest value jump occurs between 1-bedroom ($200) and 2-bedroom ($404) units, suggesting the 2-bedroom segment offers a strong premium relative to the incremental investment.

Average RevPAN by property size in Honolulu

Three-bedroom properties deliver the highest RevPAN among standard configurations at $387, well ahead of 2-bedrooms at $249 and 1-bedrooms at $127. The 6+ bedroom category leads overall at $965 RevPAN, though with only 5 active listings, that segment is too thin to draw broad conclusions from — making 2- and 3-bedroom units the most reliable revenue-per-night performers at scale.

Average occupancy rates by property size in Honolulu

Occupancy rates remain remarkably consistent across most property sizes, ranging from 62% to 66%, with 3-bedrooms topping the list at 66% and 1-bedrooms close behind at 64%. The notable exceptions are 5-bedroom (35%) and 4-bedroom (58%) properties, where lower occupancy reflects narrower demand pools for larger group accommodations.

Average monthly revenue by property size in Honolulu

Monthly revenue climbs significantly with property size: studios average $2,910, 1-bedrooms earn $3,754, and 2-bedrooms nearly double that at $7,728 per month. Three- and four-bedroom units perform similarly at $8,565 and $8,617 respectively, suggesting that the revenue ceiling for standard properties plateaus around the 3-bedroom mark unless investors can access the ultra-premium 6+ bedroom tier ($20,276/month).

Average annual revenue by property size in Honolulu

Two-bedroom properties generate approximately $92,741 annually — nearly triple the $34,931 earned by studios — while 3-bedroom and 4-bedroom units push past the $100,000 mark at $102,784 and $103,408 respectively. Given the scarcity of larger listings in Honolulu's supply, investors targeting 2- to 4-bedroom properties are positioned to capture outsized revenue in a less competitive segment.

Most common amenities for Airbnb listings in Honolulu

Kitchens (90%), parking (86%), and laundry facilities (washer 80%, dryer 76%) are near-universal across Honolulu listings, signaling that guests expect home-like convenience alongside a resort feel. Pool access (70%) and self check-in (75%) are also prevalent, while beach access at 30% and hot tubs at 31% represent differentiators that could help properties stand out in a crowded market.

Understanding Honolulu's ROI Score: 62/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Honolulu's ROI score of 62 out of 100 places it in the 'Attractive Opportunity' band, reflecting a market where above-average occupancy stability and balanced supply-demand dynamics help offset a below-average revenue-to-price ratio driven by Hawaii's premium property values. Market growth trends and supply-demand balance both rate as average, suggesting the market is neither overheated nor stagnating. Investors should pair these metrics with thorough local regulatory research — particularly around Honolulu's evolving permit landscape — to build a realistic return model before committing capital.

Short-Term Rental Regulations in Honolulu

Understanding local STR regulations is essential before investing in Honolulu. Here's the current regulatory landscape:

Permit Requirements

The City and County of Honolulu requires short-term rental operators to obtain proper permits or registrations before listing a property, and Hawaii state law may impose additional licensing requirements. Investors should verify current permit availability and application procedures directly with the city's Department of Planning and Permitting, as rules have evolved in recent years.

Key Restrictions

Common restrictions in Honolulu include caps on the number of STR permits issued in certain zones, minimum stay requirements, occupancy limits tied to property size, and noise and parking regulations. Many residential condominiums also impose their own HOA rules that may prohibit or restrict short-term rentals, so reviewing association bylaws before purchasing is essential.

Tax Obligations

Short-term rental hosts in Hawaii are generally subject to the state's Transient Accommodations Tax (TAT) and General Excise Tax (GET), along with any applicable county surcharges. Major booking platforms typically collect and remit some of these taxes on behalf of hosts, but operators should confirm their specific filing obligations with the Hawaii Department of Taxation.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Honolulu can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Honolulu's STR market is expected to maintain its seasonal rhythm, with peak summer months (July–August) and winter holidays continuing to drive the strongest revenues. ADR growth of roughly 1–3% is a reasonable estimate given average market growth trends, while occupancy rates should hold in the 60–65% range. The 130% year-over-year increase in active listings signals rising investor interest, which could temper per-listing revenue gains if supply growth outpaces demand. Investors entering now should plan pricing strategies that capitalize on the dual peak seasons while staying competitive during softer shoulder months."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Honolulu, HI

What is the average Airbnb occupancy rate in Honolulu?

