Originally Posted by
josephstern
1 - Interest rates are WAY up. That may not affect each property, but it likely affects some.
2 - Labor is in very short supply since Covid, and now much more so after the fires. In some cases, I think this even limits the amount of rooms hotels will sell in some cases.
Definitely agree with #1.... less on #2. Or, at least the service worker labor supply has improved on Maui since the crazy lack of workers immediately after Covid. The fires resulted in A LOT of hospitality jobs in Lahaina going away. Many of those people relocated (or at least sought out work) to other parts of the island. The restaurant down in Wailea that I part-time at is generally having no problem staffing.