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Hawaii’s economy may not fully recover until 2025

Mount Equity Group Tokyo Japan > News > Markets > Hawaii’s economy may not fully recover until 2025

HONOLULU (KHON2) — In July, a total of 919,154 visitors came to Hawaii, marking a 92.4% recovery from July 2019 and the highest monthly visitor count since January 2020, according to preliminary visitor statistics released by the Department of Business, Economic Development and Tourism.

There was also an increase in visitor spending. In July, visitors spent $1.94 billion compared to $1.7 billion in July 2019, showing a 14.3% increase in spending. While the numbers are higher this year, DBEDT does not forecast a full recovery for Hawaii’s economy until 2025.

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“Therefore, as we move forward together, we must strive to achieve a healthy balance between our community, the environment, and the visitor industry,” DBEDT Director Mike McCartney said in Monday’s announcement. “This balance also includes bringing back our…

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