The Bratton Team

Over the weekend, I noticed two encouraging signs for the near future improvement of our economy.

First is an increase in available passenger arrivals from Japan. The airlines have agreed to increase capacity by 3 1/2% starting just before our winter season. These customers are our highest spending visitors, leaving many dollars here in our economy to stay.

Second, I had a conversation with the general manager of a major Waikiki hotel, who said that 50% of his business is from Japanese customers. He also noted that as of this weekend, the yen was at 90 per dollar. This is exceptionally strong for this foreign currency, and is almost at the strongest point we’ve seen it in the past 15 years. If these Japanese visitors continue to arrive, particularly here on Oahu, we will see a nice, steady upturn in spending on the island of Oahu and hopefully, neighbor islands as well.

Leave a Reply

Your email address will not be published. Required fields are marked *