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Tourism Silver Lining in a Cloudy Economy
Another very positive report on how tourism is leading the Hawaii economy out of recession.
Economists at the University of Hawaii now predict that the rebounding visitor industry will begin spilling over into other economic sectors in 2011. Read the full article.
Oahu is expected to be the chief beneficiary due to the fact that more Asians travel to Oahu than they do to the neighbor Islands, and that travel segment has benefited from the strong economies in the Far East. Nevertheless, given the allure and magic of Maui and the slower paced lifestyle; we expect Maui to lead the State in sales of resort real estate….especially in the high end as it did before from 2000 to 2006.
Have a wonderful week.
Mahalo Nui Loa,
The Smith Team
P.S. Last week we featured 231 Kaupalena in Honolua Ridge Phase II. If you are interested in making an offer, now is the time to do it. Reduced again to $2.895M. Comparable homes in the neighborhood are selling for millions higher than this price. More details.