In the heart of the Pacific Ocean lies a wealth of business opportunities. Hawaii, a land of thriving commerce, invites you to explore its dynamic business scene. Our Hawaii page is your key to accessing critical business data and franchise listings. With a booming economy and strategic location, Hawaii offers the perfect setting for ambitious entrepreneurs. Delve into our comprehensive resources and take the first step towards seizing the potential of the Aloha State.
Based on the latest demographic and economic data, Hawaii presents a unique landscape for business opportunities. With a population of 1.4 million, 483,906 households, a median household income of $94,814, and 135,567 small businesses, Hawaii's market is ripe for new and diverse franchise endeavors.
Hawaii's economy is forecasted to grow by 1.7% in 2023 and 2.1% in 2024, outpacing the U.S. average growth projections. The state's economic recovery post-COVID-19 is ongoing, with real GDP in tourism-related sectors recovering at 83.5% and non-tourism sectors at 98.7% as of the third quarter of 2022. Tourism, a vital part of Hawaii's economy, saw a significant recovery in 2022, with visitor arrivals reaching 89% of the 2019 level and an estimated spending of $19.3 billion, marking a historical high in nominal dollars. This resurgence is a positive indicator for franchises in hospitality, retail, and related services.
In Honolulu, Hawaii, there is a thriving business landscape with a total of 17,282 businesses. Among these, 760 are company headquarters, indicating the presence of key corporate offices. The area is home to a significant workforce, with a total of 206,400 employees, including 34,783 employees at these company headquarters. This robust business environment presents a wealth of opportunities for potential franchisees and entrepreneurs interested in business services.
In Hilo, the retail sector beckons with a substantial annual expenditure of approximately $590.04 million in 2023. Monthly household consumer expenditures on retail items amount to an average of $3,004 per household. This robust retail market presents an enticing opportunity for entrepreneurs interested in retail franchising. Whether you're considering opening a clothing store, an entertainment venue, or a food-related franchise, the data indicates that residents in this area allocate a significant portion of their monthly budgets to retail expenses.
Insights on Page Engagement
Visitors from Hawaii can achieve a competitive advantage by investing more time on our website portal. Our data reveals that Hawaii residents are currently spending an average of one minute and 18 seconds per session, exploring an average of 1.87 pages. By increasing the time you dedicate to browsing our valuable resources, data, and franchise listings, you can equip yourself with a deeper understanding of the franchise industry. This extended engagement will enable you to outperform your competitors by harnessing the full potential of our comprehensive platform.
Franchise Opportunities
Discover a variety of businesses for sale in Hawaii by exploring the extensive options listed below.
