DBEDT tourism 3rd Quarter forecast
Forecasts–3rd Quarter 2014 (released on August 21, 2014)
After seventeen quarters of positive growth from the third quarter of 2009, through especially strong growth in 2012, to the third quarter of 2013, Hawaii’s tourism sector experienced two consecutive quarters of negative growth in the fourth quarter of 2013 and first quarter of 2014. However, in the second quarter of 2014, Hawaii’s tourism sector returned to positive growth compared with the same quarter in 2013. The decrease in domestic visitor arrivals was more than offset by the increase in international visitor arrivals in the quarter.
In the new DBEDT forecast released on August 21st, 2014, Visitor arrivals are expected to increase 0.7 percent in 2014, same as the previous forecast. The forecast for visitor days in 2014 also remained the same at 0.8 percent. The forecast for visitor expenditure in 2014 is revised upward to 2.6 percent, from 2.3 percent growth projected in the previous forecast. For 2015, the growth rates of visitor arrivals, visitor days, and visitor expenditures are now expected to be 2.0 percent, 2.3 percent, and 3.6 percent, respectively.
