Howzit Howard: HEI - Hawaii News Now - KGMB and KHNL

Howzit Howard: HEI

HONOLULU (HawaiiNewsNow) - HEI owns Hawaiian Electric, Maui Electric, the Big Island's HELCO and Americans Savings Bank. HEI beat the street with $29 million profit, almost double last year, on higher bank profits and electric rate hikes.

The Matson ship Kaimoku leaves the port of Xiamen today, launching Matson's new second China express service. Next month there will be five ships on a new route that includes Hong Kong.

United Airlines reports its July traffic was up from last year, but only a little, and just a hair ahead of capacity expansion. United actually shrank its North American network about four percent.

Excise tax revenue, comparing June to last year, Big Island, down 13 percent. Kauai, down 14 percent. Maui County, down 16 percent. Honolulu, down 23 percent.

Intercontinental hotels, in the red last year, has posted an $87 million quarterly profit. Intercontinental is based in London but makes two-thirds of its profit in America, where it's known as Holiday Inn.

Marriott regional vice president Chris Tatum has been elected the new president of the Hawaii Hotel & Lodging Association.

And the annual tourism conference at the Convention Center starts today. I'm moderating one of the panels. See you there.

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