Sakamoto Properties

Our Blog

Luxury Maui Real Estate Blog

Luxury property, oceanfront and West Maui real estate specialists, including Kapalua and Kaanapali, bring you current Hawaii events, news, fundraising charities, art, featured property listings, and more. Subscribe to receive updates on our weekly blog!

Hawaii Visitor Industry Sets Five New Records in 2017

The year 2017 marked the 6th consecutive year of new Hawaii visitor industry records.
February 09, 2018


Hawaii Visitor Industry Sets Five New Records in 2017

Hawaii's visitor industry hit new records for the sixth year in a row at the close of 2017. When it comes to investing, slow and steady wins the race, which is why this growth is so promising for those who are planning to open a business or buy real estate on Maui. Considering that tourism is Hawaii's biggest industry, its effects are felt throughout the economy. The benefits filter into many other industries, and the housing market is just one of these.

According to the report from the Hawaii Tourism Authority, new annual records were set in five categories in 2017. These categories were arrivals, spending, generated tax revenue, trans-Pacific air seats serving Hawaii, and jobs supported statewide. 

Among the highlights were the 5.2% increase in statewide jobs supported by the tourism industry compared to 2016, the 6.2% increase in visitor spending for a total of $16.78 billion, and the resulting $1.96 billion in state tax revenue, which was a $114.76 million more than in 2016.

Of course, Maui's performance is our primary interest, and the data does not disappoint. The report revealed a 4.1% increase in visitor arrivals in 2017 for a total of 2.7 million. Spending was also up by a healthy 5.2% to $4.76 billion, and visitor days increased by 2.9%. Normally, we like to focus on long-term trends, but December's performance is worth mentioning. Visitor spending rose by no less than 16.1% to $482.8 million, visitor arrivals increased by 8%, visitor days increased by 6.5%, and average daily spending was up 9.1% to $216 per person. 

All of this visitor industry growth is especially significant, considering 2017 is the sixth record-breaking year in a row. With such steady growth over these years, analysts predict more of the same. As the visitor industry continues to strengthen, so do many other industries, which boosts demand for Maui real estate.

If you're in the market for a Maui home, we would be happy to assist you in your search for the right property to fit your needs. If we can help, you'll find our contact information at the bottom of the page. Please don't hesitate to reach out to us! Mahalo!

Blogs for February 2018

Charming Home for Sale Near Lahaina Town

Posted on February 23, 2018


Charming Home for Sale Near Lahaina Town

If you're in the market for Maui real estate with a convenient location and a lot of potential, this 3 bed, 2 bath home for sale in Lahaina may be your perfect investment. A sturdy plantation home built in the early… Continue Reading

Maui Home and Condo Sales Rise in January 2018

Posted on February 16, 2018

Maui Home and Condo Sales Rise in January 2018

It seems like we were celebrating the new year just yesterday, but we're already halfway through February! That means we get to take a look at the data for the Maui real estate market, courtesy of the wonderful folks at… Continue Reading

Hawaii Visitor Industry Sets Five New Records in 2017

Posted on February 09, 2018


Hawaii Visitor Industry Sets Five New Records in 2017

Hawaii's visitor industry hit new records for the sixth year in a row at the close of 2017. When it comes to investing, slow and steady wins the race, which is why this growth is so promising for those… Continue Reading

Luxury Kapalua Home for Sale with Sweeping Ocean Vistas

Posted on February 02, 2018

Luxury Kapalua Home for Sale with Sweeping Ocean Vistas

If you've purchased real estate in the past, you'll know how important it is to prioritize the qualities that you want in a home or condo. In luxury real estate, those qualities might include things like privacy, or energy efficiency, or… Continue Reading

Mailing Address:
Sakamoto Properties
P.O. Box 10068
Lahaina, HI 96761
Contact:
Phone: (808) 669-0070
Fax: (808) 669-1234
Info@SakamotoProperties.com
Office Address:
Sakamoto Properties
Napili Plaza
5095 Napilihau Street #203
Lahaina, Maui, HI 96761
Meyer Computer, Inc.
Web Services provided by Meyer Computer, Inc.
Web Hosting & Design