The report shows Maui lost more than $13 million of visitor spending each day in the weeks following the fire. With the planned Oct. 8 reopening of unaffected West Maui resort areas, economists are not anticipating a rush to travel, but a gradual recovery instead.
A total of 88 transpacific flights were canceled in August, representing 23,083 air seats. The passenger count to Kahului Airport decreased by more than 70% after the wildfires from 7,000 a day to 2,000 a day. The loss from business closures and visitor expenditures is estimated to be $11 million a day on Maui since Aug. 9, 2023.
Department officials say many economists believe that the US economy will experience a recession during the second half of 2023. However, the Hawai‘i economy has not recovered from the recession caused by the COVID-19 pandemic.
Dodging a recession? - West Hawaii Today westhawaiitoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from westhawaiitoday.com Daily Mail and Mail on Sunday newspapers.
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