Hawaii Business Brief: Navigating the Currents of Change This Week

Aloha business community! This week, we're diving deep into the latest happenings across the islands. Tourism faces its own set of challenges, as the absence of clear leadership raises questions about the future direction of Hawaii's travel industry. On a brighter note, Costco's growing influence in the budget travel sector is reshaping the market. Meanwhile, the buzz around the upcoming "Hawaii's Most Admired Leaders" and a PBN E-newsletter promises valuable insights for businesses navigating the local landscape. Real estate and finance are also in the spotlight. New legislation aims to alleviate the condo insurance crisis, while Maui Land & Pineapple's strategic moves are showing positive revenue results. The recent Maui wildfire settlement brings a ray of hope for financial relief, and new Hawaii laws are now in effect, requiring businesses to stay informed. Furthermore, developments on the energy front involve a power outage impacting Upcountry Maui, and local leaders are convening on Maui to address energy challenges. Lastly, a few other things to keep an eye on: The Department of Transportation's community events related to Park Maui may impact Kīhei businesses. Hawaii's fight against invasive species is ongoing, with businesses in West Hawaii on alert due to the threat of invasive beetles. Also, we want to remind you to be wary of scams, as military members in Hawaii have become targets for fraudulent activities. Remember to stay informed, adapt, and navigate the currents of change with your ohana.