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 tightening, and economic fallout from the Russian invasion of Ukraine.
This report reissued March 30, 2022 to correct county population estimates. There are no other changes.
