UHERO 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
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
Hawaii’s economy has entered a soft patch. Falling real visitor spending and a declining population have suppressed demand and halted growth in nonfarm payrolls. But
Hawaii construction activity continues at a healthy pace, with a modest pickup over the past year. New and pending projects, particularly high-rise residential building on
Hawaii has been slowing for several years. That slowing has deepened in 2019 and extends to most corners of the economy. Two years of population
Over the past year, there has been a broad slowing of growth across the four counties. To varying degrees, each has seen a falloff in
The past few months have brought more evidence of Hawaii slowing. The number of visitor days remains below last year’s peak, with more worrying signs
Hawaii’s economy ended 2018 on a poorer footing than 2017. Across a number of dimensions, the year saw a flattening out or outright decline in
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
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
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
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
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
Hawaii’s economy continues to grow, but with expected slowing as the cycle matures. Tourism is booming, construction remains on a healthy plateau, and jobs are
Improving global conditions provide a favorable environment for continued expansion in the Islands. Visitor arrivals are surging to record highs, and unemployment is reaching new
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