Airlines give state tourism a lift
Hawaiian expands its interisland fleet and plans to add 20 flights and hire more workers
By Dave Segal
Article from: Star-Advertiser
Hawaiian Airlines will boost its fleet with the addition of three Boeing 717-200s, which will provide more flights between Honolulu and the neighbor islands.
Hawaiian Airlines, the dominant carrier in the interisland market, will add three Boeing 717-200s to its fleet later this year which will provide about 20 more flights per day between Honolulu and the neighbor islands.
The company said Thursday it expects to hire an additional 40 to 50 pilots, flight attendants and ground staff to support the increased operations.
“With our increasing service to Hawaii from Asia, demand for our interisland flights during peak hours of the day and during popular travel periods has never been higher,” Hawaiian CEO Mark Dunkerley said. “Adding these aircraft will give us the ability to serve more customers during these periods.”
Hawaiian, which carried 83 percent of all interisland passengers last year and provided 81 percent of the seats last month according to state data, said it expects to take delivery of the three leased aircraft in September, October and November. It said the increased service will begin in October. The airline said service will be expanded to Kahului, Lihue, Hilo and Kona during peak travel periods. The 717s seat up to 123 passengers each.
“The increased capacity will help to support the HTA’s goal to promote the Hawaiian Islands and encourage multi-island travel that will boost visitor arrivals and spending on the neighbor islands,” Hawaii Tourism Authority CEO Mike McCartney said.
In addition, Hawaiian said it has purchased its existing fleet of 15 leased 717s from Boeing Capital Corp. in a refinancing transaction that reduces its fleet costs over the long term. The airline also signed multiyear leases with Boeing Capital for the three additional 717s. Terms of the deals were not disclosed.
“Hawaiian’s decision to expand its fleet and move from operator to owner is a further vote for the world’s best 100-seat airliner by an experienced and valued customer,” said Jordan Weltman, Boeing Capital president for the Americas region.
The airline also has in its fleet 17 Boeing 767-300ERS and four Airbus A330-200s. Those planes are used for mainland and international flights. The 767s seat up to 264 passengers, and the A330s can carry 294 passengers.
STRETCHING ITS WINGS
Hawaiian Airlines commands a majority of the interisland market:
INTERISLAND PASSENGERS IN 2010
Hawaiian Airlines 83%
Go! 9%
Island Air 5%
Mokulele 1%
Japan Airlines 1%
Pacific Wings 0%
Trans Air 0%
Big Island Air 0%
Source: State Department of Transportation Airport Division
INTERISLAND SCHEDULED AIRLINE SEATS FOR JUNE:
Hawaiian Airlines 80.9%
Go! 8.5%
Island Air 7.7%
Mokulele 1.5%
Pacific Wings 1.4%
Source: OAG Aviation
Wednesday, July 6, 2011
Saturday, July 2, 2011
Hawaiian Airlines Expands Its Interisland Fleet ~ More Positive Tourism and Economic Indicators
Airlines give state tourism a lift
Hawaiian expands its interisland fleet and plans to add 20 flights and hire more workers
By Dave Segal
Article from: Star-Advertiser
Hawaiian Airlines will boost its fleet with the addition of three Boeing 717-200s, which will provide more flights between Honolulu and the neighbor islands.
Hawaiian Airlines, the dominant carrier in the interisland market, will add three Boeing 717-200s to its fleet later this year which will provide about 20 more flights per day between Honolulu and the neighbor islands.
The company said Thursday it expects to hire an additional 40 to 50 pilots, flight attendants and ground staff to support the increased operations.
“With our increasing service to Hawaii from Asia, demand for our interisland flights during peak hours of the day and during popular travel periods has never been higher,” Hawaiian CEO Mark Dunkerley said. “Adding these aircraft will give us the ability to serve more customers during these periods.”
Hawaiian, which carried 83 percent of all interisland passengers last year and provided 81 percent of the seats last month according to state data, said it expects to take delivery of the three leased aircraft in September, October and November. It said the increased service will begin in October. The airline said service will be expanded to Kahului, Lihue, Hilo and Kona during peak travel periods. The 717s seat up to 123 passengers each.
“The increased capacity will help to support the HTA’s goal to promote the Hawaiian Islands and encourage multi-island travel that will boost visitor arrivals and spending on the neighbor islands,” Hawaii Tourism Authority CEO Mike McCartney said.
In addition, Hawaiian said it has purchased its existing fleet of 15 leased 717s from Boeing Capital Corp. in a refinancing transaction that reduces its fleet costs over the long term. The airline also signed multiyear leases with Boeing Capital for the three additional 717s. Terms of the deals were not disclosed.
“Hawaiian’s decision to expand its fleet and move from operator to owner is a further vote for the world’s best 100-seat airliner by an experienced and valued customer,” said Jordan Weltman, Boeing Capital president for the Americas region.
The airline also has in its fleet 17 Boeing 767-300ERS and four Airbus A330-200s. Those planes are used for mainland and international flights. The 767s seat up to 264 passengers, and the A330s can carry 294 passengers.
