The United State’s dollar rose to just over the 100-yen level for the first time in four years. However, the Hawaii tourism industry is not pleased with this development as a weak yen makes travel to Hawaii more expensive for Japanese visitors. The weaker yen may have contributed to a 2.9 percent decrease in Japanese visitors to Hawaii during Golden Week, a string of national holidays in Japan. Hawaii Tourism Authority vice president of brand management, David Uchiyama, commented, “We monitor numerous variables when it comes to the sustainability and success of tourism for the state. The currency exchange rate, as well as fuel surcharges and global economic stability, are all factors. We continue to work with our industry partners to balance our efforts with these factors in mind in order to ensure that our tourism economy remains stable and sustainable.”
Source: Honolulu Star Advertiser, 5-10-2013, 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
