Hawaii

Hawaii’s Economy Is Essentially Recession-Proof, State Says

Published

2 years ago

December 4, 2022

Hawaii’s Economy Is Essentially Recession-Proof, State Says

Hawaii’s Division of Enterprise, Financial Improvement and Tourism (DBEDT) launched its fourth-quarter ‘2022 Statistical and Financial Report’ on Wednesday, revealing insights into the tourism part of the state’s current and forecasted financial situation.

Astonishingly, it claims that the Aloha State stands to avoid any fallout from the financial recession subsequent 12 months that’s been projected for the U.S. in 2023.

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Regardless of the worldwide financial turndown, The DBEDT report says that the present and persevering with energy of Hawaii’s home tourism demand, mixed with the gradual return of worldwide guests, will most definitely defend it from the adverse impacts of any impending recession.

In its fourth-quarter forecasting, DBEDT saved the state’s financial progress projections for the remainder of 2022 and 2023 that have been made within the third quarter unchanged, regardless of a downward revision for the general U.S. economic system. Whereas U.S. financial progress in 2022 is predicted to return in at 1.8 p.c and simply 0.2 p.c in 2023, Hawaii’s progress is predicted to register 2.6 p.c for 2022 and 1.7 p.c for 2023.

“Because the final DBEDT financial forecast in August of this 12 months, the state’s economic system has remained agency, with enhancements in main indicators,” stated DBEDT Director Mike McCartney.

Aerial shot of Hawaii’s Waikiki Seashore. (Photograph through jhorrocks / iStock / Getty Photos Plus)

Hawaii’s Journey Sector Restoration

As 2022 involves a detailed, tourism arrivals to Massive Island, Maui and Kauai have already recovered to 95 p.c of what they have been in pre-pandemic 2019, exceeding all earlier expectations. Beat of Hawaii noticed that solely Oahu has been sluggish to see a rebound to normalcy, seeing lower than 80 p.c of 2019 ranges. About half of Oahu’s vacationer arrivals traditionally come from different international locations, and worldwide customer numbers stay low.

Within the first 10 months of 2022, the state welcomed 7.6 million whole vacationer arrivals, equal to 88.6 p.c of customer volumes seen throughout the identical interval in 2019. There have been 13.8 p.c extra U.S. guests than in the identical interval of 2019, however worldwide arrivals solely got here in at 38.1 p.c of what they have been in that pre-pandemic period.

Whereas arrival numbers are nonetheless barely shy of the pre-pandemic norm, vacationer spending within the first 10 months of 2022 truly grew by 8.5 p.c over the identical interval in 2019. It’s anticipated that customer spending in December and January can also be prone to be at or close to report highs.

The state is predicting that, by the top of this month, Hawaii’s total customer depend will come to 9.3 million, as in contrast with the ten.3 million recorded in 2019.

For the newest journey information, updates and offers, be sure you subscribe to the each day TravelPulse publication right here.

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Hawaii

With jolly festivities in full swing, how are you celebrating the holidays? Share your photos!

Published

10 hours ago

December 25, 2024

Press Room

With jolly festivities in full swing, how are you celebrating the holidays? Share your photos!

HONOLULU (HawaiiNewsNow) – With family and friends celebrating the holidays, Hawaii News Now wants to see how you are making the most of the jolly festivities.

From house decorations and shining lights to unwrapping presents and spending time with loved ones, share your photos by submitting them below!

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Hawaii

Plane crash under investigation on Hawaii Island

Published

19 hours ago

December 25, 2024

Press Room

Plane crash under investigation on Hawaii Island

WAIMEA (HawaiiNewsNow) – Federal investigators are looking into what caused a plane to crash on Hawaii Island Monday.

The National Transportation Safety Board confirms it is looking into what caused a Cessna to go down at Parker Ranch in Waimea shortly before noon.

Investigators said preliminary information indicated the plane experienced a loss of engine power.

A witness said two people walked away from the aircraft on their own. No one was hurt.

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Hawaii

Hawaii Bowl announcers Tiffany Greene, Jay Walker get rare moment in spotlight

Published

1 day ago

December 24, 2024

Press Room

Hawaii Bowl announcers Tiffany Greene, Jay Walker get rare moment in spotlight

‘Twas the night before Christmas, when all through the house, not a creature was stirring … and the only sports on TV was the Hawaii Bowl on ESPN.

The Christmas Eve game pitting South Florida (6-6) against San Jose State (7-5) didn’t bring the same energy as a major bowl, but when you’re the only live major sporting event on U.S. TV, fans will take notice.

On social media, the matchup generated surprising buzz for a minor bowl game.

People treating the Hawaii bowl tonight like it’s the Super Bowl
— Zlatni Topki (@ZlatniTopki) December 24, 2024

Out in Honolulu, ESPN had play-by-play announcer Tiffany Greene and color analyst Jay Walker on the game, and the pair, who have worked together for years, made the most of their moment in the spotlight.

Greene, who was the first African-American woman to serve as a play-by-play commentator for college football on a major network, had the opportunity to call some big plays, including this kickoff return touchdown by South Florida’s Ta’Ron Keith.

Tiffany Green was VERY amped up about this kick return touchdown and later replay of the big play from USF returner Ta’Ron Keith. pic.twitter.com/FkHDlaYBPK
— Awful Announcing (@awfulannouncing) December 25, 2024

And here’s Greene on a big interception early in the game.

USF forces an interception that would later result in points and a 14-0 lead over San Jose State.
Tiffany Greene and Jay Walker on the call of the Hawai’i Bowl on ESPN. pic.twitter.com/eMyo4aHsXn
— Awful Announcing (@awfulannouncing) December 25, 2024

Unfortunately, everything did not go smoothly for Greene and Walker. Of particular concern, Walker’s audio sounded consistently muddy, as if he were doing the broadcast remotely.

Are they actually there? Her co host literally sounds like he’s on a zoom call
— HuskerJim (@jimtheplumber63) December 25, 2024

Others on social media were even less charitable in their comments on the announcers.

This is a horrible announcing crew. This is not a high profile game, but as the only one on Cmas Eve, likely with a decent audience of folks looking for distractions, why this crew & not a better one? Why not put these guys on one of the midday workday games with less eyes/ears?
— Justin Firesheets (@JFiresheets) December 25, 2024

Yet some fans were left wanting to hear more of Greene and Walker in the future.