STRETCHING ITS WINGS
Hawaiian Airlines commands a majority of the interisland market:
INTERISLAND PASSENGERS IN 2010
Hawaiian Airlines 83%
Go! 9%
Island Air 5%
Mokulele 1%
Japan Airlines 1%
Pacific Wings 0%
Trans Air 0%
Big Island Air 0%
Source: State Department of Transportation Airport Division
INTERISLAND SCHEDULED AIRLINE SEATS FOR JUNE:
Hawaiian Airlines 80.9%
Go! 8.5%
Island Air 7.7%
Mokulele 1.5%
Pacific Wings 1.4%
Source: OAG Aviation
Hawaiian expands its interisland fleet and plans to add 20 flights and hire more workers
By Dave Segal
Article from: Star-Advertiser
Hawaiian Airlines will boost its fleet with the addition of three Boeing 717-200s, which will provide more flights between Honolulu and the neighbor islands.
Hawaiian Airlines, the dominant carrier in the interisland market, will add three Boeing 717-200s to its fleet later this year which will provide about 20 more flights per day between Honolulu and the neighbor islands.
The company said Thursday it expects to hire an additional 40 to 50 pilots, flight attendants and ground staff to support the increased operations.
“With our increasing service to Hawaii from Asia, demand for our interisland flights during peak hours of the day and during popular travel periods has never been higher,” Hawaiian CEO Mark Dunkerley said. “Adding these aircraft will give us the ability to serve more customers during these periods.”
Hawaiian, which carried 83 percent of all interisland passengers last year and provided 81 percent of the seats last month according to state data, said it expects to take delivery of the three leased aircraft in September, October and November. It said the increased service will begin in October. The airline said service will be expanded to Kahului, Lihue, Hilo and Kona during peak travel periods. The 717s seat up to 123 passengers each.
“The increased capacity will help to support the HTA’s goal to promote the Hawaiian Islands and encourage multi-island travel that will boost visitor arrivals and spending on the neighbor islands,” Hawaii Tourism Authority CEO Mike McCartney said.
In addition, Hawaiian said it has purchased its existing fleet of 15 leased 717s from Boeing Capital Corp. in a refinancing transaction that reduces its fleet costs over the long term. The airline also signed multiyear leases with Boeing Capital for the three additional 717s. Terms of the deals were not disclosed.
“Hawaiian’s decision to expand its fleet and move from operator to owner is a further vote for the world’s best 100-seat airliner by an experienced and valued customer,” said Jordan Weltman, Boeing Capital president for the Americas region.
The airline also has in its fleet 17 Boeing 767-300ERS and four Airbus A330-200s. Those planes are used for mainland and international flights. The 767s seat up to 264 passengers, and the A330s can carry 294 passengers.
STRETCHING ITS WINGS
Hawaiian Airlines commands a majority of the interisland market:
INTERISLAND PASSENGERS IN 2010
Hawaiian Airlines 83%
Go! 9%
Island Air 5%
Mokulele 1%
Japan Airlines 1%
Pacific Wings 0%
Trans Air 0%
Big Island Air 0%
Source: State Department of Transportation Airport Division
INTERISLAND SCHEDULED AIRLINE SEATS FOR JUNE:
Hawaiian Airlines 80.9%
Go! 8.5%
Island Air 7.7%
Mokulele 1.5%
Pacific Wings 1.4%
Source: OAG Aviation
Friday, July 1, 2011
Happy Canada Day!
Happy Canada Day!
The Hansen Ohana extends are best wishes for a happy and safe Canada Day to our Canadian friends, clients and family. As many of you know two of our ohana were born and raised in Canada – it’s another reason we feel we are well suited to best meet the needs of Canadian clients. Clients often comment on how smooth the process is and how comfortable we are able to make them during the property purchase or sale process. In addition to our vast experience with international buyers and sellers in general and multigenerational local industry knowledge we have team members who understand and have been through the Maui home buying and selling process from Canada first hand.
Please call or email us anytime to discuss questions you might have or to discuss your property search goals and dreams.
1-800-291-5535 or (808)280-2764
Clinthansen33@gmail.com or Dad@MauiRealEstate.NET
A little trivia about Canada Day (formerly known as Dominion Day):
Canadian Confederation, the birth of Canada as a nation, took place on July 1, 1867, and originally included the provinces of Nova Scotia, New Brunswick, Ontario and Quebec. There are now 10 provinces and three territories in Canada.
Province / Territory Date Entered Confederation
Alberta September 1, 1905
British Columbia July 20, 1871
Manitoba July 15, 1870
New Brunswick July 1, 1867
Newfoundland March 31, 1949
Northwest Territories July 15, 1870
Nova Scotia July 1, 1867
Nunavut April 1, 1999
Ontario July 1, 1867
Prince Edward Island July 1, 1873
Quebec July 1, 1867
Saskatchewan September 1, 1905
Yukon June 13, 1898
We’re all familiar with the red and white Candian flag with the maple leaf in the middle, but it wasn’t until 1965 that Canada had a flag of her own.
Happy Canada Day!
The Hansen Ohana extends are best wishes for a happy and safe Canada Day to our Canadian friends, clients and family. As many of you know two of our ohana were born and raised in Canada – it’s another reason we feel we are well suited to best meet the needs of Canadian clients. Clients often comment on how smooth the process is and how comfortable we are able to make them during the property purchase or sale process. In addition to our vast experience with international buyers and sellers in general and multigenerational local industry knowledge we have team members who understand and have been through the Maui home buying and selling process from Canada first hand.
