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Spending by tourists in Hawaii up for 2nd month

By Associated Press

LAST UPDATED: 02:41 p.m. HST, Jul 11, 2014

Spending by travelers to Hawaii rose for the second straight month in May.

The Hawaii Tourism Authority said Friday visitor spending grew 5.1 percent compared to May last year. Travelers spent $1.1 billion during the month.

The agency had earlier reported spending fell 2.2 percent in April, but it revised its statistics to show a 4 percent increase.

The agency says it revised its visitor data for January through April this year and all of last year.

The number of tourists coming to Hawaii climbed 1.8 percent in May to nearly 650,000.

Hawaii Tourism Authority CEO Mike McCartney says the trend for spending appears to be up.

The agency expects a strong summer season for Hawaii's tourism economy supported by an increase in seats on flights to Hawaii.

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HD36 wrote:
What Mike McCartney needs to do is adjust spending figures with an inflation figure of a basket of typical tourist goods and services. If room rates go up 5%, car rentals go up 3%, etc. a true picture of the economy might show that tourist ended up spending 5% more for the same goods and services they usually get. If I bought the same stuff at Costco 1 year ago, but now I'm paying 38% more for steak, 24% more for blue berries, etc.. you can't say the economy is better because my standard of living is going down because I have to pay more for the same stuff. Unfortunately this is the world we live in where central banks, particularly the Federal Reserve, believe inflation is not high enough. The reasoning is that people will wait to purchase things if prices are going down. Perhaps they have their butler doing the shopping because whenever I see a big sale, people are lined up.
on July 11,2014 | 04:00PM
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