According to a report issued by the Hawaii Tourism Authority, visitor arrival and visitor spending decreased in November 2013. The report stated that compared to the same month a year prior, the total number of visitors to the islands decreased by 5.5 percent to 620,051 people, while spending decreased by 2.1 percent to $1.1 billion. November represented the third straight month of decreases for the Hawaiian islands..
Vice president of brand management for the Hawaii Tourism Authority, David Uchiyama commented that the increasing cost of oil, unfavorable currency exchange rates, diminishing consumer confidence and fuel surcharges have all negatively affected travel and spending in Hawaii. Uchiyama stated, "A lot of these factors are out of our control. Because we anticipated some of these things, we've already started to work with our marketing contractors in each market to see what we can do to help revitalize or stimulate the markets."
Source: Honolulu Star Advertiser, 12-28-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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