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Mayor Blangiardi Wants Aggressive, Smart Reopening Amid Increasing Vaccination Rates

Earlier this week, for the first time in months, Oahu parents were able to watch their children play outdoor sports. That’s just one of the adjustments ....

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UHERO predicts faster Hawaii economic recovery, citing COVID vaccines, travel demand

UHERO predicts faster Hawaii economic recovery, citing COVID vaccines, travel demand
The quarantine for inter-island travel was lifted Tuesday in Hawaii. (Source: Hawaii News Now)
By HNN Staff | May 14, 2021 at 6:19 PM HST - Updated May 14 at 6:21 PM
HONOLULU, Hawaii (HawaiiNewsNow) - The University of Hawaii Economic Research Organization predicted a faster recovery for Hawaii’s economy, citing high COVID vaccination rates and pent up demand for travel from the mainland.
In UHERO’s latest report released on Friday, experts said although full-recovery from the pandemic will take years to accomplish, the state’s economy is improving.
According to the report, increased COVID vaccinations across the country resulted in more visitors coming to Hawaii from the continental United States. ....

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UHERO Forecast: Visitors Could Reach 6.4M in 2021, 8.8M in 2022

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A new forecast from the University of Hawaii Economic Research Organization finds that, for 2021, Hawaii is bouncing back a bit faster than expected but that full recovery is still several years away.
Visitor arrivals reached half their normal levels in April and UHERO projects arrivals will reach 70% of pre-pandemic levels by late summer.
In its baseline forecast, visitation could reach 6.4 million in 2021, then 8.8 million in 2022, and just over 9 million in 2023.
For comparison, Hawaii had a record 2019 with more than 10 million visitors.
Things could go in other directions and the UHERO report includes optimistic and pessimistic forecasts around this baseline.
The optimistic scenario assumes a quicker rebound of the U.S. economy and high vaccination rates, both of which would stimulate travel. ....

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Tourists Are Returning To Hawaii, So Why Aren't Tourism Jobs?

Tourists Are Returning To Hawaii, So Why Aren t Tourism Jobs? - Honolulu Civil Beat
Tourists Are Returning To Hawaii, So Why Aren’t Tourism Jobs?
Hawaii hosted 8% more tourists in March 2021 than in March 2020 but 35% fewer hotel and restaurant jobs.
Reading time: 7 minutes.
Signs that tourists are returning to Hawaii are hard to miss: crowded beaches, lines outside tourist take-out spots, increasing foot traffic along Kalakaua Avenue in Waikiki.
The return is hardly an illusion: data shows there were substantially more tourists in Hawaii in March of this year than the same month in 2020, when Hawaii tourism was just starting to feel the effects of COVID-19. ....

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Hawaiian Electric Industries Inc (HE) Q1 2021 Earnings Call Transcript

Operator
Good day, and welcome to the Hawaiian Electric Industries, Inc. First Quarter 2021 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Julie Smolinski, Vice President of Investor Relations. Please go ahead, ma am..
Julie R. Smolinski
Vice President, Investor Relations and Corporate Sustainability
Thank you, Rocco. Welcome, everyone, to Hawaiian Electric Industries First Quarter 2021 Earnings Call. Joining me today are Connie Lau, HEI President and CEO; Greg Hazelton, HEI Executive Vice President and CFO; Scott Seu, Hawaiian Electric President and CEO; Rich Wacker, American Savings Bank President and CEO; and other members of senior management. Our press release and presentation are posted in the Investor Relations section of our website. As a reminder, forward-looking statements will be made on today s call. Factors that could cause actual results to differ materia ....

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