Chinese Airline Clearance Good For Honolulu Real Estate
October 26th, 2009 categories: Honolulu Real Estate 101, Rants & Riffs
The Honolulu Advertiser recently reported that Hainan Airlines was recently approved for weekly flights to Hawaii.
“State tourism liaison Marsha Wienert said the first nonstop scheduled service from China to Hawai’i could provide a big boost for the long-anticipated increase in visitors from there. Wienert said it could begin around the first of next year while the state and the airline earlier had hoped for a start date before the end of this year. “It’s very good for us,” Wienert said Friday at a meeting of the Hawai’i Tourism Authority. With Hawai’i tourism struggling out of a slump, officials are looking to China as a much needed new market.”
CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE
Since real estate values are tied to tourism, expansion into the Chinese market can only benefit our economy. Think about this, in a good year, Hawaii has 7,000,000 visitors to the state. With its billions of people, we only need a fraction of a percent of the Chinese to come to Honolulu and our market will turn around. If you wonder why a Chinese national might like Waikiki, take a look at the picture below to see what their beaches look like. 
As this Asian market grows, owning a piece of paradise will become of interest to them and, I believe, you will see upward pressure on Honolulu real estate prices.
If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.
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Let’s hope they don’t make our beached look like this. I did hear that they have the money!
It’s a real fantastic view – fields of umbrelas