Please call or email us anytime to discuss questions you might have or to discuss your property search goals and dreams.
1-800-291-5535 or (808)280-2764
Clinthansen33@gmail.com or Dad@MauiRealEstate.NET
A little trivia about Canada Day (formerly known as Dominion Day):
Canadian Confederation, the birth of Canada as a nation, took place on July 1, 1867, and originally included the provinces of Nova Scotia, New Brunswick, Ontario and Quebec. There are now 10 provinces and three territories in Canada.
Province / Territory Date Entered Confederation
Alberta September 1, 1905
British Columbia July 20, 1871
Manitoba July 15, 1870
New Brunswick July 1, 1867
Newfoundland March 31, 1949
Northwest Territories July 15, 1870
Nova Scotia July 1, 1867
Nunavut April 1, 1999
Ontario July 1, 1867
Prince Edward Island July 1, 1873
Quebec July 1, 1867
Saskatchewan September 1, 1905
Yukon June 13, 1898
We’re all familiar with the red and white Candian flag with the maple leaf in the middle, but it wasn’t until 1965 that Canada had a flag of her own.
Happy Canada Day!
Thursday, June 30, 2011
Hawaii Ranks High In Survey Of Nation’s Ocean Water Quality
Report puts isle beaches in top 4 for clean water
Only 3 percent of shoreline samples exceeded health standards last year
By Allison Schaefers
Article from: Star-Advertiser
Hawaii ranks No. 4 in the nation in an environmental group’s annual survey of ocean water quality analyzed from government data in 30 coastal states.
A report indicating that Hawaii beachgoers swam in some of the nation’s cleanest ocean water last year brings bragging rights for residents and the tourism industry.
Hawaii had the fourth cleanest beach water of 30 coastal states surveyed in the 21st annual beach water quality report released Wednesday by the Natural Resources Defense Council. Only 3 percent of Hawaii’s water samples exceeded health standards in 2010, the environmental group said.
“Clean beach water is not only good for public health, it supports healthy coastal economies that generate billions of dollars and support millions of American jobs,” said David Beckman, director of the NRDC Water Program.”
Mike McCartney, Hawaii Tourism Authority president and chief executive, characterized Hawaii’s ranking as “priceless,” especially as the visitor industry heads deeper into summer.
“It’s good news for Hawaii and it’s good news for the visitor industry,” McCartney said. “It will enhance the momentum that we want to continue in the market.”
Water quality ratings in the NRDC’s report, which analyzes government data on beach water testing results, varied by island and beach. While only 1 percent of Oahu’s samples exceeded health standards, rates were 2 percent for Maui and Hawaii and 8 percent for Kauai.
The report singled out three Kauai beaches as having water samples that exceeded state standards. They were Lumahai Beach with 29 percent of samples, Kalihiwai Bay, 27 percent, and Waimea Recreation Pier State Park, 24 percent.
“All three of these beaches are near rivers and sometimes get runoff,” said Sue Kanoho, director of the Kauai Visitors and Convention Bureau. “The good news is that we have not had any complaints about people going into these waters and getting sick and the (state) Department of Health has not cited any problems.”
Other Kauai beaches such as Anahola, Poipu and Brennecke received good reports, Kanoho said.
Hanauma Bay and Kuhio Beach near the Royal Hawaiian and the Westin Moana Surfrider were among examples of Oahu’s cleanest beaches.
Settling ponds help divert runoff and keep Hanauma Bay clear, said Alan Hong, who was its longtime property manager before retiring on June 1.
"These ponds catch the parking area and lawn runoff and filter out silt and trap chemicals,” Hong said.
Ahmed Maqbool of Fremont, Calif., who was playing in the ocean near Waikiki on Wednesday, said Hawaii’s clean beaches are a strong selling point.
“For me, this beach is much cleaner than others,” Maqbool said. “San Francisco is a beautiful city, but some of its beaches are dirty and you wouldn’t want to swim there.”
California beaches were the 22nd worst for pollution standards among coastal states, the NRDC report said.
Beckman said he uses the report to make decisions about where to swim with his family and that the public should, too.
“Water quality matters,” he said. “You don’t want to go swimming and end up with a rash or something worse.”
Only 3 percent of shoreline samples exceeded health standards last year
By Allison Schaefers
Article from: Star-Advertiser
Hawaii ranks No. 4 in the nation in an environmental group’s annual survey of ocean water quality analyzed from government data in 30 coastal states.
A report indicating that Hawaii beachgoers swam in some of the nation’s cleanest ocean water last year brings bragging rights for residents and the tourism industry.
Hawaii had the fourth cleanest beach water of 30 coastal states surveyed in the 21st annual beach water quality report released Wednesday by the Natural Resources Defense Council. Only 3 percent of Hawaii’s water samples exceeded health standards in 2010, the environmental group said.
“Clean beach water is not only good for public health, it supports healthy coastal economies that generate billions of dollars and support millions of American jobs,” said David Beckman, director of the NRDC Water Program.”
