Gary's Blog

Saturday, February 27, 2010

Great Tourism Numbers Just Released

Tourism numbers are all up! Visitor count for January is up 2.4%. Visitor spending is up 5.7%. Visitor spending per person per day is up 3.2%. Further evidence that America is feeling better this year than last. And we all know that consumer sentiment drives consumer spending. And consumer spending drives 70% of the U.S. economy.

Airlines are increasing their numbers of seats coming to the State this spring. Continental and Alaska Airlines are planning a 5.1% increase in the number of seats from California. Air seats from the eastern U.S. will be increasing by 6.3%, and international flights are forecast to rise 6.7%

This is already helping Coldwell Banker Island Properties sales. We have been putting about two new homes in escrow every day for about the past six months. This month, the numbers are approaching three new escrows per day.

What a time to buy Maui real estate! If you are a buyer, what a great time, as the sellers are still very motivated to bargain. They will soon realize, however, that the worst is behind us.

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