According to a report released by the state of Hawaii’s Department of Business, Economic Development and Tourism, Hawaii will have a record 7.8 million visitors in 2012. Visitor spending will also expected to increase to a $13.9 billion, which will be another record. This increase in tourists will help Hawaii see a 2.2 percent gross domestic product growth this year. In 2010 and 2011, Hawaii saw a gross domestic product growth of only 1.2 percent per year. DBEDT director, Richard Lim, stated, “We remain optimistic and confident that our economy is moving toward a more normal growth curve.”
Source: Honolulu Star Advertiser, 5-10-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
