Economy
Charting a New Course For Hawai‘i Tourism
Despite a string of record visitor arrivals now totaling almost ten million annually, Hawai‘i tourism shows signs of trouble. Inflation-adjusted spending per visitor has trended downward. Diminishing economic contribution, eroding resident sentiment, and increasing congestion and stress on sites and attractions provide evidence that the current governance model is inadequate for effectively managing the increasingly […]
Read MoreAnnual Hawaii Forecast with Asia-Pacific Outlook: Moderation Ahead as Business Cycle Matures
Hawaii’s economy remains on a favorable path, with record-high visitor numbers, record-low unemployment, and ongoing—if unimpressive—income gains. As expected, the economy’s rate of expansion has slowed as the business cycle has matured, and risks to the external environment have increased. But at present there are no signs of an imminent downturn. Instead, further growth at […]
Read MoreHawaii Construction Forecast: After Pullback, Construction Prospects Firm
Following two years of decline, the pace of building in Hawaii has stabilized. The value of construction permits is posting healthy gains across all sub-sectors this year, and projects either planned or in the pipeline will maintain construction activity near its current level through the end of the decade. This analysis and near-term forecast is […]
Read MoreUHERO State Forecast Update: Hawaii’s Growth Down, But Not Out
Hawaii’s expansion has slowed along several dimensions. On top of the painful human toll, volcanic activity and flooding have dealt a setback to tourism. The construction sector has continued to drop back from its 2016 peak, and job growth has slowed to a near-stop. Still, the fundamentals look favorable. Global tourism continues to power forward, […]
Read MoreUHERO County Forecast: Healthy county economies face growing pains
Hawaii’s four counties are enjoying robust economic conditions and look set for continued growth. Tourism keeps surprising to the upside, even as visitor numbers strain infrastructure and communities. Record low unemployment will limit job growth but bring welcome income gains. Kauai flooding and the Kilauea eruption remind us that the counties remain vulnerable to adverse […]
Read MoreRethinking Hawaii Tourism: Time to Shift from Marketing to Managing Tourism?
We know from Hawaii Tourism Authority (HTA) resident surveys that Hawaii residents perceive tourism is our economic lifeline, but it is also a cause of significant number of problems in our lives. Even though most respondents still think tourism brings more benefits than costs to our state, the percent of those who think otherwise has […]
Read MoreUHERO State Forecast Update: Ready or not, Hawaii is set for more growth
Now in its ninth year, Hawaii’s expansion shows no signs of letting up. Tourism has surged again in the first part of 2018, extending one of the longest periods of sustained visitor growth. Construction, while volatile month to month, also remains on a high plateau. The long run of strong demand has created very tight […]
Read MoreMaking Sense of Mandatory Resort Fees
More than 1,000 hotels in the U.S. require guests to pay a mandatory resort fee, stated as a fixed dollar amount per room per night of occupancy, in addition to the base room rate. According to the American Hotel & Lodging Association (AHLA), approximately 7% of U.S. hotels charge resort fees. Resort fees cover such […]
Read MoreEconomic Valuation of The Nature Conservancy’s Watershed Conservation Activities in Waikamoi Preserve, Maui
The objective of this research was to estimate the value of ecosystem services protected by watershed conservation activities at The Nature Conservancy’s Waikamoi Preserve on the island of Maui. Projections of monetized benefits, together with trajectories of conservation costs, were used to calculate net present value, payback period, and return on investment.
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