The DBEDT has released the visitor statistics for July and, as expected, they were dismal. Here are the key findings and their likely impact on Maui real estate:

• Total visitors down 22% compared to July 2007;
• Domestic arrivals down 23%;
• International visitors down 14%;
• Canadian arrivals up 10%;
• Spending per person per day down 13%;

There is no positive spin that can be put on these numbers. They stink. We expect August to be about the same.