According to the Hawaii Tourism Authority, Hawaii's tourism industry has been doing much better than in 2014 than previously reported. HTA officials announced that approximately $100 million was not correctly reported by contractor who was supposed to providing survey data to the state of Hawaii. This means that visitor spending this year has actually increased by 3 percent instead of decreasing as originally thought. Mike McCartney, HTA president and CEO stated, "Visitor spending appears to be trending up for 2014." Visitor arrivals are still down by 0.5 percent through May.
Source: Honolulu Star Advertiser, 7-12-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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