UHERO State Forecast Update

Already weak, Hawaii’s prospects look increasingly dicey

From UHERO, September 20, 2019

Hawaii’s slowing has deepened in 2019. Two years of population decline have undercut demand in many sectors.

While tourism is generating impressive visitor numbers, there has been a sharp pullback in international markets. Add to that the crackdown on Oahu home vacation rentals, and prospects for further tourism growth look poor.

Construction remains a bright spot, at least for now.

We expect Hawaii to tread water over the next few years, vulnerable to waves that could well pull us under.

PDF:Read the UHERO State Forecast Update

Link: Visit the UHERO Website

The UHERO Forecast Project

UHERO's Forecast Project is a community-sponsored research program of the University of Hawaii at Manoa. The Forecast Project provides the Hawaii community with analysis on economic, demographic, and business trends in the State and the Asia-Pacific region. Summaries and analyses are disseminated through forecast reports, public presentations, and regular forecast updates. UHERO develops and maintains high-frequency industry level statistical models of Hawaii, its four counties, and key external economies to support rigorous forecasting exercises.

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