The average Airbnb occupancy rate in Honolulu is currently 63%, slightly below the Hawaii state average of 67%. Occupancy varies by property size, with 3-bedroom listings performing best at 66% and 1-bedrooms close behind at 64%. This level of occupancy reflects consistent demand from Honolulu's tourism-driven economy and provides a solid baseline for revenue planning.

How much do Airbnb hosts make in Honolulu?

Honolulu Airbnb hosts earn an average of $3,699 per month and approximately $44,395 per year based on trailing 12-month booking data. Earnings vary significantly by property size — studios average about $2,910 per month, while 3-bedroom properties bring in roughly $8,565 monthly. Larger properties like 4-bedrooms generate around $8,617/month, making mid-size and larger units the strongest earners in this market.

Is Honolulu a good market for Airbnb investment?

Honolulu scores 62 out of 100 on Rabbu's ROI Score, placing it in the 'Attractive Opportunity' category. The market benefits from above-average occupancy stability and dual seasonal peaks, though high property values (averaging $1,495,479) create a below-average revenue-to-price ratio. Investors willing to commit the capital — particularly in 2- to 4-bedroom configurations — can access annual revenues exceeding $92,000, which may justify the premium entry cost depending on financing terms and operational efficiency.

What is the average daily rate (ADR) for Airbnb in Honolulu?

The average daily rate for Airbnb listings in Honolulu is $225, which is considerably lower than the Hawaii state average of $709 — largely because Honolulu's supply is dominated by studios and 1-bedroom units rather than large resort-style homes. ADR scales steeply with property size: studios average $162/night, 2-bedrooms jump to $404, and 3-bedrooms reach $588 per night.

Are short-term rentals legal in Honolulu?

Short-term rentals are legal in Honolulu, but they are subject to local permitting requirements, zoning restrictions, and state-level regulations. The City and County of Honolulu has specific rules governing where and how STRs can operate, including permit caps in certain areas. Prospective investors should consult the city's Department of Planning and Permitting and review any applicable HOA or condo association bylaws before purchasing a property for short-term rental use.

When is peak season for Airbnb in Honolulu?

Honolulu enjoys two distinct peak seasons. Summer months — particularly July ($4,229) and August ($4,275) — generate the highest average monthly revenues, driven by family vacations. The winter months of January ($4,051) and February ($4,040) form a second peak, fueled by mainland travelers escaping cold weather. The lowest-earning months are October through November, with November averaging $3,168, though even off-peak months remain productive relative to many other markets.

How many Airbnbs are there in Honolulu?

As of April 2026, there are 3,592 active Airbnb listings in Honolulu. The market has seen significant growth, with active listings increasing 130% year over year. The supply is heavily concentrated in smaller units: 1-bedroom listings make up the largest share at 1,874, followed by studios at 1,174, with only 440 two-bedroom properties and 74 three-bedroom listings available.

How is Airbnb revenue calculated in Honolulu?

The annual and monthly revenue figures shown for Honolulu are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. Rabbu averages each comparable listing's actual revenue per available night (RevPAN) by month over the past year, removes regional outliers, and rolls the results up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance data. Individual results can vary based on property quality, pricing strategy, location within Honolulu, and operational management.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts across the Honolulu market
• Occupancy rates, average daily rates, and RevPAN trends by property size and month
• Annual and monthly revenue estimates based on trailing 12-month historical booking data
• Home value benchmarks sourced from the Zillow Home Value Index (ZHVI)
• Data aggregated from multiple providers and Rabbu proprietary analytics for consistency

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month historical averages as of April 2026 and may not capture recent regulatory or market shifts. Local regulations, HOA rules, and permitting requirements can significantly impact an individual property's earning potential and should be independently verified.