UHERO Hawai’i Quarterly Forecast Update: Another Year with No Visitor Growth

Economy, Forecasts

The poor start for tourism and a restrained external outlook means that the visitor industry can expect to see no annual growth this year, and perhaps a slight decline. Construction slowing continues, although a late surge in non-residential activity will help to moderate the cycle. Slowing in the broader economy will proceed in the face of still very tight local labor markets.