Business Report 5/13/16: Haneda flights, workforce housing, hotel occupancy

Business Report 5/13/16

HONOLULU (HawaiiNewsNow) - Washington is awarding a second Haneda flight slot to Hawaiian Airlines. This is the one it plans to use to fly three times a week to Kona. Is Kona airport ready for that? No it is not. Which means, the airport needs a customs buildout, or else customs needs to work AT Haneda. We'll watch to see how that plays out.

Howard Hughes Corporation, developer of Ward Village, has decided to do more workforce housing. Pacific Business News says this is driven by economics – luxury sales are softening but demand for workforce housing remains strong. No specifics yet.

Hotel occupancy: Oahu 79%, Maui 75%, Kauai 64%, Big Island 56%, a lower-than-usual spring shoulder season, and please note Golden Week visitors didn't help Waikiki all that much.

The University of Hawaii Federal Credit Union reports first quarter net income of $1.4 million on assets of $583 million – and a higher-than-average return on assets.

Happening this weekend, a job fair for Haleiwa Store Lots. It's Sunday, nine to 11 in the main courtyard. Information Haleiwa Store Lots dotcom. Click on Events.

Startup Weekend Maui is this weekend – pitches to investors tonight – mentoring – product development in a great big rush – it's being held at the Maui Research & Technology Park in Kihei.

This weekend it's the 24th annual Filipino Fiesta & Parade, also known as Flores de Mayo – Saturday, nine to five, Kapiolani Park – sponsored by the Filcom Center, L&L and a host of others.

And the Maui Brewers Festival is Saturday at the MACC.

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