Hawaii’s tourism juggernaut powers onward, but growth elsewhere remains elusive. Broader—and a bit stronger—expansion is in the pipeline. A summary of this forecast is available
UHERO Forecasts provide the Hawaii community with analysis of economic trends in the State and the Asia-Pacific region.
Hawaii’s recovery is proceeding along two very different tracks. The tourism industry is on a tear, posting impressive rates of growth. With a few exceptions,
The recovery of Hawaii’s county economies continues to be fueled by the visitor industry, especially by arrivals from non-traditional markets. Job growth turned positive in three
Tourism continues to be the primary engine of Hawaii’s recovery. A number of other sectors have turned the corner, and we expect gradually improving performance
Construction has yet to turn the corner in Hawaii, but a pickup is now more clearly in sight. Single-family home construction languishes, but new high-rise
Hawaii’s stop-start recovery continued in the fourth quarter. We are a bit more optimistic about prospects for 2012. A summary of this forecast is available
The Japanese earthquake has led to a pause in visitor industry growth, but unless we see a further spike in oil prices, Hawaii’s economic recovery
Private construction has largely stabilized in the islands and poised for limited growth. But the big impetus for construction on Oahu will come from rail
Recovery edges forward in the Islands, for now primarily in tourism and mostly on Oahu. But the very rapid tourism rebound will begin to spill
Hawaii’s construction industry continues to seek a bottom to what has been a bruising downturn. Recent months have brought some encouraging news, but for at
Recovery will take hold across Hawai’i’s four counties during 2010. Visitor numbers have stabilized and will gradually improve as growth strengthens in major tourism markets.