Publication

This paper reviews trends in travel and tourism in the US and Hawaii to ascertain how the terrorist attacks of 11 September 2001 and subsequent events affected their tourism flows and the manner and pace of their recovery. It demonstrates the usefulness of vector error correction models to generate dynamic visitor forecasts. The authors note that tourism in the US has not fully recovered and that, by contrast, Hawaii tourism is enjoyed robust growth in the aftermath of the terrorist attacks as growth in tourist arrivals from the US mainland has more than offset declines in Japanese and other international visitors.