Maui tourism operators should monitor daily surf forecast updates from Maui Now and the National Weather Service (NWS) Honolulu through March 5th. If surf heights consistently exceed 7 feet on exposed west and north shores, or if weather advisories are issued for high surf and strong currents, activate contingency plans by rescheduling tours or limiting access to specific water areas.
Monitor legislative calendars for updates on Bills HB2705, which could significantly alter cruise line docking fees, impacting tourism operators and related businesses. If passed, evaluate budget and pricing strategy adjustments within 60-90 days of enactment.
All businesses should continuously monitor global oil prices and shipping indices for sustained upticks. If oil prices rise over 10% in a week or shipping costs climb significantly, reassess inventory, explore alternative suppliers, and factor potential cost increases into pricing strategies. Similarly, watch Hawaii retail fuel prices and Persian Gulf shipping disruptions; if fuel costs rise over 10% in 30 days or disruptions exceed 60 days, implement contingency plans focusing on pricing, supply chains, or operational efficiency. These ongoing monitoring efforts are critical due to potential supply chain and market volatility risks from global geopolitical shifts. Learn more about these risks.