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Hawaii Visitor Arrivals and Spending Up

Both arrivals and spending are up for Hawaii, despite drop in Japan arrivals.
July 08, 2011

Hawaii Visitor Arrivals and Spending Up

South Maui Real Estate

By Mark Harbison

Good news for the economy of Hawaii, thanks to the visitor industry's high performance. The numbers that came in for the month of May were particularly good!

Not only were there more visitors to Hawaii in the month of May this year than there were last year, but those visitors spent more money, which isn't only good for our economy. It is also a good sign indicating the economic health of the rest of the country.

According to the Hawaii Tourism Authority's Tuesday report, visitor spending in Hawaii was $912.3 million, which was 5.9 percent (about $50 million) more than May of last year. There was a total of 553,505 visitors to the islands, which was up 0.6 percent from the 549,954 of May 2010.

The increase in visitors wasn't as significant as the increase in spending, which simply tells us that the finances of those who can afford to visit are improving. There is, however, another factor affecting these numbers. Arrivals from Japan were 17.1 percent lower in May than the same month last year. Considering the fact that arrivals and spending improved despite this drop is a very good sign.

All of this news is good for those who are thinking about buying Maui real estate for use as a vacation rental. South Maui real estate is ideal for this, as there are a multitude of beautiful homes and condos that are close to the beautiful ocean. If you need any assistance finding the right Maui real estate investment, you will find our contact information at the bottom of the page. Mahalo!

Blogs for July 2011

Visit and Restore Haleakala Crater

Posted on July 29, 2011
Visit and Restore Haleakala Crater

By Mark Harbison

Haleakala National Park is a Maui treasure. How long has it been since you visited, or have you ever visited? If you enjoy the outdoors and camping, and you want to help make a difference for the benefit of future generations and for Haleakala's… Continue Reading

New Record Set on Maui Home Purchase

Posted on July 22, 2011
New Record Set on Maui Home Purchase

By Mark Harbison

A new record has recently been set for the largest sum of money ever paid for a Maui home. Peter Thiel, a co-founder of PayPal, bought the home for $27 million. Where was this home located? Makena.

As South Maui Real estate specialists,… Continue Reading

Maui Aloha Initiative for Japan

Posted on July 15, 2011
Maui Aloha Initiative for Japan

By Mark Harbison

In the wake of Japan's earthquake, tsunami and nuclear crisis that took place in March, Hawaii has sent millions of dollars in aid to assist those who are suffering. There have been so many great, successful efforts on the part of Hawaii citizens, due… Continue Reading

Hawaii Visitor Arrivals and Spending Up

Posted on July 08, 2011
Hawaii Visitor Arrivals and Spending Up

By Mark Harbison

Good news for the economy of Hawaii, thanks to the visitor industry's high performance. The numbers that came in for the month of May were particularly good!

Not only were there more visitors to Hawaii in the month of May this year than there… Continue Reading

Hawaii Personal Income Rose in Quarter One

Posted on July 01, 2011
Hawaii Personal Income Rose in Quarter One

By Mark Harbison

Not only did Hawaii's personal income grow in the first quarter of 2011, but the rate of growth also increased when compared with the last quarter of 2010. This is a great sign for the economic recovery that so many have been… Continue Reading

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Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

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