Good news for HTA
The stock market yawned at Sequester Friday and continued to march toward a new high for the Dow Jones Industrial Average.
And that was not the only good news we had last week. The Hawaii Tourism Authority reported that visitor arrivals on Maui continued to climb with nice gains from all of our key markets.
Expenditures by visitors to Maui rose to $391.4 million in January, up 5.8 percent over the same month last year.
Statewide, visitor arrivals and spending trailed Maui slightly but, again, all markets showed gains from a year ago.
Mike McCartney, president and chief executive officer of the HTA, was quoted in a Maui News story as crediting the growth in airline seats as the driving force behind the visitor industry’s momentum.
HTA is projecting 10.7 million airline seats to Hawaii in 2013, surpassing the record of 10.6 million set in 2006.
McCartney reiterated that the authority has goals of $14.88 billion in visitor spending for 2013, based on a projected 8.17 million visitors.
As the visitor industry continues to thrive, its success will spill over to the construction, real estate and retail sectors of our economy.
* Editorials reflect the opinion of the publisher.