UHERO
Forecasts
UHERO Forecast for the State of Hawaiʻi: Near-term slowing expected as pandemic recovery ends
Hawaii’s economy has been sustained by a resilient US and the gradual return of international visitors. With the Islands’ post-pandemic recovery now largely complete, the…
UHERO Forecast for the State of Hawaiʻi: State facing headwinds as Maui recovery begins
Hawaii’s economy has been resilient in the face of weakening US and global economies, high interest rates, and the glacial return of Japanese travelers. Deceleration…
UHERO Forecast for the State of Hawaiʻi: Wildfires deliver heavy blow to Maui economy
The tragic Maui wildfires have inflicted deep pain and loss on the affected communities, and sorrow among all of Hawaii’s residents. There are also economic…
UHERO Forecast for the State of Hawaiʻi: Promise and Peril for the Hawaii Economy
Recent developments bring both promise and peril for Hawaii. Tourism prospects are positive, despite the delayed Japanese market recovery. Construction activity will remain high, and…
UHERO Forecast for the State of Hawaiʻi: Hawaiʻi’s Soft Landing Still in the Cards
Our Hawaiʻi outlook continues to see economic slowing but no recession. While international tourism will continue to recover, domestic travel will soften as the US…
UHERO Forecast for the State of Hawaii: Global war on inflation will hinder Hawaii growth
The global outlook continues to darken, but prospects for Hawaii remain largely unchanged from our last report. Rising interest rates, dwindling pandemic era savings, and…
UHERO Forecast for the State of Hawaii: US recession will weigh on Hawaii’s recovery
The economic horizon has darkened since our last forecast. The global economy has slowed sharply, and the US is headed for a mild recession in…
UHERO 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…
UHERO 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…