The expected decline could cost the island more than $30 million per month in direct spending, based on state tourism data.
A slew of tax legislation passed by the Legislature in 2019 was offset by tax breaks and will make little difference.
Southwest is bringing lower fares to Hawaii and new restrictions on Airbnbs are also creating uncertainty about future traffic.
A Colorado portfolio manager has big plans for a $44 million S&P 500 index fund that he has brought to Hawaii.
Amid mass Airbnb cancellations, one local bride said two of her bridesmaids can no longer attend her wedding.
“It’s like you’re in that middle zone where you’re making too much to receive help, but you’re not making enough to really prosper.”
The federal poverty line already doesn’t take into account the state’s high cost of living.
The state’s Department of Business, Economic Development and Tourism believes a new building in Kakaako will be a hub for innovation.
Hawaii’s economy is thoroughly dominated by tourism. But alternative energy and research-and-development offers some of the best chances for creating new, higher paying jobs.