JULY HAWAII VISITOR STATISTICS

The DBEDT has released the visitor statistics for July and, as expected, they were dismal. Here are the key findings and their likely impact on Maui real estate:

• Total visitors down 22% compared to July 2007;
• Domestic arrivals down 23%;
• International visitors down 14%;
• Canadian arrivals up 10%;
• Spending per person per day down 13%;

There is no positive spin that can be put on these numbers. They stink. While Canadian arrivals are up, spending is down. We expect August to be about the same.