Thursday, November 19, 2015

KC3 Essay Final

 Many tourists come to Hawaii to swim in the beautiful beaches and to experience "paradise". Tourism helps to support the local economy. Over the past few years, tourism has been increasing by at least 2%, giving hope to Hawaii's government that their economy will thrive. The tourism industry is by far their biggest industry. However, Hawaii is so dependent on tourism, that without it, the jobs, tax revenues, and economy will be negatively impacted.
        To begin with, no tourism equals a high unemployment rate for the residents of Hawaii. "Tourism is the biggest generator of jobs among the major economic sectors, supporting 168,000 jobs in Hawaii. Many people rely on tourists so that they can keep their job. Places such as hotels and attraction sites also depend on tourists to stay in business. "For every $1 million spent in direct visitor expenditures, tourism supports 11.2 jobs." This shows that the amount  that visitors spend affects the amount of job openings. If tourism decreases, so will the amount of money that they spend, which leads to less job openings. Hawaii relies on tourists and their contribution to the economy to support their jobs. 
        Another reason why Hawaii is so dependent on tourism is because it plays a big part in their economy. "Tourism contributed to $1.5 billion in total state tax revenue in 2013, an incremental $30 million per year." Tax revenue is the government income due to taxation. Hawaii  relies on tourism to bring in enough money to sustain their government. "DBEDT, the Department of Business, Economic Development, and Tourism, expects tax revenues to increase by 2.8% in 2016." Hawaii's tourism is increasing annually, which means that they are expecting more visitors. More visitors means more jobs and higher tax revenues. The tourism industry is continuing to grow at a steady rate as the years go by, a good sign for Hawaii and it's residents. 
        Tourism is by far Hawaii's biggest industry. "Hawaii's tourism industry generated $14.5 billion in total annual visitor spending, an average of $39 million per day." The amount that visitors spend each day contributes a lot to the overall economy. If the tourism industry suddenly dropped, Hawaii's economy would not be able to survive. "Hawaii is so dependent on tourism because that is the industry in which we have our true comparative advantage nowadays." Agriculture, which generates $2.9 billion and is accounted for 42,000 jobs, is Hawaii's second biggest industry. That means that tourism brings in 5 times the amount of money that agriculture does, and generates 4 times the amount of jobs. Tourisms contribution to the local economy of Hawaii is really large. 
        In conclusion, the job opportunities, tax revenues, and economy of Hawaii highly depends on tourism to be able to thrive. The amount of tourists that go to Hawaii, and the amount that they spend affects the amount of job openings. Tourism continues to be Hawaii's biggest industry, and is expected to grow over the next few years. However, Hawaii is too dependent on the tourists. If something, such as major airline closures or the increase of prices were to affect the amount of annual visitors, Hawaii's local economy would struggle. 

Wednesday, November 11, 2015

KC3 Essay Draft

        Many tourists come to Hawaii to swim in the beautiful beaches and to experience "paradise". Tourism helps to support the local economy. Over the past few years, tourism has been increasing at a steady rate, giving hope to Hawaii's government that their economy will thrive. The tourism industry is by far their biggest industry. However, Hawaii is so dependent on tourism, that without it, the jobs, tax revenues, and economy will be negatively impacted.
        To begin with, no tourism equals a high unemployment rate for the residents of Hawaii. "Tourism is the biggest generator of jobs among the major economic sectors, supporting 168,000 jobs in Hawaii. Many people rely on tourists so that they can keep their job. Places such as hotels and attraction sites also depend on tourists to stay in buisness. "For every $1 million spent in direct visitor expenditures, tourism supports 11.2 jobs." This shows that the amount  that visitors spend affects the amount of job openings. If tourism decreases, so will the amount of money that they spend, which leads to less job openings. Hawaii relies on tourism to support their jobs. 
        Another reason why Hawaii is too dependent on tourism is because it plays a big part in their economy. "Tourism contributed to $1.5 billion in total state tax revenue in 2013, an incremental $30 million per year." Tax revenue is the government income due to taxation. Hawaii  relies on tourism to bring in enough money to sustain their government. "DBEDT, the Depeartment of Buisness, Economic Development, and Tourism, expects tax revenues to increase by 2.8% in 2016." Hawaii's tourism is increasing annually, which means that they are expecting more vistitors. More visitors means more jobs and higher tax revenues. The tourism industry is continuing to grow as the years go by. 
        Tourism is by far Hawaii's biggest industry. "Hawaii's tourism industry generated $14.5 billion in total annual visitor spending, an average of $39 million per day." The amount that visitors spend each day contributes a lot to the overall economy. If the tourism industry suddenly dropped, Hawaii's economy would not be able to survive. "Today, tourists outnumber residents by a ratio of 6 to 1." That means that for every 1 resident in Hawaii, there are 6 tourists. There are more tourists daily than there are of people that actually live in Hawaii! Tourisms contribution to the local economy of Hawaii is really large. 
        In conclusion, the job oppurtunities, tax revenues, and economy of Hawaii highly depends on tourism to be able to continue growing. The amount of tourists that go to Hawaii, and the amount that they spend affects the amount of job openings. The tourism industry is expected to increase over the next few years, a good sign for Hawaii and it's residents. However, Hawaii is too dependent on the tourists. If something, such as major airline closures or the increase of prices were to affect the amount of annual visitors, Hawaii's local economy would struggle.