Published on : Friday, February 3, 2017
One of the leading economists of the state said that the visitor arrivals might slump this year simply due to the fact that the air seats to Hawaii would decrease by 0.5% this year.
Eugene Tian, the economist, said that if the air seats are correlated with the supply side of tourism, tourist arrival would slow down by about 1.3%, at the Pacific Asia Travel Association- Travel and Tourism Research Association 2017 Outlook and Economic Forecast Forum at the Ala Moana Hotel. However, the percentage of airline seats filled (load factor) would be altering the tourist arrivals.
He added that if the load factor rises to 90%, then the tourist arrivals would start growing positively, at least by 1.8%.
The chief economist, Tian who works for the Department of Business, Economic Development and Tourism said that the state would revise its number on Wednesday when it releases its quarterly economic forecast.
His economic forecast comes just after a period of three days after the Hawaii Tourism Authority has declared that the tourist arrivals and also their spending have been on all-time highs for the fifth year in a row.
The tourist arrivals increased by 3% to 8.94 billion.
At the same time, the spending increased by 4.2% to $15.61 billion, as per the preliminary data released on Monday by the Hawaii Tourism Authority. Airlines have also claimed to have transported 12 million air seats from the mainland to global destinations to Hawaii, according to the Hawaii Tourism Authority.