Mike McCartney, Hawaii Tourism Authority president and chief executive, characterized Hawaii’s ranking as “priceless,” especially as the visitor industry heads deeper into summer.
“It’s good news for Hawaii and it’s good news for the visitor industry,” McCartney said. “It will enhance the momentum that we want to continue in the market.”
Water quality ratings in the NRDC’s report, which analyzes government data on beach water testing results, varied by island and beach. While only 1 percent of Oahu’s samples exceeded health standards, rates were 2 percent for Maui and Hawaii and 8 percent for Kauai.
The report singled out three Kauai beaches as having water samples that exceeded state standards. They were Lumahai Beach with 29 percent of samples, Kalihiwai Bay, 27 percent, and Waimea Recreation Pier State Park, 24 percent.
“All three of these beaches are near rivers and sometimes get runoff,” said Sue Kanoho, director of the Kauai Visitors and Convention Bureau. “The good news is that we have not had any complaints about people going into these waters and getting sick and the (state) Department of Health has not cited any problems.”
Other Kauai beaches such as Anahola, Poipu and Brennecke received good reports, Kanoho said.
Hanauma Bay and Kuhio Beach near the Royal Hawaiian and the Westin Moana Surfrider were among examples of Oahu’s cleanest beaches.
Settling ponds help divert runoff and keep Hanauma Bay clear, said Alan Hong, who was its longtime property manager before retiring on June 1.
"These ponds catch the parking area and lawn runoff and filter out silt and trap chemicals,” Hong said.
Ahmed Maqbool of Fremont, Calif., who was playing in the ocean near Waikiki on Wednesday, said Hawaii’s clean beaches are a strong selling point.
“For me, this beach is much cleaner than others,” Maqbool said. “San Francisco is a beautiful city, but some of its beaches are dirty and you wouldn’t want to swim there.”
California beaches were the 22nd worst for pollution standards among coastal states, the NRDC report said.
Beckman said he uses the report to make decisions about where to swim with his family and that the public should, too.
“Water quality matters,” he said. “You don’t want to go swimming and end up with a rash or something worse.”
Wednesday, June 29, 2011
Visitor Spending in Hawaii Up $50.9 Million in May To $912.3 Million
Visitor spending up $50.9 million in May
Though Hawaii arrivals showed only marginal gains, the amount paid out rose 5.9 percent from a year ago
By Allison Schaefers
Article from: Star-Advertiser
Visitors spent an average of $10 more a day in May than in May 2010, the Hawaii Tourism Authority reported Tuesday. Last month, 553,505 visitors came to Hawaii and spent $912.3 million.
Hawaii’s visitor industry continued rebounding in May, and the momentum is expected to build through summer.
VISITOR ARRIVALS
The number of visitors arriving in Hawaii by air in May with the percentage change from the same month last year:
VISITORS PCT.
Domestic 411,758 2.8%
International 137,101 -6.5%
Total 548,859 0.3%
Grand total* 553,505 0.6%
BY ISLAND
Oahu 345,147 0.3%
Kauai 81,632 5.5%
Lanai 6,105 6.8%
Maui 161,039 0.6%
Molokai 3,587 -2.3%
Big Island 96,504 1.8%
* Includes ship arrivals
Although total visitor arrivals remained essentially flat in May due to the continued drop in Japan arrivals, total visitor spending grew 5.9 percent, the Hawaii Tourism Authority said Tuesday. The $50.9 million gain from May 2010 was the 13th consecutive month of increased visitor spending, HTA officials said. The 553,505 visitors that came to Hawaii in May spent a total of $912.3 million. Average daily spending rose by $10 to $185 a day.
The numbers show that the industry is regaining strength in 2011, said Mike McCartney, HTA president and chief executive.
“We anticipate activity to remain strong through the second half of the year, with increased airlift out of Asia and Oceania, and the establishment of the China Eastern Airlines service from Honolulu to Shanghai beginning in August,” McCartney said. “Our goal is to build on this momentum so that tourism can continue to drive Hawaii’s economic recovery.”
While continued effects from the March 11 earthquake and tsunami in Japan depressed tourism in the second quarter, numbers from elsewhere were not as bad as anticipated, said Shari Chang, senior vice president of marketing and revenue management at Aston Hotels & Resorts.
In May, arrivals from Canada grew 19 percent helping to offset a 17.1 percent drop from Japan and minimal gains from other markets, according to the HTA. Arrivals from Hawaii’s core U.S. West market grew 0.8 percent, while arrivals from the U.S. East rose 1.8 percent.
SHOW ME THE MONEY
The monthly visitor expenditures of visitors to Hawaii and the percentage change from the year-ago period.
2011
Month Spent Change
May $912.3M +5.9%
April $920.7M +20.2%
March $980.7M +11.8%
February $1.01B +18.7%
January $1.18B +19.8%
YTD total $5.01B +15.3%
2010
Month Spent Change
December $1.11B +17.9%
November $976.0M +30.4%
October $961.5M +24.7%
September $880.2M +22.2%
August $1.08B +30.0%
July $1.11B +23.3%
June $948.9M +16.1%
May $861.4M +15.9%
April $765.8M -0.7%
March $877.3M +12.0%
February $853.5M +0.8%
January $985.8M +4.1%
YTD total $11.4B +16.2%
Source: Hawaii Tourism Authority
For the first five months of the year, overall visitor spending was up 15.3 percent to $5 billion, and total arrivals grew by 6.7 percent to about 2.96 million visitors, HTA reported.
