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July 25th, 2008

More Signs Of The Next Coming

I came across this article titled, “Hawaii Looking To Tap Into China’s Monster Market” that really shows the massive potential from the Asian market that many economist here feel will be the next boom in our economy and more specifically our real estate market. This is not just a boom from Chinese but from Koreans as well.

The recently signed memorandum of understanding between the United States and China allows more leisure travel groups to come to the United States, which officials predict will result in a doubling of visitors from China, to more than 100,000 a year. Those numbers have climbed each year, from 25,443 in 2003 to 55,910 last year.  Last month, the first tour groups from China came to the Islands.  The Chinese visitors, although numbering only in the hundreds, grabbed the spotlight ….Officials also predict an upswing in Korean travelers next year when South Korea is expected to be admitted to the U.S. State Department’s visa waiver program.

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Posted by scott on July 25th, 2008 in Asia News |

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