Hawaii’s lavish buildings, remarkable tourist attractions, rich culture, delectable food, and many locals and tourists surely contribute to the state’s economy. Throughout the years, Hawaii has been one of the states that has had regular increasing economic growth (outside of the Covid 19 Pandemic). Tourism is surely the cornerstone of the Hawaiian economy but there are other sectors as well.
Tourism
Tourism is the most important industry in Hawaii. The industry is said to account for 21% of the state’s economy, which generates approximately 16 billion dollars in revenue annually. Tourism supports various businesses across the state, which is made possible because of its tropical year-round weather.
Popular tourist destinations of Hawaii:
Beaches: The stunning beaches of Hawaii magnets tourists to visit the state. The picture-perfect beaches in Oahu and other islands of Hawaii are typical attractions for families, couples, and friends to spend their holidays and special occasions together.
Resorts: With numerous beaches the island has, resorts coexist with them to offer locals and tourists a place to stay while on vacation to the beach or tour to the different landmarks in the island. Some of the well-known resorts in the island include: Halekulani Hotel, Moana Surfrider, The Royal Hawaiian, Hotel Wailea, Four Seasons Resort, Prince Waikiki, Montage Kapalua Bay, and many more.
Golf Courses: Hawaii offers about 70 golf courses, which is the primary reason golfers all around the world gather in Hawaii for a great golf experience. The year-round balmy and beautiful climate of Hawaii, together with its attractive ocean views, waterfalls, and huge green landscape, secures players of the best-golfing experience. Professional Golfer’s Association (PGA) and Ladies Professional Golf Association (LPGA) commits to Hawaii to host several of their events.
Nature Hikes: Hawaii is also home to stimulating trails, which permits a more enjoyable and memorable hiking experience for tourists.
Shopping Centers: Shopping centers in Hawaii offer an assortment of designer stores with many brands to choose from.
Cultural Centers: Cultural centers in Hawaii promotes the culture, art, and historical events that took place in the state. Some of these cultural centers in the state include the:
Pearl Harbor National Memorial: which commemorates the soldiers and marines that were killed on the Pearl Harbor Attack in 1941.
Polynesian Cultural Center: which aims to show six island villages themed around different Polynesian nations.
Iolani Palace: A cultural center that allows visitor to experience first-hand about what it means to be royal. Visitors gets to wear royal wardrobe and jewelries and have a closer look at restricted areas and objects in the palace.
Restaurants: Food is also something that tourists won’t miss in the island. From seafood delicacies to desserts, the abundant restaurants can take away your palate. Some of the most renowned restaurants in the state includes: Vintage Cave, Town Pun, Chef Chai, Chev Mavro, Gazebo Restaurant, Da Poke Shack, Marukame Udon, Mama’s Fish House, and many more.
Agriculture
The climate of Hawaii is beneficial for certain types of agriculture. Today, 30 percent of Hawaii’s land usage is dedicated to farming. It is home to 7,500 different crops and livestock, which has an estimated 2.9 billion in economic impact on the state. Agricultural commodities in Hawaii include flowers and nursery products, macadamia nuts, coffee, dairy and egg farms, cattle, hogs, and many more.
Fishing Industry
The port of Honolulu is the center of the fishing and food industry in Hawaii. It receives 72% of Hawaii’s fish landings with the majority sold in the Honolulu Fish Auction. The Honolulu Port has low volume and fish tonnage but is a high-value fishery. It is considered as one of the top ports in America that brings in an estimated $100 million worth of landings annually. Some of the most popular fishes haul by longline fishers include yellowfin tuna, bigeye tuna, swordfish and lobster.
Manufacturing Industry
The manufacturing industry of Hawaii includes food processing, printed materials, clothing, petroleum products, steel, cement, and chemical products.
Power
Most of Hawaii’s power comes from burning fossil fuels, frequently oil and some coal. In 2017, Hawaii used 62% of its electricity coming from oil, making Hawaii the highest share of petroleum used in the United States.
Final Thoughts
Hawaii’s economy, just like any other place, depends on its industries for its economy to function. These industries give services or sell products to the locals and tourists. Each industry contributes to the progress that Hawaii savors.