A U.S. Travel Association poll taken in April shows a significant increase in perceived “money available for travel.” In October 2008 the Traveler Sentiment Index bottomed below 80, and in April 2010 it was measured at 90. This brighter number suggests consumers may be more confident about their finances, and may be more inclined to travel to Hawaii.
“Interest in travel,” “time available to travel,” and “money available for travel,” variables from which the index is derived, have risen. Unfortunately, the increased cost to travel, and lingering concern about job loss may keep people at home. However, financial factors that influence near-term leisure travel are mostly positive. For example, the percentage of U.S. adults citing a “high level of personal credit card debt” fell from 56% in April 2009 to 46% in April 2010.
The airlines serving Hawaii have recently indicated more seats will be added. More travelers to Hawaii is good news for real estate sellers. The West Hawaii Island’s entry level market (to $500,000) had already recovered. Excess inventory has been mopped up, and prices are creeping up. If you have been thinking about buying West Hawaii at the market’s low point, now is the time to visit with your checkbook.
Take a look at Hawaiian Airlines’ reduced fares beginining August 9th. Tickets must be purchased by June 11, so now is definitely the time. While you are here I can put together a short tour of homes for you.
Tags: Hawaii, Real Estate, travel, west hawaii