State expects more tourists to spend less money
STAR-ADVERTISER NOV. 9, 2012
Tourists enjoy Waikiki Beach in front of the Hyatt Regency Waikiki Beach Resort & Spa.
The state maintained its growth rate for Hawaii’s economy at 2.3 percent this year and raised its forecast for visitor arrivals, but expects tourists to spend less in 2016 than previously projected due to the strong U.S. dollar and the weakening of foreign currency.
In its initial quarterly forecast for 2016, the state Department of Business, Economic Development & Tourism said today it sees visitor arrivals rising 1.9 percent this year to 8.8 million, a fifth straight record, but projects visitor spending to rise just 2.4 percent this year to $15.6 billion, which also would set a record. In its November forecast, DBEDT forecast visitor arrivals to increase 1.7 percent and visitor spending to rise 3.5 percent.
5 responses to “State expects more tourists to spend less money”
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But are the visitors also spending at the mall?
I tremble forHawaii….things here are so precarious right now.
Feds zero rate policy is working full steam ahead.
New age of tourists. Look, but no touching at the mall? Yikes !
The least I would recommend to the tourist is to try our local food , and attend a Hawaiian luau. Your tummy will thank you. I live here and can’t get enough enjoyment out of the local dishes here. Cheers.