National Kings Shops Leasing Brochure | Page 2

THE BIG ISLAND LOCATION is growing bigger HAWAII ISLAND VISITOR STATS (2016) Annual Visitors KAUAI MOLOKAI OAHU MAUI 1.55 million Domestic 1,183,166 International 366,880 Average Length of Stay 7.49 days Per Person Per Day Spending $177.1 Per Person Per Trip Spending $1,326.0 The Big Island is experiencing huge growth in visitor arrivals and spending. For February, 2017, year-to-date, visitor spending increased +20% with the average daily census also increasing +8.4% compared to 2016. In 2016, Volcanoes National Park on the Big Island saw 1,887,580 visitors which was the highest count since 1984. The volcano is actively erupting and continues to be one of the largest tourist attractions in the state. As there are very few hotel accommodations near the park, most visitors will stay on the Kohala Coast. LANAI KINGS’ SHOPS HAWAII Median home prices on the Kohala Coast of the Big Island hit an average $525k in 2016, nearing the median price record set a decade ago and increasing 20% over the prior year. Hawaii’s Big Island set a new January record in (hotel) occupancy with a gain of 7.1 percentage points to 81.2 percent, while average rates reached $267. (PBN March 21, 2017) Big Island homes and condominiums showing prices up 20 and 33 percent, respectively, according to Hawaii Island Realtors first quarter 2017 report. (PBN April 5, 2017)