$1M a year CEO tells us the economy is bad

I find it hard to digest this info coming from a person who gets paid min $1M a year for a job that "oversees" the tourist market. Obviously he is not hurting. I don't see the purpose of his job or the org behind

https://www.kitv.com/news/economic-downturn-hits-hotel-industry-on-maui-and-throughout-hawaii/article_c5dff69e-4ba7-11ee-81a6-77ee383718ea.html

LAHAINA, Maui (KITV4) -- The economic impact is being felt by everyone on Maui, but the hotel industry might be the hardest hit sector. While the losses of places like the Plantation Inn and Old Lahaina Inn are a significant part of the downturn, that may only be part of the reason for the spiraling numbers.

The series of disjointed and conflicting statements immediately after August 8 seems to have created another setback that Maui tourism now has to deal with.

“We were hurt by some comments that were made with people who are very familiar with Hawaii, kind of encouraging people not to travel,” said Mufi Hannemann, President and CEO of Hawaii Lodging and Tourism. “That has since been corrected. We're seeing more and more now positive statements. People saying you need to go back (to Maui) because they need the jobs. The economic situation is not very good so we're gonna have to keep at it.”

Hotel numbers are understandably down across Maui, but that impact has rippled across the islands.

“So we're hovering around 50 percent (on Maui) if we're lucky. And that's because those hotels are benefiting from a large number of government employees are here to help us in Lahaina," Hannemann said. "But as they leave, obviously, hotels like to know that they're gonna be replaced by either bookings of travelers that are coming here or, or another heavy influx of federal workers."

$1M a year CEO tells us the economy is bad (Read 804 times)

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$1M a year CEO tells us the economy is bad