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Hawaii's economy on a long road to recovery, economist says

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Hawaii's economy on a long road to recovery, economist says


(The Center Square) – An aging population, an exodus of residents, and slow recovery in tourism and jobs all contribute to the anticipated contraction of Hawaii’s economy in 2024, an economist told a state Senate panel.

Dr. Eugene Tian, economic research administrator at the Department of Business, Economic Development and Tourism, shared the viewport at the Senate Ways and Means Committee.

According to Tian’s department, there were 10.4 million visitors to Hawaii, spending an estimated $17.7 billion before the pandemic. That figure will reach 9.8 million visitors in 2024, up 0.2% from 2023 to 10.1 million in 2025, according to the forecast.

Tourism is Hawaii’s primary income source, impacting service industries from transportation to retail trade.

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“The visitors in 2019, we had 10.4 million, by 2025 our forecast is 10.1, so we will not recover until after 2026 according to our estimates,” Tian said.

Hawaiians would like to see tourism spending grow but not an increase in tourism.

“The sentiment in the population here is they don’t want to see tourism growing above the ten million mark that we used to have,” Sen. Donna Kim said. ”It seems like we’re saying tourism is not growing therefore the economy is not going to grow and we want tourism to grow.”

Tian said most of the visitor spending increases seen in 2023 were due to inflation and an increase in the transient accommodations tax at 3% across services, which was included in the visitors’ spending figures.

“The cost of lodging and food away from home in Honolulu has skyrocketed,” the report said. “Room rates have surged by 31%, and dining out in Honolulu is now 28% more expensive than in 2019. These increases in local tourism costs affect all visitors, and they have pushed up U.S. visitor spending.”

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Jobs also grew slowly in the past few years, according to Tian.

“You can see the jobs in 2019 were about 660,000 jobs, but by 2025 we will not recover,” he said. “So the jobs and the visitors, they are consistent that recovery will be 2026 or beyond.”

Non-agricultural jobs, which employed just over 658,000 workers in 2019, fell during the pandemic years but have slowly been increasing. They are forecast to reach approximately 641,000 in 2024 and 652,000 in 2025.

“In terms of jobs, we are still losing about 30,000 jobs compared with 2019,” Tian said.

The Hawaii County or “Big Island” job market has almost recovered to 99.6%.

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The Maui fires impacted gross domestic production, but as of the third quarter of 2023, Hawaii recovered 97.7% of the same period of 2019.

“We are still recovering while the U.S. has been fully recovered since 2021,” Tian said “So we are lacking the full recovery from the economy, in terms of GDP (it) will be about 2026.”

Tian said it takes about six years for the economy to recover, and the same is true for Hawaii.

“One of the industries we are doing well is actually construction,” Tian said. “This is one of the bright spots.”

The bulk of the increase in construction is a result of federal spending projects like ”the $4 billion for work at Pearl Harbor” for naval shipyard renovations. Local codes still delay permits for building residential houses for up to eight years, he said.

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Hawaii County Surf Forecast for March 04, 2026 | Big Island Now

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Hawaii County Surf Forecast for March 04, 2026 | Big Island Now


Forecast for Big Island Windward and Southeast


Shores Tonight Wednesday
Surf Surf
PM AM AM PM
North Facing 2-4 2-4 2-4 2-4
East Facing 3-5 4-6 4-6 5-7
South Facing 1-3 1-3 1-3 1-3
TONIGHT
Weather Mostly cloudy. Numerous showers.
Low Temperature In the upper 60s.
Winds East winds 5 to 10 mph.
Tides
Hilo Bay High 1.9 feet 03:26 PM HST.
Low -0.1 feet 09:20 PM HST.
High 2.4 feet 03:40 AM HST.
WEDNESDAY
Weather Partly sunny. Numerous showers.
High Temperature In the upper 70s.
Winds East winds 10 to 15 mph.
Tides
Hilo Bay Low -0.1 feet 10:00 AM HST.
High 2.0 feet 04:04 PM HST.
Sunrise 6:37 AM HST.
Sunset 6:27 PM HST.

Forecast for Big Island Leeward


Shores Tonight Wednesday
Surf Surf
PM AM AM PM
West Facing 2-4 2-4 2-4 1-3
South Facing 1-3 1-3 1-3 1-3
TONIGHT
Weather Mostly sunny until 6 PM, then mostly
cloudy. Hazy.
Low Temperature In the upper 60s.
Winds West winds around 5 mph early in the
afternoon, becoming light and variable.
Tides
Kona High 1.5 feet 04:04 PM HST.
Low -0.1 feet 09:57 PM HST.
High 1.9 feet 04:18 AM HST.
Kawaihae High 1.4 feet 04:36 PM HST.
Low -0.1 feet 10:20 PM HST.
High 1.9 feet 04:38 AM HST.
WEDNESDAY
Weather Partly sunny. Hazy.
High Temperature In the mid 80s.
Winds Light and variable winds, becoming west
around 5 mph in the afternoon.
Tides
Kona Low -0.1 feet 10:37 AM HST.
High 1.6 feet 04:42 PM HST.
Kawaihae Low -0.2 feet 11:01 AM HST.
High 1.6 feet 05:13 PM HST.
Sunrise 6:41 AM HST.
Sunset 6:31 PM HST.

The current moderate northwest swell will continue a gradual decline through Thursday. A small west-northwest swell will arrive on Friday and hold through the weekend, followed by a small north-northwest swell early next week. Choppy east shore surf will build to near seasonal average by Wednesday as trade winds strengthen over and east of the islands. Little change is expected along east facing shores through the weekend, followed by a possible decline early next week if winds veer southerly. Surf along south facing shores will remain small to tiny through the weekend, and some islands may an increase in choppy surf if southerly winds develop early next week.

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NORTH EAST

am        pm  

ARTICLE CONTINUES BELOW AD
ARTICLE CONTINUES BELOW AD

Surf: Minimal (ankle high or less) surf.

Conditions: Semi choppy with ESE winds 5-10mph in the morning increasing to 10-15mph in the afternoon.

NORTH WEST

am        pm  

Surf: Minimal (ankle high or less) surf.

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ARTICLE CONTINUES BELOW AD

Conditions: Clean in the early morning with ESE winds less than 5mph. Bumpy/semi bumpy conditions move in during the morning hours with the winds shifting W 5-10mph.

WEST

am        pm  

Surf: Minimal (ankle high or less) surf.

Conditions: Semi glassy in the morning with N winds less than 5mph. Bumpy/semi bumpy conditions for the afternoon with the winds shifting WNW 5-10mph.

ARTICLE CONTINUES BELOW AD

SOUTH EAST

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am        pm  

Surf: Minimal (ankle high or less) surf.

Conditions: Light sideshore texture in the morning with NE winds 10-15mph. This becomes Sideshore texture/chop for the afternoon.

Data Courtesy of NOAA.gov and SwellInfo.com



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Hawaii delegation continues to blast U.S. attack on Iran | Honolulu Star-Advertiser

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Hawaii delegation continues to blast U.S. attack on Iran | Honolulu Star-Advertiser




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Blood moon to dazzle Hawaii skies tonight

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Blood moon to dazzle Hawaii skies tonight

























Blood moon to dazzle Hawaii skies tonight | Local | kitv.com

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