Hawaii Real Estate starts Here!

Visitor arrivals to Hawaii were up 4.2% in March and unexpectedly great number considering Japanese visitor arrivals from Japan declined 17.9%.  The industry was getting ready for a phenomenal March when the Japanese earthquake and subsequent tsunami occurred on March 11th.   Visitor arrivals from Canada were up over 34% many were escaping wintry weather to come to Waikiki.

Many hotels and travel agencies have increased advertising in Asia since the Japanese disaster and seeing surprising results for bookings.

If you would like to learn more about Hawaii real estate contact Malia L. Meenderman, R, our principal broker.

Once again, Hawaii has seen the state’s unemployment rate fall by .1% to 6.3%.  In September there were approximately 40,200 out of work.  This rate is well below the national average of 9.6%.

There is a tremendous amount of optimism towards the Hawaii tourism industry as visitor arrivals are up nearly 12% year over year.  This is all the second month in a row where all measured components of the tourism industry for Hawaii are up.  For the month of August there were 680,496 people arriving which was up 11.8% from the same month last year.  Total visitor expenditures have increased to $1.1 billion and that is up about 30% since this month in 2007.  The average amount that a visitor spends rose from $153 from a year ago to $172 August 2010.

The optimism is growing, but tourism officials and hotel operators want to see a few more months of solid growth before feeling as if we are completely back on track.  We are entering a seasonally slow period for Hawaii Tourism.

It is always important to keep on Hawaii tourism to help in gauging the overall economic health of the Hawaii economy.