Things are slowly improving for tourism on Oahu

Small steps forward for Oahu are being made, as tourism improves slowly but surely for the island.  While it is true that overall the recession hurt Oahu far less than many places on the mainland, the overall economy of the United States and the world has impacted tourism to Oahu and all of Hawaii.  Hotel occupancy has been improving in increments, up nearly 3% for the week ending January 23rd.

Overall room rates on Oahu are down in the 10% range, lower prices meant to attract visitors.  The lower rates appear to be working as occupancy rates continue to improve, just as lower mortgages rates and tax incentives are helping to improve Oahu real estate sales.  Slowly but surely Oahu and the rest of the country are moving forward.

Click here for an article from Pacific Business Journal about hotel occupancy in Hawaii.

For more information about Kapolei Real Estate please contact John Riggins, Certified Distressed Property Expert. Click here for access to the Oahu MLS and all available listings in the Kapolei area.

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