“Most of us are cautiously optimistic,” Chang said. “Moving into summer, we were concerned about gas and oil prices. But those seemed to have settled, and customers are adapting.”
Elaine and Doug Walker, who were walking Waikiki Beach on Tuesday with their 4-year-old daughter, Elise, said that they used airline points to offset higher fares to Honolulu. They also flew from Bellingham, Wash., instead of Seattle, Elaine Walker said.
“They added a new nonstop and offered fares that were about $160 cheaper,” Elaine Walker said. “It pays to shop around.”
Travelers responded strongly to discount summer specials launched in April and May by Pleasant Holidays LLC, Hawaii’s largest wholesaler.
“June was up by double digits,” said Jack Richards, Pleasant’s president and CEO. He said he expects July will see the same increase.
In the next day or so, Pleasant will launch specials for August travel, which is coming in slow, Richards said.
“These are probably going to be the best Hawaii prices of the year,” he said.
Summer travelers will have their pick of hotel values, especially in Waikiki and in Kona, said Barry Wallace, executive vice president of hospitality services for Outrigger Enterprises.
While hoteliers have enjoyed some summer rate growth, Wallace said the five or so large group properties in Waikiki that lost the most Japanese business are offering specials, hindering rate growth at other properties. Some Kona hotels are still recovering from the loss of Japan Airlines flights, he said.
“Most years, if you waited until now to book Hawaii, you’d have a hard time,” Wallace. “This year, you’ll not only get a room, but chances are that you’ll get a great rate, too.”
None of the hotels are discount crazy like they were at the bottom of the market; however, travelers still can come away with a deal, Chang said.
“There are some really strong packages out there,” she said. “Hotels don’t want to advertise really low rates, so they’ll fold them into opaque channels like Priceline where it’s harder for consumers to see them.”
Reasonable rates encouraged the Mickels family of Fort Worth, Texas, to book a long-awaited Oahu trip, said Kim Mickels, who was sunbathing Tuesday as her children enjoyed Waikiki’s sand and surf.
“We’ve been wanting to come for about 10 years,” Mickels said. “We thought prices were very reasonable.”
GAINING STRENGTH
The monthly total and percentage
change in visitor arrivals to Hawaii.
2011
Month Arrivals Change
May 553,505 +0.6%
April 581,324 +5.3%
March 633,365 +4.2%
February 593,018 +11.7%
January 597,487 +12.2%
YTD total 2,958,699 +6.7%
2010
Month Arrivals Change
December 633,730 +9.6%
November 577,540 +18.2%
October 574,425 +13.6%
September 538,516 +8.9%
August 680,496 +11.8%
July 680,743 +9.0%
June 625,522 +13.6%
May 549,954 +6.5%
April 552,059 +1.9%
March 607,709 +9.3%
February 531,094 +0.7%
January 532,737 +2.0%
YTD total 7,084,525 +8.7%
Source: Hawaii Tourism Authority
Though Hawaii arrivals showed only marginal gains, the amount paid out rose 5.9 percent from a year ago
By Allison Schaefers
Article from: Star-Advertiser
Visitors spent an average of $10 more a day in May than in May 2010, the Hawaii Tourism Authority reported Tuesday. Last month, 553,505 visitors came to Hawaii and spent $912.3 million.
Hawaii’s visitor industry continued rebounding in May, and the momentum is expected to build through summer.
VISITOR ARRIVALS
The number of visitors arriving in Hawaii by air in May with the percentage change from the same month last year:
VISITORS PCT.
Domestic 411,758 2.8%
International 137,101 -6.5%
Total 548,859 0.3%
Grand total* 553,505 0.6%
BY ISLAND
Oahu 345,147 0.3%
Kauai 81,632 5.5%
Lanai 6,105 6.8%
Maui 161,039 0.6%
Molokai 3,587 -2.3%
Big Island 96,504 1.8%
* Includes ship arrivals
Although total visitor arrivals remained essentially flat in May due to the continued drop in Japan arrivals, total visitor spending grew 5.9 percent, the Hawaii Tourism Authority said Tuesday. The $50.9 million gain from May 2010 was the 13th consecutive month of increased visitor spending, HTA officials said. The 553,505 visitors that came to Hawaii in May spent a total of $912.3 million. Average daily spending rose by $10 to $185 a day.
The numbers show that the industry is regaining strength in 2011, said Mike McCartney, HTA president and chief executive.
“We anticipate activity to remain strong through the second half of the year, with increased airlift out of Asia and Oceania, and the establishment of the China Eastern Airlines service from Honolulu to Shanghai beginning in August,” McCartney said. “Our goal is to build on this momentum so that tourism can continue to drive Hawaii’s economic recovery.”
While continued effects from the March 11 earthquake and tsunami in Japan depressed tourism in the second quarter, numbers from elsewhere were not as bad as anticipated, said Shari Chang, senior vice president of marketing and revenue management at Aston Hotels & Resorts.
