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Products: Hawaii's Economy

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Sustainable Tourism Development and Overtourism

Everyone agrees that tourism should be developed in a sustainable way. Yet, nearly 25 years after the term “sustainable tourism” became fashionable, sustainable tourism development remains elusive. Residents in many popular destinations around the world complain about being overwhelmed by too many tourists, or “overtourism”. The United Nations World Tourism Organization blames the problem on poor management, and not because of growing number of tourists. This brief report examines how some destinations are dealing with the problem of overtourism. The report also examines the growth of tourism in Hawaii since the late 1980s. While there are many problems in managing tourism growth in Hawaii in a sustainable way, the report concludes that Hawaii is not yet at the stage of overtourism.

UHERO Brief

 


The Conversation: Carl Bonham on the UHERO State Forecast Update

Carl Bonham appears on The Conversation to talk about the UHERO State Forecast Update: Slowing Ongoing, Despite Arrivals Boom.

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UHERO State Forecast Update: Slowing Ongoing, Despite Arrivals Boom

The Hawaii economy is decelerating. Job growth this year will come in at less than 1%, down from nearly 2% just two years ago, the consequence of a flattening construction path and the natural effects of tightening labor markets. Despite surprisingly persistent gains, even the robust tourism industry will move to a lower growth trend as capacity constraints exert themselves. Overall, growth in the number of jobs will downshift to about a half-percent per year by the end of the decade.

This analysis and near-term forecast is available as a service to the public. For more detailed multi-year forecasts, subscribe to UHERO's Forecast Project.

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Hawaii Construction Forecast: Construction Easing, But More in the Pipeline

After several years of rapid expansion, the pace of building has eased. A number of significant condo and retail projects have wrapped up on Oahu, while fewer new buildings have broken ground, resulting in an overall reduction in construction activity and employment. But statewide there remain enough new projects in the pipeline to maintain construction activity near its current level through the end of the decade.

This analysis and near-term forecast is available as a service to the public. For more detailed multi-year forecasts, subscribe to UHERO's Forecast Project.

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A New Perspective on Hawaii’s Economy: understanding the role of clusters

Clusters are regional concentrations of related industries that arise because firms can benefit from being geographically close to one another. Proximity lowers transportation costs and fosters knowledge and labor sharing. As a result, the spatial concentration of economic activity is often a defining characteristic of regions. To better understand Hawaii’s economy and prospects for growth, we document Hawaii’s economic clusters at the state and county level and make comparisons to other US counties with similar characteristics.

UHERO Report

 


HPR: Carl Bonham on Hawaii's Transient Accommodation Tax

Carl Bonham joins Hawaii Public Radio to explain why lawmakers favor Hawaii’s Transient Accommodation Tax (TAT) as a source of revenue.
For a history of the TAT, see UHERO Fellow Jim Mak's paper
How Hawaii’s State Government Shares Transient Accommodation Tax Revenues With Its Local Governments

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UHERO County Forecast: Economies Still Growing, But Slowing

Prospects are good for continued growth in each of Hawaii’s four counties, if at a slower pace than in recent years. The tourism expansion has staying power, but capacity constraints will necessarily limit future gains. Construction is approaching or settling at the peak for this cycle, and tight labor markets will mean a deceleration of growth across other sectors. The counties share common risks, primarily from the continuing policy uncertainties emanating from Washington, DC.

This analysis and near-term forecast is available as a service to the public. For more detailed multi-year forecasts, subscribe to UHERO's Forecast Project.

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UHERO State Forecast Update: Growth Continues, For Now

Hawaii’s economy has started the year in fine form. Moderate job and income growth are continuing, and generally favorable global and national conditions are maintaining impressive tourism numbers. The construction buildup has eased, but the industry remains very active. While developments in Washington could hurt us, for now prospects look good for continued growth, if at a less rapid pace than we have seen in recent years.

This analysis and near-term forecast is available as a service to the public. For more detailed multi-year forecasts, subscribe to UHERO's Forecast Project.

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The Conversation: Sumner La Croix on Replacing the Aloha Stadium

Sumner La Croix appears on The Conversation to discuss the possibility of replacing the Aloha Stadium.

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Insights on PBS Hawaii: Sumner LaCroix on "Should We Change The Minimum Wage to a Living Wage?"

Despite taking Hawaii’s minimum wage up to $9.25 an hour – and a scheduled increase to $10.10 effective next year – Hawaii’s minimum wage workers are faced with an impossible challenge: the biggest gap nationally between a state’s minimum hourly wage and the most basic earnings required to meet the local cost of living. Should we change the minimum wage to a living wage? Sumner La Croix joins Yunji De Nies and guests on Insights on PBS Hawaii to discuss potential impact.

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The Conversation: Jonathan Page on the Benefits of a UH Education

Jonathan Page appears on The Conversation to discuss our latest UHERO Report: Financial Benefits to a University of Hawaii Education.

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Is Hawaii's Hotel Room Tax Law Obsolete?

With tax collections falling behind expectations, State lawmakers are pressuring the tax department to increase effort to collect uncollected taxes from internet sales.* In 2015 the State Attorney General’s Office scored a “major” victory when the Hawaii Supreme Court ruled that online travel companies (OTCs) are required to pay Hawaii’s general excise tax (GET) on their hotel bookings. Subsequently, the Tax Appeal Court ordered OTCs to pay $53.1 million in back general excise taxes plus interest to the state.

*Source: Honolulu Star Advertiser, “Collection of online taxes pushed,” January 29, 2017.

UHERO Brief


The Conversation: Peter Fuleky on the UHERO State Forecast Update

Posted March 6, 2017 | Categories: Media, Hawaii's Economy

Peter Fuleky appears on The Conversation to talk about the UHERO State Forecast Update: As Growth Ebbs, Risks Swell.

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Hawaii News Now: Carl Bonham on the UHERO State Forecast Update

Posted March 3, 2017 | Categories: Media, Hawaii's Economy

UHERO Executive Director Carl Bonham joins Howard Dicus on Sunrise to discuss the UHERO State Forecast Update: As Growth Ebbs, Risks Swell.

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UHERO State Forecast Update: As Growth Ebbs, Risks Swell

After seven years of sustained growth in the Islands, deceleration is now underway. In part this stems from the slowing pace of construction industry expansion. But it also reflects a generalized slowing as demand growth eases and labor markets tighten. Tourism has kept up a record-breaking pace longer than expected; still, there will only be room for so much additional growth. The economic outlook remains generally positive, if clouded by the many things that could go wrong in Washington or closer to home.

This analysis and near-term forecast is available as a service to the public. For more detailed multi-year forecasts, subscribe to UHERO's Forecast Project.

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