Economy
The effects of the pandemic on the economy of Hawaii
The economy of Hawaii was extremely vulnerable to the COVID-19 pandemic due to its heavy reliance on tourism. This article is a thorough survey of issues affecting a tourism-dependent open economy during the COVID-19 pandemic. We provide a comprehensive analysis of the pandemic’s economic impact in Hawaii by comparing the actual outcomes during the affected […]
Read MoreIs O‘ahu’s new Comprehensive Economic Development Strategy strategic enough?
By Steven Bond-Smith The draft O‘ahu Comprehensive Economic Development Strategy (CEDS) for 2022-2026 is now out for public comment. The importance of the CEDS is highlighted by its requirement as a prerequisite for receiving funding from the Federal Economic Development Administration (EDA) under its Public Works and Economic Adjustment Assistance programs. It is also required to […]
Read MoreThe effects of COVID-19 vaccine mandates in Hawai‘i
Having been affected by the highest increase in COVID-19 cases since the start of the pandemic, Honolulu and Maui counties in Hawaii implemented vaccine passport mandates for select industries in September 2021. However, the degree to which such mandates impacted COVID-19 mitigation efforts and economics remains poorly understood. Herein, we describe the effects of these […]
Read MoreUHERO Forecast for the State of Hawaii: Foreign visitors will provide lift, but risks have multiplied
Hawaii’s recovery has resumed now that the Delta and Omicron waves are behind us. Once the Asian COVID-19 wave recedes, the long-awaited return of international visitors will begin later this spring. Hawaii’s delayed recovery from the pandemic means that we expect moderately strong growth, despite clearly deteriorating conditions in the US and global economies. The […]
Read MoreEconomic Impact of Astronomy in Hawai‘i: 2019 Update
Astronomy continues to be a sizable and stabilizing source of economic activity. In 2019, local astronomy related expenditures in the state totaled $110.02 million with $57.18 million, $35.22 million, $0.28 million, and $17.33 million spent in Hawai‘i, Honolulu, Kaua‘i, and Maui counties respectively. Including indirect and induced benefits and adjusting for inter-county feedback effects, the […]
Read MoreThe cost of “excess inflation” in Hawaii
By Daniela Bond-Smith, Steven Bond-Smith and Carl Bonham The cost of living in Hawaii continues to rise. In March, the Urban Hawaii (Honolulu) Consumer Price Index (CPI) was 7.5% higher than it was one year ago, squeezing household budgets and disproportionately impacting low-income households. Honolulu last saw an elevated inflation rate of 6.0% briefly in […]
Read MorePrivate Actions to Combat Climate Change Through Offsetting: The Story of The Coconut Traveler
By Kimberly Burnett, James Mak and Christopher Wada In late 2021, the United Nations (UN) held its 26th climate change conference (COP26) in Glasgow, Scotland. Among the many agreements that emerged from the conference was a coordinated plan for tourism climate action (Glasgow Declaration) to cut tourism’s global carbon emissions in half over the next […]
Read MoreCharging Visitors to Access Hawaii’s State Parks and Natural Recreation Areas
By Kimberly Burnett, James Mak and Christopher Wada Senate Bill S.B. 3192 S.D.2 in the current (2022) legislative session proposes to: “establish a visitor impact fee program, to be administered bythe department of land and natural resources, as a license requiredby visitors for usage of Hawaii’s public beaches, parks, trails, coastlines,and environment. The purpose of […]
Read MoreUHERO Forecast for the State of Hawaii: With Omicron in the rearview mirror, a clearer road ahead?
The two COVID-19 waves since last summer caused a pullback in Hawaii tourism and a pause in labor market recovery. Visitor arrivals are now picking up and broader growth is resuming. The expected transition of the virus to an endemic disease will enable the return of international visitors. Considerable risks remain, including COVID-19 surprises, Fed […]
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