In May, arrivals from Canada grew 19 percent helping to offset a 17.1 percent drop from Japan and minimal gains from other markets, according to the HTA. Arrivals from Hawaii’s core U.S. West market grew 0.8 percent, while arrivals from the U.S. East rose 1.8 percent.
SHOW ME THE MONEY
The monthly visitor expenditures of visitors to Hawaii and the percentage change from the year-ago period.
2011
Month Spent Change
May $912.3M +5.9%
April $920.7M +20.2%
March $980.7M +11.8%
February $1.01B +18.7%
January $1.18B +19.8%
YTD total $5.01B +15.3%
2010
Month Spent Change
December $1.11B +17.9%
November $976.0M +30.4%
October $961.5M +24.7%
September $880.2M +22.2%
August $1.08B +30.0%
July $1.11B +23.3%
June $948.9M +16.1%
May $861.4M +15.9%
April $765.8M -0.7%
March $877.3M +12.0%
February $853.5M +0.8%
January $985.8M +4.1%
YTD total $11.4B +16.2%
Source: Hawaii Tourism Authority
For the first five months of the year, overall visitor spending was up 15.3 percent to $5 billion, and total arrivals grew by 6.7 percent to about 2.96 million visitors, HTA reported.
“Most of us are cautiously optimistic,” Chang said. “Moving into summer, we were concerned about gas and oil prices. But those seemed to have settled, and customers are adapting.”
Elaine and Doug Walker, who were walking Waikiki Beach on Tuesday with their 4-year-old daughter, Elise, said that they used airline points to offset higher fares to Honolulu. They also flew from Bellingham, Wash., instead of Seattle, Elaine Walker said.
“They added a new nonstop and offered fares that were about $160 cheaper,” Elaine Walker said. “It pays to shop around.”
Travelers responded strongly to discount summer specials launched in April and May by Pleasant Holidays LLC, Hawaii’s largest wholesaler.
“June was up by double digits,” said Jack Richards, Pleasant’s president and CEO. He said he expects July will see the same increase.
In the next day or so, Pleasant will launch specials for August travel, which is coming in slow, Richards said.
“These are probably going to be the best Hawaii prices of the year,” he said.
Summer travelers will have their pick of hotel values, especially in Waikiki and in Kona, said Barry Wallace, executive vice president of hospitality services for Outrigger Enterprises.
While hoteliers have enjoyed some summer rate growth, Wallace said the five or so large group properties in Waikiki that lost the most Japanese business are offering specials, hindering rate growth at other properties. Some Kona hotels are still recovering from the loss of Japan Airlines flights, he said.
“Most years, if you waited until now to book Hawaii, you’d have a hard time,” Wallace. “This year, you’ll not only get a room, but chances are that you’ll get a great rate, too.”
None of the hotels are discount crazy like they were at the bottom of the market; however, travelers still can come away with a deal, Chang said.
“There are some really strong packages out there,” she said. “Hotels don’t want to advertise really low rates, so they’ll fold them into opaque channels like Priceline where it’s harder for consumers to see them.”
Reasonable rates encouraged the Mickels family of Fort Worth, Texas, to book a long-awaited Oahu trip, said Kim Mickels, who was sunbathing Tuesday as her children enjoyed Waikiki’s sand and surf.
“We’ve been wanting to come for about 10 years,” Mickels said. “We thought prices were very reasonable.”
GAINING STRENGTH
The monthly total and percentage
change in visitor arrivals to Hawaii.
2011
Month Arrivals Change
May 553,505 +0.6%
April 581,324 +5.3%
March 633,365 +4.2%
February 593,018 +11.7%
January 597,487 +12.2%
YTD total 2,958,699 +6.7%
2010
Month Arrivals Change
December 633,730 +9.6%
November 577,540 +18.2%
October 574,425 +13.6%
September 538,516 +8.9%
August 680,496 +11.8%
July 680,743 +9.0%
June 625,522 +13.6%
May 549,954 +6.5%
April 552,059 +1.9%
March 607,709 +9.3%
February 531,094 +0.7%
January 532,737 +2.0%
YTD total 7,084,525 +8.7%
Source: Hawaii Tourism Authority
Friday, June 24, 2011
Interesting Article On The Importance Of Getting To Know Your “Neighborhood”
7 neighborhood threats to your home’s value
Who — or what — is next door can affect how much people will pay for your home.
By Brian O’Connell of MainStreet
Article from:www.msn.com
Bad neighbors can be a serious problem, according to the Appraisal Institute. An unkempt yard, proximity to a sex offender or having certain commercial facilities nearby, such as a power plant or funeral home, can reduce the value of surrounding homes by as much as 15%.
“The impact can vary tremendously, depending on a few factors: how ‘bad’ the bad neighbor is, the kind of neighborhood you’re located in and the type of market that exists,” says Carlos Gobel, director of residential services at Integra Realty Resources in Miami.
But what exactly is a “bad” neighbor? Definitions vary, but real-estate professionals say it boils down to any home or business that turns people off.
“A bad neighbor is one that has no consideration for the rest of the community,” says Mindy Pordes, co-founder of Pordes Residential Sales & Marketing in Aventura, Fla. “For example, someone who doesn’t take care of the outside appearance of the home, such as the gardening, painting of the outside of the home, roof, garbage and general upkeep. In addition, a bad neighbor may have constant visitors taking up parking spaces, perhaps on the street, loud house parties, dogs that bark all night or stray cats lingering around.”
