Tourism Displaced: Ironman’s Real Impact on Kona’s Local Economy

Kona Home Team (LUVA LLC) Lance Owens (RB-24133), 2024 Real Estate Expert - Hawaii Island (Kona Home Team (luva llc)) • October 27, 2024

We all have that one friend who likes to brag—whether it’s about how much money they make, how big their home is, or how impressive their achievements are.


The Ironman race in Kona can feel a bit like that friend. Every year, the event proudly claims to inject millions into the local economy. However, data paints a different picture, and a closer look at the numbers suggests those claims may be somewhat overstated.


Overview of Visitor Data (Past 10 Years)


Below is an analysis of visitor data from the Hawaii Department of Business, Economic Development & Tourism, covering visitor days, arrivals, and expenditures over the past decade.


Seasonal Trends


  • Expenditures: Higher visitor spending occurs during winter months (e.g., December, January, February).
  • December 2018: $228 million in visitor expenditures
  • January 2019: $253 million in visitor expenditures
  • Summer Peaks: July and August also see increased visitor numbers, aligning with vacation seasons.
  • July 2019: 173,899 total visitor days, $221 million in expenditures
  • August 2018: 157,544 visitor days, $167 million in expenditures


October’s Position


  • October tends to fall between summer and winter highs:
  • October 2018: 857,946 visitor days, $170.4 million in expenditures
  • October 2019: 931,498 visitor days, $176.9 million in expenditures
  • Other months, like December and July, regularly outperform October.


A Key Discovery


2020 and 2021 were the only years in over four decades when the Ironman World Championship wasn’t held in Hawaii.

  • In 2020, Hawaii’s tourism shut down due to the pandemic, with no tourism spending data reported.
  • In 2021, without the Ironman race, October offers a unique benchmark—and it outperformed both its neighboring months in revenue, a rare occurrence seen only four other times over the past decade2014, 2018, 2019, 2021, and 2022.



Visitor Data for 2021:

  • September 2021: 733,439 visitor days, $136 million revenue
  • October 2021: 824,203 visitor days, $161 million revenue (outperformed both neighboring months)
  • November 2021: 1,003,095 visitor days, $157 million revenue

This insight suggests that October can thrive without Ironman, raising questions about the race's actual economic impact.


October 2023 in Context with the Ironman Event



  • September 2023: 1,020,439 visitor days, $252 million revenue
  • October 2023: 1,045,749 visitor days, $248 million revenue (more visitors, but less spending)
  • November 2023: 1,092,203 visitor days, $259 million revenue 

  • Note- visual aid below reflects 2020 with no data reported


Real Estate Sales Trends During Ironman


A closer look at real estate data suggests that the Ironman race does not cause significant disruptions in the local housing market. Sales from September to December align with typical seasonal patterns (sample pulled from MLS in 2019—pre-COVID, post-2018 lava flow North Kona):

  • September: 45 homes, 35 condos sold
  • October: 41 homes, 38 condos sold
  • November: 44 homes, 28 condos sold
  • December: 36 homes, 38 condos sold


COVID-19 Impact on Tourism


The pandemic had a significant impact on tourism, with 2020 seeing a sharp decline in visitor numbers:

  • October 2020: 213,822 visitor days (compared to over 900,000 pre-pandemic)
  • No expenditure was recorded during this period due to travel restrictions.

 


Additional Insight


  • Tourism Displacement: Ironman participants’ trips often replace other types of vacations, limiting the net economic impact (sources: Hawaii Public Radio, Kauai News Now).



Conclusion


The data confirms that October does not generate a significant economic boost compared to other months. Visitor arrivals and expenditures peak during July, August, December, and January, with October generally performing at average levels.

However, 2021 offers a unique insight—being the only October in four decades without the Ironman race. Interestingly, October has outperformed both September and November in revenue not just in 2021, but also in 2014, 2018, 2019, and 2022. This suggests that the event may not be the driving factor behind strong spending patterns in October, raising questions about the true economic impact of Ironman.

With the data in hand, the question becomes: Is it really worth it all?


My Personal Opinion


I appreciate Ironman for what it is—an incredible display of human strength and achievement. However, it’s important not to mistake it for something it’s not.

While the event generates some economic impact, the claim of injecting $30 million into Kona’s economy must be weighed against the $30 million in displaced spending from typical winter activities—like fall break trips, weddings, honeymoons, anniversaries, family vacations, and visits focused on relaxation, adventure, or cultural experiences in Hawaii.


The numbers speak for themselves.


Posted by:


Lance Owens RB-24133
808.936.8383
 

LUVA Real Estate | 75-240 Nani Kailua #8, Kailua Kona, HI 96740 
   REALTOR® / BROKER-IN-CHARGE • Residential homes, Condos, Land, Agricultural/ Equestrian/Large Acreage 

Hawaii Association of REALTORS® (HAR) 

    2025 President   2023/24 State RPAC Chair
    2023 HARLA Graduate 

National Association of REALTORS® (NAR) 

    2023-25 Director   2024-25 RPAC Participation Council   Safety Advisory Committee   Region 13 Leadership

NAR Designations
      
AWHD (At Home With Diversity) | PSA ( Pricing Strategy Advisor) 
West Hawaii Association of REALTORS® (WHAR)

   2023 REALTOR® of the Year   2018/2022 Preside


By Kona Home Team (LUVA LLC) Lance Owens (RB-24133), 2024 Real Estate Expert - Hawaii Island (Kona Home Team (luva llc)) April 24, 2025
Today’s Inman News headline reads:“Existing-home sales fall to slowest pace since 2009 amid rising costs.”That may be true nationally—but not here in North Kona.While the mainland sees pullbacks, our local data paints a different picture. From January through March 2025, both home and condo sales in North Kona are up—eclipsing 2024, 2009, and even 2008 numbers.📊 North Kona YTD Sales (Jan 1–Mar 31): 2008: 69 Homes | 47 Condos 2009: 42 Homes | 33 Condos 2024: 104 Homes | 67 Condos 2025: 107 Homes | 82 Condos This isn’t just a rebound—it’s sustained confidence. Buyers are still buying. Sellers are still selling. And the market is still moving.It’s a powerful reminder that real estate is local. National headlines don’t always reflect what’s happening in our neighborhoods, our communities, or right here on the Big Island.Want the real story—not the national spin? Talk to someone who’s lived and worked it.With 21 years of boots-on-the-ground experience in the North Kona market, I’ve seen every shift, surge, and slowdown (even volcano related) . Let’s talk about what’s really happening—and how it affects your next move.Aloha,Lance Owens RB-24133  808.936.8383 LUVA Real Estate | 75-240 Nani Kailua #8, Kailua Kona, HI 96740        REALTOR® / BROKER-IN-CHARGE • Residential homes, Condos, Land, Agricultural/ Equestrian/Large Acreage Hawaii Association of REALTORS® (HAR)      2025 President | 2023/24 State RPAC Chair     2023 HARLA Graduate National Association of REALTORS® (NAR)      2023-25 Director | 2024-25 RPAC Participation Council | Safety Advisory Committee | Region 13 Leadership NAR Designations       AWHD (At Home With Diversity) | PSA ( Pricing Strategy Advisor) West Hawaii Association of REALTORS® (WHAR)     2023 REALTOR® of the Year | 2018/2022 Preside
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