July was the best month in 5 years for Hawaii tourism

The Hawaii tourism authority came out with their monthly report which stated this past July’s numbers were the best in 5 years.  The visitor statistics showed that this is the first month that all indicators rose since September 2005.  The month saw a 9% increase in visitor arrivals to 680,743.  The strong arrivals pushed up visitor spending a huge 23.3 percent to $1.1 Billion.  Some hotels experienced over 90% occupancy levels.  The visitor arrivals were largely fueled by discount packages and although July saw stronger room rates, it is not expected to continue.  Hotel operators feel that there needs to be continued strength in visitor arrivals before the room rates will see strong sustained growth.

This is more evidence that Hawaii is experiencing continued economic growth.  The Hawaii economy is doing better and better and this will continued to reflected in the Hawaii real estate market.  To learn more contact Malia L. Meenderman,R.