What’s your home worth?
A “bad” neighbor can also be a business or government enterprise whose very existence drives down the value of your property. Here are seven surprising neighbors that can reduce your home’s value:
Power plants. The data are fairly clear on the impact of a power plant on nearby home values — it usually hurts them. A study (PDF) from the University of California at Berkeley shows that home values within two miles of a power plant can be decreased between 4% and 7%.
Landfills. A study (PDF) from the Pima County, Ariz., assessor’s office shows that a subdivision near a landfill loses 6% to 10% in value compared with a subdivision that isn’t near a landfill — all other residential factors being equal, including house size, school quality and residential incomes.
Robert A. Simons, an urban planning professor at Cleveland State University, says that if you live within two miles of a Superfund site — a landfill that the government designates as a hazardous-waste site — your home’s value could decline by up to 15%.
Sex offenders. Living near a registered sex offender is one of the biggest downward drivers of home values. Researchers at Longwood University in Farmville, Va., concluded that the closer you live to a sex offender, the more your home will depreciate. In the paper, “Estimating the Effect of Crime Risk on Property Values and Time on Market: Evidence from Megan’s Law in Virginia,” Longwood researchers say, “The presence of a registered sex offender living within one-tenth of a mile reduces home values by about 9%, and these same homes take as much as 10% longer to sell than homes not located near registered sex offenders.”
Delinquent bill payers. One surprising way neighbors can bring down the value of surrounding homes, especially in town home or condo communities, is by not paying their maintenance fees or mortgages. “Bad neighbors bring values down by not paying their maintenance fees, in some cases their mortgage payments, and not maintaining the home’s appearance,” Pordes says. “These homeowners usually do not care about real-estate values.”
Foreclosed homes. Perhaps the biggest single factor that drives nearby home values down is a foreclosure. A recent study by the Massachusetts Institute of Technology concludes that the value of homes within 250 feet of a foreclosed property will decrease by 1% per foreclosure, on average. Federal Reserve Governor Joseph Tracy said recently in his economic outlook for 2011: “The growing inventory of defaulted mortgages continues to weigh down any recovery in the housing market … Problems in housing markets can impact economic growth.”
Lackluster landscaping. Studies show that lawn care has a big impact on surrounding home values. Virginia Tech University released a report stating that pristine landscaping can jack up the value of a home by 5% to 11%.
Closed schools. Sometimes, neighborhood problems can stem from local government action. For example, if a cash-strapped city or town closes a neighborhood school, that can easily steer home values south. The National Association of Realtors says 75% of home shoppers say the quality and availability of schools in the neighborhood is either “somewhat important” or “very important.”
So can you fight back against problem neighbors? In the case of a landfill, power plant or sex offender, your options are severely limited. As long as your neighbors are following the letter of the law, you’ll just have to grin and bear it — or move. If not, you have every right to petition your local government authorities for a grievance and at least get the matter reviewed.
If it’s a residential property causing the problem, however, you might have better options.
For starters, you can leave a polite letter in the offending homeowner’s mailbox to get his attention. In addition, Pordes says that if the home is within a homeowners association or condo association, the association can send letters to the homeowner and deny him community privileges to encourage him to comply with the community rules and maintain home values.
Most cities and towns have ordinances against messy yards and junk-laden driveways, so check your community’s rules and regulations to see what applies.
Unfortunately, many cities and towns also have landfills, power plants and other less-than-desirable commercial-sized neighbors.
Most likely, you’re just going to have to live with them.
By Brian O’Connell of MainStreet
Article from:www.msn.com
Thursday, June 23, 2011
Interesting Article For Buyers Considering Purchasing A Foreclosed Property
This article was reported by Holden Lewis for Bankrate.com.
Is it safe to buy a foreclosure?
At first, bank-owned houses seemed like some of the best bargains in town, but then the robo-signing controversy made buying seem like a risky proposition.
It’s safe to buy a previously foreclosed-upon house if title insurance is available on it, experts say.
The “robo-signing” scandal — in which banks and law firms cut corners on foreclosure paperwork — caused some lenders to suspend foreclosures this fall while they reviewed their procedures.
What would happen to the buyer of a foreclosed house if the home previously had been wrongly repossessed?
As long as the new lender and new owner have title insurance, the former owner can’t seize the home back.
The new owner will keep the house, and the displaced former owner might be compensated with money.
“To the extent that a borrower who was foreclosed upon has recourse, it’s against the foreclosing lender, and they can seek monetary damages. But the property’s gone,” says Mark Skilling, the chief operating officer and general counsel for ForeclosureRadar, an online foreclosure data marketplace.
“The current owner who got title insurance — they get to keep the property. They’re a good-faith purchaser,” Skilling says.
That’s welcome news for homebuyers who rummage through the bargain bin of foreclosed houses.
Few consumers buy houses at foreclosure auctions. More commonly, consumers buy foreclosed properties from the banks that seized them.
The term for such houses is REO, for real-estate owned by a bank. Some real-estate agents specialize in selling REO properties.
