{"id":35341,"date":"2015-06-05T07:00:11","date_gmt":"2015-06-05T17:00:11","guid":{"rendered":"http:\/\/www.hawaii.edu\/news\/?p=35341"},"modified":"2021-08-26T13:43:17","modified_gmt":"2021-08-26T23:43:17","slug":"uhero-forecast-neighbor-island-tourism-still-has-room-to-grow","status":"publish","type":"post","link":"https:\/\/www.hawaii.edu\/news\/2015\/06\/05\/uhero-forecast-neighbor-island-tourism-still-has-room-to-grow\/","title":{"rendered":"<abbr title=\"University of Hawai\u02bbi Economic Research Organization\">东精影业ERO<\/abbr> forecast: Neighbor island tourism still has room to grow"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p><a href=\"http:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2015\/06\/uhero-2015-report.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2015\/06\/uhero-2015-report.jpg\" alt=\"uhero-2015-report\" width=\"300\" height=\"390\" class=\"alignright size-full wp-image-35344\" srcset=\"https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2015\/06\/uhero-2015-report.jpg 300w, https:\/\/www.hawaii.edu\/news\/wp-content\/uploads\/2015\/06\/uhero-2015-report-200x260.jpg 200w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>The <a href=\"http:\/\/www.uhero.hawaii.edu\/\">University of <span aria-label=\"Hawaii\">Hawai&#699;i<\/span> Economic Research Organization<\/a> (<abbr>东精影业ERO<\/abbr>) releases a new forecast, predicting a rise in tourism on the neighbor islands and more.<\/p>\n<p>After a rather soft 2014, the counties are poised for better performance over the next several years. Tourism will see additional healthy gains on the neighbor islands for the next two years, before rising occupancy and costs begin to bring down growth rates, something that has already occurred on <span aria-label=\"Oahu\">O&#699;ahu<\/span>. Construction, which has disappointed so far, will become a significant contributor to growth. Gains in employment have brought unemployment rates down substantially, and moderate expansion of jobs and income will continue, helping to solidify the local spending leg of the economic expansion.<\/p>\n<p><strong>Report highlights<\/strong><\/p>\n<ul>\n<li>Large increases in scheduled airline seats, ranging from 20-30 percent on Maui and the Big Island for the second quarter and mid-single digits on <span aria-label=\"Kauai\">Kaua&#699;i<\/span>, will facilitate healthy visitor expansion on the neighbor islands, which will see growth in the roughly 3&#8211;5 percent range this year, before tapering off. Continuing weakness in Japanese arrivals will be offset by more robust expansion in other international markets and from the U.S. mainland.<\/li>\n<li>The construction industry has begun to add a moderate number of jobs on <span aria-label=\"Oahu\">O&#699;ahu<\/span> and Maui, but there are no signs of life yet on the Big Island or <span aria-label=\"Kauai\">Kaua&#699;i<\/span>.<\/li>\n<li>Aside from construction, the strongest job growth will generally be seen in the wholesale and retail trade sector in the near term, but slowing as the tourism expansion wanes.<\/li>\n<li>Overall job growth will continue at a moderate pace in the near term.<\/li>\n<li>Most of the risks to the forecast are external to the state, including the potential for policy errors by the Fed, heightened fiscal austerity in the U.S., Europe, or Japan, or a failure by China to engineer a &ldquo;soft landing&rdquo; of their slowing economy.<\/li>\n<\/ul>\n<p>For the full public summary go to the <a href=\"http:\/\/www.uhero.hawaii.edu\/products\/view\/492\"><abbr>东精影业ERO<\/abbr> website<\/a> and for a detailed analysis, <a href=\"http:\/\/uhero.hawaii.edu\/products\/view\/475\">subscribe to <abbr>东精影业ERO<\/abbr>&#8217;s Forecast Project<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The University of <span aria-label=\"Hawaii\">Hawai&#699;i<\/span> Economic Research Organization forecast predicts a rise in tourism on the neighbor islands and more.<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[301,197,158,9,343],"class_list":["post-35341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research","tag-college-of-social-sciences","tag-economics","tag-publication","tag-uh-manoa","tag-uhero","entry","has-media"],"aioseo_notices":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts\/35341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/comments?post=35341"}],"version-history":[{"count":16,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts\/35341\/revisions"}],"predecessor-version":[{"id":147106,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/posts\/35341\/revisions\/147106"}],"wp:attachment":[{"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/media?parent=35341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/categories?post=35341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hawaii.edu\/news\/wp-json\/wp\/v2\/tags?post=35341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}