According to a presentation by Hawaii Pacific University economist, Leroy Laney, the island of Kauai’s economy is able to stay afloat thanks to a strong visitor industry. Unfortunately, that’s about all that’s going well for Kauai’s economy. Laney commented, “If all parts of the Kauai economy were doing as well as tourism, the entire island would be booming.” Laney noted that visitor spending is up 21 percent on Kauai during the first seven months of the year as compared to the same period in 2011. However, the island’s unemployment rate is still very high at 7.8 percent and area including construction are struggling to recover.
Source: Honolulu Star Advertiser, 8-31-2012, 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
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
