I highly recommend the Ulalena Luau at Makena Beach. I've been to several luas on Maui and this one is better than the rest.
One thing I loved was that it's plated instead of your standard buffet, so no need to wait in line for your food. And the food was amazing. There was all of your typical luau fare--poke, laulau, haupia pie--but with the quality of a five-star restaurant (no exaggeration). And while you eat, you get to enjoy the amazing view and watch the sunset, to boot.
The real standout for me was the show. I won't ruin it by going into too much detail (I hate it when people do that in reviews), but let's just say it was like seeing a show on Broadway about different Hawaiian legends. So awesome. The dancers and performers were all top notch.
If you want all of the fake kitsch, go somewhere else, but if you want a unique experience and really good food, go to this luau.
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