State of Hawaii Fiscal Resilience Plan slide image

State of Hawaii Fiscal Resilience Plan

1) Start of Safe Travels Program. 6 23 2) Does not include vacation rentals or timeshares. 3) Year to date as of September. Tourism Tourism Has Recovered to Near Pre-Pandemic Levels Visitor Arrivals: Total visitor arrivals as of September 2023 was 93.5% of pre-pandemic levels Monthly Visitor Arrivals by Air October 2020 (1) to September 2023 As a Percentage of the Same Month in 2019 140% 120% - U.S. visitors were 110% of 100% pre-pandemic level during 80% the first 9 months of 2023 60% International air seats are 40% projected to recover to 20% 63.7% of the 2019 level in 0% 2023 - Total statewide passenger 20% Source: State of Hawaii, Department of Business, Economic Development & Tourism. Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Hotel Occupancy: Hotel occupancy has averaged count was 103% of pre-fire (2022) levels as for October Hotel Occupancy (2) 2019 vs. 2022 and 2022 YTD vs. 2023 YTD (3) Total 100% Domestic International Average Monthly Visitor Expenditures 2019 vs. 2022 and 2022 YTD vs. 2023 YTD (3) ($MM) $2,000 75.3% in 2023 YTD and is approaching the 2019 level of 81.3% $1,754 81.3% $1,642 $1,624 75.3% 80% 73.6% 72.7% $1,600 $1,476 Visitor Expenditures: Average 60% $1,200 monthly visitor expenditures for the first 9 months of 2023 40% $800 were 119% of 2019 levels $400 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 0% $0 2019 2022 2022YTD 2023YTD 2019 2022 2022YTD 2023YTD May-23 Jun-23 Jul-23 Aug-23 Sep-23 STATE OF HAWAII
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