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| Hilo, Hawaii News, Sports, & Information |
Wednesday, May 22, 2013 |
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Posted: Tuesday, October 16th, 2012 9:05 AM HST
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Hawaii time shares remain strong
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HONOLULU (AP) — Hawaii's time-share industry is growing.
Howard Nusbaum, CEO of the American Resort Development Association, told the Honolulu Star-Advertiser that Hawaii remains a strong market despite a severe downturn in the visitor industry from 2007 to 2009.
Nusbaum says the statewide occupancy rate for time-share units averaged 87 percent in 2011 as compared with 78.9 percent at time shares throughout the nation. He says that the good news in 2012 is that time shares, especially in Hawaii, are expected to grow.
Nusbaum is presenting an overview Tuesday of the time-share industry at the Waikiki 20/20 planning conference at the Hawai'i Convention Center.
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