According to a report issued by the Hawaii Tourism Authority, a total of 645,711 visitors arrived in the Hawaiian Islands in May 2013. This represented an increase of 3.7 percent as compared to the same month a year prior. However, in spite having more visitors, tourism spending decreased by 0.6 percent to approximately $1.05 billion. This has lead to a concern that visitors to Hawaii may be experiencing more sticker shock. Hawaii Tourism Authority president and chief executive officer Mike McCartney stated, "Consumers have become more cautious of their spending as the price of a Hawaii vacation continues to increase, resulting in a shorter length of stay and reductions in daily visitor spending."
General Manager of the Hyatt Waikiki Beach Resort and Spa, Jerry Westenhaver, added, "The second quarter is a little slower than the first quarter, but we are still beating last year and it was a very good year. A little slowdown was expected because we can't continue to grow at those rates and revenue streams."
General Manager of the Hyatt Waikiki Beach Resort and Spa, Jerry Westenhaver, added, "The second quarter is a little slower than the first quarter, but we are still beating last year and it was a very good year. A little slowdown was expected because we can't continue to grow at those rates and revenue streams."
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
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