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Increased Projected Hawaii Visitor Arrivals

Positive trends mean improved projections for Hawaii Visitor Industry.
March 15, 2013

Increased Projected Hawaii Visitor Arrivals

By Mark Harbison

Maui Real Estate Search

According to the Hawaii Tourism Authority, its projection for 2013 arrivals to Hawaii has increased from 8.1 to 8.5 million visitors, a change that will make a major impact on the economy in a positive way, assuming the projection is accurate. After the excellent recovery of Maui's visitor industry over recent years, we're not surprised that these trends are expected to continue.

With this increase figured in to expenditure calculations for 2013, the HTA is expecting about $15.8 billion for Hawaii's economy. At their 2013 Spring marketing update, HTA's vice president for brand management, David Uchiyama, said that the revisions were made based on the current trends of all the markets.

This is more great news for those interested in buying Maui real estate for use as a vacation rental property. With a dwindling percentage of bank-owned properties on the market, real estate prices are stabilizing at a more normal level, so if you are still looking for a good deal, we would be happy to help advise you. 

If you are concerned as to the consistency of the economic recovery in Hawaii, based on the visitor industry, consider 2012, when we reached a tally of just under 8 million visitors. The HTA also expects increased airlift throughout 2013, and there will be a stronger emphasis on Neighbor Island visitor distribution, which is good news for Maui.

Hawaii came close to reaching 8 million visitors in 2012, but fell just short with 7.99 million visitors. Increased airlift throughout 2013 and a focus on visitor distribution to the Neighbor Islands should help the state to surpass the 8 million visitor threshold and potentially reach the HTA’s new visitor arrival goal. Let's hope the trends that spurred these sunnier projections are everything the HTA expects! Meanwhile, if you need any assistance with your Maui real estate search, you'll find our contact information at the bottom of the page. Mahalo!

Blogs for March 2013

Major Wind Energy Expansion on Maui

Posted on March 29, 2013
Major Wind Energy Expansion on Maui

According to Sempra U.S. Gas & Power, which owns the Auwahi Wind project at Ulupalakua Ranch, they have a plan to expand the wind farm by adding 40 more wind turbines, taking the project from 21 megawatts to 120 megawatts. An investment this ambitious probably wouldn't… Continue Reading

Grand Wailea Employees to Keep Jobs After Hotel Sold

Posted on March 22, 2013
Grand Wailea Employees to Keep Jobs After Hotel Sold

A substantial South Maui real estate purchase was recently made when GIC Real Estate, the real estate arm of the Government of Singapore Investment Corp., bought the Grand Wailea Hotel. Such a decision could not be made without a high level of… Continue Reading

Increased Projected Hawaii Visitor Arrivals

Posted on March 15, 2013
Increased Projected Hawaii Visitor Arrivals

By Mark Harbison

According to the Hawaii Tourism Authority, its projection for 2013 arrivals to Hawaii has increased from 8.1 to 8.5 million visitors, a change that will make a major impact on the economy in a positive way, assuming the projection is accurate. After the excellent… Continue Reading

Hawaii No. 1 in Gallup Poll For Best Work Environment

Posted on March 08, 2013
Hawaii No. 1 in Gallup Poll For Best Work Environment

By Mark Harbison

We have yet another piece of evidence proving Hawaii is a great place to live, which should motivate those thinking about a move to Maui. Specifically, this information refers to working in Hawaii.

According to the new Gallup-Healthways Well-Being Index,… Continue Reading

Maui Performs Well Against Global Destinations

Posted on March 01, 2013
Maui Performs Well Against Global Destinations

By Mark Harbison

Maui has been ranked No. 3 among the world's island and sun destinations for hotel occupancy, according to Hospitality Advisors LLC and Smith Travel Research. Oahu was No. 1, while Kauai and the Big Island were also among the top ten. As a… 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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