According to a report issued by the state of Hawaii's Department of Business, Economic Development and Tourism, Hawaii should see a GDP increase of 2.4 percent in 2014. This is slightly lower than their previous forecast of 2.6 percent that they had issued in February 2014, and is primarily attributed to a slowdown in the tourism industry. DBEDT now predicts that the number of tourist arrivals will increase by just 0.7 percent in 2014, (previously predicted to be 1.7 percent) and visitor spending will increase by 2.3 percent (previously predicted to be 3.4 percent).
Source: Honolulu Star Advertiser, 5-15-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