A good share of REO houses are decrepit. Many sit empty for months before they are sold, and they end up in such bad shape that they are ineligible for mortgages. Investors often buy these REOs with cash, fix them up and sell them, just like the house flippers of the boom years.
Whether bought from the bank or from a flipper, almost all REOs are listed through real-estate agents.
Armando Montelongo, the former host of “Flip This House” on the A & E network, says certain phrases in the listing — such as “completely rehabbed” or “newly remodeled” — are signs that the dwelling was a foreclosure and is now in good-enough shape to be eligible for a home loan.
“It’s the benefit of buying an REO from somebody who flips properties, versus buying an REO straight from the bank,” says Montelongo, who lives in San Antonio.
Properties with a past:
However the foreclosed house ends up in a buyer’s hands, issues that lurk in the property’s past could “cloud title” — cast uncertainty on the buyer’s ownership rights. Title insurance protects against such defects in the title, such as undiscovered liens, forged signatures or defects in documentation.
There are two types of title policies. Lenders policies protect lenders, and owners policies protect owners. A mortgage lender always requires a lender’s title policy.
Owners policies are optional and are recommended for properties that have been through foreclosure.
“From the consumer’s perspective, I don’t think they have a lot to fear as long as they’re able to purchase title insurance on an REO property,” says Ivan Choi, national default sales executive for New Vista Asset Management in San Diego. “By and large, the title companies are still out offering policies.
There have been reports that title insurers have refused to issue policies on some homes foreclosed by lenders involved in the robo-signing scandal. Responding to these reports, Fidelity National Financial — the largest mortgage insurance company — issued a statement that “this situation will not have a material adverse impact on its title business.”
The statement said “new owners and their lenders would have the rights of good-faith purchasers which should not be affected by potential defects in documentation.”
Those “good-faith purchasers” won’t be kicked out of their houses, Skilling says. He adds that Fidelity’s message is that “they’re still going to underwrite on REO properties.”
This article was reported by Holden Lewis for Bankrate.com.
Is it safe to buy a foreclosure?
At first, bank-owned houses seemed like some of the best bargains in town, but then the robo-signing controversy made buying seem like a risky proposition.
It’s safe to buy a previously foreclosed-upon house if title insurance is available on it, experts say.
The “robo-signing” scandal — in which banks and law firms cut corners on foreclosure paperwork — caused some lenders to suspend foreclosures this fall while they reviewed their procedures.
What would happen to the buyer of a foreclosed house if the home previously had been wrongly repossessed?
As long as the new lender and new owner have title insurance, the former owner can’t seize the home back.
The new owner will keep the house, and the displaced former owner might be compensated with money.
“To the extent that a borrower who was foreclosed upon has recourse, it’s against the foreclosing lender, and they can seek monetary damages. But the property’s gone,” says Mark Skilling, the chief operating officer and general counsel for ForeclosureRadar, an online foreclosure data marketplace.
“The current owner who got title insurance — they get to keep the property. They’re a good-faith purchaser,” Skilling says.
That’s welcome news for homebuyers who rummage through the bargain bin of foreclosed houses.
Few consumers buy houses at foreclosure auctions. More commonly, consumers buy foreclosed properties from the banks that seized them.
The term for such houses is REO, for real-estate owned by a bank. Some real-estate agents specialize in selling REO properties.
A good share of REO houses are decrepit. Many sit empty for months before they are sold, and they end up in such bad shape that they are ineligible for mortgages. Investors often buy these REOs with cash, fix them up and sell them, just like the house flippers of the boom years.
Whether bought from the bank or from a flipper, almost all REOs are listed through real-estate agents.
Armando Montelongo, the former host of “Flip This House” on the A & E network, says certain phrases in the listing — such as “completely rehabbed” or “newly remodeled” — are signs that the dwelling was a foreclosure and is now in good-enough shape to be eligible for a home loan.
“It’s the benefit of buying an REO from somebody who flips properties, versus buying an REO straight from the bank,” says Montelongo, who lives in San Antonio.
Properties with a past:
However the foreclosed house ends up in a buyer’s hands, issues that lurk in the property’s past could “cloud title” — cast uncertainty on the buyer’s ownership rights. Title insurance protects against such defects in the title, such as undiscovered liens, forged signatures or defects in documentation.
There are two types of title policies. Lenders policies protect lenders, and owners policies protect owners. A mortgage lender always requires a lender’s title policy.
Owners policies are optional and are recommended for properties that have been through foreclosure.
“From the consumer’s perspective, I don’t think they have a lot to fear as long as they’re able to purchase title insurance on an REO property,” says Ivan Choi, national default sales executive for New Vista Asset Management in San Diego. “By and large, the title companies are still out offering policies.
There have been reports that title insurers have refused to issue policies on some homes foreclosed by lenders involved in the robo-signing scandal. Responding to these reports, Fidelity National Financial — the largest mortgage insurance company — issued a statement that “this situation will not have a material adverse impact on its title business.”
The statement said “new owners and their lenders would have the rights of good-faith purchasers which should not be affected by potential defects in documentation.”
Those “good-faith purchasers” won’t be kicked out of their houses, Skilling says. He adds that Fidelity’s message is that “they’re still going to underwrite on REO properties.”
This article was reported by Holden Lewis for Bankrate.com.
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