COVID-19
Interim Forecast Update: COVID-19 Will Impose Significant Economic Impacts in Hawaii
The spread of the novel coronavirus and recent visitor falloff lead us to lower sharply our outlook for the Hawaii economy. In the baseline forecast, real visitor spending is expected to fall more than 10% this year and payroll jobs by 0.6%, with an attenuated recovery path. Alternative scenarios reflect a wide range of possible […]
Read MoreCarl Bonham appointed to Select House Committee on COVID-19
House Speaker Scott K. Saiki today announced the appointment of individuals to serve on the Select House Committee on COVID-19 Economic and Financial Preparedness adopted through House Resolution 54. UHERO Executive Director Carl Bonham along with a long list of other community, business, and legislative leaders have been named to the committee, which will be exploring how to […]
Read MoreUHERO State Forecast Update: Coronavirus Presents Danger to Hawaii Tourism
Hawaii’s economy has been on an expected slowing trend for the past several years. While visitor arrivals racked up another record year in 2019, real visitor spending fell last year as international spending languished. And now the coronavirus rears its ugly head. That represents a considerable—if as yet uncertain—risk to Hawaii’s economy in the year […]
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