Tourism Cycle Impacts Honolulu Real Estate

November 9th, 2009 categories: For Buyers, For Sellers

The Honolulu Advertiser is reporting that hotel occupancy rates have improved.

“After 18 consecutive months of declines in the numbers of visitors staying in Hawaii hotels, September brought a small gain in hotel occupancy — up 1.6 percentage points to 64.6 percent.”CLICK HERE TO READ THE HONOLULU ADVERTISER ARTICLE

Big things can begin with little steps. Tourism is one of the economic forces in Hawaii and it must improve for Honolulu real estate values to rise. Time will tell if this blip is the beginning of a trend or just a temporary bump. Keep in mind that the nature of a cycle is that it will change. Upward cycles will turn downward and vice versa. If you ask me, for long-term investors, now is a very good time to buy.

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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.

This entry was posted on Monday, November 9th, 2009 at 9:45 am and is filed under For Buyers, For Sellers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.