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| Above, the Sheraton Waikiki's Helumoa Playground pool. Photo by Armand Vaquer. |
There are some in Hawaii who believe that the summer tourism season looks promising for Hawaii. Hopefully, they're right and not just "whistling past the graveyard."
According to an article in Honolulu Civil Beat:
Hawaii’s economy is poised for a significant recovery over the next six months, as pent-up demand for travel coincides with vaccinations on the mainland and an expected new wave of federal stimulus money in March, two leading Hawaii economists said during an interview with Civil Beat’s editorial board.
“There’s a heck of a lot of money that makes a real difference in basically holding people up while we simultaneously see what we think will probably be an acceleration in the visitor recovery, mostly in the summer,” said Carl Bonham, executive director of the University of Hawaii Economic Research Organization.
Bonham was joined by Sumner La Croix, a professor emeritus of economics at the University of Hawaii, for a wide-ranging interview on COVID-19 and the state economy. Perhaps the most notable theme, which Bonham kicked off with, was the relatively sanguine outlook on the economy for the next several months.
The bottom line: stimulus money plus tourism income will help Hawaii significantly.
To read more, go here.
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