UHERO Forecast for the State of Hawaii: Vaccinations and US Strength Drive Upgraded Hawaii Forecast

21Q2 Forecast cover

Economic conditions in Hawaii are improving. The dominant US visitor market has outperformed expectations, and built-up savings and pent-up demand will drive mainland arrivals to near-normal levels in coming months. International markets will be much slower to recover. Local employment gains have been limited so far, but the vaccine rollout in Hawaii and nationally sets the stage for broader economic reopening by this summer. Still, a full recovery will take several years to accomplish.

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