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5 Things Hawaii: Mental health solutions, Economic forecast, Broadband funding - State of Reform

5 Things Hawaii: Mental health solutions, Economic forecast, Broadband funding - State of Reform
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Mayor Blangiardi Wants Aggressive, Smart Reopening Amid Increasing Vaccination Rates

UHERO predicts faster Hawaii economic recovery, citing COVID vaccines, travel demand

UHERO predicts faster Hawaii economic recovery, citing COVID vaccines, travel demand The quarantine for inter-island travel was lifted Tuesday in Hawaii. (Source: Hawaii News Now) By HNN Staff | May 14, 2021 at 6:19 PM HST - Updated May 14 at 6:21 PM HONOLULU, Hawaii (HawaiiNewsNow) - The University of Hawaii Economic Research Organization predicted a faster recovery for Hawaii’s economy, citing high COVID vaccination rates and pent up demand for travel from the mainland. In UHERO’s latest report released on Friday, experts said although full-recovery from the pandemic will take years to accomplish, the state’s economy is improving. According to the report, increased COVID vaccinations across the country resulted in more visitors coming to Hawaii from the continental United States.

UHERO Forecast: Visitors Could Reach 6 4M in 2021, 8 8M in 2022

1:31 A new forecast from the University of Hawaii Economic Research Organization finds that, for 2021, Hawaii is bouncing back a bit faster than expected but that full recovery is still several years away. Visitor arrivals reached half their normal levels in April and UHERO projects arrivals will reach 70% of pre-pandemic levels by late summer. In its baseline forecast, visitation could reach 6.4 million in 2021, then 8.8 million in 2022, and just over 9 million in 2023. For comparison, Hawaii had a record 2019 with more than 10 million visitors. Things could go in other directions and the UHERO report includes optimistic and pessimistic forecasts around this baseline. The optimistic scenario assumes a quicker rebound of the U.S. economy and high vaccination rates, both of which would stimulate travel.

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